Oracle 1z0-1081-23 : Oracle Financial Consolidation and Close 2023 Implementation Professional

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Sep 01, 2026

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Close Process and Journal Management22%- Approval units and workflow
- Task Manager configuration
- Supplemental Data setup
- Journal creation, approval and posting
Topic 2: Application Setup and Configuration28%- Dimension management and metadata configuration
- Security setup and role assignment
- FCCS architecture and business process setup
- System settings and validation
Topic 3: Consolidation Process and Logic28%- Ownership management and consolidation methods
- Intercompany eliminations and adjustments
- Consolidation workflow and balance calculation
- Currency translation and exchange rates
Topic 4: Data Integration and Reporting22%- Data loading and integration configuration
- Data forms and valid intersections
- Financial reporting and dashboards
- EPM Automate and application maintenance

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A. Member mappings
B. Scenario
C. Data tile name
D. Target application


Question 2

Which statement is FALSE about Task Manager schedules?

A. You can re-open a schedule that has been locked.
B. You can still add tasks to a schedule that has been closed.
C. Users can still complete tasks in a schedule that has been closed.
D. To start all the tasks in a schedule, you must change the status from Pending to Open.


Question 3

Which statement is true about an approval process with the Phase Dependency option enabled?

A. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
C. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.


Question 4

Which statement is FALSE about when Intercompany Data is enabled?

A. Intercompany accounts are assigned plug accounts.
B. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
C. Tracking intercompany eliminations is optional.
D. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.


Question 5

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A. An intercompany elimination was performed.
B. An ownership percentage for the entity other than 100 was entered.
C. A rate was entered into the FCCS Rate Override account.
D. The parent entity has a different currency than the child.


Solutions:

Question 1
Answer: A,D
Question 2
Answer: B
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: B

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