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

1z0-1081-23 pass collection

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Sep 06, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A. Footer
B. Header
C. Grid
D. Chart


Question 2

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A. The default currency of the child is different from the default currency of the parent.
B. Reporting currencies have been defined in the Currency dimension.
C. To specify exchange rates you must set up multiple currencies when creating an application.
D. The child entity is NOT a shared entity.


Question 3

To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A. Period
B. Period, Year, and View
C. Period and Year
D. View


Question 4

The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A. Hickory and Paducah
B. No elimination is performed, because H 1 and P 1 do not have the same parent.
C. PQR
D. H 1 and P 2


Question 5

For which scenario would an On-Demand rule be an appropriate solution?

A. To perform a custom currency translation for a subset of accounts
B. To import data into a form or Smart View worksheet
C. To allocate data to base entities prior to consolidation
D. To add a column with a calculation to a report


Solutions:

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

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