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

1z0-1081-23 real exams

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Aug 06, 2026

Q & A: 60 Questions and Answers

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1z0-1081-23 exam dumps

Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Data Integration and Loading- Data management processes
  • 1. Data loading methods and mappings
    • 2. Data validation and transformation
      Journals and Adjustments- Manual and automated journals
      • 1. Journal creation and posting
        • 2. Adjustment entries and validation
          FCCS Application Configuration- Application setup and configuration
          • 1. Creating and configuring FCCS applications
            • 2. Defining consolidation methods and settings
              Reporting and Analysis- Financial reporting tools
              • 1. Financial reports and Smart View
                • 2. Data analysis and validation reporting
                  Security and Access Management- User roles and permissions
                  • 1. Security configuration in FCCS
                    • 2. Access control for data and metadata
                      Metadata and Dimensions- Core dimensions
                      • 1. Movement, Intercompany, Data Source
                        • 2. Account, Entity, Scenario, Version
                          - Metadata management
                          • 1. Loading and maintaining metadata
                            • 2. Validation and hierarchy design
                              Close Process Management- Period close activities
                              • 1. Task lists and workflow management
                                • 2. Monitoring and reconciliation processes
                                  Consolidation Process- Financial consolidation execution
                                  • 1. Consolidation rules and calculations
                                    • 2. Currency translation
                                      • 3. Elimination and ownership processing

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. Where can you set the default member for the Currency dimension in a Data Integration integration?

                                        A) Run Integration dialog box
                                        B) Map Members tab in the Create Integration dialog box
                                        C) Location Attributes in the Create Integration dialog box
                                        D) Options tab of the Application Details dialog box


                                        2. You are required to create a form that allows users to input data. Which three actions are consistent with this?
                                        (Choose three.)

                                        A) Select level 0 dimension members for POV\ rows, and columns. www*'
                                        B) Grant the data input users Write access to the dimension members used on the form.
                                        C) Set the consolidation member on the form to FCCS Entity Input.
                                        D) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
                                        E) Set the currency on the form to Parent Currency.


                                        3. Which statement correctly describes the Consolidation dimension?

                                        A) The dimension allows users to see input versus journal adjustment data.
                                        B) The dimension allows users to view data in the parent currency.
                                        C) The dimension contains members to store non-controlling interest and joint venture data.
                                        D) The dimension uses a separate member for data from an entity's level-zero descendants.


                                        4. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

                                        A) FCCS Totallnput And Adisuted
                                        B) FCCS Contribution
                                        C) FCCS Entity Total
                                        D) FCCS Entity Consolidation


                                        5. 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.


                                        Solutions:

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

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