Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Topic 2: Overview of Financial Consolidation and Close | - Consolidation and close process architecture - Overview of FCCS features |
| Topic 3: Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Topic 4: Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Topic 5: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 6: Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which statement is FALSE regarding establishing security for Financial Consolidation and Close?
- A. All members are accessible for dimensions with no security applied.
- B. Security can be assigned at a parent level.
- C. Security is mandatory for one dimension.
- D. The Identity Domain Administrator inherits full access privileges.
- E. Security can be disabled for any dimension.
Correct Answer: E 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?
- A. Gauge
- B. Bar
- C. Tile
- D. Line
Correct Answer: C 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Which two are members in the Consolidation dimension? (Choose two.)
- A. FCCS Data Input
- B. FCCS Total input And Adjusted
- C. FCCS Entity Input
- D. FCCS Proportion
Correct Answer: C,D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Which statement is FALSE about the Equity Pickup feature?
- A. Seeded rule sets are provided for Equity Pickup.
- B. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
- C. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
- D. Equity Pickup rules run as part of the consolidation process
Correct Answer: C 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Financial
- B. Journal
- C. Intercompany
- D. Consolidation
Correct Answer: D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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