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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Nov 01, 2026
  • Q&As: 60 Questions and Answers

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1z0-1081-23 exam dumps

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        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. Target application
                                        • C. Scenario
                                        • D. Data tile name
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,B  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #2

                                        When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

                                        • A. Is Plug Account
                                        • B. Intercompany Entity
                                        • C. Intercompany Account
                                        • D. Plug Account
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #3

                                        Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

                                        • A. Calculations, dashboards, and reports to provide analysis for cash flow modeling
                                        • B. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
                                        • C. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
                                        • D. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #4

                                        Which statement about Opening Balance Override rules is true?

                                        • A. They are available only if Intercompany Data with Tracking is enabled for the business process.
                                        • B. Opening Balance Override rules execute for the first period in the year only.
                                        • C. You can select which entities to include in the rule scope.
                                        • D. You can select which accounts to include in the rule scope.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #5

                                        Which two statements are true about the Multi-GAAP feature? (Choose two.)

                                        • A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
                                        • B. Select this option if you need to report your financial statements only in IFRS.
                                        • C. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
                                        • D. You must specify a prefix for entities that use the alternate gap standard.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

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