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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Consolidation and Close Execution- Run consolidations and currency translation
- Intercompany eliminations and adjustments
Topic 2: Overview of Financial Consolidation and Close- Overview of FCCS features
- Consolidation and close process architecture
Topic 3: Setup and Configuration- Security configuration and user roles
- Application setup and business process configuration
Topic 4: Reporting and Dashboards- Design reports using Financial Reporting Studio
- Create dashboards and data forms
Topic 5: Dimension and Metadata Management- Manage dimensions and hierarchies
- Import and edit members
Topic 6: Task and Data Management- Manage close process using Task Manager
- Data import, export, and integrations

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

Which statement about Opening Balance Override rules is true?

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

Correct Answer: B  🗳️

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Question #2

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

  • A. FCCS Entity Consolidation
  • B. FCCS Totallnput And Adisuted
  • C. FCCS Entity Total
  • D. FCCS Contribution
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

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. Plug Account
  • D. Intercompany Account
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

  • A. Execute Integration dialog box
  • B. Options tab of the Application Details dialog box
  • C. Workbench
  • D. Location Attributes section of the Create Integration dialog box
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

  • A. Entity
  • B. Period
  • C. Account
  • D. Year
  • E. Scenario
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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