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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A. Write
B. None
C. Comment
D. Read


Question 2

Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
B. You can include Data Management artifacts in the clone.
C. You can include the inbox and outbox contents in the clone.
D. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.


Question 3

Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A. Data can be stored by the intercompany partner but no eliminations occur.
B. The ICP dimension is omitted.
C. An extra custom dimension is available.
D. The FCCS No Intercompany member of the ICP dimension is used for all data.


Question 4

Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A. Ownership Percentage
B. Control
C. Minority Interest Percentage
D. Consolidation Percentage
E. Consolidation Method


Question 5

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

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


Solutions:

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

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