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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which task categories is Audit enabled by default?

A) Journals
B) All task categories
C) No task categories
D) Data only


2. Which statement about Opening Balance Override rules is true?

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


3. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Contribution Margin
B) Days Sales in Receivables
C) Earnings per Share
D) Gross Margin
E) Debt Ratio
F) Inventory Ratios


4. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) Selecting the primary instance of a member does not include shared members.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.


5. Which four items are included in the Currency dimension? (Choose four.)

A) Entity Currency
B) Journal Input Currencies
C) Reporting Currencies
D) Default Currency
E) Parent Currency
F) Input Currencies


Solutions:

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

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