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

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Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Sep 08, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:
SectionObjectives
Task and Data Management- Data import, export, and integrations
- Manage close process using Task Manager
Overview of Financial Consolidation and Close- Consolidation and close process architecture
- Overview of FCCS features
Setup and Configuration- Security configuration and user roles
- Application setup and business process configuration
Consolidation and Close Execution- Intercompany eliminations and adjustments
- Run consolidations and currency translation
Dimension and Metadata Management- Import and edit members
- Manage dimensions and hierarchies
Reporting and Dashboards- Create dashboards and data forms
- Design reports using Financial Reporting Studio
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A. Scenario
B. Data Source (Entity)
C. Year
D. Account
E. Period


Question 2

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

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


Question 3

What action requires refreshing the database?

A. You change the ownership percentage for an entity.
B. You edit the Consolidation Operator for a member in the Account dimension.
C. You deploy a new Configurable Calculation rule in Calculation Manager.
D. You edit the alias for a member in the Entity dimension.


Question 4

Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A. Run a business rule
B. Export metadata
C. Load a data file
D. Import journals


Question 5

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


Solutions:

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

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