- Exam Code: 1z0-1081-23
- Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
- Updated: Aug 01, 2026
- Q & A: 60 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
| Topic 2: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Topic 3: Dimension and Metadata Management | - Manage dimensions and hierarchies - Import and edit members |
| Topic 4: Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Topic 5: Task and Data Management | - Manage close process using Task Manager - Data import, export, and integrations |
| Topic 6: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
1. 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 accounts to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which entities to include in the rule scope.
2. For which scenario would an On-Demand rule be an appropriate solution?
A) To perform a custom currency translation for a subset of accounts
B) To import data into a form or Smart View worksheet
C) To add a column with a calculation to a report
D) To allocate data to base entities prior to consolidation
3. Where can you set the default member for the Currency dimension in a Data Integration integration?
A) Options tab of the Application Details dialog box
B) Run Integration dialog box
C) Map Members tab in the Create Integration dialog box
D) Location Attributes in the Create Integration dialog box
4. Which three dimensions can be included in an approval group? (Choose three.)
A) Movement
B) Account
C) Entity
D) Multi-GAAP
E) Scenario
5. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?
A) Create member formulas.
B) Enter data through a data form.
C) Load data to this account and create member formulas.
D) Load data to this account.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B,C,E | Question # 5 Answer: A |
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