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  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Consolidation Process- Financial consolidation execution
  • 1. Elimination and ownership processing
    • 2. Consolidation rules and calculations
      • 3. Currency translation
        Metadata and Dimensions- Core dimensions
        • 1. Account, Entity, Scenario, Version
          • 2. Movement, Intercompany, Data Source
            - Metadata management
            • 1. Loading and maintaining metadata
              • 2. Validation and hierarchy design
                Close Process Management- Period close activities
                • 1. Monitoring and reconciliation processes
                  • 2. Task lists and workflow management
                    Reporting and Analysis- Financial reporting tools
                    • 1. Financial reports and Smart View
                      • 2. Data analysis and validation reporting
                        Data Integration and Loading- Data management processes
                        • 1. Data validation and transformation
                          • 2. Data loading methods and mappings
                            Journals and Adjustments- Manual and automated journals
                            • 1. Journal creation and posting
                              • 2. Adjustment entries and validation
                                Security and Access Management- User roles and permissions
                                • 1. Access control for data and metadata
                                  • 2. Security configuration in FCCS
                                    FCCS Application Configuration- Application setup and configuration
                                    • 1. Defining consolidation methods and settings
                                      • 2. Creating and configuring FCCS applications

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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


                                        2. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

                                        A) Security can be disabled for any dimension.
                                        B) Security can be assigned at a parent level.
                                        C) Security is mandatory for one dimension.
                                        D) The Identity Domain Administrator inherits full access privileges.
                                        E) All members are accessible for dimensions with no security applied.


                                        3. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
                                        What is the most efficient means to accomplish this?

                                        A) Create a Configurable Consolidation rule.
                                        B) Create a Groovy rule.
                                        C) Create a Task Manager rule.
                                        D) Create a valid intersection rule.


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

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


                                        5. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

                                        A) Consolidation
                                        B) Period
                                        C) Year
                                        D) Scenario
                                        E) Data Source
                                        F) Entity


                                        Solutions:

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

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