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

1z0-1081-23

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Oct 21, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

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


Question #2
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A. Select the Consolidation template when setting up the Approval Unit hierarchy.
B. Select users with the Service Administrator security role.
C. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D. Delete the default Approval Unit hierarchy.


Question #3
In Data Integration, for what purpose do you use Workbench?

A. To edit the data load file format
B. To review mapping of source to target members
C. To define dimension mapping
D. To configure data load options


Question #4
Where do you set the Intercompany Entities Aggregation option?

A. In the member properties of the Intercompany Entities member
B. On the Properties page of the Intercompany dimension
C. In the Setup Wizard during business process creation
D. In the member properties of the Intercompany Top member


Question #5
Which statement correctly describes the Consolidation dimension?

A. The dimension allows users to view data in the parent currency.
B. The dimension contains members to store non-controlling interest and joint venture data.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension uses a separate member for data from an entity's level-zero descendants.


Solutions:

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

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