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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Aug 05, 2026
  • Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements about the Copy Data function are true? (Choose two.)

A) You cannot select which Account members to copy.
B) You can copy data for historical rate and amount overrides.
C) You can select which Consolidation dimension member to copy.
D) When you select the Regular Data option, journals data is included.


2. Which customization can you perform on the Navigation Flows page?

A) Set a default POV by user group.
B) Select a data form to display at start up based on user group.
C) Add or Hide cards.
D) Select a color scheme.


3. When do you enable submission phases for your approval process?

A) When you assign the approval unit hierarchy to a scenario, period, and year
B) When you set up the approval unit hierarchy
C) When you start the approval process for an approval unit on the Manage Approvals page
D) When you set the member properties for the entity


4. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
B) Equity Pickup rules run as part of the consolidation process
C) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
D) Seeded rule sets are provided for Equity Pickup.


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

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


Solutions:

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

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