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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Sep 13, 2026
  • Q&As: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Application Setup and Configuration28%- Dimension management and metadata configuration
- Security setup and role assignment
- System settings and validation
- FCCS architecture and business process setup
Data Integration and Reporting22%- Data forms and valid intersections
- Financial reporting and dashboards
- Data loading and integration configuration
- EPM Automate and application maintenance
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%- Supplemental Data setup
- Journal creation, approval and posting
- Approval units and workflow
- Task Manager configuration

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

  • A. FX Rates - Average
  • B. FX Rates - Ending
  • C. FX Rates - None
  • D. FX Rates - Historical
  • E. FX Rates - Opening
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Explanation: Only visible for GetValidTest members. You can sign-up / login (it's free).

Question #2

Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

  • A. Opening Rate
  • B. Average Rate
  • C. Local Rate
  • D. Ending Rate
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for GetValidTest members. You can sign-up / login (it's free).

Question #3

Which customization can you perform on the Navigation Flows page?

  • A. Add or Hide cards.
  • B. Select a data form to display at start up based on user group.
  • C. Select a color scheme.
  • D. Set a default POV by user group.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

  • A. FCCS Entity Total
  • B. FCCS Contribution
  • C. FCCS Entity Consolidation
  • D. FCCS Totallnput And Adisuted
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

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 Bottom Up template when setting up the Approval Unit hierarchy.
  • B. Select the Consolidation template when setting up the Approval Unit hierarchy.
  • C. Delete the default Approval Unit hierarchy.
  • D. Select users with the Service Administrator security role.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for GetValidTest members. You can sign-up / login (it's free).

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