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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Overview of Financial Consolidation and Close | - Consolidation and close process architecture - Overview of FCCS features |
| Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Dimension and Metadata Management | - Manage dimensions and hierarchies - Import and edit members |
| Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
| Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. 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
2. Which statement about Opening Balance Override rules is true?
A) You can select which accounts to include in the rule scope.
B) You can select which entities to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) Opening Balance Override rules execute for the first period in the year only.
3. In the approval process, which four dimensions constitute an approval unit? (Choose four.)
A) Account
B) Period
C) Data Source (Entity)
D) Year
E) Scenario
4. In Data Integration, for what purpose do you use Workbench?
A) To configure data load options
B) To define dimension mapping
C) To review mapping of source to target members
D) To edit the data load file format
5. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
A) Parent account calculations depend on the sequencing.
B) Each period in the year must consolidate separately.
C) There is no reason to consolidate years sequentially.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B,C,D,E | Question # 4 Answer: C | Question # 5 Answer: D |
