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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. Where do you set the Intercompany Entities Aggregation option?

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


                                        2. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

                                        A) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
                                        B) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
                                        C) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
                                        D) Calculations, dashboards, and reports to provide analysis for cash flow modeling


                                        3. Which two are members in the Consolidation dimension? (Choose two.)

                                        A) FCCS Total input And Adjusted
                                        B) FCCS Proportion
                                        C) FCCS Data Input
                                        D) FCCS Entity Input


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

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


                                        5. 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


                                        Solutions:

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

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