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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 2: Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
| Topic 3: Dimension and Metadata Management | - Manage dimensions and hierarchies - Import and edit members |
| Topic 4: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Topic 5: Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Topic 6: Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
A) There is no reason to consolidate years sequentially.
B) Each period in the year must consolidate separately.
C) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D) Parent account calculations depend on the sequencing.
2. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)
A) Control
B) Minority Interest Percentage
C) Consolidation Method
D) Ownership Percentage
E) Consolidation Percentage
3. Which statement is true of journals created from Recurring templates?
A) The line items in journals created from Recurring templates are read only.
B) The initial status of journals created from Recurring templates is Approved.
C) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Posted.
4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?
A) Security can be disabled for any dimension.
B) Security can be assigned at a parent level.
C) The Identity Domain Administrator inherits full access privileges.
D) All members are accessible for dimensions with no security applied.
E) Security is mandatory for one dimension.
5. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?
A) Read
B) None
C) Write
D) Comment
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D,E | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |







