Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Consolidation Process and Logic | 28% | - Ownership management and consolidation methods - Intercompany eliminations and adjustments - Currency translation and exchange rates - Consolidation workflow and balance calculation |
| Topic 2: Application Setup and Configuration | 28% | - Security setup and role assignment - System settings and validation - FCCS architecture and business process setup - Dimension management and metadata configuration |
| Topic 3: Data Integration and Reporting | 22% | - Data loading and integration configuration - Financial reporting and dashboards - EPM Automate and application maintenance - Data forms and valid intersections |
| Topic 4: Close Process and Journal Management | 22% | - Task Manager configuration - Journal creation, approval and posting - Supplemental Data setup - Approval units and workflow |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which statement correctly describes the Consolidation dimension?
- A. The dimension uses a separate member for data from an entity's level-zero descendants.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension allows users to see input versus journal adjustment data.
- D. The dimension allows users to view data in the parent currency.
Correct Answer: A 🗳️
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Where do you set the Intercompany Entities Aggregation option?
- A. In the member properties of the Intercompany Entities member
- B. In the Setup Wizard during business process creation
- C. On the Properties page of the Intercompany dimension
- D. In the member properties of the Intercompany Top member
Correct Answer: A 🗳️
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Which three dimensions can be included in an approval group? (Choose three.)
- A. Entity
- B. Multi-GAAP
- C. Movement
- D. Scenario
- E. Account
Correct Answer: A,D,E 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
Where do you set the Intercompany Entities Aggregation option?
- A. In the member properties of the Intercompany Entities member
- B. In the Setup Wizard during business process creation
- C. On the Properties page of the Intercompany dimension
- D. In the member properties of the Intercompany Top member
Correct Answer: A 🗳️
Which two statements are true about Enterprise Journals? (Choose two.)
- A. You cannot deploy Enterprise Journals to a period with Pending status.
- B. Line items can only include entities that have been enabled for Enterprise Journals.
- C. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
- D. You can assign a team as preparer or reviewer.
Correct Answer: B,D 🗳️
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