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

1z0-1081-23

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Oct 04, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
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
Consolidation and Close Execution- Intercompany eliminations and adjustments
- Run consolidations and currency translation
Task and Data Management- Data import, export, and integrations
- Manage close process using Task Manager
Overview of Financial Consolidation and Close- Overview of FCCS features
- Consolidation and close process architecture
Reporting and Dashboards- Create dashboards and data forms
- Design reports using Financial Reporting Studio

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1
Which two are members in the Consolidation dimension? (Choose two.)

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


Question #2
Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A. Export metadata
B. Run a business rule
C. Import journals
D. Load a data file


Question #3
Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A. Create member formulas.
B. Load data to this account.
C. Load data to this account and create member formulas.
D. Enter data through a data form.


Question #4
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A. Grid
B. Header
C. Footer
D. Chart


Question #5
The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A. Hickory and Paducah
B. H 1 and P 2
C. PQR
D. No elimination is performed, because H 1 and P 1 do not have the same parent.


Solutions:

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

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