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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Oct 30, 2026
  • Q&As: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Close Process and Journal Management22%- Journal creation, approval and posting
- Supplemental Data setup
- Task Manager configuration
- Approval units and workflow
Data Integration and Reporting22%- Data forms and valid intersections
- EPM Automate and application maintenance
- Data loading and integration configuration
- Financial reporting and dashboards
Consolidation Process and Logic28%- Ownership management and consolidation methods
- Currency translation and exchange rates
- Consolidation workflow and balance calculation
- Intercompany eliminations and adjustments
Application Setup and Configuration28%- Security setup and role assignment
- Dimension management and metadata configuration
- FCCS architecture and business process setup
- System settings and validation

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

Which statement correctly describes the Consolidation dimension?

  • A. The dimension allows users to view data in the parent currency.
  • B. The dimension allows users to see input versus journal adjustment data.
  • C. The dimension uses a separate member for data from an entity's level-zero descendants.
  • D. The dimension contains members to store non-controlling interest and joint venture data.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

Question #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
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

Question #3

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. Write
  • B. None
  • C. Comment
  • D. Read
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

Question #4

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

  • A. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
  • B. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
  • C. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
  • D. Calculations, dashboards, and reports to provide analysis for cash flow modeling
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

Question #5

Which two statements about the Copy Data function are true? (Choose two.)

  • A. When you select the Regular Data option, journals data is included.
  • B. You can select which Consolidation dimension member to copy.
  • C. You can copy data for historical rate and amount overrides.
  • D. You cannot select which Account members to copy.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

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