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

1z0-1081-23 pass collection

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Sep 14, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Close Process and Journal Management22%- Journal creation, approval and posting
- Supplemental Data setup
- Task Manager configuration
- Approval units and workflow
Topic 2: Data Integration and Reporting22%- EPM Automate and application maintenance
- Financial reporting and dashboards
- Data forms and valid intersections
- Data loading and integration configuration
Topic 3: Consolidation Process and Logic28%- Consolidation workflow and balance calculation
- Ownership management and consolidation methods
- Currency translation and exchange rates
- Intercompany eliminations and adjustments
Topic 4: Application Setup and Configuration28%- Security setup and role assignment
- Dimension management and metadata configuration
- System settings and validation
- FCCS architecture and business process setup

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

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 copy data for historical rate and amount overrides.
  • C. You cannot select which Account members to copy.
  • D. You can select which Consolidation dimension member to copy.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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

Question #2

Which statement is FALSE about the Equity Pickup feature?

  • A. Equity Pickup rules run as part of the consolidation process
  • B. Seeded rule sets are provided for Equity Pickup.
  • C. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
  • D. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Which two statements are true about Enterprise Journals? (Choose two.)

  • A. Line items can only include entities that have been enabled for Enterprise Journals.
  • B. You can assign a team as preparer or reviewer.
  • C. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
  • D. You cannot deploy Enterprise Journals to a period with Pending status.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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

Question #4

For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

  • A. Year
  • B. Period
  • C. Entity
  • D. Data Source
  • E. Consolidation
  • F. Scenario
Reveal Solution  Discussion  0

Correct Answer: A,B,C,F  🗳️

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

Question #5

In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

  • A. Member mappings
  • B. Data tile name
  • C. Target application
  • D. Scenario
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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

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