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The Oracle 1Z0-1081-20 exam is available to candidates who meet the prerequisites, which includes having prior expertise in accounting principles and financial reporting standards. The ideal candidate should also possess fundamental knowledge in Oracle Financial Close and Consolidation (FCC) Cloud and overall business knowledge of enterprise accounting principles. Additionally, candidates need to have hands-on experience working with Oracle FCC Cloud, as this will aid them in understanding the features and functionalities of the software.

Oracle 1Z0-1081-20 certification is highly valued in the finance industry as it demonstrates the candidate's expertise in financial consolidation and close management applications using Oracle EPM Cloud. It also opens up various job opportunities for professionals who specialize in finance, including financial analysts, financial controllers, and financial managers.

Reference: https://education.oracle.com/oracle-financial-consolidation-and-close-2020-implementation-essentials/pexam_1Z0-1081-20

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Oracle 1Z0-1081-20 exam is intended for professionals who work as financial analysts, finance managers, and business analysts. It is also suitable for those who work as consultants or are responsible for implementing FCC in their organizations. 1Z0-1081-20 exam tests the candidate's knowledge of FCC architecture, the FCC consolidation process, and the FCC close process. It also covers the various FCC reporting tools and features, such as reports, dashboards, and analysis tools.

To prepare for the Oracle 1Z0-1081-20 exam, candidates can take advantage of a range of resources, including training courses, study materials, and practice exams. Oracle offers a range of training courses that cover the topics and skills measured by the exam, as well as online study materials and practice exams. Candidates can also find a range of third-party study materials and practice exams that can help them prepare for the exam. With the right preparation and study, candidates can pass the Oracle 1Z0-1081-20 exam and demonstrate their expertise in implementing Oracle Financial Consolidation and Close solutions.

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Oracle 1Z0-1081-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Consolidation Process- Close process management
  • 1. Elimination rules and consolidation logic
    • 2. Currency translation
      Topic 2: Application Configuration- Application settings
      • 1. Consolidation configuration
        • 2. Currency and time settings
          - Metadata setup
          • 1. Dimensions and hierarchies
            • 2. Custom attributes and properties
              Topic 3: Data Integration and Loading- Data import processes
              • 1. Data validation and reconciliation
                • 2. Data loading methods and formats
                  Topic 4: Security and Access Management- User roles and provisioning
                  • 1. Security filters and data access
                    • 2. Access control in FCCS
                      Topic 5: Reporting and Analysis- Financial reporting tools
                      • 1. Smart View usage
                        • 2. Financial reports generation
                          Topic 6: FCCS Overview and Architecture- Oracle Cloud EPM Fundamentals
                          • 1. Financial Consolidation and Close (FCCS) concepts
                            • 2. System architecture and components
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