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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Consolidation Process and Logic28%- Currency translation and exchange rates
- Consolidation workflow and balance calculation
- Intercompany eliminations and adjustments
- Ownership management and consolidation methods
Topic 2: Close Process and Journal Management22%- Supplemental Data setup
- Approval units and workflow
- Journal creation, approval and posting
- Task Manager configuration
Topic 3: Data Integration and Reporting22%- Financial reporting and dashboards
- EPM Automate and application maintenance
- Data loading and integration configuration
- Data forms and valid intersections
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

You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

  • A. In the member selection for Entity, do not include shared entities; include only primary instances of entities.
  • B. Set the currency on the form to Parent Currency.
  • C. Select level 0 dimension members for POV\ rows, and columns. www*'
  • D. Set the consolidation member on the form to FCCS Entity Input.
  • E. Grant the data input users Write access to the dimension members used on the form.
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

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Question #2

Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

  • A. Ending Rate
  • B. Local Rate
  • C. Opening Rate
  • D. Average Rate
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #3

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

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

Correct Answer: B,C,D,E  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #4

In the approval process, which four dimensions constitute an approval unit? (Choose four.)

  • A. Account
  • B. Period
  • C. Scenario
  • D. Data Source (Entity)
  • E. Year
Reveal Solution  Discussion  0

Correct Answer: B,C,D,E  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #5

Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

  • A. There is no reason to consolidate years sequentially.
  • B. Each period in the year must consolidate separately.
  • C. Parent account calculations depend on the sequencing.
  • D. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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