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Oracle 1z0-1081-23 real answers - 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: Jul 29, 2026
  • Q & A: 60 Questions and Answers
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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Overview of Financial Consolidation and Close- Overview of FCCS features
- Consolidation and close process architecture
Task and Data Management- Data import, export, and integrations
- Manage close process using Task Manager
Dimension and Metadata Management- Manage dimensions and hierarchies
- Import and edit members
Consolidation and Close Execution- Run consolidations and currency translation
- Intercompany eliminations and adjustments
Reporting and Dashboards- Create dashboards and data forms
- Design reports using Financial Reporting Studio
Setup and Configuration- Application setup and business process configuration
- Security configuration and user roles

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Where do you set the Intercompany Entities Aggregation option?

A) On the Properties page of the Intercompany dimension
B) In the member properties of the Intercompany Top member
C) In the Setup Wizard during business process creation
D) In the member properties of the Intercompany Entities member


2. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) Selecting the primary instance of a member does not include shared members.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.


3. Which statement is FALSE about Task Manager schedules?

A) You can re-open a schedule that has been locked.
B) You can still add tasks to a schedule that has been closed.
C) To start all the tasks in a schedule, you must change the status from Pending to Open.
D) Users can still complete tasks in a schedule that has been closed.


4. Which two are members in the Consolidation dimension? (Choose two.)

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


5. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) All members are accessible for dimensions with no security applied.
B) Security can be disabled for any dimension.
C) Security can be assigned at a parent level.
D) Security is mandatory for one dimension.
E) The Identity Domain Administrator inherits full access privileges.


Solutions:

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

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