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: Sep 15, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Section	Objectives
Reporting and Analysis	- Financial reporting tools 1. Financial reports and Smart View 2. Data analysis and validation reporting
FCCS Application Configuration	- Application setup and configuration 1. Creating and configuring FCCS applications 2. Defining consolidation methods and settings
Data Integration and Loading	- Data management processes 1. Data loading methods and mappings 2. Data validation and transformation
Security and Access Management	- User roles and permissions 1. Access control for data and metadata 2. Security configuration in FCCS
Metadata and Dimensions	- Metadata management 1. Loading and maintaining metadata 2. Validation and hierarchy design - Core dimensions 1. Account, Entity, Scenario, Version 2. Movement, Intercompany, Data Source
Consolidation Process	- Financial consolidation execution 1. Elimination and ownership processing 2. Consolidation rules and calculations 3. Currency translation
Close Process Management	- Period close activities 1. Task lists and workflow management 2. Monitoring and reconciliation processes
Journals and Adjustments	- Manual and automated journals 1. Journal creation and posting 2. Adjustment entries and validation

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
C. Translated values for Closing Balance are adjusted to the ending rate for the period.
D. Values for Opening Balance are retrieved from the prior period's Closing Balance.

Reveal Solution Discussion 0

Correct Answer: C,D 🗳️