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Updated: Sep 14, 2026

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Oracle 1z0-1081-23 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2023 Implementation Professional
Exam Number:1Z0-1081-23
Exam Duration:90 minutes
Exam Price:USD 245 (may vary by region)
Real Exam Qty:50-60 (typical Oracle professional-level exam range; not officially disclosed)
Related Certifications:Oracle Financial Consolidation and Close Implementation Associate
Oracle Cloud EPM Certifications
Available Languages:English
Certificate Validity Period:Not publicly specified (Oracle certification validity may vary by program update)
Exam Format:Multiple Choice, Multiple Response
Recommended Training:Oracle University FCCS Training Catalog
Exam Registration:Oracle Certification Portal
Sample Questions:Oracle 1z0-1081-23 Sample Questions
Exam Way:Online proctored exam via Oracle Certification platform
Pre Condition:Recommended knowledge of Oracle Cloud EPM Financial Consolidation and Close and basic financial consolidation concepts
Official Syllabus URL:https://education.oracle.com/

Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        Question #1

                                        Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

                                        • A. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
                                        • B. Calculations, dashboards, and reports to provide analysis for cash flow modeling
                                        • C. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
                                        • D. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                        Question #2

                                        Which two statements about the Copy Data function are true? (Choose two.)

                                        • A. You can select which Consolidation dimension member to copy.
                                        • B. You cannot select which Account members to copy.
                                        • C. You can copy data for historical rate and amount overrides.
                                        • D. When you select the Regular Data option, journals data is included.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                        Question #3

                                        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
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for Actual4Cert 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. Entity
                                        • B. Data Source
                                        • C. Year
                                        • D. Period
                                        • E. Consolidation
                                        • F. Scenario
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C,D,F  🗳️

                                        Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                        Question #5

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

                                        • A. Values for Opening Balance are retrieved from the prior period's Closing Balance.
                                        • B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
                                        • C. Translated values for Closing Balance are adjusted to the ending rate for the period.
                                        • D. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

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