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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
      Consolidation Process- Financial consolidation execution
      • 1. Currency translation
        • 2. Consolidation rules and calculations
          • 3. Elimination and ownership processing
            FCCS Application Configuration- Application setup and configuration
            • 1. Creating and configuring FCCS applications
              • 2. Defining consolidation methods and settings
                Reporting and Analysis- Financial reporting tools
                • 1. Data analysis and validation reporting
                  • 2. Financial reports and Smart View
                    Journals and Adjustments- Manual and automated journals
                    • 1. Journal creation and posting
                      • 2. Adjustment entries and validation
                        Security and Access Management- User roles and permissions
                        • 1. Security configuration in FCCS
                          • 2. Access control for data and metadata
                            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 two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

                                        • A. The default currency of the child is different from the default currency of the parent.
                                        • B. The child entity is NOT a shared entity.
                                        • C. Reporting currencies have been defined in the Currency dimension.
                                        • D. To specify exchange rates you must set up multiple currencies when creating an application.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

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

                                        Question #2

                                        Which statement about Opening Balance Override rules is true?

                                        • A. You can select which accounts to include in the rule scope.
                                        • B. Opening Balance Override rules execute for the first period in the year only.
                                        • C. You can select which entities to include in the rule scope.
                                        • D. They are available only if Intercompany Data with Tracking is enabled for the business process.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

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

                                        Question #3

                                        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 #4

                                        When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

                                        • A. Consolidation
                                        • B. Account
                                        • C. Movement
                                        • D. View
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,D  🗳️

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

                                        Question #5

                                        Which four items are included in the Currency dimension? (Choose four.)

                                        • A. Reporting Currencies
                                        • B. Journal Input Currencies
                                        • C. Entity Currency
                                        • D. Input Currencies
                                        • E. Default Currency
                                        • F. Parent Currency
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,B,C,D  🗳️

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

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