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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data Integration and Reporting22%- EPM Automate and application maintenance
- Data loading and integration configuration
- Data forms and valid intersections
- Financial reporting and dashboards
Topic 2: Consolidation Process and Logic28%- Consolidation workflow and balance calculation
- Currency translation and exchange rates
- Intercompany eliminations and adjustments
- Ownership management and consolidation methods
Topic 3: Application Setup and Configuration28%- System settings and validation
- FCCS architecture and business process setup
- Security setup and role assignment
- Dimension management and metadata configuration
Topic 4: Close Process and Journal Management22%- Journal creation, approval and posting
- Approval units and workflow
- Task Manager configuration
- Supplemental Data setup

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) Read
B) None
C) Comment
D) Write


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

A) Scenario
B) Account
C) Data Source (Entity)
D) Period
E) Year


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

A) Journal Input Currencies
B) Default Currency
C) Reporting Currencies
D) Parent Currency
E) Input Currencies
F) Entity Currency


4. Which two statements are true about Enterprise Journals? (Choose two.)

A) You cannot deploy Enterprise Journals to a period with Pending status.
B) Line items can only include entities that have been enabled for Enterprise Journals.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You can assign a team as preparer or reviewer.


5. Which statement correctly describes what happens to parent entities during consolidation?

A) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
B) The changes in the relational database are synced to the underlying Essbase cube.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities


Solutions:

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

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