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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Reporting and Dashboards | - Create dashboards and data forms - Design reports using Financial Reporting Studio |
| Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension uses a separate member for data from an entity's level-zero descendants.
- C. The dimension contains members to store non-controlling interest and joint venture data.
- D. The dimension allows users to view data in the parent currency.
Correct Answer: B 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
- A. FCCS Contribution
- B. FCCS Entity Total
- C. FCCS Totallnput And Adisuted
- D. FCCS Entity Consolidation
Correct Answer: D 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which statement is FALSE regarding establishing security for Financial Consolidation and Close?
- A. Security can be disabled for any dimension.
- B. All members are accessible for dimensions with no security applied.
- C. Security is mandatory for one dimension.
- D. Security can be assigned at a parent level.
- E. The Identity Domain Administrator inherits full access privileges.
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Translated values for Closing Balance are adjusted to the ending rate for the period.
- B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
Correct Answer: A,D 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which statement is true about an approval process with the Phase Dependency option enabled?
- A. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
- B. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
- C. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
- D. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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