Oracle : 1z0-1081-23 Questions & Answers
Updated: Aug 06, 2026
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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Data Integration and Loading | - Data management processes
|
| Consolidation Process | - Financial consolidation execution
|
| Reporting and Analysis | - Financial reporting tools
|
| Journals and Adjustments | - Manual and automated journals
|
| FCCS Application Configuration | - Application setup and configuration
|
| Metadata and Dimensions | - Metadata management
|
| Close Process Management | - Period close activities
|
| Security and Access Management | - User roles and permissions
|
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?
A) View
B) Period, Year, and View
C) Period and Year
D) Period
2. Which statement correctly describes what happens to parent entities during consolidation?
A) The changes in the relational database are synced to the underlying Essbase cube.
B) 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
C) 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.
D) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
3. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?
A) You can include the inbox and outbox contents in the clone.
B) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C) You can include Data Management artifacts in the clone.
D) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
4. Which statement about Opening Balance Override rules is true?
A) They are available only if Intercompany Data with Tracking is enabled for the business process.
B) You can select which entities to include in the rule scope.
C) You can select which accounts to include in the rule scope.
D) Opening Balance Override rules execute for the first period in the year only.
5. The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
A) PQR
B) No elimination is performed, because H 1 and P 1 do not have the same parent.
C) Hickory and Paducah
D) H 1 and P 2
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
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