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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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.


2. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Target application
B) Data tile name
C) Member mappings
D) Scenario


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 two statements are true about the Multi-GAAP feature? (Choose two.)

A) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
B) Select this option if you need to report your financial statements only in IFRS.
C) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
D) You must specify a prefix for entities that use the alternate gap standard.


5. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Configurable Consolidation rule.
B) Create a valid intersection rule.
C) Create a Task Manager rule.
D) Create a Groovy rule.


Solutions:

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

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