Updated: Sep 01, 2026
No. of Questions: 60 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Related Certifications: | Oracle Cloud EPM Certifications Oracle Financial Consolidation and Close Implementation Associate |
| Real Exam Qty: | 50-60 (typical Oracle professional-level exam range; not officially disclosed) |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 (may vary by region) |
| Certificate Validity Period: | Not publicly specified (Oracle certification validity may vary by program update) |
| Available Languages: | English |
| Exam Format: | Multiple Response, Multiple Choice |
| Recommended Training: | Oracle University FCCS Training Catalog |
| Exam Registration: | Oracle Certification Portal |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Online proctored exam via Oracle Certification platform |
| Pre Condition: | Recommended knowledge of Oracle Cloud EPM Financial Consolidation and Close and basic financial consolidation concepts |
| Official Syllabus URL: | https://education.oracle.com/ |
| Section | Objectives |
|---|---|
| Metadata and Dimensions | - Metadata management
|
| Security and Access Management | - User roles and permissions
|
| Data Integration and Loading | - Data management processes
|
| Close Process Management | - Period close activities
|
| Consolidation Process | - Financial consolidation execution
|
| FCCS Application Configuration | - Application setup and configuration
|
| Journals and Adjustments | - Manual and automated journals
|
| Reporting and Analysis | - Financial reporting tools
|
Question 1
Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
A. FX Rates - Average
B. FX Rates - None
C. FX Rates - Opening
D. FX Rates - Historical
E. FX Rates - Ending
Question 2
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
A. Financial
B. Journal
C. Intercompany
D. Consolidation
Question 3
In Data Integration, for what purpose do you use Workbench?
A. To edit the data load file format
B. To review mapping of source to target members
C. To configure data load options
D. To define dimension mapping
Question 4
For which task categories is Audit enabled by default?
A. No task categories
B. All task categories
C. Data only
D. Journals
Question 5
You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)
A. Select level 0 dimension members for POV\ rows, and columns. www*'
B. Set the consolidation member on the form to FCCS Entity Input.
C. Set the currency on the form to Parent Currency.
D. Grant the data input users Write access to the dimension members used on the form.
E. In the member selection for Entity, do not include shared entities; include only primary instances of entities.
Solutions:
| Question 1 Answer: A,E | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: A,B,D |
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