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Updated: Sep 01, 2026

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Oracle 1z0-1081-23 Exam Overview:

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/

Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Metadata and Dimensions- Metadata management
  • 1. Validation and hierarchy design
    • 2. Loading and maintaining metadata
      - Core dimensions
      • 1. Account, Entity, Scenario, Version
        • 2. Movement, Intercompany, Data Source
          Security and Access Management- User roles and permissions
          • 1. Security configuration in FCCS
            • 2. Access control for data and metadata
              Data Integration and Loading- Data management processes
              • 1. Data validation and transformation
                • 2. Data loading methods and mappings
                  Close Process Management- Period close activities
                  • 1. Monitoring and reconciliation processes
                    • 2. Task lists and workflow management
                      Consolidation Process- Financial consolidation execution
                      • 1. Elimination and ownership processing
                        • 2. Currency translation
                          • 3. Consolidation rules and calculations
                            FCCS Application Configuration- Application setup and configuration
                            • 1. Defining consolidation methods and settings
                              • 2. Creating and configuring FCCS applications
                                Journals and Adjustments- Manual and automated journals
                                • 1. Journal creation and posting
                                  • 2. Adjustment entries and validation
                                    Reporting and Analysis- Financial reporting tools
                                    • 1. Financial reports and Smart View
                                      • 2. Data analysis and validation reporting

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        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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