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Oracle 1z0-1081-23 : Oracle Financial Consolidation and Close 2023 Implementation Professional

1z0-1081-23 real exams

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Jul 21, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To allocate data to base entities prior to consolidation
B) To perform a custom currency translation for a subset of accounts
C) To add a column with a calculation to a report
D) To import data into a form or Smart View worksheet


2. Which statement is FALSE about Task Manager schedules?

A) To start all the tasks in a schedule, you must change the status from Pending to Open.
B) You can re-open a schedule that has been locked.
C) Users can still complete tasks in a schedule that has been closed.
D) You can still add tasks to a schedule that has been closed.


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

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


4. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Posted.
B) The line items in journals created from Recurring templates are read only.
C) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Approved.


5. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Entity
B) Year
C) Scenario
D) Account
E) Period


Solutions:

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

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