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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Application Setup and Configuration | 28% | - System settings and validation - FCCS architecture and business process setup - Security setup and role assignment - Dimension management and metadata configuration |
| Data Integration and Reporting | 22% | - Data loading and integration configuration - Financial reporting and dashboards - Data forms and valid intersections - EPM Automate and application maintenance |
| Consolidation Process and Logic | 28% | - Consolidation workflow and balance calculation - Currency translation and exchange rates - Intercompany eliminations and adjustments - Ownership management and consolidation methods |
| Close Process and Journal Management | 22% | - Supplemental Data setup - Task Manager configuration - Approval units and workflow - Journal creation, approval and posting |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Question 1
Which statement correctly describes what happens to parent entities during consolidation?
A. 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
B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C. The changes in the relational database are synced to the underlying Essbase cube.
D. 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.
Question 2
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 Task Manager rule.
C. Create a valid intersection rule.
D. Create a Groovy rule.
Question 3
Which two are members in the Consolidation dimension? (Choose two.)
A. FCCS Total input And Adjusted
B. FCCS Entity Input
C. FCCS Proportion
D. FCCS Data Input
Question 4
You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)
A. Grant the data input users Write access to the dimension members used on the form.
B. Select level 0 dimension members for POV\ rows, and columns. www*'
C. Set the currency on the form to Parent Currency.
D. Set the consolidation member on the form to FCCS Entity Input.
E. In the member selection for Entity, do not include shared entities; include only primary instances of entities.
Question 5
Which two statements about the Copy Data function are true? (Choose two.)
A. When you select the Regular Data option, journals data is included.
B. You cannot select which Account members to copy.
C. You can select which Consolidation dimension member to copy.
D. You can copy data for historical rate and amount overrides.
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: B,C | Question 4 Answer: A,B,D | Question 5 Answer: C,D |
