Oracle 1z1-1081 : Oracle Financial Consolidation and Close 2019 Implementation Essentials

1z1-1081 pass collection

Exam Code: 1z1-1081

Exam Name: Oracle Financial Consolidation and Close 2019 Implementation Essentials

Updated: Oct 16, 2026

Q & A: 86 Questions and Answers

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About Oracle 1z1-1081 Exam

A certification from Oracle still turns heads on a resume. The 1z1-1081 exam is your way in, and ExamCost gives you 86 practice questions aligned with the Oracle Financial Consolidation and Close 2019 Implementation Essentials objectives to get you there.

Oracle 1z1-1081 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2021 Implementation Essentials
Exam Number:1Z0-1081-21
Available Languages:English
Exam Format:Multiple Choice
Related Certifications:Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist
Exam Price:$245 USD
Certificate Validity Period:Oracle Cloud certifications remain current according to Oracle Certification policy
Passing Score:66%
Real Exam Qty:60
Exam Duration:90 minutes
Sample Questions:Free Download 1z1-1081 exam cost
Exam Way:Pearson VUE Test Center or Oracle Online Proctored Exam
Pre Condition:No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle EPM Cloud and Financial Consolidation and Close.
Official Syllabus URL:https://education.oracle.com/oracle-financial-consolidation-and-close-2021-certified-implementation-specialist/trackp_FCC2021

Oracle 1z1-1081 Exam Syllabus Topics:

SectionObjectives
Financial Consolidation and Close Overview- FCCS Fundamentals
  • 1. Describe Financial Consolidation and Close Features
  • 2. Identify Business Process Capabilities
  • 3. Understand FCCS Architecture and Navigation
Manage Dimensions- Dimension Management
  • 1. Create and Maintain Metadata
  • 2. Manage Dimension Members and Attributes
  • 3. Configure Custom Dimensions
Managing Business Process Data- Data Management
  • 1. Perform Data Validation
  • 2. Audit and Monitor Data Changes
  • 3. Manage Data Forms
Set Up the Financial Consolidation and Close Business Process- Application Configuration
  • 1. Configure System Settings
  • 2. Create and Configure FCCS Applications
  • 3. Manage Security and User Access
Integrate Data from Source Systems Using Data Management- Data Integration
  • 1. Load and Validate Data
  • 2. Configure Data Management
  • 3. Map Source and Target Data
Set Up Advanced Consolidations- Advanced Configuration
  • 1. Configure Ownership Management
  • 2. Configure Consolidation Rules
  • 3. Customize Translation Rules
Design Reports and Dashboards- Reporting and Analytics
  • 1. Create Financial Reports
  • 2. Use Financial Reporting Studio
  • 3. Build Dashboards
Set Up and Run Consolidations- Consolidation Processing
  • 1. Manage Currency Translation
  • 2. Review Consolidation Results
  • 3. Execute Consolidation Processes
Build Out Your Financial Consolidation and Close Solution- Solution Development
  • 1. Configure Journals
  • 2. Implement Approval Workflows
  • 3. Configure Close Processes and Task Manager

Oracle 1z1-1081 Exam: Frequently Asked Questions

The 1z1-1081 exam is the official exam behind the Oracle Financial Consolidation and Close Cloud Service credential from Oracle. It sits at the Implementation Specialist level of the Oracle certification track. It is also associated with Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist. The ExamCost practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.

The 1z1-1081 exam contains 60 questions and gives you 90 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the ExamCost test engine a week before your exam date to check whether your pacing holds under pressure.

You need 66% to pass the 1z1-1081 exam, and the official registration fee is $245 USD. A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed ExamCost practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.

No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle EPM Cloud and Financial Consolidation and Close.

Requirements can change, so confirm the latest details on the official Oracle exam page before you register.

Yes. A free 1z1-1081 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

Your purchase is protected by our 100% Money Back Guarantee. If you take the 1z1-1081 exam within 60 days of purchase and do not pass, send us a scanned enrollment slip and your official Score Report PDF within two days of the exam; approved refunds are processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to products that were downloaded but never used in an exam sitting, or to free materials and expired orders. If you would rather keep studying, we can instead exchange your order for two free exam products of equal value while your original product keeps its update service. Delivery itself is instant: your download is emailed within one minute of payment and stays available in your member zone, with no limit on how many computers you can install it on. If nothing arrives within two hours, contact our customer service team.

The 1z1-1081 syllabus is divided into 9 domains, including Manage Dimensions, Financial Consolidation and Close Overview, and Design Reports and Dashboards. The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.

Oracle Financial Consolidation and Close 2019 Implementation Essentials Sample Questions:

Question #1

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

  • A. Never Share
  • B. No Rate
  • C. Dynamic
  • D. Dynamic Calc and Store
  • E. Store
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Question #2

Which statement is true regarding Data Management categories?

  • A. Application mapping is not required if the global mapping target category is exactly correct.
  • B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
  • C. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
  • D. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

  • A. System Administrator
  • B. Metadata Administrator
  • C. Metadata Supervisor
  • D. Power User
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

  • A. Plug Account
  • B. Intercompany Account
  • C. Intercompany Entity
  • D. Is Plug Account
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

  • A. The Intercompany Alias is automatically changed to the new Entity Alias.
  • B. The Intercompany Alias is set to the Entity Name.
  • C. The Intercompany Alias is not automatically changed to the new Entity Alias.
  • D. The Intercompany Alias is automatically set to the Intercompany Name.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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