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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
| Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Dimension and Metadata Management | - Manage dimensions and hierarchies - Import and edit members |
| Overview of Financial Consolidation and Close | - Consolidation and close process architecture - Overview of FCCS features |
| Reporting and Dashboards | - Create dashboards and data forms - Design reports using Financial Reporting Studio |
| Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. 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) Consolidation
B) Journal
C) Intercompany
D) Financial
2. Where do you set the Intercompany Entities Aggregation option?
A) In the member properties of the Intercompany Top member
B) In the Setup Wizard during business process creation
C) On the Properties page of the Intercompany dimension
D) In the member properties of the Intercompany Entities member
3. Which statement is FALSE about running consolidations?
A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
4. What action requires refreshing the database?
A) You change the ownership percentage for an entity.
B) You edit the alias for a member in the Entity dimension.
C) You deploy a new Configurable Calculation rule in Calculation Manager.
D) You edit the Consolidation Operator for a member in the Account dimension.
5. Which statement correctly describes the Consolidation dimension?
A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension allows users to view data in the parent currency.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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