Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Updated: Aug 01, 2026
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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Topic 2: Setup and Configuration | - Application setup and business process configuration - Security configuration and user roles |
| Topic 3: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 4: Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
| Topic 5: Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Topic 6: Task and Data Management | - Manage close process using Task Manager - Data import, export, and integrations |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)
A) Average Rate
B) Ending Rate
C) Local Rate
D) Opening Rate
2. Which statement is true of reporting currencies?
A) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
B) All reporting currency members have the suffix Reporting.
C) All input currencies that you add are automatically added as reporting currencies as well.
D) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
3. Which statement correctly describes the Consolidation dimension?
A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension allows users to view data in the parent currency.
D) The dimension allows users to see input versus journal adjustment data.
4. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?
A) The View dimension stores only periodic data.
B) Account is a Sparse dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) You cannot add member formulas to members of the Movement dimension.
5. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
A) FX Rates - None
B) FX Rates - Average
C) FX Rates - Ending
D) FX Rates - Historical
E) FX Rates - Opening
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B,C |
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