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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Application Setup and Configuration | 28% | - Security setup and role assignment - System settings and validation - Dimension management and metadata configuration - FCCS architecture and business process setup |
| Topic 2: Close Process and Journal Management | 22% | - Approval units and workflow - Supplemental Data setup - Task Manager configuration - Journal creation, approval and posting |
| Topic 3: Data Integration and Reporting | 22% | - EPM Automate and application maintenance - Data loading and integration configuration - Financial reporting and dashboards - Data forms and valid intersections |
| Topic 4: Consolidation Process and Logic | 28% | - Intercompany eliminations and adjustments - Ownership management and consolidation methods - Currency translation and exchange rates - Consolidation workflow and balance calculation |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)
- A. Year
- B. Period
- C. Entity
- D. Account
- E. Scenario
Correct Answer: A,B 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
What is the result of enabling the Calculate Movements system rule?
- A. Level 0 movement members become read only in web forms, and must be populated through data load.
- B. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
- C. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
- D. Closing Balance is aggregated from Opening Balance and the current period's movement value.
Correct Answer: D 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- B. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- C. Translated values for Closing Balance are adjusted to the ending rate for the period.
- D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
Correct Answer: C,D 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
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 Groovy rule.
- C. Create a Task Manager rule.
- D. Create a valid intersection rule.
Correct Answer: B 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?
- A. The ICP dimension is omitted.
- B. An extra custom dimension is available.
- C. Data can be stored by the intercompany partner but no eliminations occur.
- D. The FCCS No Intercompany member of the ICP dimension is used for all data.
Correct Answer: A 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
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