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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Access Management | - User roles and permissions
|
| Journals and Adjustments | - Manual and automated journals
|
| Metadata and Dimensions | - Core dimensions
|
| Close Process Management | - Period close activities
|
| Reporting and Analysis | - Financial reporting tools
|
| Data Integration and Loading | - Data management processes
|
| Consolidation Process | - Financial consolidation execution
|
| FCCS Application Configuration | - Application setup and configuration
|
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Question 1
Which statement is true of journals created from Recurring templates?
A. The initial status of journals created from Recurring templates is Approved.
B. The line items in journals created from Recurring templates are read only.
C. The initial status of journals created from Recurring templates is Posted.
D. Journals for recurring templates are created automatically when you open a period for journals.
Question 2
Which two statements are true about the Multi-GAAP feature? (Choose two.)
A. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
B. You must specify a prefix for entities that use the alternate gap standard.
C. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
D. Select this option if you need to report your financial statements only in IFRS.
Question 3
Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?
A. Write
B. Read
C. None
D. Comment
Question 4
Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?
A. The parent entity has a different currency than the child.
B. An intercompany elimination was performed.
C. An ownership percentage for the entity other than 100 was entered.
D. A rate was entered into the FCCS Rate Override account.
Question 5
Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?
A. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
B. Calculations, dashboards, and reports to provide analysis for cash flow modeling
C. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
Solutions:
| Question 1 Answer: D | Question 2 Answer: A,C | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: A |
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