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Updated: Aug 03, 2026
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Oracle 1z0-1081-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Price: | $245 USD |
| Certificate Validity Period: | 24 months |
| Passing Score: | 66% |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Cloud Enterprise Performance Management |
| Available Languages: | English |
| Real Exam Qty: | 55-60 |
| Recommended Training: | Oracle Financial Consolidation and Close 2023 Implementation Training Oracle EPM Cloud Learning Subscription |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Online proctored or onsite testing via Pearson VUE |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle EPM Cloud and FCCS is strongly recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2023-implementation-professional/pexam_1Z0-1081-23 |
Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Close Process and Journal Management | 22% | - Journal creation, approval and posting - Supplemental Data setup - Task Manager configuration - Approval units and workflow |
| Topic 2: Data Integration and Reporting | 22% | - Financial reporting and dashboards - Data forms and valid intersections - Data loading and integration configuration - EPM Automate and application maintenance |
| Topic 3: Application Setup and Configuration | 28% | - Dimension management and metadata configuration - Security setup and role assignment - System settings and validation - FCCS architecture and business process setup |
| Topic 4: Consolidation Process and Logic | 28% | - Intercompany eliminations and adjustments - Currency translation and exchange rates - Consolidation workflow and balance calculation - Ownership management and consolidation methods |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. 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 Opening Balance are retrieved from the prior period's Closing Balance.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.
2. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
A) The child entity is NOT a shared entity.
B) Reporting currencies have been defined in the Currency dimension.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) The default currency of the child is different from the default currency of the parent.
3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
A) Select users with the Service Administrator security role.
B) Delete the default Approval Unit hierarchy.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.
4. Which statement correctly describes the Consolidation dimension?
A) The dimension allows users to see input versus journal adjustment data.
B) The dimension allows users to view data in the parent currency.
C) The dimension uses a separate member for data from an entity's level-zero descendants.
D) The dimension contains members to store non-controlling interest and joint venture data.
5. Which statement correctly describes what happens to parent entities during consolidation?
A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
D) The changes in the relational database are synced to the underlying Essbase cube.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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