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Oracle 1Z0-1081-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2020 Implementation Essentials
Exam Number:1Z0-1081-20
Exam Format:Scenario-based Questions, Multiple Choice
Exam Duration:90 minutes
Available Languages:English
Related Certifications:Oracle Cloud Enterprise Performance Management (EPM) Certifications
Oracle Financial Consolidation and Close Cloud Service Implementation Specialist
Recommended Training:Oracle Cloud EPM Learning Path
Oracle University FCCS Training
Exam Registration:Oracle Certification Registration
Pearson VUE Oracle Exams
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or onsite via Pearson VUE testing centers
Pre Condition:Basic understanding of Oracle Cloud EPM and financial consolidation concepts is recommended.
Official Syllabus URL:https://education.oracle.com

Oracle 1Z0-1081-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Analysis- Financial reporting tools
  • 1. Smart View usage
    • 2. Financial reports generation
      Topic 2: Application Configuration- Application settings
      • 1. Consolidation configuration
        • 2. Currency and time settings
          - Metadata setup
          • 1. Custom attributes and properties
            • 2. Dimensions and hierarchies
              Topic 3: Security and Access Management- User roles and provisioning
              • 1. Security filters and data access
                • 2. Access control in FCCS
                  Topic 4: Data Integration and Loading- Data import processes
                  • 1. Data validation and reconciliation
                    • 2. Data loading methods and formats
                      Topic 5: Consolidation Process- Close process management
                      • 1. Currency translation
                        • 2. Elimination rules and consolidation logic
                          Topic 6: FCCS Overview and Architecture- Oracle Cloud EPM Fundamentals
                          • 1. System architecture and components
                            • 2. Financial Consolidation and Close (FCCS) concepts

                              1Z0-1081-20 Exam Guide: What You Need to Know

                              The official training options for 1Z0-1081-20 exam candidates include:

                              Official courses cover the theory; self-paced practice questions cover the application. Together they make a complete preparation loop.

                              Basic understanding of Oracle Cloud EPM and financial consolidation concepts is recommended.

                              The official outline organizes the 1Z0-1081-20 exam into weighted domains such as:

                              • Security and Access Management ()
                              • FCCS Overview and Architecture ()
                              • Reporting and Analysis ()

                              The Oracle Financial Consolidation and Close 2020 Implementation Essentials practice questions at ActualTestsQuiz follow this same objective map, so every hour of review lands on exam-relevant ground.

                              The 1Z0-1081-20 exam is the official assessment for the Oracle Financial Consolidation and Close 2020 Implementation Essentials certification from Oracle. It verifies that you can apply the published exam objectives to practical scenarios, and the resulting credential showcases your capacity in a way employers immediately recognize — a concrete step in any all-round self-improvement plan.

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                              Yes, by design. Payments for the Oracle Financial Consolidation and Close 2020 Implementation Essentials materials go through an established, secure payment platform, so your card data is protected by the gateway itself. Your personal information — email, address, purchase details — is never leaked or shared with third parties. And if anything does go wrong, the twenty-four-hour support team is there to set it right. A purchase should bring you study materials, not new troubles.

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                              Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions:

                              Question #1

                              If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

                              • A. The Intercompany Alias is not automatically changed to the new Entity Alias.
                              • B. The Intercompany Alias is automatically set to the Intercompany Name.
                              • C. The Intercompany Alias is set to the Entity Name.
                              • D. The Intercompany Alias is automatically changed to the new Entity Alias.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Question #2

                              Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

                              • A. Select Dimensions, then Actions, and then Import Data
                              • B. Select Application, then Overview, then Actions, and then Import Data
                              • C. Select Import, then Actions, and then Data
                              • D. Select Application, then Overview, then Data, and then Export
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Question #3

                              You are required to create a form that allows users to input dat
                              a. Which three actions are consistent with this?

                              • A. Grant the data input users WRITE access to the dimension members used on the form.
                              • B. Set the consolidation member on the form to FCCS_Entity Input.
                              • C. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
                              • D. Select level 0 dimension members for the POV, rows, and columns.
                              • E. Set the currency on the form to Parent Currency.
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B,D  🗳️

                              Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

                              Question #4

                              What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

                              • A. enables the application to include Intercompany data.
                              • B. process will separate total elimination values by Data Source.
                              • C. enables the Elimination member in the Consolidation dimension
                              • D. enables the application to perform Intercompany eliminations
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Question #5

                              You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
                              Where on the form do you define the View dimension and select the correct member?

                              • A. the Point of View
                              • B. a column
                              • C. Other Options section
                              • D. the Page Axis
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

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