Prepare with Oracle 1z0-1081-23 exam practice material, pass for sure
Updated: Sep 02, 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 |
| Real Exam Qty: | 55-60 |
| Certificate Validity Period: | 24 months |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Related Certifications: | Oracle Cloud Enterprise Performance Management |
| Passing Score: | 66% |
| Exam Duration: | 90 minutes |
| Exam Format: | Scenario-based Questions, Multiple Choice |
| 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: Consolidation Process and Logic | 28% | - Ownership management and consolidation methods - Currency translation and exchange rates - Intercompany eliminations and adjustments - Consolidation workflow and balance calculation |
| Topic 2: Data Integration and Reporting | 22% | - EPM Automate and application maintenance - Data forms and valid intersections - Data loading and integration configuration - Financial reporting and dashboards |
| Topic 3: Close Process and Journal Management | 22% | - Approval units and workflow - Journal creation, approval and posting - Supplemental Data setup - Task Manager configuration |
| Topic 4: Application Setup and Configuration | 28% | - Dimension management and metadata configuration - System settings and validation - Security setup and role assignment - FCCS architecture and business process setup |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Question 1
Which statement is FALSE about running consolidations?
A. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
B. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
Question 2
Where do you set the Intercompany Entities Aggregation option?
A. On the Properties page of the Intercompany dimension
B. In the member properties of the Intercompany Entities member
C. In the member properties of the Intercompany Top member
D. In the Setup Wizard during business process creation
Question 3
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
A. Grid
B. Chart
C. Footer
D. Header
Question 4
Which two statements are true about Enterprise Journals? (Choose two.)
A. Line items can only include entities that have been enabled for Enterprise Journals.
B. You can assign a team as preparer or reviewer.
C. You cannot deploy Enterprise Journals to a period with Pending status.
D. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
Question 5
For which scenario would an On-Demand rule be an appropriate solution?
A. To import data into a form or Smart View worksheet
B. To perform a custom currency translation for a subset of accounts
C. To add a column with a calculation to a report
D. To allocate data to base entities prior to consolidation
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: A,B | Question 4 Answer: A,B | Question 5 Answer: B |
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