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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - EPM Automate and application maintenance - Financial reporting and dashboards - Data forms and valid intersections - Data loading and integration configuration |
| Topic 2: Close Process and Journal Management | 22% | - Supplemental Data setup - Approval units and workflow - Task Manager configuration - Journal creation, approval and posting |
| Topic 3: Application Setup and Configuration | 28% | - FCCS architecture and business process setup - System settings and validation - Dimension management and metadata configuration - Security setup and role assignment |
| Topic 4: Consolidation Process and Logic | 28% | - Consolidation workflow and balance calculation - Ownership management and consolidation methods - Currency translation and exchange rates - Intercompany eliminations and adjustments |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?
A) The View dimension stores only periodic data.
B) Account is a Sparse dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) You cannot add member formulas to members of the Movement dimension.
2. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?
A) Run a business rule
B) Import journals
C) Load a data file
D) Export metadata
3. Which statement correctly describes what happens to parent entities during consolidation?
A) 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.
B) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C) The changes in the relational database are synced to the underlying Essbase cube.
D) 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
4. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?
A) Location Attributes section of the Create Integration dialog box
B) Workbench
C) Options tab of the Application Details dialog box
D) Execute Integration dialog box
5. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
A) Consolidation
B) Financial
C) Journal
D) Intercompany
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
