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Last Updated: Sep 14, 2026

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Oracle 1z0-1081-23 Practice Q&A's

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Consolidation Process and Logic28%- Intercompany eliminations and adjustments
- Currency translation and exchange rates
- Ownership management and consolidation methods
- Consolidation workflow and balance calculation
Application Setup and Configuration28%- System settings and validation
- FCCS architecture and business process setup
- Security setup and role assignment
- Dimension management and metadata configuration
Close Process and Journal Management22%- Task Manager configuration
- Journal creation, approval and posting
- Supplemental Data setup
- Approval units and workflow
Data Integration and Reporting22%- EPM Automate and application maintenance
- Data loading and integration configuration
- Financial reporting and dashboards
- Data forms and valid intersections

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

For which task categories is Audit enabled by default?

  • A. No task categories
  • B. Journals
  • C. Data only
  • D. All task categories
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

  • A. View
  • B. Account
  • C. Movement
  • D. Consolidation
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #3

Which statement is true of journals created from Recurring templates?

  • A. The line items in journals created from Recurring templates are read only.
  • B. Journals for recurring templates are created automatically when you open a period for journals.
  • C. The initial status of journals created from Recurring templates is Approved.
  • D. The initial status of journals created from Recurring templates is Posted.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

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. Intercompany
  • B. Journal
  • C. Financial
  • D. Consolidation
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Which two are members in the Consolidation dimension? (Choose two.)

  • A. FCCS Data Input
  • B. FCCS Entity Input
  • C. FCCS Proportion
  • D. FCCS Total input And Adjusted
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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