Updated: Jul 15, 2026
No. of Questions: 60 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Related Certifications: | Oracle Financial Consolidation and Close 2023 Certified Implementation Professional |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Price: | USD not publicly listed (Oracle exam pricing varies by region) |
| Exam Format: | Multiple choice |
| Passing Score: | 66% |
| Real Exam Qty: | 60 |
| Certificate Validity Period: | Certificate does not expire once earned (no stated expiry for this exam) |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Delivered as a proctored multiple-choice exam, scheduled via Oracle's certification platform. |
| Pre Condition: | Hands-on experience with Oracle FCCS recommended; no mandatory prerequisites listed. |
| Official Syllabus URL: | https://www.oracle.com/education/certification/ |
| Section | Objectives |
|---|---|
| Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
| Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
| Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
1. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?
A) Create a Groovy rule.
B) Create a valid intersection rule.
C) Create a Configurable Consolidation rule.
D) Create a Task Manager rule.
2. Which four items are included in the Currency dimension? (Choose four.)
A) Parent Currency
B) Reporting Currencies
C) Journal Input Currencies
D) Entity Currency
E) Default Currency
F) Input Currencies
3. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?
A) All members are accessible for dimensions with no security applied.
B) The Identity Domain Administrator inherits full access privileges.
C) Security is mandatory for one dimension.
D) Security can be disabled for any dimension.
E) Security can be assigned at a parent level.
4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)
A) Minority Interest Percentage
B) Consolidation Method
C) Consolidation Percentage
D) Control
E) Ownership Percentage
5. Which statement correctly describes the Consolidation dimension?
A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension allows users to see input versus journal adjustment data.
C) The dimension allows users to view data in the parent currency.
D) The dimension uses a separate member for data from an entity's level-zero descendants.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C,D,F | Question # 3 Answer: D | Question # 4 Answer: B,C,E | Question # 5 Answer: D |
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