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Oracle 1z0-1081-23 Dumps Questions Answers

Exam Code:
1z0-1081-23
Last Update: Apr 20, 2024
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Exam Code:
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Total Questions:
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Multiple Choice Questions:
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Oracle 1z0-1081-23 Exam Dumps FAQs

The Oracle 1z0-1081-23 exam, also known as the Oracle Financial Consolidation and Close 2023 Implementation Professional exam, validates your knowledge and skills in implementing and configuring Oracle Financial Consolidation and Close (FCC) solutions. Passing this exam demonstrates your ability to plan, design, deploy, and manage FCC applications in complex enterprise environments.
The Oracle 1z0-1081-23 Exam is mainly targeted towards candidates who have some experience or exposure to Enterprise Performance Management and Oracle Financial Consolidation and Close solutions.
The topics included in the Oracle 1z0-1081-23 Exam are as follows: Implementing Enterprise Performance Management and Oracle Financial Consolidation and Close solutions, setting up and configuring security, creating a financial consolidation and close business process, creating data sets and dimension attributes, setting up a close process, designing reports using Financial Reporting Studio, and loading data using Data Integration.
The Oracle 1z0-1081-23 exam consist of 60 multiple-choice questions.
The passing score for the Oracle 1z0-1081-23 exam is 66%.

The Oracle 1z0-1081-23 and Oracle 1z0-1093-23 Certification Exams are two different exams that test different skills and knowledge.

  • Oracle 1z0-1081-23: The Oracle 1z0-1081-23 Exam is a certification exam that tests your knowledge and skills in implementing Enterprise Performance Management and Oracle Financial Consolidation and Close solutions.
  • Oracle 1z0-1093-23: The Oracle 1z0-1093-23 Exam is a certification exam that tests your knowledge and skills in Oracle Cloud Infrastructure Database Services.
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Oracle Financial Consolidation and Close 2023 Implementation Professional Questions and Answers

Questions 1

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

Options:

A.

The child entity is NOT a shared entity.

B.

The default currency of the child is different from the default currency of the parent.

C.

Reporting currencies have been defined in the Currency dimension.

D.

To specify exchange rates you must set up multiple currencies when creating an application.

Questions 2

Which statement correctly describes what happens to parent entities during consolidation?

Options:

A.

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

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.

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.

Questions 3

Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

Options:

A.

Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning

B.

Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow

C.

Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

D.

Calculations, dashboards, and reports to provide analysis for cash flow modeling

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