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Updated: Nov 01, 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 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Not publicly specified (Oracle certification validity may vary by program update) |
| Real Exam Qty: | 50-60 (typical Oracle professional-level exam range; not officially disclosed) |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Price: | USD 245 (may vary by region) |
| Available Languages: | English |
| Related Certifications: | Oracle Financial Consolidation and Close Implementation Associate Oracle Cloud EPM Certifications |
| Recommended Training: | Oracle University FCCS Training Catalog |
| Exam Registration: | Oracle Certification Portal |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Online proctored exam via Oracle Certification platform |
| Pre Condition: | Recommended knowledge of Oracle Cloud EPM Financial Consolidation and Close and basic financial consolidation concepts |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journals and Adjustments | - Manual and automated journals
|
| Topic 2: Close Process Management | - Period close activities
|
| Topic 3: Reporting and Analysis | - Financial reporting tools
|
| Topic 4: Security and Access Management | - User roles and permissions
|
| Topic 5: Data Integration and Loading | - Data management processes
|
| Topic 6: FCCS Application Configuration | - Application setup and configuration
|
| Topic 7: Consolidation Process | - Financial consolidation execution
|
| Topic 8: Metadata and Dimensions | - Metadata management
|
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to view data in the parent currency.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension uses a separate member for data from an entity's level-zero descendants.
- D. The dimension allows users to see input versus journal adjustment data.
Correct Answer: C 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
What is the result of enabling the Calculate Movements system rule?
- A. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
- B. Closing Balance is aggregated from Opening Balance and the current period's movement value.
- C. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
- D. Level 0 movement members become read only in web forms, and must be populated through data load.
Correct Answer: B 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
In the approval process, which four dimensions constitute an approval unit? (Choose four.)
- A. Data Source (Entity)
- B. Period
- C. Account
- D. Scenario
- E. Year
Correct Answer: A,B,D,E 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
- A. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
- B. Parent account calculations depend on the sequencing.
- C. There is no reason to consolidate years sequentially.
- D. Each period in the year must consolidate separately.
Correct Answer: A 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?
- A. Line
- B. Bar
- C. Tile
- D. Gauge
Correct Answer: C 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
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