Oracle 1z0-1081-23 Questions & Answers - in .pdf
- Total Q&A: 60
- Update: May 30, 2026
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- Vendor: Oracle
- Exam Code: 1z0-1081-23
- Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
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- Total Q&A: 60
- Update: May 30, 2026
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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Which statement is true about an approval process with the Phase Dependency option enabled?
A) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
B) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
C) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
2. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
A) Consolidation
B) Entity
C) Period
D) Year
E) Data Source
F) Scenario
3. What is the result of enabling the Calculate Movements system rule?
A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
B) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
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.
4. 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) The changes in the relational database are synced to the underlying Essbase cube.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
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
5. Which four items are included in the Currency dimension? (Choose four.)
A) Entity Currency
B) Journal Input Currencies
C) Reporting Currencies
D) Input Currencies
E) Default Currency
F) Parent Currency
Solutions:
Question # 1
Answer: A | Question # 2
Answer: B,C,D,F | Question # 3
Answer: A | Question # 4
Answer: D | Question # 5
Answer: A,B,C,D |
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