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Oracle 1z1-1081 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Set Up and Run Consolidations | 18% | - Consolidation process flow - Eliminations and adjustments - Currency translation setup |
| Topic 2: Reporting, Security and Maintenance | 15% | - Audit, backup and migration - Security and valid intersections - Create forms and reports |
| Topic 3: Set Up the Business Process | 12% | - Define system settings - Create and configure application |
| Topic 4: Advanced Consolidations | 15% | - Configurable calculations and rules - Ownership and statutory consolidation - Groovy rules and custom logic |
| Topic 5: Financial Consolidation and Close Overview | 10% | - Architecture and components - Key features and use cases |
| Topic 6: Data Integration and Management | 15% | - Create mappings and load rules - Data Management setup - Run and schedule data loads |
| Topic 7: Manage Dimensions | 15% | - Account, Entity, Scenario, Currency dimensions - Assign security access - Import/modify members and hierarchies |
Oracle 1z1-1081 Exam: Helpful Answers
Yes — download the free Oracle Financial Consolidation and Close 2019 Implementation Essentials demo and judge the cram before paying. Purchases include one-year service: 365 days of update versions sent asap by email; renew afterward at 50% off.
The Oracle Financial Consolidation and Close 2019 Implementation Essentials is Oracle's certification exam for Oracle Financial Consolidation and Close 2019 Certified Implementation Specialist, at the Specialist level. Short on time? Focused, simple-to-use material is the fix. Related credentials include Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist, Oracle Financial Consolidation and Close 2022/2024/2025 Implementation Professional.
No mandatory prerequisites; hands-on experience with Oracle EPM Cloud and FCC is strongly recommended Eligibility rules change over time, so verify the current requirements on the official page (official 1z1-1081 exam page) before registering.
The Oracle Financial Consolidation and Close 2019 Implementation Essentials blueprint spans 7 domains — including Financial Consolidation and Close Overview (10%), Set Up the Business Process (12%), Reporting, Security and Maintenance (15%). The complete outline above lists every subtopic; budget your time by weight.
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Oracle Financial Consolidation and Close 2019 Implementation Essentials Sample Questions:
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. The subsidiary must have a balance not equal to zero in Common Stock.
- B. Common Stock must have a Data Storage property set to Never Share.
- C. The subsidiary must have a parent entity with a GBP currency.
- D. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- E. USD must be created as a reporting currency.
Correct Answer: A,C 🗳️
Which is true behavior of default FCCS_ members within an application?
- A. You can change the default FCCS_ member prefix at application creation.
- B. You can change the Name of these default FCCS_ members at any time.
- C. You cannot change the Alias of these default FCCS_ members.
- D. You can change the Alias of these default FCCS_ members at any time.
Correct Answer: B 🗳️
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Ensure security of sensitive data.
- B. Integrate with source systems.
- C. Provide predictive analysis and modeling.
- D. Provide a strong compliance framework that includes auditing and segregation of duties.
Correct Answer: A,B,D 🗳️
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?
- A. Consolidation, Currency, Account
- B. Entity, Currency, Account
- C. Currency, Account, Movement
- D. Entity, Consolidation, Currency
Correct Answer: C 🗳️
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A translation to the USD_Reporting currency member for Company IOU
- B. A translation of Company IOU
- C. A consolidation of Company XYZ
- D. A translation of Company XYZ to Parent Currency
- E. A consolidation of Company 123
Correct Answer: D 🗳️
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