Oracle 1z0-1081-23 : Oracle Financial Consolidation and Close 2023 Implementation Professional

1z0-1081-23 pass collection

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: May 28, 2026

Q & A: 60 Questions and Answers

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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Financial
B) Consolidation
C) Journal
D) Intercompany


2. What action requires refreshing the database?

A) You edit the alias for a member in the Entity dimension.
B) You change the ownership percentage for an entity.
C) You deploy a new Configurable Calculation rule in Calculation Manager.
D) You edit the Consolidation Operator for a member in the Account dimension.


3. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Opening
B) FX Rates - Average
C) FX Rates - Historical
D) FX Rates - None
E) FX Rates - Ending


4. Which statement is FALSE about running consolidations?

A) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
D) When you consolidate a parent, children with the Impacted calculation status are also consolidated.


5. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) Read
B) Comment
C) None
D) Write


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: B,E
Question # 4
Answer: B
Question # 5
Answer: A

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