Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Brand: ValidExamDumps
SKU: 1Z0-1081-23
Price: 20 USD
Availability: InStock
Rating: 4.9 (130 reviews)

Free Oracle 1Z0-1081-23 Exam Actual Questions

The questions for 1Z0-1081-23 were last updated On Jun 15, 2025

At ValidExamDumps, we consistently monitor updates to the Oracle 1Z0-1081-23 exam questions by Oracle. Whenever our team identifies changes in the exam questions,exam objectives, exam focus areas or in exam requirements, We immediately update our exam questions for both PDF and online practice exams. This commitment ensures our customers always have access to the most current and accurate questions. By preparing with these actual questions, our customers can successfully pass the Oracle Financial Consolidation and Close 2023 Implementation Professional exam on their first attempt without needing additional materials or study guides.

Other certification materials providers often include outdated or removed questions by Oracle in their Oracle 1Z0-1081-23 exam. These outdated questions lead to customers failing their Oracle Financial Consolidation and Close 2023 Implementation Professional exam. In contrast, we ensure our questions bank includes only precise and up-to-date questions, guaranteeing their presence in your actual exam. Our main priority is your success in the Oracle 1Z0-1081-23 exam, not profiting from selling obsolete exam questions in PDF or Online Practice Test.

Question No. 1

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

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

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

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

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

Show Answer

Correct Answer: B

The components that are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution are calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow. These components enable you to perform financial consolidation and close processes with best practices, efficiency, and accuracy. The calculations include predefined consolidation rules, currency translation methods, intercompany eliminations, ownership management, etc. The dashboards and reports provide insights into the consolidation results, process status, data quality, etc. The data source tracking allows you to track the origin and adjustments of data from different sources. The automated cash flow generates cash flow statements based on the movement accounts.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 11-12; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 1-2.

Question No. 2

Which statement is FALSE about running consolidations?

AWhen you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

BWhen you consolidate a parent, children with the Impacted calculation status are also consolidated.

CWhen you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

DRunning consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Show Answer

Correct Answer: C

The statement that is false about running consolidations is: When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated. This is false because running consolidation for a child entity only affects the child entity and its descendants, not the parent entity or its siblings. The parent entity will only be re-consolidated if it has the Impacted calculation status or if you use the Force Consolidate option. The other statements are true about running consolidations.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 29; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-7.

Question No. 3

Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

ATranslated values for Closing Balance are adjusted to the ending rate for the period.

BValues for Opening Balance are retrieved from the prior period's Closing Balance.

CData for opening balances must be loaded to the Opening Balance member prior to consolidation.

DValues for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

Show Answer

Correct Answer: A, B

The two statements that are true about the roll forward calculation in the Movement dimension are:

Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.

Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.

The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.

Question No. 4

Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

AIf a shared member is selected for a rule, the primary instance of the member is selected as well.

BSelecting the primary instance of a member does not include shared members.

CIf the primary instance of the member is selected for a rule, all shared members for the instances are included.

DSelecting a shared member for a rule does not include its primary instance.

Show Answer

Correct Answer: C, D

The following statements are true about shared members in Valid Intersection rules:

If the primary instance of the member is selected for a rule, all shared members for the instances are included. This means that data can be entered or calculated for any shared member of the primary member.

Selecting a shared member for a rule does not include its primary instance. This means that data can be entered or calculated only for the specific shared member, not for the primary member or other shared members. The other statements are not true about shared members in Valid Intersection rules. If a shared member is selected for a rule, the primary instance of the member is not selected as well. Selecting the primary instance of a member does include shared members.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 69; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-6.

Question No. 5

Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

AYou must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

BYou can include Data Management artifacts in the clone.

CThe most recent Artifact Snapshot created by daily maintenance is used for the snapshot.

DYou can include the inbox and outbox contents in the clone.

Show Answer

Correct Answer: C

The statement that is false when you are cloning a Financial Consolidation and Close environment is: The most recent Artifact Snapshot created by daily maintenance is used for the snapshot. This statement is not true because when you clone a Financial Consolidation and Close environment, you can choose which Artifact Snapshot to use for the snapshot. You can select either the most recent Artifact Snapshot or a specific Artifact Snapshot that you have created or imported. The other statements are true when you are cloning a Financial Consolidation and Close environment. You must have both the Service Administrator and Identify Domain administrator roles to execute the clone, you can include Data Management artifacts in the clone, and you can include the inbox and outbox contents in the clone.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 86-87; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 11-7.