Exam Name: Oracle Financial Consolidation and Close 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1081-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2021 Implementation Essentials |
| Exam Number: | 1Z0-1081-21 |
| Related Certifications: | Oracle Financial Consolidation and Close Cloud Service (FCCS) Oracle Cloud EPM Certification |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored exam (typically via Pearson VUE or Oracle certification platform) |
| Pre Condition: | Recommended: Oracle Financial Consolidation and Close Cloud Service training and practical implementation experience with Oracle EPM Cloud. |
Oracle 1Z0-1081-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Data Integration and Management | - Data validation and reconciliation - Data loading methods and Data Management |
| Topic 2: Security and Access Control | - User roles and permissions - Data security and access filtering |
| Topic 3: Rules and Calculation Logic | - Member formulas and business rules - Consolidation scripts and calculations |
| Topic 4: Metadata Configuration | - Metadata load and maintenance - Dimensions and hierarchies setup |
| Topic 5: FCCS Overview and Architecture | - Cloud EPM architecture and components - Financial Consolidation and Close application structure |
| Topic 6: Reporting and Analysis | - Financial reports and dashboards - Smart View and ad hoc analysis |
| Topic 7: Consolidation Process | - Currency translation and consolidation rules - Ownership and eliminations |
Oracle 1Z0-1081-21 Exam: Engine Answers
The Oracle Financial Consolidation and Close 2021 Implementation Essentials is Oracle's certification exam for Oracle Financial Consolidation and Close Cloud Service (FCCS) Implementation, at the Professional level. It's demanding enough to intimidate — timed practice is the cure. Related credentials include Oracle Cloud EPM Certification, Oracle Financial Consolidation and Close Cloud Service (FCCS).
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The Oracle Financial Consolidation and Close 2021 Implementation Essentials is delivered Online proctored exam (typically via Pearson VUE or Oracle certification platform) — pick the arrangement that suits you when booking.
The Oracle Financial Consolidation and Close 2021 Implementation Essentials blueprint spans 7 domains — including FCCS Overview and Architecture, Reporting and Analysis, Data Integration and Management. The complete outline above lists every subtopic; our IT staff keep the material aligned daily.
Recommended: Oracle Financial Consolidation and Close Cloud Service training and practical implementation experience with Oracle EPM Cloud. Eligibility rules change over time, so verify the current requirements on the official page before registering.
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Oracle Financial Consolidation and Close 2021 Implementation Essentials Sample Questions:
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. enables the application to include Intercompany data.
- B. enables the application to perform Intercompany eliminations
- C. process will separate total elimination values by Data Source.
- D. enables the Elimination member in the Consolidation dimension
Correct Answer: C 🗳️
Which statement correctly describes what happens to parent entitiesduring consolidation?
- A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
- B. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
- D. The changes in the relational database are syncedto the underlying Essbase cube.
Correct Answer: A 🗳️
Which statement correctlydescribes when a consolidation can occur within a given year/scenario?
- A. The user specifies the desired parent entity,Feb as the period, Actual as the scenario, and 2018 as the year.
- B. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
- C. The current period consolidation status is Impacted and the remaining periods are OK.
- D. A user has a power user access but only write access to the entity.
- E. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
Correct Answer: C 🗳️
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension aggregates input, consolidated, and elimination data together.
- C. The dimension uses a separate member to storedata from an entity's descendants.
- D. The dimension contains members to store non-controlling interest and joint venture data.
Correct Answer: A 🗳️
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)
- A. DAT file type
- B. Excel XLS file type
- C. Comma delimited
- D. Tab delimited
Correct Answer: C,D 🗳️
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