Oracle 1z0-1081 Actual Free Exam Questions & Community Discussion

  • Exam Code/Number: 1z0-1081
  • Exam Name/Title: Oracle Financial Consolidation and Close 2019 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Financial Consolidation and Close Cloud Service
  • Exam Questions: 86
  • Updated On: Jul 07, 2026
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?
Correct Answer: A Vote an answer
Which statement correctly describes the Consolidation dimension?
Correct Answer: D Vote an answer
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
Correct Answer: B Vote an answer
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
Correct Answer: B,C Vote an answer
What member of the Currency dimension should be used during data entry for historical override amounts?
Correct Answer: D Vote an answer
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
Correct Answer: B,C Vote an answer
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
Correct Answer: A Vote an answer
Which statement is true regarding shared members and valid intersection rules?
Correct Answer: B Vote an answer
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
Correct Answer: A Vote an answer
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