You can use this Oracle 1Z0-1081-23 exam study guide to collect all the information about the Oracle Financial Consolidation and Close 2023 Implementation Professional exam. The Oracle 1Z0-1081-23 certification exam is mainly targeted to those candidates who have some experience or exposure to Oracle Financial Consolidation and Close technology and want to flourish their career with Oracle Financial Consolidation and Close 2023 Certified Implementation Professional (OCP) credential.
The Oracle 1Z0-1081-23 certification exam validates your understanding of the Oracle Financial Consolidation and Close technology and sets the stage for your future progression. Your preparation plan for Oracle Financial Consolidation and Close 2023 Implementation Professional Certification exam should include hands-on practice or on-the-job experience performing the tasks described in following certification exam syllabus topics.
Oracle 1Z0-1081-23 Exam Details:
| Exam Name | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Code | 1Z0-1081-23 |
| Exam Price | USD $245 (Pricing may vary by country or by localized currency) |
| Duration | 90 minutes |
| Number of Questions | 60 |
| Passing Score | 66% |
| Format | Multiple Choice Questions (MCQ) |
| Recommended Training |
Become a Certified FCC Implementer Prepare for Oracle FCC 2023 Certified Implementation Professional |
| Schedule Exam | Buy Oracle Training and Certification |
| Sample Questions | Oracle Financial Consolidation and Close 2023 Certified Implementation Professional (OCP) |
| Recommended Practice | 1Z0-1081-23 Online Practice Exam |
Oracle 1Z0-1081-23 Syllabus Topics:
| Financial Consolidation and Close Overview | - Describe Financial Consolidation and Close features |
| Set Up the Financial Consolidation and Close Business Process |
- Run the setup wizard for the FCC business process - Add users and assign security roles - Describe Period and Movement as Dense dimensions (DSO) |
| Manage Dimensions |
- Describe the Account, Entity, and Scenario dimensions - Add and edit members using the Simplified Dimension Editor - Import members from a file - Add members to the Currency and Movement dimensions - Assign security access to dimension members |
| Set Up and Run Consolidations |
- Explain the consolidation process (translate, eliminate. consolidate) and closing balance calculation - Enter exchange rates and historical override rates and amounts - Configure the default translation method and default rate accounts - Explain the calculation statuses for entities - Run consolidation - Translate data to reporting currencies - Explain Intercompany Entity Aggregation Options - Configure Opening and Closing Balance System Rules |
| Set Up Advanced Consolidations |
- Customize the translation process using translation rules and custom rate accounts - Create custom consolidation calculations with Configurable Calculations and On Demand Rules - Configure statutory consolidations using Ownership Management and Consolidation Methods - Create consolidation adjustments with Configurable Consolidation Rules - Describe Groovy Rules |
| Build Out Your Financial Consolidation and Close Solution |
- Describe valid and invalid intersection rules - Create data forms - Manage the close process using Task Manager - Manage data collection using Supplemental Data - Define custom navigation flows |
| Manage Journals |
- Create consolidation journals and consolidation journal templates - Create and Manage Enterprise Journals |
| Manage Approvals |
- Explain the approval process for entities - Set up the approval process - Explain approval groups and phased submissions - Define and edit approval groups - Assign approval groups to an approval unit hierarchy |
| Managing Business Process Data |
- Import and export; copy and clear data - Audit changes to the application and data - Back up and migrate data and metadata - Automate repetitive tasks using EPM Automate - Cloning FCC environments |
| Design Reports and Dashboards |
- Create journal, intercompany, and consolidation reports - Create and run financial reports - Create Dashboards |
| Loading Data Using Data Integration |
- Register and edit application details - Set up integration prerequisites - Create, edit, and run integrations - View integrations in Workbench |
The Oracle Financial Consolidation and Close Implementation Professional Certification Program certifies candidates on skills and knowledge related to Oracle Financial Consolidation and Close products and technologies. The Oracle 1Z0-1081-23 is granted based on a combination of passing exams, training, and performance-based assignments, depending on the level of certification. Oracle Financial Consolidation and Close 2023 Implementation Professional certification is a real benchmark of experience and expertise that helps you stand out in a crowd among employers. To ensure success, Oracle recommends combining education courses, practice exams, and hands-on experience to prepare for your Oracle Financial Consolidation and Close 2023 Certified Implementation Professional (OCP) certification exam as questions will test your ability to apply the knowledge you have gained in hands-on practice or professional experience.