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Certification exams change, and so do we. Your 1z1-1081 purchase from Fast2test includes 365 days of free updates, so your Oracle Financial Consolidation and Close 2019 Implementation Essentials practice questions always reflect the current 2026 syllabus.

Oracle 1z1-1081 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2021 Implementation Essentials
Exam Number:1Z0-1081-21
Passing Score:66%
Real Exam Qty:60
Exam Duration:90 minutes
Certificate Validity Period:Oracle Cloud certifications remain current according to Oracle Certification policy
Related Certifications:Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist
Exam Price:$245 USD
Exam Format:Multiple Choice
Available Languages:English
Sample Questions:Oracle 1z1-1081 Sample Questions
Exam Way:Pearson VUE Test Center or Oracle Online Proctored Exam
Pre Condition:No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle EPM Cloud and Financial Consolidation and Close.
Official Syllabus URL:https://education.oracle.com/oracle-financial-consolidation-and-close-2021-certified-implementation-specialist/trackp_FCC2021

Oracle 1z1-1081 Exam Syllabus Topics:

SectionObjectives
Manage Dimensions- Dimension Management
  • 1. Create and Maintain Metadata
  • 2. Manage Dimension Members and Attributes
  • 3. Configure Custom Dimensions
Set Up and Run Consolidations- Consolidation Processing
  • 1. Manage Currency Translation
  • 2. Execute Consolidation Processes
  • 3. Review Consolidation Results
Build Out Your Financial Consolidation and Close Solution- Solution Development
  • 1. Configure Close Processes and Task Manager
  • 2. Implement Approval Workflows
  • 3. Configure Journals
Financial Consolidation and Close Overview- FCCS Fundamentals
  • 1. Identify Business Process Capabilities
  • 2. Understand FCCS Architecture and Navigation
  • 3. Describe Financial Consolidation and Close Features
Integrate Data from Source Systems Using Data Management- Data Integration
  • 1. Configure Data Management
  • 2. Load and Validate Data
  • 3. Map Source and Target Data
Set Up the Financial Consolidation and Close Business Process- Application Configuration
  • 1. Create and Configure FCCS Applications
  • 2. Manage Security and User Access
  • 3. Configure System Settings
Set Up Advanced Consolidations- Advanced Configuration
  • 1. Configure Ownership Management
  • 2. Configure Consolidation Rules
  • 3. Customize Translation Rules
Design Reports and Dashboards- Reporting and Analytics
  • 1. Use Financial Reporting Studio
  • 2. Create Financial Reports
  • 3. Build Dashboards
Managing Business Process Data- Data Management
  • 1. Audit and Monitor Data Changes
  • 2. Manage Data Forms
  • 3. Perform Data Validation

Oracle Financial Consolidation and Close 2019 Implementation Essentials Exam FAQs and Straight Answers

The 1z1-1081 exam, officially titled Oracle Financial Consolidation and Close 2019 Implementation Essentials, is the qualifying test for the Oracle Financial Consolidation and Close Cloud Service certification from Oracle, a credential at the Implementation Specialist level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist.

The Oracle Financial Consolidation and Close 2019 Implementation Essentials exam gives you 90 minutes to work through 60 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the Fast2test test engine — when the clock feels familiar, it stops being a threat.

You need 66% to pass, and the official registration fee is $245 USD. Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the Fast2test practice questions until you score comfortably above the passing mark, then book your seat.

No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle EPM Cloud and Financial Consolidation and Close. Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1z1-1081 exam overview.

Yes. Fast2test offers a free PDF demo for the Oracle Financial Consolidation and Close 2019 Implementation Essentials exam so you can judge the quality of our questions and answers before paying anything. Every purchase also comes with 365 days of free updates, and once that period expires you can extend your update service at a 50% discount.

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The Oracle Financial Consolidation and Close 2019 Implementation Essentials syllabus is organized into 9 domains. The main areas include Set Up the Financial Consolidation and Close Business Process, Managing Business Process Data, and Set Up Advanced Consolidations. Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.

Oracle Financial Consolidation and Close 2019 Implementation Essentials Sample Questions:

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

  • A. Security can be assigned at a parent level.
  • B. All members are accessible for dimensions with no security applied.
  • C. Security can be disabled for any dimension.
  • D. Security is mandatory for one dimension.
  • E. The Identity Domain Administrator inherits full access privileges.
Answer: B

When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

  • A. Expanded vs. single data segments
  • B. Report performance
  • C. Designing dynamic reports
  • D. Suppress missing blocks
Answer: D

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

  • A. by selecting Tasks, then Metadata, and then Import
  • B. by selecting Application, then Overview, then Dimensions, and then Export
  • C. by selecting Application, then Overview, then Dimensions, and then Import
  • D. by selecting Dimension, then Import, and then Metadata
Answer: D

What can the Intercompany Dimension be enabled and made visible within your application?

  • A. during application creation and selecting the Multi-source Data Input of Other Data
  • B. during application creation and selecting the Intercompany Data feature option
  • C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
  • D. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
Answer: B

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel?
(Choose three.)

  • A. Retrieve data
  • B. Adjust data with Journals
  • C. Submit data
  • D. Run a rule such as Consolidate or Translate
Answer: A,C,D

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