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Oracle 1Z0-1081-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2020 Implementation Essentials |
| Exam Number: | 1Z0-1081-20 |
| Exam Format: | Multiple choice, Scenario based |
| Available Languages: | English |
| Exam Duration: | 85 minutes |
| Exam Price: | USD (varies by country) |
| Related Certifications: | Oracle Financial Consolidation and Close 2022 Implementation Professional Oracle Financial Consolidation and Close Cloud Service Certifications |
| Real Exam Qty: | 60 |
| Passing Score: | 66% (approx.) |
| Sample Questions: |  |
| Exam Way: | Onsite or Online proctored delivery via Oracle testing partners |
| Pre Condition: | No specific prerequisites, recommended experience with Oracle EPM Cloud or FCCS |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2020-implementation-essentials/pexam_1Z0-1081-20 |
Oracle 1Z0-1081-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Translation and Reporting | - Design financial reports in Financial Reporting Studio - Customize translation using rules and rate accounts |
| Setup and Configuration | - Configure system setting profiles and source/target applications - Assign security access to dimension members |
| Consolidation and Close Processes | - Set up and run consolidations - Automate tasks using EPM Automate |
| Dimension and Data Management | - Import members, define mappings and load rules - Manage supplemental data and alternate hierarchies |
| Adjustments and Ownership | - Use equity pickup and ownership management - Create consolidation adjustments |
Oracle 1Z0-1081-20 Exam — Frequently Asked Questions
The 1Z0-1081-20 exam is Oracle's official route to the Oracle Financial Consolidation and Close Cloud Service certification (Implementation Specialist level). For IT professionals building a career, it signals verified skill — the kind of advantage that tips better opportunities your way. It also sits in a family of related credentials: Oracle Financial Consolidation and Close 2022 Implementation Professional, Oracle Financial Consolidation and Close Cloud Service Certifications.
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No specific prerequisites, recommended experience with Oracle EPM Cloud or FCCS Requirements like these do get updated, so confirm the details on the official exam page — official 1Z0-1081-20 exam information — before you spend anything on registration.
Registration runs USD (varies by country), and the pass mark is 66% (approx.). Paying by credit card is the standard route — safe and stable for both buyer and seller. And remember the fee is per attempt: a retake costs the same again, which is why candidates drill with the 118 practice questions from BraindumpsIT until their margin is comfortable.
The exam sets 60 questions against 85 minutes on the clock. That pairing punishes hesitation, so train it out: set a per-question budget, flag-and-return instead of freezing, and rehearse full timed sessions in the BraindumpsIT engine until pacing is automatic.
Yes — a free PDF demo lets you examine the question quality first. If you buy, 365 days of free updates are included, with new versions sent to you as they're released; an expired update period can be renewed later at 50% off.
Expect 5 domains in the Oracle Financial Consolidation and Close 2020 Implementation Essentials blueprint, headlined by Setup and Configuration, Dimension and Data Management, Adjustments and Ownership. Use the weights as your study budget — high-percentage domains earn the most points per hour. The complete outline above has the full breakdown.
Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions:
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. Set the currency on the form to Parent Currency.
- B. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- C. Select level 0 dimension members for the POV, rows, and columns.
- D. Grant the data input users WRITE access to the dimension members used on the form.
- E. Set the consolidation member on the form to FCCS_Entity Input.
Correct Answer: C,D,E 🗳️
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How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- C. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- D. Enable a dimension for Currency after application creation via a Metadata load.
Correct Answer: D 🗳️
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Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
- B. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- C. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- D. The current period consolidation status is Impacted and the remaining periods are OK.
- E. A user has a power user access but only write access to the entity.
Correct Answer: D 🗳️
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)
- A. Excel XLS file type
- B. DAT file type
- C. Tab delimited
- D. Comma delimited
Correct Answer: C,D 🗳️
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
- B. during application creation and selecting Multi-source Data Input of Other Data
- C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- D. during application creation and selecting the Intercompany Data feature option
Correct Answer: D 🗳️
