Exam Name: Oracle Financial Consolidation and Close 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Check Updated on: Oct 08, 2026
No. of Questions: 119 Questions & Answers with Exam Engine
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Oracle 1Z0-1081-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Access Control | - User roles and permissions - Data security and access filtering |
| Reporting and Analysis | - Smart View and ad hoc analysis - Financial reports and dashboards |
| Data Integration and Management | - Data loading methods and Data Management - Data validation and reconciliation |
| Rules and Calculation Logic | - Member formulas and business rules - Consolidation scripts and calculations |
| Metadata Configuration | - Dimensions and hierarchies setup - Metadata load and maintenance |
| FCCS Overview and Architecture | - Financial Consolidation and Close application structure - Cloud EPM architecture and components |
| Consolidation Process | - Currency translation and consolidation rules - Ownership and eliminations |
1Z0-1081-21 Preparation Questions and Answers
This package includes 119 practice questions for the Oracle Financial Consolidation and Close 2021 Implementation Essentials exam. Every answer is verified by an experienced team of experts, so you can trust what you study.
Many candidates combine practice questions with official training. Recommended options include:
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The Oracle Financial Consolidation and Close 2021 Implementation Essentials practice questions are organized around the official exam objectives. Key topics include:
- Reporting and Analysis ()
- Data Integration and Management ()
- Consolidation Process ()
Keeping your revision mapped to these objectives makes every session productive.
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You can register for the Oracle Financial Consolidation and Close 2021 Implementation Essentials exam through the official channels:
Recommended: Oracle Financial Consolidation and Close Cloud Service training and practical implementation experience with Oracle EPM Cloud.
You can confirm the current eligibility requirements on the official 1Z0-1081-21 exam page before you register.
Oracle Financial Consolidation and Close 2021 Implementation Essentials Sample Questions:
What are two important first steps in initially setting up Task Manager?
- A. Assign tasks to users.
- B. Set up Users.
- C. Create a schedule and set it to Open status.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Correct Answer: B,D 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
- A. An extra custom dimension is available.
- B. The FCCS_No Intercompany member of the ICP dimension is used for all data.
- C. Data can be stored by intercompany partner but no eliminations will occur.
- D. The ICP dimension is omitted.
Correct Answer: B 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)
- A. FCCS_Proportion
- B. FCCS_Entity Consolidation
- C. FCCS_Entity Input
- D. FCCS_Elimination
- E. FCCS_Entity Total
- F. FCCS_Contribution
Correct Answer: B,C,E,F 🗳️
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team wouldOracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. dashboard reportingwith daily revenue comparisons and KPI's that measure cost controls
- B. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
- C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
- D. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- E. provide the ability to collaborate during close and analyse transaction detail in real time
Correct Answer: A,B 🗳️
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Account
- B. From Currency
- C. Entity
- D. Currency
Correct Answer: B 🗳️
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