Free Oracle 1z0-1081-22 Practice Test & Real Exam Questions

Exam Code/Number: 1z0-1081-22
Exam Name/Title: Oracle Financial Consolidation and Close 2022 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financial Consolidation and Close Cloud Service

Exam Questions: 116
Updated On: Jun 14, 2026

Question #1

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A. 12-month, 13-month and a 14-month

B. Any number of months can be selected

C. 12-month only

D. 12-month and 13-month

Discussion 0

Correct Answer: D Vote an answer

Question #2

Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. The current period consolidation status is Impacted and the remaining periods are OK.

B. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

C. A user has a power user access but only write access to the entity.

D. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

E. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

Discussion 0

Correct Answer: A Vote an answer

Question #3

What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Parent Currency

B. Base Currency

C. Entity Currency

D. Local Currency

Discussion 0

Correct Answer: C Vote an answer

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Question #4

On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

A. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD

C. the third Friday of each month to apply to both TEST and PROD simultaneously

D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD

Discussion 0

Correct Answer: D Vote an answer

Question #5

Which two statements are correct with regard to Data Management locations? (Choose two.)

A. Location security allows users to be provisioned in Shared Services for read or modify access to each location.

B. Locations must specify an import format, which may be used by other locations.

C. The logic account group is required in order to effect running of calculations after the data load.

D. Locations can share dimension member mappings by specifying a location as a parent location of others.

E. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.

F. Data load rules can be shared across locations.

Discussion 0

Correct Answer: B,D Vote an answer

Question #6

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Value, Entity, Account

B. From Currency, Movement, Scenario

C. Data source, Consolidation, View

D. Multi-GAAP, Data Type, Intra-company

E. Period, Year, Entity

Discussion 0

Correct Answer: E Vote an answer

Question #7

Which statement
is FALSE when Intercompany Data is enabled?

A. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.

B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

C. Intercompany accounts are assigned plug accounts.

D. Tracking intercompany eliminations is optional.

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #8

Which statement is true regarding Data Management categories?

A. Application mapping is not required if the global mapping target category is exactly correct.

B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

C. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Discussion 0

Correct Answer: B Vote an answer

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