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Oracle Financial Consolidation and Close 2023 Implementation Professional {1Z0-1081-23} Questions

Oracle Financial Consolidation and Close 2023 Implementation Professional {1Z0-1081-23} Questions

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Oracle

Last Updated

05, Dec 2023

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  • Course Description

Are you looking for Oracle Financial Consolidation and Close Implementation Professional exam questions or dumps to clear your exam in 1st attempt? you have reached to right exam questions website!

 

Our technical experts have prepared Oracle Financial Consolidation and Close Implementation Professional dumps course comprises of all exam type questions. This course covers all topics of exam and with promise to clear it.

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Oracle Financial Consolidation and Close Implementation Professional Exam Syllabus:

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

 

Official Oracle Financial Consolidation and Close Implementation Professional Exam Details:

Exam Name: Oracle Financial Consolidation and Close Implementation Professional 

Exam Duration: 90 minutes

Passing Marks: 66%

 

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