The Oracle Financial Consolidation and Close 2019 Implementation Essentials exam has a reputation for tripping up even experienced candidates. Working through 86 realistic practice questions from ActualCollection exposes your weak spots before exam day does.
Oracle 1z1-1081 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2021 Implementation Essentials |
| Exam Number: | 1Z0-1081-21 |
| Related Certifications: | Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist |
| Passing Score: | 66% |
| Certificate Validity Period: | Oracle Cloud certifications remain current according to Oracle Certification policy |
| Real Exam Qty: | 60 |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Exam Duration: | 90 minutes |
| 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:
| Section | Objectives |
|---|---|
| Set Up the Financial Consolidation and Close Business Process | - Application Configuration
|
| Build Out Your Financial Consolidation and Close Solution | - Solution Development
|
| Integrate Data from Source Systems Using Data Management | - Data Integration
|
| Managing Business Process Data | - Data Management
|
| Manage Dimensions | - Dimension Management
|
| Financial Consolidation and Close Overview | - FCCS Fundamentals
|
| Design Reports and Dashboards | - Reporting and Analytics
|
| Set Up and Run Consolidations | - Consolidation Processing
|
| Set Up Advanced Consolidations | - Advanced Configuration
|
Common Questions About the Oracle Financial Consolidation and Close 2019 Implementation Essentials Exam
The Oracle Financial Consolidation and Close 2019 Implementation Essentials exam is the official Oracle test registered under exam code 1z1-1081. Passing it earns you the Oracle Financial Consolidation and Close Cloud Service certification, a credential at the Implementation Specialist level. It is also linked to the related certification: Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist. Oracle exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The Oracle Financial Consolidation and Close 2019 Implementation Essentials exam includes 60 questions to be completed within 90 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the Oracle Financial Consolidation and Close 2019 Implementation Essentials exam you need 66%, and the official registration fee is $245 USD. A retake is not discounted: a failed attempt means paying the full $245 USD again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle EPM Cloud and Financial Consolidation and Close.
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Yes. ActualCollection offers a free PDF demo of the Oracle Financial Consolidation and Close 2019 Implementation Essentials material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the Oracle Financial Consolidation and Close 2019 Implementation Essentials exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official Oracle Financial Consolidation and Close 2019 Implementation Essentials syllabus is organized into 9 domains. Key areas include Design Reports and Dashboards, Build Out Your Financial Consolidation and Close Solution, and Managing Business Process Data. The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
Oracle Financial Consolidation and Close 2019 Implementation Essentials Sample Questions:
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Grid
- B. Chart
- C. Header
- D. Image
Correct Answer: C 🗳️
Which item describes the use for the Currency dimension property Triangulation Currency?
- A. The ability to calculate CTA (Cumulative Translation Adjustment)
- B. The ability to report in multiple currencies
- C. The ability to force translations
- D. The ability to input foreign exchange rates
- E. The ability to calculate foreign exchange rates
Correct Answer: E 🗳️
For which three tasks can Data Management be used? (Choose three.)
- A. loading a Metadata Import File
- B. loading data from a fixed width or delimited text file
- C. loading data that is period-to-date or year-to-date
- D. drilling through from a web form or Smart View
- E. writing back data to source systems
Correct Answer: B,D,E 🗳️
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. the Page Axis
- B. a column
- C. the Point of View
- D. Other Options section
Correct Answer: C 🗳️
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are not supported in valid intersection rules
- B. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
- C. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- D. Shared members are supported in valid intersection rules
Correct Answer: D 🗳️
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