Oracle 1Z0-1081-20 : Oracle Financial Consolidation and Close 2020 Implementation Essentials

  • Exam Code: 1Z0-1081-20
  • Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
  • Updated: May 30, 2026     Q & A: 118 Questions and Answers

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Oracle 1Z0-1081-20 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Manage data collection using Supplemental Data
  • Create journals and journal templates
  • Create alternate hierarchies
Topic 2
  • Configure the default translation method and default rate accounts
  • Add and edit members using the Simplified Dimension Editor
Topic 3
  • Create equity pickup adjustments using the Equity Pickup feature
  • Describe the restrictions for modifying seeded members
Topic 4
  • Create consolidation adjustments with Configurable Consolidation rules
  • Describe Financial Consolidation and Close features
Topic 5
  • Set Up the Financial Consolidation and Close Business Process
  • Explain the calculation statuses for entities
Topic 6
  • Customize the translation process using translation rules and custom rate accounts
  • Add currencies to the Currency dimension
Topic 7
  • Audit changes to the application and data
  • Explain the Closing Balance calculation in the Movement dimension
  • Design financial reports in Financial Reporting Studio
Topic 8
  • Back up and migrate data and metadata using Lifecycle Management
  • Describe the system dimensions
Topic 9
  • Automate repetitive tasks using EPM Automate
  • Set Up and Run Consolidations
  • Identify deployment use cases
Topic 10
  • Build Out Your Financial Consolidation and Close Solution
  • Enter exchange rates and historical override rates and amounts
Topic 11
  • Create member mappings and define data load rules
  • Manage the close process using Task Manager
  • Translate data to reporting currencies
Topic 12
  • Run the setup wizard for the FCC business process
  • Describe the member properties for the Account, Entity, and Scenario dimensions
Topic 13
  • Configure statutory consolidations using Ownership Management and Consolidation Methods
  • Import members from a file
Topic 14
  • Configure system setting profiles, set up source systems, register target applications
  • Assign security access to dimension members

Reference: https://education.oracle.com/oracle-financial-consolidation-and-close-2020-implementation-essentials/pexam_1Z0-1081-20

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