Oracle Financial Consolidation and Close 2019 Implementation Essentials (1Z0-1081) Practice Exam

Oracle Financial Consolidation and Close 2019 Implementation Essentials (1Z0-1081)

About Oracle Financial Consolidation and Close 2019 Implementation Essentials (1Z0-1081)

Oracle Financial Consolidation and Close 2019 Implementation Essentials (1Z0-1081) demonstrates the candidate knowledge and skills in implementing Enterprise Performance Management and Oracle Financial Consolidation and Close solutions. Candidates earning this certification will be able to set up and configure security, create a Financial Consolidation and Close business process, create data sets and dimension attributes, set up a close process, and design reports using Financial Reporting Studio. 

Course Structure

The Oracle Financial Consolidation and Close 2019 (1Z0-1081) Exam covers the following topics - 

1. Financial Consolidation and Close Overview

• Identify deployment use cases

• Describe Financial Consolidation and Close features

2. Manage Dimensions

• Describe the system dimensions

• Describe the restrictions for modifying seeded members

• Describe the member properties for the Account, Entity, and Scenario dimensions

• Add and edit members using the Simplified Dimension Editor

• Import members from a file

• Create alternate hierarchies

• Add currencies to the Currency dimension

• Add members to the Movement dimension and cash flow hierarchy

• Assign security access to dimension members

3. Set Up and Run Consolidations

• Explain the consolidation process (translate, eliminate. consolidate)

• Explain the Closing Balance calculation in the Movement dimension

• Enter exchange rates and historical override rates and anounts

• Configure the default translation method and default rate accounts

• Explain the calculation statuses for entities

• View calculation status

• Run consolidation

• Translate data to reporting currencies

4. Build Out Your Financial Consolidation and Close Solution

• Describe valid intersection rules

• Create data forms

• Create journals and journal templates

• Explain the approval process for entities

• Set up the approval process

• Manage the close process using Task Manager

• Manage data collection using Supplemental Data

• Define custom navigation flows

• Automate repetitive tasks using EPM Automate

5. Design Reports

• Create journal reports

• Create intercompany reports

• Create consolidation reports

• Design financial reports in Financial Reporting Studio

6. Set Up the Financial Consolidation and Close Business Process

• Describe the FCC setup options

• Describe Extended Dimensionality

• Run the setup wizard for the FCC business process

• Describe the FCC security roles

• Add users and assign security roles

7. Integrate Data from Source Systems Using Data Management

• Describe the use cases for Data Management

• Configure system setting profiles, set up source systems, register target applications

• Create import formats, locations, period mappings, and category mappings

• Create member mappings and define data load rules

• Run data loads

8. 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

• Create equity pickup adjustments using the Equity Pickup feature

9. Managing Business Process Data

• Import and export data

• Copy and clear data

• Audit changes to the application and data

• Back up and migrate data and metadata using Lifecycle Management 

Exam Pattern 

• Exam Name: Oracle Financial Consolidation and Close 2019 Implementation Essentials
• Exam Code: 1Z0-1081
• Number of Questions: 70
• Length of Time:  120 minutes
• Exam Fee: $245 USD 
• Exam Language: English

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