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Oracle 1Z0-1081-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2020 Implementation Essentials |
| Exam Number: | 1Z0-1081-20 |
| Exam Format: | Multiple Select, Multiple Choice |
| Real Exam Qty: | 60 |
| Passing Score: | 66% |
| Available Languages: | English |
| Certificate Validity Period: | 18 months (Cloud Recertification Policy) |
| Exam Duration: | 120 minutes |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Financial Consolidation and Close 2020 Learning Subscription Oracle Financial Consolidation and Close Implementation Guide |
| Exam Registration: | Pearson VUE Registration Oracle Certification Portal |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle EPM Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2020-implementation-essentials/pexam_1Z0-1081-20 |
Oracle 1Z0-1081-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Dimension Management | 25% | - Work with Account, Entity, Scenario, and Movement dimensions - Import/export members and assign security access - Add and edit members using Simplified Editor |
| Topic 2: Data Integration | 15% | - Manage data with Lifecycle Management - Define data load rules and execute data loads - Create import formats and mappings |
| Topic 3: Business Process Setup | 20% | - Run the setup wizard - Configure system profiles and source systems - Describe FCC features and use cases |
| Topic 4: Journals, Approvals, and Close Management | 15% | - Configure approval processes - Use Task Manager and Supplemental Data - Create journals and journal templates - Automate tasks with EPM Automate |
| Topic 5: Consolidation and Translation | 25% | - Explain consolidation and closing balance calculation - Create configurable consolidation rules - Configure translation methods and exchange rates - Set up ownership and statutory consolidation |
Candid Answers About the Oracle Financial Consolidation and Close 2020 Implementation Essentials Exam
Sign up through Oracle's official registration channels:
The exam itself is delivered via Online proctored or onsite at Pearson VUE test centers, so pick the delivery option that suits you when booking.
No mandatory prerequisites; hands-on experience with Oracle EPM Cloud recommended These requirements belong to Oracle and may be revised, so check the current rules on the official exam page: https://education.oracle.com/oracle-financial-consolidation-and-close-2020-implementation-essentials/pexam_1Z0-1081-20 before committing to a Oracle Financial Consolidation and Close 2020 Implementation Essentials registration.
The Oracle Financial Consolidation and Close 2020 Implementation Essentials exam contains 60 questions within 120 minutes. Knowing the content matters, but the clock decides who finishes — practice committing and moving on. Full-length timed sessions in the ExamTorrent test engine are the most direct way to rehearse that discipline before the real 1Z0-1081-20 exam.
Oracle spreads the Oracle Financial Consolidation and Close 2020 Implementation Essentials syllabus over 5 areas, with Data Integration (15%), Consolidation and Translation (25%), Dimension Management (25%) carrying the most weight. Study proportionally to those shares — the complete outline is in the section above this page.
Yes — ExamTorrent offers a free demo with real Oracle Financial Consolidation and Close 2020 Implementation Essentials sample questions and answers. Download it first; purchase the full product only when you are satisfied with what you see. After buying, 365 days of free updates are included — once that year ends, renew the update service at a 50% discount from your member zone.
The 1Z0-1081-20 exam is Oracle's official certification test — pass it and the Oracle Financial Consolidation and Close 2020 Certified Implementation Specialist certificate is yours, a credential at the Specialist level. It exists to measure practical IT skills objectively, which is why hiring managers treat it as a reliable benchmark — and why candidate numbers keep rising.
One Oracle Financial Consolidation and Close 2020 Implementation Essentials attempt costs $245 USD, with 66% required to pass. Retakes charge the full fee again, so passing on your own terms means walking in overprepared. Use ExamTorrent practice questions until timed mock scores clear 66% comfortably, then book the 1Z0-1081-20 exam.
Two steps complete your order, and your 1Z0-1081-20 product is emailed to your mailbox within one minute of payment — download the attachment and start studying. If nothing arrives within 2 hours, check spam and contact support for an immediate resend. On failure: the refund policy applies when you sat the corresponding 1Z0-1081-20 exam within 60 days of purchase. Submit a scanned enrollment slip and the official Score Report PDF within 2 days after the exam, and the refund is processed within 7 days. Excluded are attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders — and the candidate name must match the payer name. Prefer to continue preparing? Exchange your product for two free exam products of equal value, keeping the update service on your original purchase.
These are the vendor's recommended training options:
- Oracle Financial Consolidation and Close 2020 Learning Subscription
- Oracle Financial Consolidation and Close Implementation Guide
Once the training is done, measure it with the 118 practice questions for the 1Z0-1081-20 exam from ExamTorrent — the test engine simulates the real exam environment so there are no surprises.
Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions:
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script will not work since the UD5 member referenced does not start with FCCS_
- B. The script will work if the script is referenced in the In mapping type with #SQL as the target.
- C. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
- D. The script will not work since Data Management does not support scripting.
- E. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
Correct Answer: B 🗳️
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
- A. Adjust data with Journals
- B. Run a rule such as Consolidate or Translate
- C. Submit data
- D. Retrieve data
Correct Answer: B,C,D 🗳️
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?
- A. 12-month and 13-month
- B. 12-month, 13-month and a 14-month
- C. 12-month only
- D. Any number of months can be selected
Correct Answer: A 🗳️
When defining a batch in Data Management, which statement is True?
- A. A batch replaces the need for data load rules.
- B. Each data load rule must specify the period or the batch will default to the POV period.
- C. Batches can execute data loads for multiple locations.
- D. Batches can import from source or export to target, but not both.
- E. A batch can load to multiple plan types.
Correct Answer: C 🗳️
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)
- A. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
- B. The Cash Change hierarchy cannot be modified.
- C. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
- D. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
- E. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- F. Siblings can be added to the FCCS_CashFlow_Investing member.
Correct Answer: C,D,E,F 🗳️
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