Free Oracle 1Z0-1081-26 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Oracle Financial Consolidation and Close 1Z0-1081-26 Exam Dumps Questions Practice 2026

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Total 168 Questions | Updated On: May 21, 2026

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Question 1

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a newSchedule each month?

A : when the tasks are repeatable over multiple close cycles

B : when the tasks require consistent definition across close schedules

C : when the tasks are often late in completion and they need to be monitored more closely

D : when the tasks require multiple levels of approvers

Answer: A

Question 2

If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) businessprocess is created, which statement is true?

A : The FCCS_No Intercompany member of the ICP dimension is used for all data.

B : The ICP dimension is omitted.

C : An extra custom dimension is available.

D : Data can be stored by intercompany partner but no eliminations will occur.

Answer: B

Question 3

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A : The data export format / file extension is always extracted in a XLS file format.

B : The data export format / file extension is always extracted in a ZIP file format.

C : The data export format / file extension is always extracted in a DAT file format.

D : The data export format / file extension is always extracted in a CSV file format.

Answer: A,C

Question 4

Which statement is true about an approval process with the Phase Dependency option enabled?

A : Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

B : Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.

C : Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

D : Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Answer: C,D

Question 5

Which two statements are true about Cash Flow in the Movement dimension?

A : When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a sharedmemberto the FCCS_CashFlow hierarchy.

B : The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlowhierarcy.

C : You can add shared members to the FCCS_CashChange hierarchy.

D : The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.

Answer: B,D

Page: 1 / 34

Total 168 Questions | Updated On: May 21, 2026

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