Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financial Consolidation and Close Cloud Service
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Updated: Sep 11, 2026
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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 |
| Available Languages: | English |
| Exam Price: | USD (varies by country) |
| Exam Format: | Scenario based, Multiple choice |
| Real Exam Qty: | 60 |
| Passing Score: | 66% (approx.) |
| Related Certifications: | Oracle Financial Consolidation and Close 2022 Implementation Professional Oracle Financial Consolidation and Close Cloud Service Certifications |
| Exam Duration: | 85 minutes |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Onsite or Online proctored delivery via Oracle testing partners |
| Pre Condition: | No specific prerequisites, recommended experience with Oracle EPM Cloud or FCCS |
| 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 | Objectives |
|---|---|
| Financial Translation and Reporting | - Design financial reports in Financial Reporting Studio - Customize translation using rules and rate accounts |
| Adjustments and Ownership | - Create consolidation adjustments - Use equity pickup and ownership management |
| Dimension and Data Management | - Import members, define mappings and load rules - Manage supplemental data and alternate hierarchies |
| Consolidation and Close Processes | - Set up and run consolidations - Automate tasks using EPM Automate |
| Setup and Configuration | - Assign security access to dimension members - Configure system setting profiles and source/target applications |
Oracle 1Z0-1081-20 Exam Questions Answered
The 1Z0-1081-20 exam leads to the Oracle Financial Consolidation and Close Cloud Service certification from Oracle. It is positioned at the Implementation Specialist level. The exam validates the knowledge and skills expected of candidates preparing for Oracle Financial Consolidation and Close 2020 Implementation Essentials.
Related certifications include:
- Oracle Financial Consolidation and Close 2022 Implementation Professional
- Oracle Financial Consolidation and Close Cloud Service Certifications
The 1Z0-1081-20 exam includes 60 questions and allows 85 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 1Z0-1081-20 is 66% (approx.), and the official exam fee is USD (varies by country). Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
No specific prerequisites, recommended experience with Oracle EPM Cloud or FCCS
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
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The current 1Z0-1081-20 outline is organized into 5 top-level domains. The first listed areas include:
- Dimension and Data Management
- Financial Translation and Reporting
- Setup and Configuration
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions:
Which statement is FALSE when setting up Shared Entities?
- A. You build an alternate hierarchy by using partial share Entity members.
- B. The calculation status will not change in all instances when data is changed in one instance.
- C. When data is posted to one shared entity, the data is posted to all instances.
- D. The Data Storage Member Property must set to "Dynamic Calc".
Correct Answer: B 🗳️
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?
- A. Day -2 to Day 4
- B. Day 1 to Day 7
- C. Day -3 to Day 3
- D. Day -3 to Day 4
Correct Answer: B 🗳️
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)
- A. Comma delimited
- B. DAT file type
- C. Excel XLS file type
- D. Tab delimited
Correct Answer: A,D 🗳️
Which statement is correct regarding intercompany eliminations?
- A. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- B. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- C. Intercompany eliminations are needed when a company divests itself of a division.
- D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
Correct Answer: B 🗳️
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Input Currency
- B. Reporting Currency
- C. Parent Currency
- D. Entity Currency
Correct Answer: B 🗳️
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