Last Updated: Aug 30, 2026
No. of Questions: 86 Questions & Answers with Testing Engine
Download Limit: Unlimited
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If your test date is circled on the calendar and study hours are scarce, the Oracle Financial Consolidation and Close 2019 Implementation Essentials practice questions from TestSimulate give you a focused route through the material. Every one of the 86 questions in the 1z1-1081 package targets what the exam actually measures, so each minute of prep counts.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2019 Implementation Essentials |
| Exam Number: | 1Z0-1081 |
| Related Certifications: | Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist Oracle Financial Consolidation and Close 2022/2024/2025 Implementation Professional |
| Passing Score: | 63% |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Valid until retired; Oracle Cloud certifications follow recertification policy |
| Real Exam Qty: | 70 |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Financial Consolidation and Close Cloud Service Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: | Oracle 1z1-1081 Sample Questions |
| Exam Way: | Online proctored or in-person at Pearson VUE authorized test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle EPM Cloud and FCC is strongly recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2019-implementation-essentials/pexam_1Z0-1081 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting, Security and Maintenance | 15% | - Audit, backup and migration - Security and valid intersections - Create forms and reports |
| Topic 2: Set Up the Business Process | 12% | - Define system settings - Create and configure application |
| Topic 3: Financial Consolidation and Close Overview | 10% | - Key features and use cases - Architecture and components |
| Topic 4: Data Integration and Management | 15% | - Create mappings and load rules - Run and schedule data loads - Data Management setup |
| Topic 5: Advanced Consolidations | 15% | - Groovy rules and custom logic - Ownership and statutory consolidation - Configurable calculations and rules |
| Topic 6: Manage Dimensions | 15% | - Account, Entity, Scenario, Currency dimensions - Assign security access - Import/modify members and hierarchies |
| Topic 7: Set Up and Run Consolidations | 18% | - Consolidation process flow - Currency translation setup - Eliminations and adjustments |
The 1z1-1081 exam is the official Oracle exam behind Oracle Financial Consolidation and Close 2019 Implementation Essentials — passing it earns you the Oracle Financial Consolidation and Close 2019 Certified Implementation Specialist certification, a credential positioned at the Specialist level. It is built for candidates who want to validate the skills measured by Oracle Financial Consolidation and Close 2019 Implementation Essentials. Depending on your track, the exam is also linked to the Oracle Financial Consolidation and Close 2021 Certified Implementation Specialist and Oracle Financial Consolidation and Close 2022/2024/2025 Implementation Professional certifications, so one pass can move you toward more than one Oracle credential.
The 1z1-1081 exam presents 70 questions to be completed within 120 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.
To pass the 1z1-1081 exam you need 63%, and the official registration fee is $245 USD. Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.
No mandatory prerequisites; hands-on experience with Oracle EPM Cloud and FCC is strongly recommended Because Oracle revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official Oracle exam page before you register.
Registration for the 1z1-1081 exam is handled through the official channels below:
Delivery method: Online proctored or in-person at Pearson VUE authorized test centers — pick the option that suits you best when booking your slot.
Oracle points Oracle Financial Consolidation and Close 2019 Implementation Essentials candidates toward the following official courses:
Official courses build the foundation; pairing them with the 86 1z1-1081 practice questions from TestSimulate turns that knowledge into exam-day readiness.
Yes. A free PDF demo of the 1z1-1081 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever Oracle adjusts the Oracle Financial Consolidation and Close 2019 Implementation Essentials blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.
TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.
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The Oracle Financial Consolidation and Close 2019 Implementation Essentials syllabus is organized into 7 domains. Among the headline areas are Reporting, Security and Maintenance (15%), Data Integration and Management (15%), Set Up the Business Process (12%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate 1z1-1081 practice questions so nothing on the blueprint catches you off guard.
Question 1
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
A. create Member Formulas
B. load data to this account and make member formulas
C. Member Formulas cannot be created
D. load data to this account
Question 2
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
A. provide the ability to collaborate during close and analyse transaction detail in real time
B. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
C. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
D. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
E. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
Question 3
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
A. the Page Axis
B. the Point of View
C. a column
D. Other Options section
Question 4
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
A. January should be consolidated for the change and nothing needs to happen for February.
B. January and February should be consolidated.
C. February should be consolidated, after which the cash at AceCo is now 65.
D. There is no way to do a prior period entry like this.
Question 5
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 -3 to Day 3
B. Day 1 to Day 7
C. Day -3 to Day 4
D. Day -2 to Day 4
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: C,E | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: B |
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