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Download Oracle : 1Z0-1081-20 Questions & Answers as PDF & Test Software

Last Updated: Sep 09, 2026

No. of Questions: 118 Questions & Answers with Testing Engine

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Because Oracle Financial Consolidation and Close 2020 Implementation Essentials is issued by an industry-recognized vendor, employers read it as proof of real skill. TestSimulate helps you earn that credential with 118 practice questions mapped to the 1Z0-1081-20 exam objectives.

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 Price:$245 USD
Passing Score:66%
Exam Duration:120 minutes
Available Languages:English
Certificate Validity Period:18 months (Cloud Recertification Policy)
Real Exam Qty:60
Exam Format:Multiple Select, Multiple Choice
Recommended Training:Oracle Financial Consolidation and Close 2020 Learning Subscription
Oracle Financial Consolidation and Close Implementation Guide
Exam Registration:Oracle Certification Portal
Pearson VUE Registration
Sample Questions:Oracle 1Z0-1081-20 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:

SectionWeightObjectives
Topic 1: Data Integration15%- Manage data with Lifecycle Management
- Define data load rules and execute data loads
- Create import formats and mappings
Topic 2: Business Process Setup20%- Run the setup wizard
- Configure system profiles and source systems
- Describe FCC features and use cases
Topic 3: Journals, Approvals, and Close Management15%- Create journals and journal templates
- Automate tasks with EPM Automate
- Configure approval processes
- Use Task Manager and Supplemental Data
Topic 4: Dimension Management25%- Add and edit members using Simplified Editor
- Work with Account, Entity, Scenario, and Movement dimensions
- Import/export members and assign security access
Topic 5: Consolidation and Translation25%- Explain consolidation and closing balance calculation
- Create configurable consolidation rules
- Configure translation methods and exchange rates
- Set up ownership and statutory consolidation

Everything Candidates Ask About Oracle Financial Consolidation and Close 2020 Implementation Essentials

The 1Z0-1081-20 exam, officially titled Oracle Financial Consolidation and Close 2020 Implementation Essentials, is the qualifying exam for the Oracle Financial Consolidation and Close 2020 Certified Implementation Specialist certification, which sits at the Specialist level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a Oracle career path.

The 1Z0-1081-20 exam gives you 60 questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.

The passing score for Oracle Financial Consolidation and Close 2020 Implementation Essentials is 66%, and the official registration fee is $245 USD. Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.

According to the official requirements: No mandatory prerequisites; hands-on experience with Oracle EPM Cloud recommended. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.

Registration for the 1Z0-1081-20 exam is handled through the official channels below:

The exam is delivered in the following format: Online proctored or onsite at Pearson VUE test centers. Pick a date that leaves room for at least one full timed practice test beforehand.

Oracle recommends the following official training options for candidates preparing for Oracle Financial Consolidation and Close 2020 Implementation Essentials:

Courses build the foundation, but they work best alongside question practice. That is where TestSimulate comes in: the 118 practice questions in our 1Z0-1081-20 package let you rehearse the exam format at your own pace and see exactly where you stand.

Yes — TestSimulate offers a free PDF demo of the Oracle Financial Consolidation and Close 2020 Implementation Essentials material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.

If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 1Z0-1081-20 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.

The current Oracle Financial Consolidation and Close 2020 Implementation Essentials syllabus is organized into 5 exam domains. The first three are:

  • Consolidation and Translation (25%)
  • Journals, Approvals, and Close Management (15%)
  • Data Integration (15%)

For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.

Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions:

Question #1

Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

  • A. Provide predictive analysis and modeling.
  • B. Provide a strong compliance framework that includes auditing and segregation of duties.
  • C. Ensure security of sensitive data.
  • D. Integrate with source systems.
Answer: B,C,D
Question #2

Which item describes the use for the Currency dimension property Triangulation Currency?

  • A. The ability to calculate CTA (Cumulative Translation Adjustment)
  • B. The ability to calculate foreign exchange rates
  • C. The ability to report in multiple currencies
  • D. The ability to force translations
  • E. The ability to input foreign exchange rates
Answer: B
Question #3

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

  • A. The Intercompany Alias is set to the Entity Name.
  • B. The Intercompany Alias is automatically changed to the new Entity Alias.
  • C. The Intercompany Alias is automatically set to the Intercompany Name.
  • D. The Intercompany Alias is not automatically changed to the new Entity Alias.
Answer: B
Question #4

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

  • A. Grid
  • B. Image
  • C. Header
    Explanation/Reference:
    Report objects include:
    * Grids
    * Text
  • D. Chart
Answer: A,D

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Question #5

For your business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

  • A. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
  • B. Edit the numbers using a web form or Smart View after consolidating.
  • C. Create an on-demand rule in Calculation Manager that you run after consolidation.
  • D. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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