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1Z0-1081-25 Exam Topics and Domains
1Z0-1081-25 is organized into 11 weighted domains. Expect to work with Data Management, Calculation Manager, Application Settings, Business Rules, and more.
Financial Consolidation and Close Overview
Describe Financial Consolidation and Close Features
- Understand the purpose and capabilities of Oracle Financial Consolidation and Close
- Identify key features that support consolidation and close processes
- Recognize new features in 25A release
Set Up the Financial Consolidation and Close Business Process
Run the Setup Wizard for the FCC Business Process
- Execute the FCC setup wizard successfully
- Configure initial business process settings appropriately
- Make informed decisions during application setup
Add Users and Assign Security Roles
- Add users to the FCC application through EPM Cloud
- Assign appropriate security roles based on job responsibilities
- Implement proper security segregation
Describe Period and Movement as Dense Dimensions (DSO)
- Understand the concept of dense dimensions in FCC/Essbase
- Configure Period and Movement dimensions appropriately
- Optimize database performance through proper dimension design
Manage Dimensions
Describe the Account, Entity, and Scenario Dimensions
- Understand the purpose and structure of core dimensions
- Configure dimension properties for proper consolidation
- Design appropriate hierarchies for reporting needs
Add and Edit Members Using the Simplified Dimension Editor
- Add and edit dimension members efficiently
- Use the Simplified Dimension Editor effectively
- Configure member properties for optimal performance
Import Members from a File
- Import dimension members from files successfully
- Validate and troubleshoot import processes
- Create properly formatted import files
Add Members to the Currency and Movement Dimensions
- Configure currency and movement dimensions appropriately
- Set up multi-currency consolidation environments
- Understand movement tracking for balance calculations
Assign Security Access to Dimension Members
- Assign security access to dimension members
- Implement appropriate data security controls
- Manage hierarchical security inheritance
Set Up and Run Consolidations
Explain the Consolidation Process (Translate, Eliminate, Consolidate)
- Understand the multi-step consolidation process thoroughly
- Explain translate, eliminate, and consolidate steps in detail
- Recognize the sequence and dependencies in consolidation
Enter Exchange Rates and Historical Override Rates and Amounts
- Enter and manage exchange rates for consolidation
- Use historical override rates and amounts when needed
- Understand different rate types and their applications
Configure the Default Translation Method and Default Rate Accounts
- Configure translation methods for different account types
- Set up default rate accounts appropriately
- Customize translation behavior when needed
Explain the Calculation Statuses for Entities
- Understand entity calculation statuses completely
- Manage entity states during consolidation process
- Recognize status transitions and their causes
Run the Consolidation Process
- Execute the consolidation process successfully
- Monitor and troubleshoot consolidation
- Optimize consolidation performance
Translate Data to Reporting Currencies
- Translate data to multiple reporting currencies
- Manage currency translation adjustments
- Understand translation impact on financial statements
Explain Intercompany Entity Aggregation Options
- Understand intercompany entity aggregation options
- Configure aggregation options appropriately
- Manage intercompany eliminations
Configure Opening and Closing Balance System Rules
- Configure opening and closing balance rules
- Manage balance transitions between periods
- Understand movement tracking for balances
Set Up Advanced Consolidations
Create Custom Consolidation Calculations with Configurable Calculations and On Demand Rules
- Create custom consolidation calculations
- Use configurable calculations and on-demand rules effectively
- Manage calculation execution and dependencies
Customize the Translation Process Using Translation Rules and Custom Rate Accounts
- Customize translation process with rules
- Create and use custom rate accounts
- Handle complex translation scenarios
Configure Statutory Consolidations Using Ownership Management and Consolidation Methods
- Configure statutory consolidations using ownership management
- Set up appropriate consolidation methods for different entities
- Manage complex ownership structures
Create Consolidation Adjustments with Configurable Consolidation Rules
- Create consolidation adjustments efficiently
- Use configurable consolidation rules
- Automate common adjustment scenarios
Explain the Benefits of Using Groovy Rules in FCC
- Understand benefits of Groovy rules in FCC
- Identify appropriate use cases for Groovy
- Recognize when Groovy is preferred over other methods
Build Out Your Financial Consolidation and Close Solution
Describe Valid Intersection Rules
- Understand and configure valid intersection rules
- Optimize data entry with valid intersections
- Improve data quality through validation
Create Forms
- Create forms for data entry and review
- Design user-friendly form layouts
- Configure form properties effectively
Manage the Close Process Using Task Manager
- Set up and manage close process using Task Manager
- Create and monitor close workflow tasks
- Optimize close process efficiency
Manage Data Collection Using Supplemental Data
- Manage data collection using supplemental data
- Integrate supplemental data with consolidation process
- Use supplemental data in calculations and reporting
Define Custom Navigation Flows
- Define custom navigation flows
- Optimize user experience with navigation
- Create role-based navigation structures
Manage Journals
Create Consolidation Journals and Consolidation Journal Templates
- Create consolidation journals
- Use journal templates for efficiency
- Manage journal posting and workflow
Create and Manage Enterprise Journals
- Create and manage enterprise journals
- Set up journal approval processes
- Automate recurring journal entries
Manage Approvals
Explain the Approval Process for Entities
- Understand entity approval process completely
- Manage entity submissions and approvals
- Track approval status and workflow
Set Up the Approval Process
- Set up and configure approval process
- Design approval workflows for organization
- Configure approval notifications
Explain Approval Groups and Phased Submissions
- Understand approval groups and phased submissions
- Implement multi-phase approval processes
- Coordinate phased close workflows
Define and Edit Approval Groups
- Define and edit approval groups
- Manage approval group membership
- Configure group permissions
Assign Approval Groups to an Approval Unit Hierarchy
- Assign approval groups to approval unit hierarchy
- Configure hierarchical approval routing
- Validate approval path configurations
Manage Business Process Data
Import and Export; Copy and Clear Data
- Import and export data successfully
- Copy and clear data appropriately
- Validate data operations
Audit Changes to the Application and Data
- Audit changes to application and data
- Use audit trails for compliance
- Track user activity and changes
Back Up and Migrate Data and Metadata
- Back up application data and metadata
- Migrate FCC applications between environments
- Implement disaster recovery procedures
Automate Repetitive Tasks Using EPM Automate
- Automate tasks using EPM Automate
- Schedule and execute batch processes
- Create EPM Automate scripts
Clone FCC Environments
- Clone FCC environments successfully
- Manage development and testing environments
- Implement environment management best practices
Design Reports and Dashboards
Create Journal, Intercompany, and Consolidation Reports
- Create journal, intercompany, and consolidation reports
- Analyze consolidation data through reports
- Schedule and distribute reports
Create and Run Financial Reports
- Create and run financial reports
- Format and distribute reports professionally
- Use advanced report functions
Create Dashboards
- Create dashboards for data visualization
- Design interactive dashboards
- Organize dashboards effectively
Loading Data Using Data Integration
Register and Edit Application Details
- Register FCC application in Data Integration
- Manage application connection details
- Test and validate connections
Set Up Integration Prerequisites
- Set up prerequisites for data integration
- Configure data sources and mappings
- Map dimensions correctly
Create, Edit, and Run Integrations
- Create and edit data integrations
- Run and monitor integrations
- Schedule automated integrations
View Integrations in Workbench
- View and monitor integrations in Workbench
- Troubleshoot integration issues
- Validate integration results
How do I earn this certification?
Passing 1Z0-1081-25 earns the Oracle Financial Consolidation and Close 2025 Certified Implementation Professional certification. It sits in the Oracle EPM Cloud - Financial Consolidation and Close track.
- 1Z0-1067-24 - Oracle Planning 2024 Implementation Professional Complementary EPM Cloud planning skills, often used together with FCCS
- 1Z0-1071-24 - Oracle Account Reconciliation 2024 Implementation Professional Complementary reconciliation and close process skills, part of integrated EPM close process
- 1Z0-1065-24 - Oracle Profitability and Cost Management 2024 Implementation Professional Related financial management and costing expertise for advanced analytics
- 1Z0-1054-24 - Oracle Financials Cloud: General Ledger 2024 Implementation Professional Upstream financial data management knowledge, data source for FCCS
- 1Z0-1110-24 - Oracle Cloud Infrastructure Data Science 2024 Professional Advanced analytics and ML capabilities for financial forecasting
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What's changed on this exam?
- ACTIVE
- Last content update: 2025-01-01
- Oracle Financial Consolidation and Close Cloud 25A 1Z0-1081-25 exam validates against 25A release • Release date: 2024-10-01
- EPM Task Manager Current with EPM Cloud updates Enhanced task management features in close process domain • Release date: 2024-09-01
- Data Integration Current with EPM Cloud updates Updated integration features in data loading domain • Release date: 2024-08-01
- Groovy Rules for FCCS Enhanced capabilities Advanced consolidation domain coverage expanded • Release date: 2024-07-01
Who should take this exam?
- Hands-on experience with Oracle Financial Consolidation and Close Cloud
- Understanding of financial consolidation concepts and processes
- Knowledge of Oracle EPM Cloud platform
- Familiarity with dimension management and metadata structures
- Experience with data integration and ETL processes
- Understanding of financial reporting requirements