Oracle 1z0-983 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-983
Exam Name/Title: Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Financial Consolidation and Close Cloud

Exam Questions: 86
Updated On: Jul 10, 2026

Question #1

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Period, Year, Entity

B. From Currency, Movement, Scenario

C. Value, Entity, Account

D. Multi-GAAP, Data Type, Intra-company

E. Data source, Consolidation, View

Discussion 0

Correct Answer: A Vote an answer

Question #2

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A. FCCS_Proportion

B. FCCS_Amount_Override

C. FCCS_Elimination

D. FCCS_Contribution

E. FCCS_Translation

F. FCCS_Rate Override

Discussion 0

Correct Answer: C,F Vote an answer

Question #3

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A. Add custom Movement members to the FCCS_CashFlow hierarchy.

B. Add custom members for Additions and Disposals as dependents of
FCCS_Mvmts_CapitalExpenditures.

C. Create a Roll Forward in the account dimension.

D. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

E. Load detailed Fixed Asset data to Movement members.

Discussion 0

Correct Answer: B,D,E Vote an answer

Question #4

What can the Intercompany Dimension be enabled and made visible within your application?

A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

C. during application creation and selecting the Multi-source Data Input of Other Data

D. during application creation and selecting the Intercompany Data feature option

Discussion 0

Correct Answer: D Vote an answer

Question #5

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 input foreign exchange rates

C. The ability to force translations

D. The ability to report in multiple currencies

E. The ability to calculate foreign exchange rates

Discussion 0

Correct Answer: E Vote an answer

Question #6

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A. you can't load data to this account

B. this setting will not affect additions or subtractions to the next parent

C. subtract amounts consolidated to the parent

D. add amounts consolidated to the parent

Discussion 0

Correct Answer: C Vote an answer

Question #7

Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A shared entity has a parent with a different currency.

B. A parent entity has the same default currency as its parent.

C. A parent entity has a different currency from its parent.

D. A base entity currency has a parent entity with a different default currency.

E. A base entity currency has a parent entity with a matching default currency.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #8

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

D. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

Discussion 0

Correct Answer: A,D Vote an answer

Question #9

Which statement correctly describes the Consolidation dimension?

A. The dimension uses a separate member to store data from an entity's descendants.

B. The dimension aggregates input, consolidated, and elimination data together.

C. The dimension contains members to store non-controlling interest and joint venture data.

D. The dimension allows users to see input versus journal adjustment data.

Discussion 0

Correct Answer: D Vote an answer

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