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 #10

Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

A. Scenario, View, Parent Entity and Account

B. Scenario, Account, Base Entity and Parent Entity

C. Period, Scenario, Base Entity and Parent Entity

D. Year, Scenario, Base Entity and Account

Discussion 0

Correct Answer: C Vote an answer

Question #11

What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A. enables the application to perform Intercompany eliminations

B. process will separate total elimination values by Data Source.

C. enables the Elimination member in the Consolidation dimension

D. enables the application to include Intercompany data.

Discussion 0

Correct Answer: B Vote an answer

Question #12

A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.

B. The subsidiary must have a parent entity with a GBP currency.

C. USD must be created as a reporting currency.

D. Common Stock must have a Data Storage property set to Never Share.

E. The subsidiary must have a balance not equal to zero in Common Stock.

Discussion 0

Correct Answer: B,E Vote an answer

Question #13

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

A. Header

B. Grid

C. Image

D. Chart

Discussion 0

Correct Answer: A Vote an answer

Question #14

Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A. Cloud Type

B. Source Type

C. Description

D. Name

E. Drill URL

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #15

Which statement is true regarding shared members and valid intersection rules?

A. If a base member is included in a valid intersection rule, then any shared member is not included in the rule

B. Shared members are supported in valid intersection rules

C. Shared members are not supported in valid intersection rules

D. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

Discussion 0

Correct Answer: B Vote an answer

Question #16

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A. when the tasks require consistent definition across close schedules

B. when the tasks are often late in completion and they need to be monitored more closely

C. when the tasks are repeatable over multiple close cycles

D. when the tasks require multiple levels of approvers

Discussion 0

Correct Answer: B Vote an answer

Question #17

UESTION NO: 64
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

B. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.

C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

D. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

Discussion 0

Correct Answer: A,D Vote an answer

Question #18

Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)

A. Comma delimited

B. Tab delimited

C. DAT file type

D. Excel XLS file type

Discussion 0

Correct Answer: A,B Vote an answer

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