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 #28

What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

A. FCCS_Contribution

B. FCCS_Entity Total

C. FCCS_Parent Currency

D. FCCS_Entity Consolidation

Discussion 0

Correct Answer: A Vote an answer

Question #29

Which four items are active components of the Currency dimension? (Choose four.)

A. Entity Currency

B. Input Currencies

C. Parent Currency

D. Reporting Currencies

E. Translated Currencies

F. Entity Currency Adjustments

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question #30

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A. An extra custom dimension will be available.

B. Data can be stored by intercompany partner but no eliminations will occur.

C. The ICP dimension will be omitted.

D. The FCCS_No Intercompany member of the ICP dimension will be used for all data.

Discussion 0

Correct Answer: C Vote an answer

Question #31

What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A. Reporting Currency

B. Input Currency

C. Entity Currency

D. Parent Currency

Discussion 0

Correct Answer: A Vote an answer

Question #32

For which three levels can Profiles be set in Data Management?

A. Source System

B. Application

C. User

D. System

E. Category

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #33

Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

A. 4-4-4-5

B. 3-3-3-4

C. 4-4-4-4

D. 3-3-3-3

Discussion 0

Correct Answer: B Vote an answer

Question #34

For which three tasks can Data Management be used? (Choose three.)

A. loading data that is period-to-date or year-to-date

B. loading a Metadata Import File

C. writing back data to source systems

D. drilling through from a web form or Smart View

E. loading data from a fixed width or delimited text file

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #35

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. There is no way to do a prior period entry like this.

B. February should be consolidated, after which the cash at AceCo is now 65.

C. January and February should be consolidated.

D. January should be consolidated for the change and nothing needs to happen for February.

Discussion 0

Correct Answer: C Vote an answer

Question #36

Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A. Select Dimensions, then Actions, and then Import Data

B. Select Import, then Actions, and then Data

C. Select Application, then Overview, then Data, and then Export

D. Select Application, then Overview, then Actions, and then Import Data

Discussion 0

Correct Answer: D Vote an answer

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