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 #19

On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

A. the first and third Friday of each month; first Friday for TEST and third Friday for PROD

B. the third Friday of each month to apply to both TEST and PROD simultaneously

C. the first and third Monday of each month; first Monday for TEST and third Monday for PROD

D. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

Discussion 0

Correct Answer: A Vote an answer

Question #20

For data load rules in Data Management, which two statements are FALSE?

A. A job must first run to import the data file before the user can run the data load rule.

B. Valid load types are Merge and Replace.

C. Data load rules cannot be shared across locations.

D. End users can upload a file when running a data load rule.

E. If specified, the import format will be used; if not, then the location's format will be used.

Discussion 0

Correct Answer: A,B Vote an answer

Question #21

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are required for sustainability reporting to show the company's waste output.

B. Intercompany eliminations are generally required to remove the effect of transactions within the company.

C. Intercompany eliminations are needed when a company divests itself of a division.

D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

Discussion 0

Correct Answer: B Vote an answer

Question #22

Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A. Entity, Consolidation, Currency

B. Entity, Currency, Account

C. Currency, Account, Movement

D. Consolidation, Currency, Account

Discussion 0

Correct Answer: C Vote an answer

Question #23

When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A. Designing dynamic reports

B. Expanded vs. single data segments

C. Report performance

D. Suppress missing blocks

Discussion 0

Correct Answer: D Vote an answer

Question #24

How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

B. Enable a dimension for Currency after application creation via a Metadata load.

C. During application creation, select the Multicurrency option of "Yes".

D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Discussion 0

Correct Answer: B Vote an answer

Question #25

Which explains why the Currency dimension does NOT display in your application?

A. Security access to the Multi-GAAP dimension is required

B. Multi-Currency option was not selected at application creation

C. Entity-specific security rights were not properly granted

D. Security has not been granted

Discussion 0

Correct Answer: B Vote an answer

Question #26

Which statement is FALSE when enabling a Multi-GAAP application?

A. Additional GAAP adjustment can be created.

B. The Multi-GAAP dimension is optional.

C. The system automatically creates an FCCS_IFRS member.

D. Two custom dimensions are available after enabling Multi-GAAP.

Discussion 0

Correct Answer: D Vote an answer

Question #27

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

A. All members are accessible for dimensions with no security applied.

B. Security is mandatory for one dimension.

C. Security can be assigned at a parent level.

D. The Identity Domain Administrator inherits full access privileges.

E. Security can be disabled for any dimension.

Discussion 0

Correct Answer: A Vote an answer

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