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Vendor Oracle
Exam Code 1Z0-983
Full Exam Name Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials
Certification Name Oracle Cloud
Technology Close Cloud Service

♥ 2018 VALID 1Z0-983 Exam Questions ♥

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Latest Oracle 1Z0-983 Exam Questions and Answers:

Version: 6.0
Question: 1

Which two statements are correct with regard to Data Management locations?
A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper
accounting controls.
B. Location security allows users to be provisioned in Shared Services for read or modify access to
each location.
C. Locations can share dimension member mappings by specifying a location as a parent location of
D. The logic account group is required in order to effect running of calculations after the data load.
E. Locations must specify an import format, which may be used by other locations.
F. Data load rules can be shared across locations.
Answer: CE 
Question: 2

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options
were enabled.
Which statement is true?
A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
B. Data can be stored by intercompany partner but no eliminations will occur.
C. An extra custom dimension will be available.
D. The ICP dimension will be omitted.
Answer: A 
Question: 3

Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)
deliver to ensure a modern consolidation and close solution?
A. Ensure security of sensitive data.
B. Integrate with source systems.
C. Provide predictive analysis and modeling.
D. Provide a strong compliance framework that includes auditing and segregation of duties.
Answer: BCD 
Question: 4

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a
European company that consolidates in Euro. One of Company XYZ's subsidiaries is Company IOU,
headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
A. A translation to the USD_Reporting currency member for Company IOU
B. A translation of Company IOU
C. A consolidation of Company 123
D. A consolidation of Company XYZ
E. A translation of Company XYZ to Parent Currency
Answer: A 
Question: 5

What member of the Currency dimension is associated with the Entity Input member of the
Consolidation dimension?
A. Base Currency
B. Parent Currency
C. Local Currency
D. Entity Currency
Answer: B