Download Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials.1z0-983.PremDumps.2019-05-25.75q.vcex

Vendor: Oracle
Exam Code: 1z0-983
Exam Name: Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials
Date: May 25, 2019
File Size: 94 KB
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Demo Questions

Question 1
Which two statements are correct with regard to Data Management locations?
  1. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
  2. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
  3. Locations can share dimension member mappings by specifying a location as a parent location of others.
  4. The logic account group is required in order to effect running of calculations after the data load.
  5. Locations must specify an import format, which may be used by other locations.
  6. Data load rules can be shared across locations.
Correct answer: CE
Question 2
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.  
Which statement is true?
  1. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
  2. Data can be stored by intercompany partner but no eliminations will occur.
  3. An extra custom dimension will be available.
  4. The ICP dimension will be omitted.
Correct 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?
  1. Ensure security of sensitive data.
  2. Integrate with source systems.
  3. Provide predictive analysis and modeling.
  4. Provide a strong compliance framework that includes auditing and segregation of duties. 
Correct 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?
  1. A translation to the USD_Reporting currency member for Company IOU
  2. A translation of Company IOU
  3. A consolidation of Company 123
  4. A consolidation of Company XYZ
  5. A translation of Company XYZ to Parent Currency
Correct answer: A
Question 5
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
  1. Base Currency
  2. Parent Currency
  3. Local Currency
  4. Entity Currency
Correct answer: B
Question 6
Which statement is correct regarding intercompany eliminations?
  1. Intercompany eliminations are generally required to remove the effect of transactions within the company.
  2. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
  3. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
  4. Intercompany eliminations are needed when a company divests itself of a division.
Correct answer: D
Question 7
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
  1. Account
  2. From Currency
  3. Entity
  4. Currency
Correct answer: B
Question 8
Which three fields must be defined when registering a file-based source system in Data Management?
  1. Source Type
  2. Drill URL
  3. Cloud Type
  4. Description
  5. Name
Correct answer: BDE
Explanation:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/registering_file-based_source_systems.html
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/registering_file-based_source_systems.html
Question 9
Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?
  1. All members are accessible for dimensions with no security applied.
  2. The Identity Domain Administrator inherits full access privileges.
  3. Security is mandatory for one dimension.
  4. Security can be assigned at a parent level.
  5. Security can be disabled for any dimension.
Correct answer: A
Question 10
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
  1. Store
  2. Never Share 
  3. No Rate
  4. Dynamic Calc and Store
  5. Dynamic
Correct answer: A
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