Download Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials.1z0-983.TestKing.2018-10-10.45q.tqb
| Vendor: | Oracle |
| Exam Code: | 1z0-983 |
| Exam Name: | Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials |
| Date: | Oct 10, 2018 |
| File Size: | 167 KB |
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Demo Questions
Question 1
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- Ensure security of sensitive data.
- Integrate with source systems.
- Provide predictive analysis and modeling.
- Provide a strong compliance framework that includes auditing and segregation of duties.
Correct answer: ABD
Explanation:
Reference: https://www.oracle.com/applications/performance-management/products/financial-consolidation-close-cloud.html Reference: https://www.oracle.com/applications/performance-management/products/financial-consolidation-close-cloud.html
Question 2
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- Chart
- Grid
- Image
- Header
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/frweb/GUID-3559E92E-0EC6-42F8-BB48-97875171067E.pdf Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/frweb/GUID-3559E92E-0EC6-42F8-BB48-97875171067E.pdf
Question 3
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)
- The Cash Change hierarchy cannot be modified.
- All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
- The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
- Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
- Siblings can be added to the FCCS_CashFlow_Investing member.
Correct answer: CDEF
Question 4
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- enables the Elimination member in the Consolidation dimension
- process will separate total elimination values by Data Source.
- enables the application to include Intercompany data.
- enables the application to perform Intercompany eliminations
Correct answer: B
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (32) Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (32)
Question 5
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application? (Choose three.)
- Period, Year, Entity
- From Currency, Movement, Scenario
- Multi-GAAP, Data Type, Intra-company
- Value, Entity, Account
- Data source, Consolidation, View
Correct answer: ABC
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consolidation_configurable_rules.html Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consolidation_configurable_rules.html
Question 6
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- FCCS_No Data Source
- FCCS_Data Input
- FCCS_SystemTypes
- FCCS_Proportion
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (127) Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (127)
Question 7
What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?
- this setting will not affect additions or subtractions to the next parent
- subtract amounts consolidated to the parent
- add amounts consolidated to the parent
- you can’t load data to this account
Correct answer: B
Question 8
Which four items are active components of the Currency dimension? (Choose four.)
- Entity Currency Adjustments
- Reporting Currencies
- Input Currencies
- Translated Currencies
- Entity Currency
- Parent Currency
Correct answer: ABCF
Question 9
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- Scenario, Account, Base Entity and Parent Entity
- Year, Scenario, Base Entity and Account
- Scenario, View, Parent Entity and Account
- Period, Scenario, Base Entity and Parent Entity
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (276) Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (276)
Question 10
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- Load detailed Fixed Asset data to Movement members.
- Add custom Movement members to the FCCS_CashFlow hierarchy.
- Create a Roll Forward in the account dimension.
Correct answer: ABC
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