Download Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials.1z0-983.PrepAway.2019-05-15.47q.vcex
| Vendor: | Oracle |
| Exam Code: | 1z0-983 |
| Exam Name: | Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials |
| Date: | May 15, 2019 |
| File Size: | 34 KB |
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Demo Questions
Question 1
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
- The FCCS_No Intercompany member of the ICP dimension will be used for all data.
- Data can be stored by intercompany partner but no eliminations will occur.
- An extra custom dimension will be available.
- The ICP dimension will be omitted.
Correct answer: D
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 2
For which three tasks can Data Management be used? (Choose three.)
- loading data that is period-to-date or year-to-date
- drilling through from a web form or Smart View
- loading data from a fixed width or delimited text file
- writing back data to source systems
- loading a Metadata Import File
Correct answer: BCD
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/data_loads_and_write-back.html Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/data_loads_and_write-back.html
Question 3
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- a column
- Other Options section
- the Page Axis
- the Point of View
Correct answer: D
Explanation:
Reference: https://docs.oracle.com/cd/E57185_01/OHFMU/help_journalstree.htm#OHFMU-Journals480785 Reference: https://docs.oracle.com/cd/E57185_01/OHFMU/help_journalstree.htm#OHFMU-Journals480785
Question 4
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- Account
- From Currency
- Entity
- Currency
Correct answer: B
Question 5
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 6
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- Period, Year, Entity
- From Currency, Movement, Scenario
- Multi-GAAP, Data Type, Intra-company
- Value, Entity, Account
- Data source, Consolidation, View
Correct answer: A
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 7
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 8
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 9
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
Explanation:
Question 10
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)
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