Free Oracle 1z1-983 Practice Test & Real Exam Questions

Exam Code/Number: 1z1-983
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: Sep 13, 2026

Question #1

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

A. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

B. calculations, dashboards and reports built on planning frameworks to provide cash flow planning

C. pre-built integrations to combine narrative and data to produce both internal and external reporting packages

D. calculations, dashboards and reports to provide analysis for cash flow modeling

Discussion 0

Correct Answer: D Vote an answer

Question #2

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. Drill-back to SDM is not an available feature.

B. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

C. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

D. By selecting Track Multi-source Data Input option for Other Data during the application creation process.

Discussion 0

Correct Answer: B Vote an answer

Question #3

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

A. Report performance

B. Suppress missing blocks

C. Designing dynamic reports

D. Expanded vs. single data segments

Discussion 0

Correct Answer: B Vote an answer

Question #4

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. the Page Axis

B. a column

C. the Point of View

D. Other Options section

Discussion 0

Correct Answer: C Vote an answer

Question #5

You have added a new task to a close schedule with a task due date past the defined end date of the schedule.
What is the result of the change?

A. The schedule end date changes to match the end date of the task.

B. An error, you can't add a new task past the due date.

C. The task will not run.

D. The new task will run outside of the schedule end date.

Discussion 0

Correct Answer: D Vote an answer

Question #6

A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

B. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

C. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls

D. provide the ability to collaborate during close and analyse transaction detail in real time

E. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

Discussion 0

Correct Answer: C,E Vote an answer

Question #7

PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

A. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

B. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

D. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Discussion 0

Correct Answer: C Vote an answer

Question #8

Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

A. FCCS_Journal Input

B. FCCS_PCON

C. FCCS_No Data Source

D. FCCS_Intercompany Eliminations

Discussion 0

Correct Answer: A,D Vote an answer

Question #9

For which three tasks can Data Management be used? (Choose three.)

A. loading data that is period-to-date or year-to-date

B. loading a Metadata Import File

C. drilling through from a web form or Smart View

D. loading data from a fixed width or delimited text file

E. writing back data to source systems

Discussion 0

Correct Answer: C,D,E Vote an answer

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