1z1-983 by Oracle Actual Free Exam Questions And Answers

Question 1

Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.

B. The dimension aggregates input, consolidated, and elimination data together.

C. The dimension allows users to see input versus journal adjustment data.

D. The dimension uses a separate member to store data from an entity's descendants.

Discussion 0

Correct Answer: C Vote an answer

Question 2

Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)

A. DAT file type

B. Excel XLS file type

C. Comma delimited

D. Tab delimited

Discussion 0

Correct Answer: C,D Vote an answer

Question 3

To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A. Metadata Administrator

B. Metadata Supervisor

C. Power User

D. System Administrator

Discussion 0

Correct Answer: A Vote an answer

Question 4

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

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

C. The task will not run.

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

Discussion 0

Correct Answer: B Vote an answer

Question 5

When enabling Multi-GAAP during application creation, which additional option is available?

A. Allow adjustments for IFRS

B. Track Multi-Source Data Input

C. Automatically calculate adjustment

D. Include Supplemental Data

Discussion 0

Correct Answer: C Vote an answer

Question 6

Which statement is FALSE when setting up Shared Entities?

A. The calculation status will not change in all instances when data is changed in one instance.

B. When data is posted to one shared entity, the data is posted to all instances.

C. The Data Storage Member Property must set to "Dynamic Calc".

D. You build an alternate hierarchy by using partial share Entity members.

Discussion 0

Correct Answer: C Vote an answer

Question 7

What member of the Currency dimension should be used during data entry for historical override amounts?

A. Entity Currency

B. Parent Currency

C. Input Currencies

D. Reporting Currencies

Discussion 0

Correct Answer: D Vote an answer

Question 8

Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A. FCCS_Proportion

B. FCCS_No Data Source

C. FCCS_Data Input

D. FCCS_SystemTypes

Discussion 0

Correct Answer: A Vote an answer

Question 9

When creating a member mapping for account Sales in Data Management, the following script is entered.
UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A. The script will work if the script is referenced in the In mapping type with #SQL as the target.

B. The script will not work since Data Management does not support scripting.

C. The script will not work since the UD5 member referenced does not start with FCCS_

D. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.

E. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

Discussion 0

Correct Answer: A Vote an answer

Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials - 1z1-983 Exam Practice Test

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