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Finding time to prepare for the Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials exam is hard when work already fills your week. Fast2test packs 86 focused practice questions for the 1z1-983 exam into formats you can study in short bursts, so every spare half hour moves you closer to a pass.
Oracle 1z1-983 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-983 |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | Oracle Cloud certification version-based |
| Exam Price: | USD 245 |
| Passing Score: | 64% |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 70 |
| Related Certifications: | Oracle Financial Consolidation and Close Cloud Service Certified Implementation Specialist |
| Sample Questions: | Oracle 1z1-983 Sample Questions |
| Exam Way: | Pearson VUE testing center or Oracle-authorized online delivery (availability dependent on Oracle policy at the time of testing). |
| Pre Condition: | No formal prerequisite exam required. Oracle recommends hands-on implementation experience with Financial Consolidation and Close Cloud Service. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z1-983 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Close Process Management | - Close Activities
|
| Topic 2: Application Lifecycle Management | - Migration and Automation
|
| Topic 3: Journals and Adjustments | - Journal Management
|
| Topic 4: Manage Security | - Security Configuration
|
| Topic 5: Manage Dimensions | - Dimension Maintenance
|
| Topic 6: Data Management and Integration | - Load and Manage Data
|
| Topic 7: Set Up the Financial Consolidation and Close Business Process | - Application Setup
|
| Topic 8: Financial Consolidation and Close Overview | - Describe Financial Consolidation and Close features
|
| Topic 9: Reporting and Analysis | - Financial Reporting
|
| Topic 10: Set Up and Run Consolidations | - Consolidation Processing
|
1z1-983 Exam FAQ: What Candidates Ask About Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials
The 1z1-983 exam, officially titled Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials, is the Oracle exam you pass to earn the Financial Consolidation and Close Cloud certification, a credential at the Implementation Specialist level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as Oracle Financial Consolidation and Close Cloud Service Certified Implementation Specialist.
The 1z1-983 exam includes 70 questions and gives you 120 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.
The passing score for the 1z1-983 exam is 64%, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying USD 245 again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.
Oracle lists the following prerequisites or eligibility notes for the 1z1-983 exam: No formal prerequisite exam required. Oracle recommends hands-on implementation experience with Financial Consolidation and Close Cloud Service.. Requirements can change over time, so confirm the details on the official exam page at Oracle's official site before you register.
Yes. Fast2test offers a free PDF demo of the 1z1-983 material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding 1z1-983 exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.
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The 1z1-983 exam blueprint is divided into 10 domains, starting with Close Process Management; Journals and Adjustments; Set Up and Run Consolidations. For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.
Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials Sample Questions:
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 4-4-4-4
- B. 4-4-4-5
- C. 3-3-3-4
- D. 3-3-3-3
Correct Answer: C 🗳️
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
- A. FCCS_CashFlow_Operating movement member
- B. FCCS_CashFlow_Accounts Payable account member
- C. FCCS_CashChange movement member
- D. FCCS_Total Balance Sheet - Cash and NonCash account member
- E. FCCS_Accounts Payable account member
Correct Answer: B,D 🗳️
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. From Currency, Movement, Scenario
- B. Value, Entity, Account
- C. Multi-GAAP, Data Type, Intra-company
- D. Period, Year, Entity
- E. Data source, Consolidation, View
Correct Answer: D 🗳️
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Elimination Consolidation Dimension member
- B. Intercompany Accounts
- C. Intercompany Plug Accounts
- D. Intercompany Partners
Correct Answer: D 🗳️
Which statement correctly describes what happens to parent entities during consolidation?
- A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
- B. The changes in the relational database are synced to the underlying Essbase cube.
- C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
- D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
Correct Answer: C 🗳️
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