|Exam Name||:||Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials|
|Questions and Answers||:||80 Q & A|
|Updated On||:||Click to Check Update|
|PDF Download Mirror||:||1Z0-983 Brain Dump|
|Get Full Version||:||Pass4sure 1Z0-983 Full Version|
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.
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
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
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?
Other Options section
the Page Axis
the Point of View
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?
All members are accessible for dimensions with no security applied.
The Identity Domain Administrator inherits full access privileges.
Security is mandatory for one dimension.
Security can be assigned at a parent level.
Security can be disabled for any dimension.
Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)
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.
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf (32)
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ’s subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
A translation to the USD_Reporting currency member for Company IOU
A translation of Company IOU
A consolidation of Company 123
A consolidation of Company XYZ
A translation of Company XYZ to Parent Currency
Which statement is correct regarding intercompany eliminations?
Intercompany eliminations are generally required to remove the effect of transactions within the company.
Intercompany eliminations are required for sustainability reporting to show the company’s waste output.
Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
Intercompany eliminations are needed when a company divests itself of a division.