Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials (1z0-983) Free Practice Test

Question 1

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Value, Entity, Account

B. Data source, Consolidation, View

C. Period, Year, Entity

D. Multi-GAAP, Data Type, Intra-company

E. From Currency, Movement, Scenario

Correct Answer: C

Question 2

You are required to create a form to allow users to input data. Which three actions or form components selected should accomplish this?

A. Level 0 dimension members on POV, rows and columns

B. Give data input users WRITE access to form dimension members

C. Set the currency on the form to the reporting currency member USD_Reporting

D. Set access rights for data input users to the form

Correct Answer: A,B,D

Question 3

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A. Supplemental Data Management

B. Process Management

C. Account Reconciliation Management

D. Data Management

E. Financial Close Management

Correct Answer: C

Question 4

What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Entity Currency

B. Parent Currency

C. Base Currency

D. Local Currency

Correct Answer: A

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Question 5

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The associated Intercompany member is automatically removed.

B. The associated Intercompany member must be manually removed.

C. The alias of the associated Intercompany member must be manually changed.

D. The alias of the associated Intercompany member is automatically updated.

Correct Answer: D

Question 6

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A. FCCS_Amount_Override

B. FCCS_Rate Override

C. FCCS_Elimination

D. FCCS_Proportion

E. FCCS_Translation

F. FCCS_Contribution

Correct Answer: B,C

Question 7

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A. Add custom members for Additions and Disposals as dependents of
FCCS_Mvmts_CapitalExpenditures.

B. Load detailed Fixed Asset data to Movement members.

C. Add custom Movement members to the FCCS_CashFlow hierarchy.

D. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

E. Create a Roll Forward in the account dimension.

Correct Answer: A,B,D

Question 8

Which statement correctly describes what happens to parent entities during consolidation?

A. 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.

B. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

C. The changes in the relational database are synced to the underlying Essbase cube.

D. 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.

Correct Answer: A

Question 9

Which statement accurately describes alternate hierarchies?

A. Parent members having the same currency

B. Contribution to parent members are similar

C. Single entities having multiple parents

D. Data must be entered multiple times for shared members

Correct Answer: C

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Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials (1z0-983) Free Practice Test