Oracle 1Z0-983 Practice Exam Material 1Z0-983 Best Exam Result 2018

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Question: 1

Which two statements are correct with regard to Data Management locations?

A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper

accounting controls.

B. Location security allows users to be provisioned in Shared Services for read or modify access to

each location.

C. Locations can share dimension member mappings by specifying a location as a parent location of

others.

D. The logic account group is required in order to effect running of calculations after the data load.

E. Locations must specify an import format, which may be used by other locations.

F. Data load rules can be shared across locations.

Answer: CE

Question: 2

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options

were enabled.

Which statement is true?

A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.

B. Data can be stored by intercompany partner but no eliminations will occur.

C. An extra custom dimension will be available.

D. The ICP dimension will be omitted.

Answer: A

Question: 3

Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS)

deliver to ensure a modern consolidation and close solution?

A. Ensure security of sensitive data.

B. Integrate with source systems.

C. Provide predictive analysis and modeling.

D. Provide a strong compliance framework that includes auditing and segregation of duties.

Answer: BCD

Question: 4

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 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. A translation to the USD_Reporting currency member for Company IOU

B. A translation of Company IOU

C. A consolidation of Company 123

D. A consolidation of Company XYZ

E. A translation of Company XYZ to Parent Currency

Answer: A

Question: 5

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

Consolidation dimension?

A. Base Currency

B. Parent Currency

C. Local Currency

D. Entity Currency

Answer: B

Question: 6

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are generally required to remove the effect of transactions within the

company.

B. Intercompany eliminations are required for sustainability reporting to show the company's waste

output.

C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when

enabled.

D. Intercompany eliminations are needed when a company divests itself of a division.

Answer: D

Question: 7

Which dimension includes the FCCS_Global Assumption member that is used to store currency

information?

A. Account

B. From Currency

C. Entity

D. Currency

Answer: B

Question: 8

Which three fields must be defined when registering a file-based source system in Data

Management?

A. Source Type

B. Drill URL

C. Cloud Type

D. Description

E. Name

Answer: BDE

Explanation:

https://docs.oracle.com/en/cloud/saas/enterprise-performance-managementcommon/

erpia/registering_file-based_source_systems.html

Question: 9

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

A. All members are accessible for dimensions with no security applied.

B. The Identity Domain Administrator inherits full access privileges.

C. Security is mandatory for one dimension.

D. Security can be assigned at a parent level.

E. Security can be disabled for any dimension.

Answer: A

Question: 10

What is the Data Storage value for an account that must remain at a historical exchange rate and not

retranslate with current rates?

A. Store

B. Never Share

C. No Rate

D. Dynamic Calc and Store

E. Dynamic

Answer: A

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