1z1-983 by Oracle Actual Free Exam Q&As

Question 1

Which statement is FALSE when setting up Shared Entities?

A. You build an alternate hierarchy by using partial share Entity members. B. The calculation status will not change in all instances when data is changed in one instance. C. When data is posted to one shared entity, the data is posted to all instances. D. The Data Storage Member Property must set to "Dynamic Calc".

Discussion 0

Correct Answer: D Vote an answer

Question 2

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A. Close out of Excel, and relog in to Smart View. B. Change one of the Row or Column dimension members and click Refresh. C. Activate the Connection. D. Disconnect from the Smart View connection, and relog in.

Discussion 0

Correct Answer: B Vote an answer

Question 3

Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A shared entity has a parent with a different currency. B. A parent entity has the same default currency as its parent. C. A base entity currency has a parent entity with a different default currency. D. A parent entity has a different currency from its parent. E. A base entity currency has a parent entity with a matching default currency.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 4

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

A. Set access rights for data input users to the form B. Give data input users WRITE access to form dimension members C. Level 0 dimension members on POV, rows and columns D. Set the currency on the form to the reporting currency member USD_Reporting

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 5

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A. by selecting Dimension, then Import, and then Metadata B. by selecting Tasks, then Metadata, and then Import C. by selecting Application, then Overview, then Dimensions, and then Export D. by selecting Application, then Overview, then Dimensions, and then Import

Discussion 0

Correct Answer: A Vote an answer

Question 6

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A. Chart B. Image C. Header D. Grid

Discussion 0

Correct Answer: C Vote an answer

Question 7

What information is included in the data extract export file delimited format?

A. the domain and application name B. the ID of the user performing the extract C. the data load cube name D. the application name

Discussion 0

Correct Answer: D Vote an answer

Question 8

UESTION NO: 64
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input. B. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data. C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input. D. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

Discussion 0

Correct Answer: A,D Vote an answer

Question 9

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is not automatically changed to the new Entity Alias. B. The Intercompany Alias is automatically set to the Intercompany Name. C. The Intercompany Alias is automatically changed to the new Entity Alias. D. The Intercompany Alias is set to the Entity Name.

Discussion 0

Correct Answer: C Vote an answer

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