1z0-983 Exam Questions Answers

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5. Here Are Oracle 1z0-983 Exam Questions

6. Question No 1:
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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.Locationsecurity allows users to be provisioned in Shared Services for read or modify access to each location.
C.Locationscan share dimension member mappings by specifying a location as a parent location of others.
D.Thelogic account group is required in order to effect running of calculations after the data load.
E.Locationsmust specify an import format, which may be used by other locations.
F.Dataload rules can be shared across locations.
Answer: C E

7. Question No 2:
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
A.TheFCCS_NoIntercompany member of the ICP dimension will be used for all data.
B.Datacan be stored by intercompany partner but no eliminations will occur.
C.Anextra custom dimension will be available.
D.TheICP dimension will be omitted.
Answer: A
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8. Question No 3:
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern
consolidation and close solution?
A.Ensuresecurity of sensitive data.
B.Integratewith source systems.
C.Providepredictive analysis and modeling.
D.Providea strong compliance framework that includes auditing and segregation of duties.
Answer: B C D
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9. Question No 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_Reportingcurrency 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
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10. Question No 5:
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
A.BaseCurrency
B.ParentCurrency
C.LocalCurrency
D.EntityCurrency
Answer: B
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11. Question No 6:
Which statement is correct regarding intercompany eliminations?
A.Intercompanyeliminations are generally required to remove the effect of transactions within the company.
B.Intercompanyeliminations are required for sustainability reporting to show the company's waste output.
C.Intercompanyeliminations are optional in FCCS and use one of the custom dimensions when enabled.
D.Intercompanyeliminations are needed when a company divests itself of a division.
Answer: D
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12. Question No 7:
Which dimension includes the FCCS_GlobalAssumption member that is used to store currency information?
A.Account
B.FromCurrency
C.Entity
D.Currency
Answer: B
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13. Question No 8:
Which three fields must be defined when registering a file-based source system in Data Management?
A.SourceType
B.DrillURL
C.CloudType
D.Description
E.Name
Answer: B D E
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14. Question No 9:
Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?
A.Allmembers are accessible for dimensions with no security applied.
B.TheIdentity Domain Administrator inherits full access privileges.
C.Securityis mandatory for one dimension.
D.Securitycan be assigned at a parent level.
E.Securitycan be disabled for any dimension.
Answer: A
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15. Question No 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.NeverShare
C.NoRate
D.DynamicCalcand Store
E.Dynamic
Answer: A
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