Exam Name: Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Financial Consolidation and Close Cloud
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Updated: Sep 12, 2026
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Oracle 1z1-983 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-983 |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Cloud Implementation Specialist Certifications Oracle Enterprise Performance Management (EPM) Cloud Certifications |
| Certificate Validity Period: | Retired, no active validity; previously perpetual |
| Exam Price: | USD $245 |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 70 |
| Passing Score: | 64% |
| Recommended Training: | Oracle University: Financial Consolidation and Close Cloud Service Implementation |
| Exam Registration: | Oracle Education Pearson VUE |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | In-person at Pearson VUE centers or online proctored |
| Pre Condition: | No mandatory prerequisites; recommended 6+ months hands-on experience with FCCS |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-cloud-service-2017-implementation-essentials/trackp_1Z0-983 |
Oracle 1z1-983 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration & Management | 15% | - REST API and cross-system integrations - Batch processing and automation - Import formats, mappings, and data load rules - Source systems and target applications |
| Topic 2: EPM Cloud Foundation | 10% | - Cloud security setup and configuration - EPMAutomate and job scheduling |
| Topic 3: Financial Consolidation and Close Cloud Overview | 10% | - Product overview and use cases - Data management overview |
| Topic 4: Dimensions & Modeling | 20% | - Currency and Multi-GAAP dimensions - System dimensions and pre-seeded members - Movement dimension for cash flow and FX - Entity, Intercompany, and Consolidation dimensions |
| Topic 5: Financial Close & Workflow | 10% | - Financial Close Manager configuration - Security and valid intersections - Task templates, schedules, and approvals |
| Topic 6: Application Creation & Framework | 15% | - Design application framework and metadata - Workflow for creating FCCS applications - Import/export metadata and data |
| Topic 7: Consolidation & Elimination | 15% | - Currency translation and adjustments - Elimination and intercompany matching - Consolidation process flow and logic |
Oracle 1z1-983 Exam Questions Answered
The 1z1-983 exam leads to the Oracle Financial Consolidation and Close Cloud Service 2017 Certified Implementation Specialist certification from Oracle. It is positioned at the Specialist level. The exam validates the knowledge and skills expected of candidates preparing for Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials.
Related certifications include:
- Oracle Enterprise Performance Management (EPM) Cloud Certifications
- Oracle Cloud Implementation Specialist Certifications
The 1z1-983 exam includes 70 questions and allows 120 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 1z1-983 is 64%, and the official exam fee is USD $245. Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
No mandatory prerequisites; recommended 6+ months hands-on experience with FCCS
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
You can register through the official channels listed below:
The available exam delivery method is In-person at Pearson VUE centers or online proctored.
The official training options include:
After reviewing the recommended training, reinforce what you learned with Actual4dump's 86 practice questions for 1z1-983.
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The current 1z1-983 outline is organized into 7 top-level domains. The first listed areas include:
- Financial Close & Workflow (10%)
- Application Creation & Framework (15%)
- EPM Cloud Foundation (10%)
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials Sample Questions:
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Provide a strong compliance framework that includes auditing and segregation of duties.
- B. Ensure security of sensitive data.
- C. Integrate with source systems.
- D. Provide predictive analysis and modeling.
Which statement correctly describes what happens to parent entities during consolidation?
- A. 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.
- B. 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.
- C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- D. The changes in the relational database are synced to the underlying Essbase cube.
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. The subsidiary must have a parent entity with a GBP currency.
- B. USD must be created as a reporting currency.
- C. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- D. Common Stock must have a Data Storage property set to Never Share.
- E. The subsidiary must have a balance not equal to zero in Common Stock.
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- B. A user has a power user access but only write access to the entity.
- C. The current period consolidation status is Impacted and the remaining periods are OK.
- D. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- E. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Supplemental Data Management
- B. Financial Close Management
- C. Account Reconciliation Management
- D. Data Management
- E. Process Management
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