Oracle exams have a reputation for tough wording and scenario-based questions, and the 1z0-983 exam is no exception. Working through the 86 practice questions from LatestCram gets you comfortable with that style long before exam day.
Oracle 1z0-983 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-983 |
| Related Certifications: | Oracle Enterprise Performance Management (EPM) Cloud Certifications Oracle Cloud Implementation Specialist Certifications |
| Exam Format: | Multiple Choice |
| Passing Score: | 64% |
| Exam Price: | USD $245 |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 70 |
| Certificate Validity Period: | Retired, no active validity; previously perpetual |
| Available Languages: | English |
| Recommended Training: | Oracle University: Financial Consolidation and Close Cloud Service Implementation |
| Exam Registration: | Pearson VUE Oracle Education |
| Sample Questions: |  |
| 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 1z0-983 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Consolidation and Close Cloud Overview | 10% | - Product overview and use cases - Data management overview |
| Topic 2: Dimensions & Modeling | 20% | - Entity, Intercompany, and Consolidation dimensions - Movement dimension for cash flow and FX - System dimensions and pre-seeded members - Currency and Multi-GAAP dimensions |
| Topic 3: Data Integration & Management | 15% | - Source systems and target applications - REST API and cross-system integrations - Import formats, mappings, and data load rules - Batch processing and automation |
| Topic 4: EPM Cloud Foundation | 10% | - Cloud security setup and configuration - EPMAutomate and job scheduling |
| 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% | - Consolidation process flow and logic - Elimination and intercompany matching - Currency translation and adjustments |
Answers to Common Questions About the Oracle 1z0-983 Exam
Yes. LatestCram offers a free PDF demo of the 1z0-983 practice questions so you can check the quality, the format, and the difficulty level before you spend anything. After you purchase, you also receive 365 days of free updates, and if the product expires you can extend the update service at a 50% discount from your member zone.
The 1z0-983 exam contains 70 questions and gives you 120 minutes to complete them. That works out to a brisk pace, so you cannot afford to stall on a single tricky item — flag it, move on, and circle back if time allows. Before exam day, run at least two timed mock sessions with the LatestCram desktop or online test engine; practicing against a real clock turns the official time limit into a comfortable rhythm instead of a source of panic.
The 1z0-983 exam (full name: Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials) is a Oracle certification exam that leads to the Oracle Financial Consolidation and Close Cloud Service 2017 Certified Implementation Specialist credential, positioned at the Specialist level. It validates the skills Oracle expects from professionals working with its technologies, and passing it is the key step toward getting certified. It also sits within a broader certification path that includes Oracle Enterprise Performance Management (EPM) Cloud Certifications, Oracle Cloud Implementation Specialist Certifications.
The Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials exam is organized into 7 domains. The main areas include Dimensions & Modeling (20%), Application Creation & Framework (15%), and Consolidation & Elimination (15%). Scroll up to the exam syllabus section on this page for the complete topic-by-topic outline.
No mandatory prerequisites; recommended 6+ months hands-on experience with FCCS
Eligibility requirements can change, so before you register, confirm the latest criteria on the official Oracle exam page.
To pass the 1z0-983 exam you need a score of 64%, and the official registration fee is USD $245. Keep in mind that a failed attempt comes at full price: retaking the exam means paying the entire fee again. A smart way to protect that investment is to self-test first — work through the 86 practice questions at LatestCram until your timed scores sit comfortably above the passing line before you book a seat.
Oracle recommends the following training resources for the Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials:
Official courses build the theory; pair them with the 86 practice questions from LatestCram to turn that knowledge into exam-ready speed and accuracy.
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You can register for the Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials through the official channels below:
The 1z0-983 exam is delivered In-person at Pearson VUE centers or online proctored, so choose the option that best fits your schedule when you book.
Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials Sample Questions:
Which statement is FALSE when enabling a Multi-GAAP application?
- A. Two custom dimensions are available after enabling Multi-GAAP.
- B. Additional GAAP adjustment can be created.
- C. The Multi-GAAP dimension is optional.
- D. The system automatically creates an FCCS_IFRS member.
Correct Answer: A 🗳️
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. From Currency, Movement, Scenario
- B. Period, Year, Entity
- C. Value, Entity, Account
- D. Data source, Consolidation, View
- E. Multi-GAAP, Data Type, Intra-company
Correct Answer: B 🗳️
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_SystemTypes
- B. FCCS_No Data Source
- C. FCCS_Data Input
- D. FCCS_Proportion
Correct Answer: D 🗳️
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Scenario, Account, Base Entity and Parent Entity
- B. Scenario, View, Parent Entity and Account
- C. Period, Scenario, Base Entity and Parent Entity
- D. Year, Scenario, Base Entity and Account
Correct Answer: C 🗳️
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel?
(Choose three.)
- A. Run a rule such as Consolidate or Translate
- B. Submit data
- C. Adjust data with Journals
- D. Retrieve data
Correct Answer: A,B,D 🗳️
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