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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
Exam Format:Multiple Choice
Certificate Validity Period:Retired, no active validity; previously perpetual
Real Exam Qty:70
Exam Duration:120 minutes
Passing Score:64%
Exam Price:USD $245
Available Languages:English
Related Certifications:Oracle Cloud Implementation Specialist Certifications
Oracle Enterprise Performance Management (EPM) Cloud Certifications
Recommended Training:Oracle University: Financial Consolidation and Close Cloud Service Implementation
Exam Registration:Pearson VUE
Oracle Education
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:

SectionWeightObjectives
Financial Close & Workflow10%- Financial Close Manager configuration
- Security and valid intersections
- Task templates, schedules, and approvals
Financial Consolidation and Close Cloud Overview10%- Data management overview
- Product overview and use cases
Dimensions & Modeling20%- Movement dimension for cash flow and FX
- Entity, Intercompany, and Consolidation dimensions
- System dimensions and pre-seeded members
- Currency and Multi-GAAP dimensions
Data Integration & Management15%- Import formats, mappings, and data load rules
- REST API and cross-system integrations
- Batch processing and automation
- Source systems and target applications
EPM Cloud Foundation10%- EPMAutomate and job scheduling
- Cloud security setup and configuration
Consolidation & Elimination15%- Elimination and intercompany matching
- Consolidation process flow and logic
- Currency translation and adjustments
Application Creation & Framework15%- Workflow for creating FCCS applications
- Design application framework and metadata
- Import/export metadata and data

Common Questions About the Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials Exam

The Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials (exam code 1z1-983) is the exam you pass to earn the Oracle Financial Consolidation and Close Cloud Service 2017 Certified Implementation Specialist certification, a credential at the Specialist level. It is also connected with related credentials such as Oracle Enterprise Performance Management (EPM) Cloud Certifications, Oracle Cloud Implementation Specialist Certifications. If you are mapping out a certification path with Oracle, this exam is a milestone worth planning around.

The 1z1-983 exam includes 70 questions, and you have 120 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the Prep4away test engine under the same time limit, so the pace feels familiar rather than frantic on the day.

You need 64% to pass the 1z1-983 exam, and the official registration fee is USD $245. That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the Prep4away practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.

No mandatory prerequisites; recommended 6+ months hands-on experience with FCCS

Eligibility rules can be adjusted by Oracle over time, so before you register, confirm the current requirements on the official exam page: view the official 1z1-983 exam information.

You can book the 1z1-983 exam through the official registration channels below:

How the exam is taken: In-person at Pearson VUE centers or online proctored.

Oracle lists the following official training options for candidates preparing for this exam:

Once you have worked through the training, measure your readiness with the 86 practice questions from Prep4away — they show you exactly which topics still need attention before you book the exam.

Yes. Prep4away offers a free PDF demo of the 1z1-983 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if Oracle changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.

Every 1z1-983 purchase at Prep4away is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.

The official Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials outline divides the exam content into 7 main domains. The first three are:

  • Financial Consolidation and Close Cloud Overview — 10%
  • Application Creation & Framework — 15%
  • Financial Close & Workflow — 10%

That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.

Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials Sample Questions:

In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

  • A. The account is FCCS_Net Income
  • B. A variance in the Average rate and the Ending rate
  • C. The current FCCS_CTA account balance does not change from the prior period
  • D. Movement of FX impact for historical rate accounts to the FCCS_CTA account
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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. Disconnect from the Smart View connection, and relog in.
  • B. Change one of the Row or Column dimension members and click Refresh.
  • C. Close out of Excel, and relog in to Smart View.
  • D. Activate the Connection.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

  • A. Account
  • B. Currency
  • C. Entity
  • D. From Currency
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

  • A. 12-month and 13-month
  • B. 12-month, 13-month and a 14-month
  • C. Any number of months can be selected
  • D. 12-month only
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

  • A. FCCS_No Data Source
  • B. FCCS_Intercompany Eliminations
  • C. FCCS_PCON
  • D. FCCS_Journal Input
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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