Oracle Financial Consolidation and Close Cloud Service is a comprehensive solution that streamlines the financial consolidation and close process. It is designed to help organizations automate the consolidation and close process, reduce errors, and improve the speed and accuracy of financial reporting. The Oracle Financial Consolidation and Close Cloud Service 2017 is the latest version of this solution and comes with several new features and enhancements.
Oracle 1z1-983 certification is highly valued in the industry, as it demonstrates that the certified individual has a thorough understanding of Oracle Financial Consolidation and Close Cloud Service 2017. Oracle Financial Consolidation and Close Cloud Service 2017 Implementation Essentials certification is particularly relevant for professionals working in finance, accounting, or IT departments, as it provides them with the necessary skills and knowledge to effectively implement and manage the financial consolidation and close processes.
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Oracle 1z1-983 exam covers a wide range of topics, including understanding of the Oracle FCCS environment, creating application artifacts, loading data, managing metadata, defining consolidation and reporting currencies, and managing journals to name a few. Candidates are also exposed to the various consolidation processes, including elimination, translations, ownership, and intercompany transactions. Additionally, candidates must also possess the skill set required to leverage system reports and analyze the resulting data.
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Oracle 1z1-983 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration & Management | 15% | - Import formats, mappings, and data load rules - Batch processing and automation - Source systems and target applications - REST API and cross-system integrations |
| Topic 2: Application Creation & Framework | 15% | - Design application framework and metadata - Workflow for creating FCCS applications - Import/export metadata and data |
| Topic 3: EPM Cloud Foundation | 10% | - EPMAutomate and job scheduling - Cloud security setup and configuration |
| Topic 4: Dimensions & Modeling | 20% | - System dimensions and pre-seeded members - Entity, Intercompany, and Consolidation dimensions - Movement dimension for cash flow and FX - Currency and Multi-GAAP dimensions |
| Topic 5: Financial Consolidation and Close Cloud Overview | 10% | - Data management overview - Product overview and use cases |
| Topic 6: Financial Close & Workflow | 10% | - Task templates, schedules, and approvals - Security and valid intersections - Financial Close Manager configuration |
| Topic 7: Consolidation & Elimination | 15% | - Consolidation process flow and logic - Elimination and intercompany matching - Currency translation and adjustments |






