Question 1

Which of the following statements accurately describes the role of allocation rules in Oracle Profitability and Cost Management Cloud Service and their impact on financial performance analysis?

Options :

A : Allocation rules allow administrators to define various allocation methods to assign indirect costs to various activities, departments, products and customers to help manage profitability analysis.

B : All allocation methods in Oracle Profitability and Cost Management Cloud Service use the same process, regardless of the complexity of the allocation logic. This maintains consistency in financial performance analysis.

C : Users must manually define every allocation rule, which can lead to incorrect financial performance analysis due to human error.

D : Allocation rules only work with direct costs. They cannot be used to allocate indirect costs. This means that they are not useful for accurate financial performance analysis.

Answer: A

Question 2

Which method can be used to integrate Oracle Profitability and Cost Management Cloud Service with other applications?

Options :

A : REST API

B : SOAP API

C : FTP

D : Webhooks

Answer: A

Question 3

Which feature in Oracle Profitability and Cost Management Cloud Service allows users to create reports that include multiple data dimensions and various data sources?

Options :

A : Smart View

B : Dashboard

C : Data Management

D : Scorecarding

Answer: A

Question 4

What is the primary purpose of the Oracle Profitability and Cost Management Cloud Service?

Options :

A : To provide real-time profitability analysis

B : To manage financial close processes

C : To improve management reporting and decision-making

D : To automate billing and revenue recognition processes

Answer: A

Question 5

Which of the following is true regarding the architecture of Oracle Profitability and Cost Management Cloud Service 2023 Implementation? A. The system is comprised of three primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, and the Application layer. B. The system is comprised of two primary layers: the EPM Cloud layer and the Application layer. C. The system is comprised of four primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, the Data Integration layer, and the Application layer. D. The system is comprised of five primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, the Data Integration layer, the Reporting layer, and the Application layer.

Options :

A : The system is comprised of three primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, and the Application layer.

B : The system is comprised of two primary layers: the EPM Cloud layer and the Application layer.

C : The system is comprised of four primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, the Data Integration layer, and the Application layer.

D : The system is comprised of five primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, the Data Integration layer, the Reporting layer, and the Application layer.

Answer: A

Free 1Z0-1061-25 Mock Exam – Practice Online Confidently

Buying Options: