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Total 328 Questions | Updated On: Nov 21, 2024

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Question 1

When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which statement is true about allocation rules?

A : Allocation rules determine how costs are allocated to different objects in the model.

B : Allocation rules are optional and not necessary for the calculation process.

C : Allocation rules can only be used for allocation of revenue, not costs.

D : Allocation rules can only be applied to children of a specified dimension.

Answer: A

Question 2

When running an allocation, which of the following sequence of steps is recommended to load data in Oracle Profitability and Cost Management Cloud Service 2023?

A : Load source data > configure allocation rules > run allocation engine > review allocation results

B : Configure allocation rules > load source data > review allocation results > run allocation engine

C : Run allocation engine > configure allocation rules > load source data > review allocation results

D : Review allocation results > load source data > configure allocation rules > run allocation engine

Answer: B

Question 3

What tool can be used to automate uploading data from a SQL Server database to Oracle Profitability and Cost Management Cloud Service?

A : Data Management

B : File Import

C : Data Integration

D : Data Management API

Answer: C

Question 4

Which of the following is true regarding setting up security in Oracle Profitability and Cost Management Cloud Service 2023?

A : The administrator user account cannot be deleted or renamed.

B : A user can be assigned multiple roles in different applications.

C : A security group can be assigned to a single application only.

D : A data relationship management group cannot be granted access to an application.

Answer: B

Question 5

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?

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

Page: 1 / 66

Total 328 Questions | Updated On: Nov 21, 2024

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