Question 1

Which of the following components make up the architecture of Oracle Profitability and Cost Management Cloud Service 2023?

Options :

A : Data Management

B : Business Intelligence

C : Calculation Manager

D : Financial Close and Consolidation

Answer: B

Question 2

When creating dimensions in Oracle Profitability and Cost Management Cloud Service 2023, which of the following statements is true?

Options :

A : Dimensions are only used for reporting purposes and do not impact the calculation logi

B : Creating a large number of dimensions can negatively impact performance and system resources.

C : Hierarchies within dimensions can only have a maximum of five levels.

D : Dimensions can only be created using the graphical user interface (GUI) and cannot be imported or exported.

Answer: B

Question 3

What is the main function of the Oracle Profitability and Cost Management Cloud Service?

Options :

A : To provide real-time costing and profitability analysis to support business decisions

B : To provide basic financial reporting and accounting functionality

C : To provide cloud-based storage for financial data

D : To automate the budgeting and planning process

Answer: A

Question 4

Which feature of Oracle Profitability and Cost Management Cloud Service allows users to define and maintain hierarchies and dimensions?

Options :

A : Import Data

B : Scenario Modeling

C : Rules

D : Dimensions, Views, and Relationships

Answer: D

Question 5

What is the purpose of using Allocations in Oracle Profitability and Cost Management Cloud Service?

Options :

A : To distribute costs or revenues from a source dimension member to target dimension members based on specified allocation rules.

B : To summarize data at a higher level in the dimension hierarchy.

C : To create calculations that were not defined in the source application.

D : To calculate the profitability of a product or service.

Answer: A

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