Question 1

Which type of report allows you to perform multidimensional analysis on cost and profitability data?

Options :

A : Consolidated report

B : Detailed report

C : Ad-hoc report

D : Standard report

Answer: C

Question 2

Which of the following statements is true about generating aggregate views in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional?

Options :

A : Aggregate views can only be generated for dimensions with at least two levels.

B : Aggregate views can be generated automatically by the system based on query patterns.

C : Aggregate views are stored in a separate database table for faster query performance.

D : Aggregate views can be generated for both base and parent-child dimensions.

Answer: C

Question 3

What is the maximum number of dimensions that can be included in an application in Oracle Profitability and Cost Management Cloud Service?

Options :

A : 10

B : 20

C : 30

D : 40

Answer: C

Question 4

Which of the following is a best practice for setting up models and rules in Oracle Profitability and Cost Management Cloud Service?

Options :

A : Designing models with a large number of dimensions to capture all the required data.

B : Creating rules using scripting language only if the predefined formulas are not available.

C : Assigning the same Planning Units to multiple drivers to simplify calculations.

D : Using virtual members to supplement base members in a dimension.

Answer: D

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?

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

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