Question 1

Which feature allows you to load data into Oracle Profitability and Cost Management Cloud Service?

Options :

A : Data Integration

B : Data Transfer

C : Data Import

Answer: A

Question 2

Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create highly formatted reports with features such as conditional formatting, pivot tables, and charts?

Options :

A : Reporting Studio

B : Smart View

C : Financial Reporting

D : Data Warehouse

Answer: C

Question 3

Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create and manage budgets?

Options :

A : Data Integration

B : Data Flows

C : Planning and Forecasting

D : Smart View

Answer: C

Question 4

When setting up rules in Oracle Profitability and Cost Management Cloud Service, what is the difference between a static allocation method and a dynamic allocation method?

Options :

A : A static allocation method distributes costs based on predefined rules and percentages that do not change, while a dynamic allocation method distributes costs based on changing factors and activities.

B : A static allocation method distributes costs only to one dimension member, while a dynamic allocation method distributes costs across multiple dimension members.

C : A static allocation method distributes costs based on actual data, while a dynamic allocation method distributes costs based on estimated data.

D : A static allocation method distributes costs based on fixed data, while a dynamic allocation method distributes costs based on variable data.

Answer: A

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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