Online 1D0-1061-25-D Practice Test

Question 1

Which security feature in Oracle Profitability and Cost Management Cloud Service allows you to create segregation of duties and reduce the risk of fraud?

Options :

A : Role-Based Access Control (RBAC)

B : Data Encryption

C : Two-Factor Authentication

D : Password Policies

Answer: A

Question 2

When integrating Oracle Profitability and Cost Management Cloud Service with other applications, which of the following options is recommended for data extraction from source systems?

Options :

A : Direct extraction from source systems using SQL queries

B : Extraction using Oracle Data Integrator (ODI)

C : Extraction using Oracle Financials Cloud APIs

D : Extraction using Oracle E-Business Suite (EBS) interfaces

Answer: B

Question 3

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 4

Which of the following statements accurately describes the role of the Profitability and Cost Management Cloud Service?

Options :

A : It provides detailed reporting on an organization-s financial performance, enabling the identification of opportunities for cost savings and optimization.

B : It allows an organization to define and analyze complex models of profitability by analyzing past performances of the organizational structure.

C : It enables an organization to develop detailed budget plans and forecasts, incorporating both financial and non-financial data.

D : It provides a real-time analysis of the costs of your organization-s products and services, including comparisons with industry benchmarks.

Answer: B

Question 5

In Oracle Profitability and Cost Management Cloud Service, what is the primary purpose of the Allocations feature?

Options :

A : To distribute costs from one cost center to another based on predefined rules.

B : To compare planned cost data with actuals to identify variances.

C : To streamline the process of creating and maintaining data mappings between source systems and PCM.

D : To calculate the profitability of products or customers based on revenue and expenses.

Answer: A

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