Online 1Z0-1061-24 Practice Test

Question 1

What is the function of the 'Load Metadata' button in the Data Integration page of Oracle Profitability and Cost Management Cloud Service?

Options :

A : To load data from external sources into the application.

B : To load metadata from external sources into the application.

C : To export metadata from the application to external sources.

D : To validate the metadata already loaded into the application.

Answer: B

Question 2

Which dimension member property in Profitability and Cost Management Cloud Service contains information about actual costs?

Options :

A : Owner

B : Currency

C : Account

D : Entity

Answer: C

Question 3

When creating a report in Oracle Profitability and Cost Management Cloud Service, what is the purpose of the 'Allocation' function?

Options :

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

B : To calculate the total costs for each cost center.

C : To group similar cost centers together for reporting purposes.

D : To consolidate the costs from multiple cost centers into a single value.

Answer: A

Question 4

Which feature in Oracle Profitability and Cost Management Cloud Service allows users to define cost drivers and calculate costs based on specific allocation rules?

Options :

A : Cost Accounting

B : Workforce Planning

C : Driver-Based Profitability

D : Financial Consolidation and Close

Answer: C

Question 5

What is the primary purpose of the Oracle Profitability and Cost Management Cloud Service?

Options :

A : To provide real-time profitability analysis

B : To manage financial close processes

C : To improve management reporting and decision-making

D : To automate billing and revenue recognition processes

Answer: A

EXPERTY DESIGNED 1Z0-1061-24 PRACTICE TEST