Online 1Z0-1061-25 Practice Test

Question 1

Which of the following is a recommended feature to use when integrating Oracle Profitability and Cost Management Cloud Service (PCMCS) with other applications?

Options :

A : Data Integration

B : Essbase Integration

C : Financial Data Quality Management Enterprise Edition (FDMEE)

D : Oracle Data Integrator (ODI)

Answer: B

Question 2

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 3

When creating a report in Oracle Profitability and Cost Management Cloud Service, which of the following statements is true regarding using 'Smart View'?

Options :

A : Smart View is only available for users with Administrator role.

B : Smart View is a browser-based ad-hoc analysis tool that can connect to Oracle Profitability and Cost Management Cloud Service for data retrieval.

C : Smart View is no longer supported in Oracle Profitability and Cost Management Cloud Service 2023.

D : Smart View can only be used to create tabular reports and cannot be used to create graphical reports.

Answer: B

Question 4

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 5

When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which feature allows you to customize the calculation of allocations to meet specific business needs?

Options :

A : Groovy scripts

B : Business rules

C : Data map

D : Scenario

Answer: B

EXPERTY DESIGNED 1Z0-1061-25 PRACTICE TEST