Online 1Z0-1061-25 Practice Test

Question 1

When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which statement is true about allocation rules?

Options :

A : Allocation rules determine how costs are allocated to different objects in the model.

B : Allocation rules are optional and not necessary for the calculation process.

C : Allocation rules can only be used for allocation of revenue, not costs.

D : Allocation rules can only be applied to children of a specified dimension.

Answer: A

Question 2

Which of the following options is the best way to create a hierarchy of accounts and cost centers in Oracle Profitability and Cost Management Cloud Service 2023?

Options :

A : Create a Dimension library that combines the accounts and cost centers into a single hierarchy

B : Create separate Dimensions for accounts and cost centers, then create an Application that combines them into a single hierarchy

C : Create a single Dimension for either accounts or cost centers, then use formula logic to roll up the hierarchy

D : Create separate Applications for accounts and cost centers, then create a Calculation Manager rule that combines them into a single hierarchy

Answer: B

Question 3

When importing data into Oracle Profitability and Cost Management Cloud Service for use in running allocations, what are the supported file formats?

Options :

A : Excel, CSV, and TXT files

B : Excel files only

C : CSV files only

D : TXT files only

Answer: A

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

What tool can be used to automate uploading data from a SQL Server database to Oracle Profitability and Cost Management Cloud Service?

Options :

A : Data Management

B : File Import

C : Data Integration

D : Data Management API

Answer: C

EXPERTY DESIGNED 1Z0-1061-25 PRACTICE TEST