Oracle Profitability and Cost Management 2021 Implementation Essentials

Question 1

Which set of dimensions Is required for Profitability and Cost Management applications?

A. Two system dimensions (Balance and Rule), at least one Business dimension, at least one POV dimension, at least one Attribute dimension, at least one Alias dimension

B. Three system dimensions (Balance, Rule, and Drivers), at least two Business dimensions, at least one POV dimension

C. Three system dimensions (Balance, Rule, and Drivers), at least one Business dimension, at least one POV dimension

D. Two system dimensions (Balance and Rule), at least one Business dimension, at least one POV dimension

E. Two system dimensions (Balance and Rule), at least one Business dimension, at least one POV dimension, at least one Alias dimension

Correct Answer: A

Question 2

Which two statements are true about the Rule Balancing table?

A. It shows information for all rules in the selected rule sets.

B. It shows the potential effects of an allocation before you run It.

C. The default model view Includes the top members across all business dimensions.

D. It Includes the Initial Input value, as well as allocations In, allocations out, and offsets.

Correct Answer: C,D

Question 3

Which three are valid ways to create Profitability and Cost Management applications?

A. Create a custom application from an Essbase outline file.

B. Import a backup snapshot from another instance of Profitability and Cost Management,

C. Create a custom application with no dimensions, then create and load dimensions in Data Management.

D. Create a custom application with dimensions from Hal files.

E. Migrate an exported on-premises Profitability and Cost Management application using a migration

Correct Answer: A,B,E

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Question 4

Which Is a valid set with report objects, when designing reports in Financial Reporting Web Studio?

A. Charts, KPIs, Profit Curves. Tables

B. Text, Charts, Grids, Images

C. Grids, Charts, Profit Curves, Text

D. Tables, Charts, Text, KPIs

Correct Answer: B

Question 5

Which two statements are TRUE about cloning snapshots?

A. You can select any snapshot from the source environment to clone to the target environment.

B. The cloning process deletes any existing application and uploaded files from the target environment.

C. After cloning, the daily maintenance start time of the target environment Is reset to that of the source environment.

D. You cannot clone a snapshot to a target In a different Identity Domain from the source.

Correct Answer: A,B

Question 6

You are creating a rule to allocate IT costs to entitles based on the Headcount for each entity. There are three business dimensions In the application (Product, Entity, and Account).
The allocation source definition:
Account: IT Cost; Product: NoProduct; Entity: Corporate HQ
The allocation destination definition:
Account: IT Cost; Product: NoProduct; Entity: Descendants of Entity
Disregarding the system and POV dimensions, this data file shows where Headcount data is loaded in the application:

Which business dimension members should you select for the driver location on the Driver Basis tab when you define the allocation rule?

A. Entity1, Entity2, Entity3, Entity4

B. NoProduct, Headcount

C. Headcount

D. NoProduct, Corporate HQ, Headcount

Correct Answer: D

Oracle Profitability and Cost Management 2021 Implementation Essentials - 1Z0-1082-21 Exam Practice Test

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