Oracle
1Z0-1061-23
Oracle CX Sales 2023 Implementation Professional
QUESTION & ANSWERS
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QUESTION 1
When loading data in Oracle Profitability and Cost Management Cloud Service, what is the purpose of
the 'Keep Unmatched' option in the data mapping settings?
A.
B.
C.
D.
It excludes any data that cannot be mapped to a valid intersection.
It includes any data that cannot be mapped to a valid intersection with a value of zero.
It includes any data that cannot be mapped to a valid intersection with a null value.
It creates new members in the dimension to accommodate any data that cannot be mapped to a
valid intersection.
Correct Answer: C
Explanation/Reference:
Option 1: This option is incorrect because the 'Keep Unmatched' option actually includes any data
that cannot be mapped to a valid intersection. Option 2: This option is incorrect because the 'Keep
Unmatched' option includes any data that cannot be mapped to a valid intersection with its original
value, not a value of zero. Option 3: This option is correct because the 'Keep Unmatched' option
includes any data that cannot be mapped to a valid intersection with a null value. Option 4: This
option is incorrect because the 'Keep Unmatched' option does not create new members in the
dimension, only includes unmatched data.
QUESTION 2
Which of the following is a best practice for creating dimensions in Oracle’s Profitability and Cost
Management Cloud Service?
A.
B.
C.
D.
Always use the ‘Global’ dimension type to facilitate organization-wide dimension access.
Never use formulae when defining dimension member names.
Create a separate dimension for each account when dealing with multidimensional data.
Always prefix account member names with an account code or abbreviation.
Correct Answer: D
Explanation/Reference:
Option 1: This option is incorrect because using the ‘Global’ dimension type may grant access and
modification privileges to all users and impact overall performance. Option 2: This option is incorrect
because formulae are required in certain situations, such as when defining multi-level hierarchies or
custom calculations. Option 3: This option is incorrect because creating a separate dimension for each
account in multidimensional data may lead to unnecessarily cumbersome models and impede
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scalability. Option 4: This option is correct. Prefixing account member names with an account code or
abbreviation can enhance clarity, facilitate sorting, filtering, and searching operations, and help
prevent naming collisions.
QUESTION 3
Which of the following is true regarding the architecture of Oracle Profitability and Cost Management
Cloud Service 2023 Implementation? A. The system is comprised of three primary layers: the EPM
Cloud layer, the Oracle Hyperion Profitability and Cost Management layer, and the Application layer.
B. The system is comprised of two primary layers: the EPM Cloud layer and the Application layer. C.
The system is comprised of four primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability
and Cost Management layer, the Data Integration layer, and the Application layer. D. The system is
comprised of five primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and Cost
Management layer, the Data Integration layer, the Reporting layer, and the Application layer.
A. The system is comprised of three primary layers: the EPM Cloud layer, the Oracle Hyperion
Profitability and Cost Management layer, and the Application layer.
B. The system is comprised of two primary layers: the EPM Cloud layer and the Application layer.
C. The system is comprised of four primary layers: the EPM Cloud layer, the Oracle Hyperion
Profitability and Cost Management layer, the Data Integration layer, and the Application layer.
D. The system is comprised of five primary layers: the EPM Cloud layer, the Oracle Hyperion
Profitability and Cost Management layer, the Data Integration layer, the Reporting layer, and the
Application layer.
Correct Answer: A
Explanation/Reference:
Option 1: The correct answer is The architecture of Oracle Profitability and Cost Management Cloud
Service consists of three primary layers: the EPM Cloud layer which hosts the application, the Oracle
Hyperion Profitability and Cost Management layer that manages the technical computations, and the
Application layer which provides a user interface for managing data and reports. Option 2: This
answer is incorrect because the architecture of Oracle Profitability and Cost Management Cloud
Service consists of three primary layers: the EPM Cloud layer, the Oracle Hyperion Profitability and
Cost Management layer, and the Application layer. Option 3: This answer is incorrect because the
architecture of Oracle Profitability and Cost Management Cloud Service consists of three primary
layers including the EPM Cloud layer, the Oracle Hyperion Profitability and Cost Management layer,
and the Application layer. The Data Integration layer (if present) is not considered a primary layer of
the architecture. Option 4: This answer is incorrect because the architecture of Oracle Profitability and
Cost Management Cloud Service consists of three primary layers, including the EPM Cloud layer, the
Oracle Hyperion Profitability and Cost Management layer, and the Application layer. The Reporting
layer (if present) is not considered a primary layer of the architecture.
QUESTION 4
In Oracle Profitability and Cost Management Cloud Service, what is the purpose of a dimensionality
tag?
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A.
B.
C.
D.
To aggregate and group data for analysis purposes
To map and flatten data hierarchies
To assign rules and calculations to specific data points
To track changes made to data over time
Correct Answer: C
Explanation/Reference:
Option 1: Incorrect: Dimensionality tags are not used for aggregation or grouping. This is typically
done through dimensions and members within the application. Option 2: Incorrect: While
dimensionality tags can be used to map and flatten data hierarchies in some cases, this is not their
primary purpose. Option 3: Correct: Dimensionality tags are used to assign rules and calculations to
specific data points. This allows for more granular control over how data is processed and calculated
within the application. Option 4: Incorrect: Dimensionality tags do not track changes made to data
over time. This is typically done through the application's audit log functionality or a separate version
control system.
QUESTION 5
In the Creating Applications and Dimensions section of the Oracle Profitability and Cost Management
Cloud Service 2023 Implementation Professional exam, what is the best practice for creating
dimensions?
A.
B.
C.
D.
Only create dimensions that are directly related to the specific requirements of the applications
Create as many dimensions as possible to provide flexibility for future changes
Use the same dimensions across all applications to ensure consistency
Avoid creating dimensions altogether and use the default dimensions provided by the system
Correct Answer: A
Explanation/Reference:
Option 1: Correct. The best practice for creating dimensions is to only create dimensions that are
directly related to the specific requirements of the applications. This ensures that dimensions are not
cluttered with unnecessary attributes and improves performance. Option 2: Incorrect. Creating as
many dimensions as possible may lead to cluttered dimensions and decreased performance. It is best
to only create dimensions that are directly related to the specific requirements of the applications.
Option 3: Incorrect. Using the same dimensions across all applications may lead to inconsistency in
data and can limit the flexibility of each application. It is best to create dimensions based on the
specific requirements of each application. Option 4: Incorrect. Avoiding the creation of dimensions
altogether and using the default dimensions provided by the system may not meet the specific
requirements of the applications and limit flexibility. It is best to create dimensions based on the
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specific requirements of each application.
QUESTION 6
When loading data into Oracle Profitability and Cost Management Cloud Service, which of the
following statements is TRUE about flat files?
A.
B.
C.
D.
Flat files must be in CSV format.
Flat files can be in any text-based format.
Flat files must be in XML format.
Flat files must be in XLSX format.
Correct Answer: B
Explanation/Reference:
Option 1: Incorrect. Flat files can be in any text-based format, including CSV, TXT, or TSV. Option 2:
Correct. Flat files can be in any text-based format, including CSV, TXT, or TSV. This provides flexibility
when working with data from various sources. Option 3: Incorrect. Flat files do not have to be in XML
format. Option 4: Incorrect. Flat files do not have to be in XLSX format. They can be in any text-based
format.
QUESTION 7
What is the first step in creating a report in Oracle Profitability and Cost Management Cloud Service?
A.
B.
C.
D.
Define a report template
Create report sections
Define report parameters
Configure data source connections
Correct Answer: C
Explanation/Reference:
Option 1: Incorrect. Defining a report template is not the first step in creating a report. This step
comes after defining report parameters. Option 2: Incorrect. Creating report sections is not the first
step in creating a report. This step comes after defining report parameters. Option 3: Correct.
Defining report parameters is the first step in creating a report. Report parameters determine the
data and filters that will be used in the report. Option 4: Incorrect. Configuring data source
connections is not the first step in creating a report. This step comes after defining report parameters.
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QUESTION 8
When creating a report in Oracle Profitability and Cost Management Cloud Service, which option
should you choose if you want to include multiple dimensions in the report layout?
A.
B.
C.
D.
Member Selector
Grid View
Smart View
Data Source
Correct Answer: B
Explanation/Reference:
Option 1: Incorrect. The Member Selector option allows you to select specific members from a single
dimension, not multiple dimensions. Option 2: Correct. The Grid View option allows you to include
multiple dimensions in the report layout. It provides a flexible grid-based layout where you can drag
and drop dimensions to create the desired report structure. Option 3: Incorrect. Smart View is an
Excel add-in that allows users to interact with Oracle EPM Cloud applications, but it does not provide
options for creating report layouts with multiple dimensions. Option 4: Incorrect. The Data Source
option is used to define the data source for the report, not to include multiple dimensions in the report
layout.
QUESTION 9
When loading data into Oracle Profitability and Cost Management Cloud Service, which method should
be used to load flat file data with large volumes of data?
A.
B.
C.
D.
Data Management Integration
Smart View
Web Data Entry
Calculation Manager
Correct Answer: A
Explanation/Reference:
Option 1: Correct. Smart View is the recommended method for loading flat file data with large
volumes of data into Oracle Profitability and Cost Management Cloud Service. It provides advanced
data integration capabilities and supports efficient data loading. Option 2: Incorrect. While Data
Management Integration is a valid method for loading data into Oracle Profitability and Cost
Management Cloud Service, it is not the recommended method for loading flat file data with large
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volumes of data. Option 3: Incorrect. Web Data Entry is not the recommended method for loading flat
file data with large volumes of data into Oracle Profitability and Cost Management Cloud Service. It is
primarily used for manual data entry and small data loads. Option 4: Incorrect. Calculation Manager is
not the recommended method for loading flat file data with large volumes of data into Oracle
Profitability and Cost Management Cloud Service. It is primarily used for creating and managing
allocation rules.
QUESTION 10
What are the key components of the Oracle Profitability and Cost Management Cloud Service 2023
architecture?
A.
B.
C.
D.
Data integration layer, Calculation layer, Reporting and analysis layer
Data integration layer, ETL layer, Reporting and analysis layer
Data integration layer, Calculation layer, Business rules layer
Data integration layer, ETL layer, Business rules layer
Correct Answer: A
Explanation/Reference:
Option 1: Correct: The key components of the Oracle Profitability and Cost Management Cloud Service
2023 architecture are the Data integration layer, Calculation layer, and Reporting and analysis layer.
The Data integration layer is responsible for integrating data from various sources into the system.
The Calculation layer performs the necessary calculations based on the defined business rules. The
Reporting and analysis layer provides the functionality to generate reports and analyze the data.
Option 2: Incorrect: The ETL layer is not a key component of the Oracle Profitability and Cost
Management Cloud Service 2023 architecture. The correct components are the Data integration layer,
Calculation layer, and Reporting and analysis layer. Option 3: Incorrect: The Business rules layer is not
a key component of the Oracle Profitability and Cost Management Cloud Service 2023 architecture.
The correct components are the Data integration layer, Calculation layer, and Reporting and analysis
layer. Option 4: Incorrect: The correct components of the Oracle Profitability and Cost Management
Cloud Service 2023 architecture are the Data integration layer, Calculation layer, and Reporting and
analysis layer. The ETL layer and Business rules layer are not part of the architecture.
QUESTION 11
What is the process for creating an application dimension in Oracle Profitability and Cost Management
Cloud Service?
A.
B.
C.
D.
Using the Application Import functionality
Using a data load rule to import application dimension members
Using the Dimension Editor in the Performance Management Architect (PMA) interface
Using the Calculation Manager in the Oracle Enterprise Performance Reporting Cloud Service
(EPRCS) interface
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Correct Answer: C
Explanation/Reference:
Option 1: Incorrect. The Application Import functionality is used to import actual data, not create
dimensions. Option 2: Incorrect. Data load rules are used to import data, not create dimensions.
Option 3: Correct. The Dimension Editor in the Performance Management Architect (PM interface is
used to create and manage dimensions in Oracle Profitability and Cost Management Cloud Service.
Option 4: Incorrect. The Calculation Manager in the Oracle Enterprise Performance Reporting Cloud
Service (EPRCS) interface is used for creating and managing calculations, not dimensions.
QUESTION 12
When creating applications and dimensions in Oracle Profitability and Cost Management Cloud
Service, what is the recommended approach for organizing dimensions?
A. Use a hierarchical structure to group related dimensions
B. Use a flat structure to simplify dimension maintenance
C. Use a combination of hierarchical and flat structures depending on the complexity of the
dimensions
D. There is no recommended approach for organizing dimensions
Correct Answer: A
Explanation/Reference:
Option 1: Correct. Using a hierarchical structure to group related dimensions is a recommended
approach for organizing dimensions in Oracle Profitability and Cost Management Cloud Service. This
approach helps to simplify dimension maintenance and make it easier to navigate and understand the
relationships between dimensions. Option 2: Incorrect. Using a flat structure to simplify dimension
maintenance is not the recommended approach for organizing dimensions in Oracle Profitability and
Cost Management Cloud Service. This approach can make it more difficult to navigate and understand
the relationships between dimensions. Option 3: Incorrect. Using a combination of hierarchical and
flat structures depending on the complexity of the dimensions is not the recommended approach for
organizing dimensions in Oracle Profitability and Cost Management Cloud Service. While a
combination of structures may be appropriate in some cases, the recommended approach is to use a
hierarchical structure to group related dimensions. Option 4: Incorrect. There is a recommended
approach for organizing dimensions in Oracle Profitability and Cost Management Cloud Service. Using
a hierarchical structure to group related dimensions is the recommended approach.
QUESTION 13
What is the purpose of a role in Oracle Profitability and Cost Management Cloud Service?
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A.
B.
C.
D.
To grant users access to a specific application
To grant users access to a specific data source
To grant users access to a specific job or task
To grant users access to a specific dimension or member
Correct Answer: D
Explanation/Reference:
Option 1: Roles are used to grant users access to specific dimensions or members within an
application. Option 2: This answer is incorrect because roles do not grant access to a specific data
source. Option 3: This answer is incorrect because roles do not grant access to a specific job or task.
Option 4: This answer is correct because roles are used to grant users access to specific dimensions
or members within an application.
QUESTION 14
In Oracle Profitability and Cost Management Cloud Service, which security privilege should be
assigned to a user to restrict access to a specific dimension member?
A.
B.
C.
D.
Security Administrator
Data Access Manager
Workflow Administrator
End User
Correct Answer: B
Explanation/Reference:
Option 1: Incorrect. The Security Administrator privilege allows users to manage security for all
dimensions and data sources in the application. It does not provide the granularity required to restrict
access to a specific dimension member. Option 2: Correct. The Data Access Manager privilege should
be assigned to a user to restrict access to a specific dimension member. This privilege allows users to
define and manage access rules for individual dimension members, thereby controlling the data that
users can view and edit. Option 3: Incorrect. The Workflow Administrator privilege allows users to
manage workflow processes and approvals in the application. It does not provide the functionality to
restrict access to specific dimension members. Option 4: Incorrect. The End User privilege is the most
basic level of access in the application. It does not provide the functionality to restrict access to
specific dimension members.
QUESTION 15
Which of the following statements accurately describes the role of allocation rules in Oracle
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Profitability and Cost Management Cloud Service and their impact on financial performance analysis?
A. Allocation rules allow administrators to define various allocation methods to assign indirect costs
to various activities, departments, products and customers to help manage profitability analysis.
B. All allocation methods in Oracle Profitability and Cost Management Cloud Service use the same
process, regardless of the complexity of the allocation logic. This maintains consistency in
financial performance analysis.
C. Users must manually define every allocation rule, which can lead to incorrect financial
performance analysis due to human error.
D. Allocation rules only work with direct costs. They cannot be used to allocate indirect costs. This
means that they are not useful for accurate financial performance analysis.
Correct Answer: A
Explanation/Reference:
Option 1: Allocation rules are an important part of Oracle Profitability and Cost Management Cloud
Service allowing users to allocate indirect costs to various activities, departments, products and
customers accurately. By defining allocation rules, administrators set up the allocation methods (e.g.,
step-down, top-down, direct, and reciprocal approaches) to calculate the costs of a service or process
and assign them to other entities. In this way, financial analysts can measure the profitability or costeffectiveness of their operations accurately. Therefore, option This is correct. Option 2: This statement
is inaccurate because the logic complexity of each allocation model in Oracle Profitability and Cost
Management Cloud Service is different, depending on the needs of the organization. Moreover,
administrators are free to choose different allocation methods to fulfill their requirements. Hence,
option This is incorrect. Option 3: This statement is incorrect because Oracle Profitability and Cost
Management Cloud Service allows administrators to import allocation rules or create them manually
using the application's interface. Importing allocation rules minimizes the potential for human errors
by using databases that precisely define the allocation models. Additionally, the user interface has
many built-in checks to ensure that the user cannot define allocation rules wrongly. Therefore, option
This is incorrect. Option 4: This statement is incorrect because Oracle Profitability and Cost
Management Cloud Service can use allocation rules to allocate both direct and indirect costs. As a
result, allocation rules are a valuable tool in precisely assessing financial performance. Therefore,
option This is incorrect.
QUESTION 16
Which of the following is true about the dynamic member function in Oracle Profitability and Cost
Management Cloud Service 2023?
A.
B.
C.
D.
It is used to assign metadata to the dimension members.
It is used to retrieve data from the database for dimensions.
It is used to create a new dimension member on the fly based on user-defined logic.
It is used to import data into Oracle Profitability and Cost Management Cloud Service 2023.
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Correct Answer: C
Explanation/Reference:
Option 1: This option is incorrect because metadata can be manually assigned to dimension
members. Option 2: This option is incorrect because the dynamic member function is not used to
retrieve data from the database. Option 3: This option is correct because the dynamic member
function allows users to create new dimension members on-the-fly based on user-defined logic.
Option 4: This option is incorrect because the dynamic member function is not used to import data
into Oracle Profitability and Cost Management Cloud Service 202
QUESTION 17
Which of the following is a best practice when creating and managing reports in Oracle Profitability
and Cost Management Cloud Service?
A.
B.
C.
D.
Include all possible dimensions in the report
Use generic report names that can be easily understood by all users
Use complex calculations in the report definitions
Include unnecessary levels of detail in the reports
Correct Answer: B
Explanation/Reference:
Option 1: Incorrect. Including all possible dimensions in the report can result in a cluttered and
confusing report. It is a best practice to include only the necessary dimensions in the report. Option 2:
Correct. Using generic report names that can be easily understood by all users is a best practice for
creating and managing reports. This helps to ensure clarity and understanding among users. Option
3: Incorrect. Using complex calculations in the report definitions can make the reports difficult to
understand and maintain. It is a best practice to keep the calculations as simple and straightforward
as possible. Option 4: Incorrect. Including unnecessary levels of detail in the reports can make the
reports overwhelming and hard to read. It is a best practice to include only the necessary and
relevant details in the reports.
QUESTION 18
When running an allocation in Oracle Profitability and Cost Management Cloud Service, which of the
following options will allow for greater control over the allocation process?
A. Using method 'Spread data from one or more dimensions to one or more dimensions' with static
member selections
B. Using method 'Spread data from one or more dimensions to one or more dimensions' with
dynamic member selections
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C. Using method 'Spread data from one or more members to one or more members'
D. Using method 'Spread data from one or more cells to one or more dimensions'
Correct Answer: B
Explanation/Reference:
Option 1: This option is incorrect because using static member selections will not allow for dynamic
changes to the allocation and does not provide flexibility for future changes to dimension members.
Option 2: This option is correct because using dynamic member selection allows for greater control
and flexibility over the allocation process, enabling end-users to dynamically select a set of dimension
members for allocation and modifying these selections as needed. This method is the most common
practice and is recommended for allocation processes that require maximum user flexibility and
dynamic control. Option 3: This option is incorrect because using the 'Spread data from one or more
members to one or more members' is generally less flexible than other methods because dimension
members are pre-specified. Option 4: This option is incorrect because using the 'Spread data from one
or more cells to one or more dimensions' is generally limited in its flexibility and control as it requires
data to be loaded from pre-defined cells rather than dynamically selecting a set of dimension
members.
QUESTION 19
Which of the following is a best practice for setting up models and rules in Oracle Profitability and
Cost Management Cloud Service?
A.
B.
C.
D.
Designing models with a large number of dimensions to capture all the required data.
Creating rules using scripting language only if the predefined formulas are not available.
Assigning the same Planning Units to multiple drivers to simplify calculations.
Using virtual members to supplement base members in a dimension.
Correct Answer: D
Explanation/Reference:
Option 1: Incorrect. Designing models with a large number of dimensions can lead to increased
complexity and difficulty in managing and analyzing data. It is recommended to keep the
dimensionality of the model concise and focused on the relevant data. Option 2: Incorrect. While
creating custom rules using scripting language may provide flexibility, it is recommended to use
predefined formulas whenever possible to ensure consistency and maintainability. Option 3: Incorrect.
Assigning the same Planning Units to multiple drivers can lead to incorrect calculations and
distortions in cost allocation. Each driver should be associated with a unique Planning Unit to ensure
accurate calculations. Option 4: Correct. Using virtual members can enhance the analysis capabilities
of the model by providing additional levels of detail or aggregations that are not explicitly defined in
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the base members of a dimension. Virtual members can be used to analyze data from different
perspectives without modifying the underlying structure of the dimension.
QUESTION 20
Which configuration option in Oracle Profitability and Cost Management Cloud Service allows
administrators to set a custom home page for specific groups of users?
A.
B.
C.
D.
User creation
Security rules
User groups
Navigation menus
Correct Answer: C
Explanation/Reference:
Option 1: This option is incorrect because user creation only allows administrators to create and
delete users. It does not allow for customization of home pages. Option 2: This option is incorrect
because security rules only allow administrators to define access levels for different groups of users.
It does not allow for customization of home pages. Option 3: This option is correct. User groups allow
administrators to set a custom home page for specific groups of users. This allows for a tailored user
experience based on user roles and permissions. Option 4: This option is incorrect because navigation
menus only allow administrators to add or remove menu options from the left-hand sidebar. It does
not allow for customization of home pages.
QUESTION 21
Which of the following statements accurately describes the functionality of data loads in Oracle
Profitability and Cost Management Cloud Service?
A.
B.
C.
D.
Data loads allow you to bring data into the target application for further analysis and reporting.
Data loads can only be performed manually and cannot be scheduled to run automatically.
Data loads are limited to a maximum of 1 million rows
Data loads require the use of external tools and cannot be performed through the user interface.
Correct Answer: A
Explanation/Reference:
Option 1: This option is correct because data loads in Oracle Profitability and Cost Management Cloud
Service allow you to bring data from source systems into the target application for further analysis
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and reporting. Option 2: This option is incorrect because you can schedule data loads to run
automatically in Oracle Profitability and Cost Management Cloud Service using the 'Import and Data
Management' interface or through Calculation Manager. Option 3: This option is incorrect because
there is no predetermined limit to the number of rows that can be loaded into Oracle Profitability and
Cost Management Cloud Service. Option 4: This option is incorrect because data loads can be
performed natively through the user interface, as well as through external tools such as EPM
Automate and REST APIs.
QUESTION 22
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create adhoc analyses and visualize data through interactive dashboards?
A.
B.
C.
D.
Financial Reporting Studio
Smart View
Data Management
Oracle Analytics Cloud
Correct Answer: A
Explanation/Reference:
Option 1: Incorrect. Financial Reporting Studio is a reporting tool used to design and generate
financial reports, but it does not provide ad-hoc analysis or interactive dashboards. Option 2: Correct.
Smart View is an Excel add-in that allows users to connect to Oracle Profitability and Cost
Management Cloud Service and view, analyze, and report on data. It enables ad-hoc analyses and
supports the creation of interactive dashboards. Option 3: Incorrect. Data Management is used for
data integration, data import, export, and mapping in Oracle Profitability and Cost Management Cloud
Service. It does not support ad-hoc analysis or interactive dashboards. Option 4: Incorrect. Oracle
Analytics Cloud is a comprehensive analytics solution that provides a wide range of capabilities,
including advanced analytics and machine learning. While it can be integrated with Oracle Profitability
and Cost Management Cloud Service, it is not specifically designed for ad-hoc analysis or interactive
dashboards.
QUESTION 23
Which hierarchy level is used to define which accounts are revenue, expense, and statistical in a
custom application?
A.
B.
C.
D.
Rule Set
Dimensionality
Account Type
Account
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Correct Answer: C
Explanation/Reference:
Option 1: Incorrect. A rule set is used to define business rules and calculations for the application.
Option 2: Incorrect. Dimensionality is used to define the structure and relationships of the dimensions
in the application. Option 3: Correct. Account Type is used to define which accounts are revenue,
expense, and statistical in a custom application. Option 4: Incorrect. Account represents a specific
account within the application.
QUESTION 24
Which method is recommended to load data from external sources into Oracle Profitability and Cost
Management Cloud Service?
A. Importing data from local files using a data management integration adapter.
B. Using the REST API to load data into PBCS application
C. Using Oracle Data Integrator (ODI) to extract and transform data from various sources into the
Oracle Profitability and Cost Management Cloud Service format.
D. Manually entering data directly into the Oracle Profitability and Cost Management Cloud Service
application interface.
Correct Answer: C
Explanation/Reference:
Option 1: This answer is not recommended as the data management integration adapter only
supports limited file types and does not provide the flexibility to transform data during the import
process. Option 2: This answer is not recommended as the REST API is primarily used for
programmatic access to Oracle Profitability and Cost Management Cloud Service and is not the
recommended method for loading large volumes of data from external sources. Option 3: This answer
is correct as Oracle Data Integrator (ODI) provides a robust and scalable solution for extracting and
transforming data from various sources into the Oracle Profitability and Cost Management Cloud
Service format. ODI supports complex transformations and can handle large volumes of data. It also
provides scheduling and monitoring capabilities for data integration processes. Option 4: This answer
is not recommended as manually entering data directly into the Oracle Profitability and Cost
Management Cloud Service application interface is not efficient or scalable for loading large volumes
of data from external sources.
QUESTION 25
When configuring security access in Oracle Profitability and Cost Management Cloud Service, which of
the following best describes the function of the Credential Store Framework?
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A.
B.
C.
D.
It manages all security artifacts such as policies, roles, and permissions within the system.
It offers a centralized location to store and manage user credentials for authentication purposes.
It provides a way to configure user access to individual application functions and screens.
It facilitates secure communication between the client and server through SSL/TLS encryption.
Correct Answer: B
Explanation/Reference:
Option 1: This option is incorrect because the Credential Store Framework does not manage all
security artifacts- there are other modules which handle this functionality. Option 2: This option is
correct because the Credential Store Framework provides a centralized location for storing and
managing user credentials. This is important for both authentication and authorization purposes.
Option 3: This option is incorrect because this is the role of the role definition and management
module. Option 4: This option is incorrect because this relates to the encryption protocol and is not
the role of the Credential Store Framework.
QUESTION 26
Which of the following options is the most appropriate when integrating Oracle Profitability and Cost
Management Cloud Service with other applications?
A. Use Oracle Data Integrator (ODI) to extract data from Oracle Profitability and Cost Management
Cloud Service and load it into the other applications.
B. Use flat files to extract data from Oracle Profitability and Cost Management Cloud Service and load
it into the other applications.
C. Use Oracle Integration Cloud Service (ICS) to integrate Oracle Profitability and Cost Management
Cloud Service with the other applications.
D. Use Oracle Hyperion Financial Data Quality Management Enterprise Edition (FDMEE) to extract
data from Oracle Profitability and Cost Management Cloud Service and load it into the other
applications.
Correct Answer: C
Explanation/Reference:
Option 1: Incorrect. ODI is not the most appropriate option for integrating Oracle Profitability and Cost
Management Cloud Service with other applications. While it is possible to use ODI, it may require
additional configuration and customization. Option 2: Incorrect. Using flat files to extract data from
Oracle Profitability and Cost Management Cloud Service and load it into other applications can be a
manual and time-consuming process. It may also require additional manual steps to configure and
load the data correctly. Option 3: Correct. Oracle Integration Cloud Service (ICS) is the most
appropriate option for integrating Oracle Profitability and Cost Management Cloud Service with other
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applications. ICS provides prebuilt connectors and adapters for seamless integration and supports
various integration patterns such as real-time and batch integration. Option 4: Incorrect. While it is
possible to use Oracle Hyperion Financial Data Quality Management Enterprise Edition (FDMEE) for
data extraction and integration, it may require additional configuration and customization. Oracle
Integration Cloud Service (ICS) is a more suitable choice for integrating Oracle Profitability and Cost
Management Cloud Service with other applications.
QUESTION 27
When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which
component is responsible for defining the structure of the profitability model?
A.
B.
C.
D.
Driver
Rule
Cost Component
Relationship
Correct Answer: A
Explanation/Reference:
Option 1: Correct. The rule component defines the structure of the profitability model in Oracle
Profitability and Cost Management Cloud Service. Option 2: Incorrect. The driver component is not
responsible for defining the structure of the profitability model. The driver component is used to
allocate costs and revenues to different objects in the model. Option 3: Incorrect. The cost component
is not responsible for defining the structure of the profitability model. The cost component is used to
define the cost type and behavior of the objects in the model. Option 4: Incorrect. The relationship
component is not responsible for defining the structure of the profitability model. The relationship
component is used to define the relationships between different objects in the model.
QUESTION 28
In Oracle Profitability and Cost Management Cloud Service, which of the following statements is true
regarding the order of tasks when loading data into an application before running an allocation?
A.
B.
C.
D.
Map dimensions
Map dimension and data file mappings
Set up and apply load rules
Set up application groups
Correct Answer: B
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Explanation/Reference:
Option 1: Incorrect. While mapping dimensions is an important step in setting up an application, it is
not the first task to be completed when loading data before running an allocation. Option 2: Correct.
The sequence of tasks when loading data into an application before running an allocation should be
map dimension and data file mappings first, and then set up and apply load rules. Mapping
dimensions alone does not complete the loading process. The load rules must be set up and applied
before the data can be loaded into the application. Finally, application groups are used to administer
the allocation definitions created within an application, and are not part of the data loading process.
Option 3: Incorrect. Though setting up and applying load rules is an essential step required before
data can be loaded into an application, it does not come before mapping dimension and data file
mappings. Mapping dimension and data file mappings must be set up before load rules can be
applied. Option 4: Incorrect. Application groups are not required during data loading before running
an allocation. They are part of the management of allocation definitions after allocations have been
created.
QUESTION 29
Which of the following statements is true regarding configuring security in Oracle Profitability and
Cost Management Cloud Service 2023?
A. Roles control the level of access that a user has to an entire application or specific modules and
tasks within the application
B. You cannot configure security at the data segment level.
C. You can only assign security by intersection members.
D. When you create a custom role, it inherits the permissions of the Application Administrator role.
Correct Answer: C
Explanation/Reference:
Option 1: Incorrect. Roles control the level of access that a user has to an entire application or specific
modules and tasks within the application. Roles can also be used to control access to specific data
segments within a module. Option 2: Incorrect. You can configure security at the data segment level
in Oracle Profitability and Cost Management Cloud Service 202 Option 3: Correct. In Oracle
Profitability and Cost Management Cloud Service 2023, you can assign security by intersection
members. This allows you to define security based on specific combinations of members within
dimensions. Option 4: Incorrect. When you create a custom role, it does not inherit the permissions of
the Application Administrator role. Custom roles need to be assigned explicit permissions.
QUESTION 30
In Oracle Profitability and Cost Management Cloud Service (PCMCS), what is the purpose of the
'Centralized Data Store'?
A. It is a repository of data from different sources that can be used for reporting and analysis.
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B. It is a module that allows you to import and validate data from various sources.
C. It is a feature that enables you to define metadata and hierarchies for your application.
D. It is a tool that allows you to perform what-if scenario analysis.
Correct Answer: A
Explanation/Reference:
Option 1: The correct answer is The 'Centralized Data Store' in PCMCS is a repository of data from
different sources that can be used for reporting and analysis. It allows you to bring together data from
various systems, such as your General Ledger, to create a single source of truth for profitability
analysis. Option 2: The answer This is incorrect because the import and validation of data is typically
done through the Data Integration feature, not the Centralized Data Store. Option 3: The answer This
is incorrect because the metadata and hierarchy definitions are typically managed through the
Dimension Maintenance feature, not the Centralized Data Store. Option 4: The answer This is
incorrect because what-if scenario analysis is typically done through the Scenario Modeling feature,
not the Centralized Data Store.
QUESTION 31
In Oracle Profitability and Cost Management Cloud Service, what is the difference between a Direct
Allocation and a Sequential Less-Than Allocation?
A. A Direct Allocation evenly distributes the total amount of cost entered for a source entity among
all the target entities while a Sequential Less-Than Allocation distributes costs to the target
entities in sequence subject to the condition that any target entity's allocation is less than the
remaining costs to allocate.
B. A Direct Allocation sequentially distributes the total amount of cost entered for a source entity
among all the target entities while a Sequential Less-Than Allocation distributes costs to the target
entities in sequence subject to the condition that any target entity's allocation is less than the
remaining costs to allocate.
C. A Direct Allocation distributes the total amount of cost entered for a source entity based on a
driver while a Sequential Less-Than Allocation sequentially distributes costs to the target entities
in sequence subject to the condition that any target entity's allocation is less than the remaining
costs to allocate.
D. A Direct Allocation sequentially distributes the total amount of cost entered for a source entity
among all the target entities while a Sequential Less-Than Allocation distributes costs to the target
entities in the order specified by the user.
Correct Answer: A
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Explanation/Reference:
Option 1: The correct answer is A Direct Allocation, also known as a straight-line allocation, is the
simplest method and is used when there is no preference for one allocation over another. It evenly
distributes the total amount of cost entered for a source entity among all the target entities. On the
other hand, a Sequential Less-Than Allocation is used when there are distribution preferences that
want to be reflected in the allocation calculation. It distributes costs to the target entities in sequence
subject to the condition that any target entity's allocation is less than the remaining costs to allocate.
Option 2: This answer is incorrect because it describes the process of Sequential Less-Than Allocation
correctly but the process of Direct Allocation is described incorrectly because it is not done
sequentially. Option 3: This answer is incorrect because it describes the process of Direct Allocation
incorrectly. Direct Allocation distributes the total amount of cost entered for a source entity based on
a driver; therefore, it is not always evenly distributed among the target entities. Option 4: This answer
is incorrect because it describes the process of Sequential Less-Than Allocation incorrectly. Sequential
Less-Than Allocation is done with sequence in mind, which is specified by the user, so it is not always
done in the order in which the cost was entered.
QUESTION 32
What is the recommended approach for integrating Oracle Profitability and Cost Management Cloud
Service (PCMCS) with other applications?
A.
B.
C.
D.
Use Application Program Interfaces (APIs) to transfer data between PCMCS and other applications.
Use the Import Data functionality within PCMCS to manually load data from other applications.
Use the Export Data functionality within PCMCS to manually export data to other applications.
Use a third-party ETL tool to transfer data between PCMCS and other applications.
Correct Answer: A
Explanation/Reference:
Option 1: Correct. Using Application Program Interfaces (APIs) is the recommended approach for
integrating Oracle PCMCS with other applications. APIs provide a secure and efficient way to transfer
data between PCMCS and other applications. Option 2: Incorrect. The Import Data functionality within
PCMCS is used for manually loading data from external sources into PCMCS, not for integrating with
other applications. Option 3: Incorrect. The Export Data functionality within PCMCS is used for
exporting data from PCMCS to external sources, not for integrating with other applications. Option 4:
Incorrect. While it is possible to use a third-party ETL (Extract, Transform, Loa tool to transfer data
between PCMCS and other applications, using Application Program Interfaces (APIs) is the
recommended approach for integration.
QUESTION 33
What is the primary purpose of Oracle Profitability and Cost Management Cloud Service?
A. To track employee performance in real-time.
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B. To manage and optimize costs and profitability in an organization.
C. To improve the customer experience by analyzing data.
D. To automate HR processes and payroll management.
Correct Answer: B
Explanation/Reference:
Option 1: This option is incorrect because Oracle Profitability and Cost Management Cloud Service is
not designed for tracking employee performance. Option 2: This option is correct because Oracle
Profitability and Cost Management Cloud Service is specifically designed to help organizations
manage and optimize costs and profitability. Option 3: This option is incorrect because analyzing data
to improve the customer experience is not the primary purpose of Oracle Profitability and Cost
Management Cloud Service. Option 4: This option is incorrect because Oracle Profitability and Cost
Management Cloud Service does not automate HR processes or payroll management.
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