Oracle Profitability and Cost Management 2022 Implementation Professional (1z0-1082-22) Free Practice Test

Question 1

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. NoProduct, Headcount

B. Entity1, Entity2, Entity3, Entity4

C. NoProduct, Corporate HQ, Headcount

D. Headcount

Correct Answer: C

Question 2

Which system report verifies that all required source and driver data Is included for allocation and custom calculation rules?

A. Model Validation Report

B. Rule Data Validation Report

C. Rule Execution Statistics Report

D. Rule Documentation Report

Correct Answer: B

Question 3

Which two statements are true about dashboards?

A. You can drag and drop chart tiles to change the dashboard layout.

B. Charts In dashboards are based on existing Analysts Views.

C. Dashboards can be enabled and disabled.

D. All users can create and edit dashboards.

Correct Answer: A,B

Question 4

Your business process includes a series of allocations where administrative costs are allocated from HR to TT and Finance, from IT to Finance and HR, and from Finance to HR and IT.
Which calculation option should you select for the rule set that Includes these allocations?

A. Batch Execution

B. Serial Execution

C. Circular Execution

D. Iterative Execution

E. Parallel Execution

Correct Answer: D

Question 5

What are two ways to create custom reports on the data In Profitability and Cost Management?

A. Import report templates from the Download link in the Settings menu and customize them for your application.

B. Create forms In Profitability and Cost Management that can be displayed in dashboards.

C. Create queries In Profitability and Cost Management that open in Smart View when you run them.

D. Create formatted reports in Financial Reporting Web Studio.

Correct Answer: A,C

Question 6

You are creating a rule set for allocation rules. On the description tab, you select Use Global Context. Which two statements are true?

A. At the rule level, the Rule Context tab is where you can edit any default contexts applied to the rule.

B. When you select Use Rule Set Context for a rule In this rule set, the dimension-member combinations defined In the Global Context section are also applied.

C. On the Context tab for the rule set, you define default members for use In all rules added to the rule set.

D. You can override the global context dimension selections at the rule set level.

Correct Answer: A,B

Welcome to TestSimulate

Oracle Profitability and Cost Management 2022 Implementation Professional (1z0-1082-22) Free Practice Test