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NEW QUESTION # 209
Which of the following is a best practice when creating and managing reports in Oracle Profitability and Cost Management Cloud Service?
Answer: D
Explanation:
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.
NEW QUESTION # 210
Which of the following components make up the architecture of Oracle Profitability and Cost Management Cloud Service 2023?
Answer: C
Explanation:
Option 1: Incorrect. Data Management is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component. Option 2: Correct. Business Intelligence is one of the components that make up the architecture of Oracle Profitability and Cost Management Cloud Service 202 It provides reporting and analysis capabilities. Option 3: Incorrect. Calculation Manager is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component. Option 4: Incorrect. Financial Close and Consolidation is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component.
NEW QUESTION # 211
Which of the following is a best practice when creating and managing reports in Oracle Profitability and Cost Management Cloud Service 2023?
Answer: B
Explanation:
Option 1: Correct: Using descriptive names for report objects is a best practice in order to make the reports more understandable and maintainable. It allows other users to easily identify the purpose of each object in the report. Option 2: Incorrect: Including all possible dimensions in a report can result in a cluttered and confusing report. It is recommended to only include the dimensions that are relevant to the analysis being performed. Option 3: Incorrect: Creating complex calculations directly in the report definition can make the report difficult to understand and maintain. It is recommended to create calculations as separate objects and reference them in the report. Option 4: Incorrect: Using the default report template for all reports may not meet the specific requirements of each report. It is recommended to customize the report template to ensure the report format and style align with the desired output.
NEW QUESTION # 212
Which of the following options is a feature of Oracle Profitability and Cost Management Cloud Service (PCMCS) that enables you to analyze profitability based on various dimensions such as product, channel, customer, and region?
Answer: D
Explanation:
Option 1: Incorrect. Driver-based planning in Oracle PCMCS allows you to create models of operational drivers and define their relationships to structure forecasts. It is not directly related to profitability analysis based on dimensions such as product, channel, customer, and region. Option 2: Correct. Allocations and assignments in Oracle PCMCS enable you to distribute costs or revenues across different dimensions, such as products, channels, customers, and regions. This feature is specifically designed for profitability analysis. Option 3: Incorrect. Cost allocation, in the context of Oracle PCMCS, refers to the distribution of costs to different activities or objects based on predefined rules. It is not necessarily tied to profitability analysis based on various dimensions. Option 4: Incorrect. Agile cost planning in Oracle PCMCS enables you to quickly develop cost planning models and perform what-if analysis for different scenarios. It is not directly focused on profitability analysis based on dimensions such as product, channel, customer, and region.
NEW QUESTION # 213
What is the recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service?
Answer: B
Explanation:
Option 1: Correct. The recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service is to use the predefined dimensions and extend them as needed. This approach allows you to leverage the existing dimensions and their associated properties, validations, and hierarchies. Option 2: Incorrect. Creating new dimensions from scratch using the Dimension Editor is not the recommended approach. This approach requires you to manually define all the properties, validations, and hierarchies from scratch, which can be time-consuming and error-prone. Option 3: Incorrect. Importing dimensions from an external system using a data file is not the recommended approach for creating custom dimensions. While it is possible to import dimensions, this approach may not fully leverage the capabilities and features of Oracle Profitability and Cost Management Cloud Service. Option 4: Incorrect. The Rule Balancing feature in Oracle Profitability and Cost Management Cloud Service is used for calculating and assigning costs, not for creating custom dimensions.
NEW QUESTION # 214
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