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NEW QUESTION # 227
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create custom calculations and allocations based on multiple dimensions?
Answer: A
Explanation:
Option 1: Incorrect. Financial Reporting is a feature of Oracle Profitability and Cost Management Cloud Service that enables users to create, deploy, and distribute interactive reports and dashboards. Option 2: Incorrect. Dimension management is a feature of Oracle Profitability and Cost Management Cloud Service that allows users to define and manage dimensions. Option 3: Incorrect. Data synchronization is a feature of Oracle Profitability and Cost Management Cloud Service that enables users to integrate data from various sources into the application. Option 4: Correct. Allocation rules is a feature of Oracle Profitability and Cost Management Cloud Service that allows users to create custom calculations and allocations based on multiple dimensions. This feature enables users to define complex business rules for allocating costs and revenues across different dimensions such as products, customers, and regions.
NEW QUESTION # 228
Which type of report allows you to perform multidimensional analysis on cost and profitability data?
Answer: B
Explanation:
Option 1: Incorrect. A consolidated report is a high-level summary of cost and profitability data, not designed for multidimensional analysis. Option 2: Incorrect. A detailed report provides a granular view of cost and profitability data, but it does not support multidimensional analysis. Option 3: Correct. An ad-hoc report allows you to customize the dimensions and measures to perform multidimensional analysis on cost and profitability data. Option 4: Incorrect. A standard report provides predefined templates for cost and profitability analysis, but it does not support multidimensional analysis.
NEW QUESTION # 229
What is the purpose of using Allocations in Oracle Profitability and Cost Management Cloud Service?
Answer: B
Explanation:
Option 1: Correct. Allocations are used to distribute costs or revenues from a source dimension member to target dimension members based on specified allocation rules. Option 2: Incorrect. Summarizing data at a higher level in the dimension hierarchy is achieved using Roll-ups, not Allocations. Option 3: Incorrect. Creating calculations that were not defined in the source application is done using Custom Calculations, not Allocations. Option 4: Incorrect. Calculating the profitability of a product or service is achieved using Profitability Rules, not Allocations.
NEW QUESTION # 230
Which type of rule would you use to calculate allocations based on a single allocated amount?
Answer: D
Explanation:
Option 1: Driver-based allocation rule is typically used to allocate costs based on a driver amount, such as square footage or headcount. Option 2: Rule value allocation rule would be the correct choice if you have a single allocated amount, such as a direct cost that needs to be allocated across multiple departments. Option 3: Proportional allocation rule is used to allocate costs based on a percentage, where each department would receive a percentage of the total cost based on predefined percentages. Option 4: Sequential allocation rule is used when you have multiple levels of allocation, such as first allocating overhead costs to business units and then allocating those costs to individual products.
NEW QUESTION # 231
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create reports based on dimensions and calculations?
Answer: D
Explanation:
Option 1: Incorrect. Data Management is used for data integration and consolidation, not for creating reports. Option 2: Correct. Financial Reporting is a feature of Oracle Profitability and Cost Management Cloud Service that allows users to create reports based on dimensions and calculations. Option 3: Incorrect. Smart View is used as a Microsoft Office integration tool and for ad hoc analysis, but not specifically for creating reports. Option 4: Incorrect. Report Packages are used for managing and distributing reports, not for creating them.
NEW QUESTION # 232
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