Free Oracle 1Z0-1061-26 Exam Questions

Become Oracle Certified with updated 1Z0-1061-26 exam questions and correct answers

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Total 328 Questions | Updated On: Sep 15, 2026

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Question 1

Which feature in Oracle Profitability and Cost Management Cloud Service allows users to define cost drivers and calculate costs based on specific allocation rules?

A : Cost Accounting

B : Workforce Planning

C : Driver-Based Profitability

D : Financial Consolidation and Close

Answer: C

Question 2

What are the two main types of roles in Oracle Profitability and Cost Management Cloud Service?

A : Administrator and Workforce roles

B : Financial Consolidation and Close roles

C : Task Manager and Data Manager roles

D : Power User and Standard User roles

Answer: D

Question 3

When configuring security in Oracle Profitability and Cost Management Cloud Service, what is the recommended approach for assigning access to the application?

A : Assign access to the application based on the user-s role in the organization.

B : Assign access to the application based on the user-s job title.

C : Assign access to the application based on the user-s location.

D : Assign access to the application based on the user-s personal preferences.

Answer: A

Question 4

Which feature of Oracle Profitability and Cost Management Cloud Service allows users to analyze and visualize data from multiple sources?

A : Dashboarding

B : Integration with Oracle Hyperion Financial Close Management

C : Integration with Oracle Planning and Budgeting Cloud Service

D : Integration with Oracle ERP Cloud

Answer: A

Question 5

What is the recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service?

A : Use the predefined dimensions and extend them as needed

B : Create new dimensions from scratch using the Dimension Editor

C : Import dimensions from an external system using a data file

D : Use the Rule Balancing feature to automatically create dimensions

Answer: A

Page: 1 / 66

Total 328 Questions | Updated On: Sep 15, 2026

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