QUIZ ORACLE - 1Z0-1080-24 - ORACLE PLANNING 2024 IMPLEMENTATION PROFESSIONAL LATEST PRACTICE EXAM FEE

Quiz Oracle - 1z0-1080-24 - Oracle Planning 2024 Implementation Professional Latest Practice Exam Fee

Quiz Oracle - 1z0-1080-24 - Oracle Planning 2024 Implementation Professional Latest Practice Exam Fee

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Oracle 1z0-1080-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Configure Intelligent Performance Management: This section of the exam measures the skills of machine learning specialists and focuses on configuring IPM components. It includes setting up machine learning models for predictive analytics within Planning applications.
Topic 2
  • Manage Forms, Dashboards, and Navigation Flows: This section of the exam measures the skills of dashboard designers and covers designing forms, dashboards, and validation rules. It also includes creating and managing navigation flows to streamline user experience within Planning applications.
Topic 3
  • Introduction to Planning Modules: This section of the exam measures the skills of module planners and introduces Planning modules. It includes integrating modules, leveraging best practices for module planning, and configuring Financials, Workforce, Capital, and Projects.
Topic 4
  • Manage Approvals:This section of the exam measures the skills of approval process managers and covers setting up approval workflows in Planning. It explains how to configure approval processes to streamline decision-making within organizations.
Topic 5
  • Manage Metadata and Data: This section of the exam measures the skills of data integration specialists and covers metadata and data management in Planning. It includes identifying metadata and data load options, importing and exporting metadata and data, setting up and running data maps, creating data integrations, and mapping data across applications.
Topic 6
  • Planning Overview: This section of the exam measures the skills of planning administrators and focuses on understanding the features of Planning applications. It includes setting up Planning and Freeform applications, managing dimensions, and explaining the impact of dimension hierarchies. It also covers configuring valid and invalid intersections and cell-level security.
Topic 7
  • Manage Rules: This section of the exam measures the skills of business rule developers and focuses on designing business rules and rulesets. It explains the benefits of Groovy Rules in enhancing performance and flexibility within Planning applications.

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Oracle Planning 2024 Implementation Professional Sample Questions (Q41-Q46):

NEW QUESTION # 41
You want to Input data into Financials. For Financials, there is a predefined navigation flow with cards listed for both Revenue and Expenses. What is the sequence of the cards for Revenue and Expenses?

  • A. Overview, Driver and Trend Based, Rolling Forecast, Direct Entry, Income Statement
  • B. Assumptions, Direct Input, Driver and/or Trend Based, High Level Overview, Detailed Overview, Summary
  • C. Overview,Assumptions, Allocations, Detailed Bottom-Up, Driver and/or Trend based. Direct Input
  • D. Assumptions, Allocations, Detailed Bottom Up, Strategic Top-Down, Direct Input, Overview, Summary

Answer: A

Explanation:
In Oracle Planning 2024, Financials provides a predefined navigation flow for entering data, organized into cards that guide users through the planning process for Revenue and Expenses. The navigation flow is designed to streamline data input and analysis, starting with high-level views and moving into detailed entry methods. According to the Oracle documentation, the default sequence of cards for Revenue and Expenses in Financials is: Overview, followed by Driver and Trend Based, Rolling Forecast, Direct Entry, and concluding with Income Statement.
* Overview: Provides a high-level summary of financial data, setting the context for planning.
* Driver and Trend Based: Allows users to input data based on drivers (e.g., units sold) or trends (e.g., historical patterns), a key method for revenue and expense planning.
* Rolling Forecast: Enables continuous forecasting over a defined period, integrating with driver-based inputs.
* Direct Entry: Permits manual data input for specific accounts or line items, offering flexibility.
* Income Statement: Consolidates all inputs into a financial statement view for review.
Option A accurately reflects this sequence as outlined in the Oracle Planning 2024 predefined navigation flow for Financials. Option B includes irrelevant cards like "Allocations" and "Strategic Top-Down," which are not part of the default Financials Revenue and Expenses flow. Option C introduces "High Level Overview" and
"Detailed Overview," which are not standard card names in this context. Option D includes "Allocations" and
"Detailed Bottom-Up," which are more aligned with custom flows or other modules, not the default Financials sequence.
This sequence is part of the out-of-the-box Financials navigation flow, ensuring users follow a logical progression from overview to detailed input and final reporting.
References:
* Oracle Planning 2024 Implementation Study Guide: "Working with Navigation Flows in Financials" (docs.oracle.com, Published 2024-09-10).
* Oracle EPM Cloud Documentation: "Planning Revenue and Expenses in Financials" (docs.oracle.com, Published 2023-11-15, updated for 2024).


NEW QUESTION # 42
In Strategic Modeling, you have a deficit and want to balance the model.
Which two statements describe funding options you can take when you have a deficit and want to balance the model?

  • A. You can decrease Preferred to balance the model.
  • B. You can decrease Dividends or Assets to balance the model.
  • C. You can increase Contra-Equity to balance the model.
  • D. You can increase Debt or Equity to balance the model.

Answer: B,D

Explanation:
In Oracle Planning 2024's Strategic Modeling module, balancing a model with a deficit involves adjusting funding options to ensure cash flow or balance sheet equilibrium. When there's a deficit (e.g., insufficient cash), you can either increase inflows or decrease outflows. The two valid statements are:
* A. You can decrease Preferred to balance the model: Incorrect. "Preferred" typically refers to preferred stock (an equity component), but decreasing it (e.g., reducing preferred equity) would not directly increase available funds to cover a deficit-it might even worsen it by reducing capital.
* B. You can increase Debt or Equity to balance the model: Correct. Increasing Debt (e.g., issuing loans) or Equity (e.g., issuing stock) provides additional funds to cover a deficit, a common strategy in Strategic Modeling to balance cash needs.
* C. You can decrease Dividends or Assets to balance the model: Correct. Decreasing Dividends reduces cash outflows, retaining more funds, while decreasing Assets (e.g., selling assets) generates cash inflows, both helping to balance the model.
* D. You can increase Contra-Equity to balance the model: Incorrect. Contra-Equity (e.g., treasury stock) reduces total equity when increased (e.g., buying back shares), which decreases available funds, not helping to balance a deficit.
The Oracle documentation highlights that increasing Debt/Equity or decreasing Dividends/Assets are standard funding options in Strategic Modeling to address deficits, making B and C the correct statements.
References:
* Oracle Planning 2024 Implementation Study Guide: "Balancing Models in Strategic Modeling" (docs.
oracle.com, Published 2024-09-15).
* Oracle EPM Cloud Documentation: "Funding Options in Strategic Scenarios" (docs.oracle.com, Published 2023-12-10, updated for 2024).


NEW QUESTION # 43
In which three ways can you create data maps that copy data using Smart Push?

  • A. Between two Planning instances
  • B. From Tax Reporting Cloud to Planning
  • C. From Financial Consolidation and Close to Planning
  • D. From Planning to Tax Reporting Cloud
  • E. From Planning to Financial Consolidation and Close

Answer: A,C,E

Explanation:
In Oracle Planning 2024, Smart Push is a feature within data maps that enables efficient, real-time data movement between Oracle EPM Cloud applications or instances. It copies data dynamically when triggered (e.
g., via forms or rules). The three supported ways to create data maps with Smart Push are:
* A. From Planning to Tax Reporting Cloud: Incorrect. Smart Push does not support direct data movement from Planning to Tax Reporting Cloud, as these modules lack a predefined integration path for this feature.
* B. From Tax Reporting Cloud to Planning: Incorrect. Similarly, Smart Push does not facilitate data movement from Tax Reporting Cloud to Planning.
* C. From Financial Consolidation and Close to Planning: Correct. Smart Push supports moving consolidated data (e.g., actuals) from Financial Consolidation and Close (FCC) to Planning for planning purposes.
* D. From Planning to Financial Consolidation and Close: Correct. Smart Push allows pushing planned data from Planning to FCC for consolidation or reporting.
* E. Between two Planning instances: Correct. Smart Push can move data between two Planning instances (e.g., test and production environments) to synchronize data.
These three options-C, D, and E-are explicitly supported by Smart Push in Oracle EPM Cloud, as per the documentation, enabling seamless data integration across these applications.
References:
* Oracle Planning 2024 Implementation Study Guide: "Using Smart Push in Data Maps" (docs.oracle.
com, Published 2024-09-30).
* Oracle EPM Cloud Documentation: "Data Integration with Smart Push" (docs.oracle.com, Published
2023-12-20, updated for 2024).


NEW QUESTION # 44
You want to budget for future headcount and related personnel expenses such as salary, benefits, and taxes.
Which module do you enable and configure to budget for these expenses?

  • A. Financials
  • B. Strategic Modeling
  • C. Sales Planning
  • D. Workforce

Answer: D

Explanation:
To budget for future headcount and related personnel expenses (e.g., salary, benefits, taxes) in Oracle Planning 2024, the Workforce module must be enabled and configured. This module is specifically designed for detailed employee planning, including:
* A. Financials: Incorrect. Financials focuses on revenue, expense, and financial statement planning at an aggregated level, not detailed headcount or personnel expenses like benefits and taxes.
* B. Strategic Modeling: Incorrect. Strategic Modeling is for high-level scenario analysis (e.g., mergers, long-term strategies), not granular headcount budgeting.
* C. Sales Planning: Incorrect. Sales Planning (if available as a custom module) targets sales forecasts and quotas, not employee-related expenses.
* D. Workforce: Correct. Workforce enables budgeting for headcount (e.g., hiring plans) and calculates associated costs-salaries, benefits (e.g., health insurance), and taxes (e.g., payroll taxes)-with predefined and customizable options.
The Oracle documentation confirms that Workforce is the module tailored for headcount and personnel expense budgeting, making D the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Overview of Workforce Module" (docs.oracle.
com, Published 2024-10-05).
* Oracle EPM Cloud Documentation: "Planning Personnel Expenses" (docs.oracle.com, Published 2023-
11-25, updated for 2024).


NEW QUESTION # 45
You want to include asset-related expenses such as depreciation, amortization, and insurance in Financials reporting. Which statement describes what you need to set up in Financials or Capital to share the data?

  • A. In Financials, in the Asset Expenses Wizard, map each component to a Financials account.
  • B. In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials.
  • C. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets.
  • D. In Capital, for Expense, enable Integration with Financials.

Answer: D


NEW QUESTION # 46
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