Oracle Oracle Enterprise Planning and Budgeting Cloud Service 1Z0-1080-22 Questions & Answers

• Question 21:

  Which two tasks can be scheduled as a job in Planning? (Choose two.)

  A. Import or export data

  B. Create snapshots

  C. Promote a Planning Unit

  D. Execute Data Maps

  Correct Answer: AD

• Question 22:

  If you choose to create your own chart of accounts in Financials, which four statements are TRUE? (Choose four.)

  A. Predefined drivers and the chart of accounts you brought in can co-exist within the Account dimension member outline.

  B. You enable base or parent features to create an account structure with key members for you to add your own chart of accounts.

  C. You cannot reuse existing integrated financial statements and must design your own financial statements that include the accounts you imported.

  D. You do not need to enable base or parent features, and instead import the metadata directly into the Financials cube.

  E. You can perform calculations using existing rules, and plan using existing forms and dashboards.

  F. You input or import your own accounts for each enabled feature.

  Correct Answer: BCEF

• Question 23:

  In Projects, which is NOT a valid option for Contract project revenue recognition? Choose the best answer.

  A. Monthly, Quarterly, or Semiannually

  B. After Completion

  C. When Paid

  D. When Billed

  Correct Answer: C

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/GUID-AECB4021-59B2-4C88-AFEE-92FB04D92C21.pdf (5-6)

• Question 24:

  When loading Salaries into Workforce, which Property should the values be loaded to? (Choose the best answer.)

  A. OWP_Gross Earnings

  B. OWP_Salary Basis

  C. OWP_Value

  D. OWP_Expense Amount

  Correct Answer: B

  The salary basis specifies the frequency of the amount sent to payroll and stored as salary, such as annual or hourly amount. It also specifies the payroll element and input value that feeds the salary to payroll and the grade rate that provides the salary range.

  Reference: https://docs.oracle.com/cloud/farel9/common/FAIWC/F1443869AN18796.htm

• Question 25:

  When calculating a tiered type of tax, what should be the selected `Maximum Value Type'? (Choose the best answer.)

  A. Threshold Amount

  B. Percentage of Overall Earnings

  C. Percentage of Salary

  D. Percentage of Taxable Earnings

  E. Flat Amount

  Correct Answer: A

  Setting the Maximum Value Type to Threshold Amount is available only for Taxes.

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/eswpc/wf_about_maximum_value_type_110x00c2886b.html

• Question 26:

  A company has enabled and configured Financials. Which are three recommended post configuration tasks? (Choose three.)

  A. Entering exchange rates

  B. Defining and managing the accounts and drivers

  C. Specifying days in period for driver-based Balance Sheet

  D. Running Financials rules to aggregate and calculate the data

  E. Setting Up Planning and Forecast Preparation

  F. Modifying account signage for alternate reporting methods

  Correct Answer: ACE

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/fin_configuring_financials__104xdb20950b.html

• Question 27:

  Which two clients or command line tools can you download from Planning? (Choose two.)

  A. Data Management

  B. EPM Automate

  C. Strategic Modeling Smart View add-on

  D. Calculation Manager

  Correct Answer: BC

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/cgsus/1_about_epm_cloud_new_sku_epm_standard.html

• Question 28:

  In Strategic Modeling Simulations, which probability distribution describes many phenomena such as returns on equity or assets, inflation rates, or currency fluctuations? (Choose the best answer.)

  A. Normal

  B. Lognormal

  C. Triangular

  D. BetaPERT

  E. Uniform

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/strat_mod_simulations_probability_descriptions_100x1e88e4d0.html

• Question 29:

  Which REST API method would be used to execute a job in Planning? (Choose the best answer.)

  A. POST

  B. EXECUTE

  C. GET

  D. PUT

  Correct Answer: B

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/prest/cloud_plan_budget_rest_api_client.html

• Question 30:

  Which three can be automated with EPMAutomate? (Choose three.)

  A. Import user security

  B. Run a Business Rule

  C. Import a file into the Planning inbox

  D. Migrate a backup between test and production

  E. Send an email to users

  Correct Answer: BCD