Oracle 1Z0-1080-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1080-22 Online Questions & Answers

• Question 31:

  After enabling Financials, which three are recommended configuration tasks? (Choose three.)

  A. Setting up exchange rates (for multicurrency applications)
  B. Removing custom dimensions
  C. Adding custom expense driver categories
  D. Adding custom dimensions
  E. Completing Planning and Forecast Preparation
  C. Adding custom expense driver categories
  D. Adding custom dimensions
  E. Completing Planning and Forecast Preparation

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  Explanation/Reference:

  Configuring Financials in Oracle Enterprise Planning and Budgeting Cloud https://www.youtube.com/watch?v=aZjMGLMKmxQ https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/common_configure_planning_and_forecase_preparation_with_rolling_forecast_100xa365356d.htm#EPBCA-GUID-D2F62AA0-D221-4380-A392-0670B87B324A

• Question 32:

  In order to set up weekly planning for a continuous 18 months, which three options would need to be selected when initially configuring Financials? (Choose three.)

  A. Rolling Forecast
  B. Custom Periods
  C. Weeks to months mapping
  D. Plan Element dimension
  E. Weekly Planning
  A. Rolling Forecast
  B. Custom Periods
  D. Plan Element dimension

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  Explanation/Reference:

• Question 33:

  In order to be able to configure Additional Earnings in the Benefits and Taxes wizard, into which dimension do you have to import members? Choose the best answer.

  A. Pay Type
  B. Property
  C. Component
  D. Account
  D. Account

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/wf_configuring_workforce__106xdb232ea8.html

• Question 34:

  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.
  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.
  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.

• Question 35:

  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
  C. When Paid

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  Explanation/Reference:

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

• Question 36:

  What two form validation rules options are supported in Planning? (Choose two.)

  A. When enabled, execute validations associated with the form for all users regardless of access rights when validating the Approval unit.
  B. When enabled, all validations are run as the administrator and applied to the form members.
  C. When enabled, the user variable for the approval dimension on the form will be replaced by the approval unit member before the validations are run.
  D. When enabled, the system figures out which page combinations have potential data blocks and runs the validations regardless of those page combinations.
  E. When enabled, the form will be validated multiple times by replacing the user variable from the approval unit dimension with every possible value.
  C. When enabled, the user variable for the approval dimension on the form will be replaced by the approval unit member before the validations are run.
  E. When enabled, the form will be validated multiple times by replacing the user variable from the approval unit dimension with every possible value.

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/including_data_validation_rules_in_forms.html

• Question 37:

  When defining data load mappings in Data Management, what are the available types of member mappings? (Choose the best answer.)

  A. Explicit, Range, In, Multi Dimension, As
  B. Explicit, Range, In, Multi Dimension, Like
  C. Explicit, Range, In, Ignore, Like
  D. Explicit, Between, In, Multi Dimension, Like
  D. Explicit, Between, In, Multi Dimension, Like

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  Explanation/Reference:

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

• Question 38:

  Several users continuously use custom-created formulas in Excel to supplement their Planning form inputs. What is another design alternative to reduce offline Excel maintenance? Choose the best answer.

  A. Cell commentary
  B. Reports
  C. Ad hoc forms
  D. Smart forms
  E. Smart push
  D. Smart forms

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E57185_01/SMVUG/ch13s12s02.html

• Question 39:

  When setting up a data map, which two options are available for handling unmapped dimensions? (Choose two.)

  A. Selecting a single unmapped dimension member on the source to map to multiple unmapped dimension members on the target
  B. Selecting multiple unmapped dimension members on the source to map to multiple unmapped dimension members on the target
  C. Selecting multiple unmapped dimension members on the source to map to a single unmapped dimension member on the target
  D. Selecting a single unmapped dimension member on the source to map to a single unmapped dimension member on the target
  C. Selecting multiple unmapped dimension members on the source to map to a single unmapped dimension member on the target
  D. Selecting a single unmapped dimension member on the source to map to a single unmapped dimension member on the target

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/mapping_unmapped_dimensions.html

• Question 40:

  Which describes Strategic Modeling? Choose the best answer.

  A. Used to evaluate financial scenarios and perform financial impact analysis.
  B. Used to evaluate how assets and resources related to corporate initiatives are allocated
  C. Used primarily for balance sheet planning
  D. Used to develop plans and forecasts and generate core financial statements
  A. Used to evaluate financial scenarios and perform financial impact analysis.

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/about_strategic_modeling_104x7f015aa0.html