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1Z0-1080-24 Real Exam Questions

Oracle Planning 2024 Implementation Professional

50 questions available · Page 1 of 5

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Question 1 Multiple choice

You want to set up weekly planning for 18 continuous months.

Which three options need to be selected when initially enabling features in Financials?

  1. A

    Time Frame Granularity

  2. B

    Rolling Forecast

  3. C

    Weeks to Months Mapping

  4. D

    Weekly Planning

  5. E

    Custom Periods

Show answer and explanation

Correct answers: B, C, D

Question 2 Single choice

After enabling and configuring Financials, which of the following is a recommended post-configuration task?

  1. A

    Plan headcount and detailed employee compensation by employee, job code, or both

  2. B

    Specify the days in Period and to modify account signage for alternate reporting methods

  3. C

    Map and rename custom dimensions in Financials that will be used to integrate with other modules

  4. D

    Disable features that you do not plan to use

Show answer and explanation

Correct answer: C

Question 3 Multiple choice

You want to import data into your application. You import data from a file and want to save the import operation as a job.

Which two statements are true about import data jobs?

  1. A

    Reference a data file stored locally when creating the Import Data job.

  2. B

    Select the option to clear data before import.

  3. C

    Upload your data file to the Inbox before running the Import Data job.

  4. D

    Include the path for the data file stored on the server.

Show answer and explanation

Correct answers: B, C

Question 4 Single choice

Which task must be completed before EPM administrators import a Machine Learning model into Planning?

  1. A

    Data Scientists build and train the ML model in a data science tool and save it as a PMML file.

  2. B

    Data Scientists create Groovy rules designed to evaluate historical data and identify patterns.

  3. C

    EPM Administrators create a data model and push data to it to generate a PMML file.

  4. D

    EPM Administrators create data maps and Groovy rules to move and process data.

Show answer and explanation

Correct answer: A

Question 5 Multiple choice

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?

  1. A

    You can decrease Preferred to balance the model.

  2. B

    You can increase Debt or Equity to balance the model.

  3. C

    You can decrease Dividends or Assets to balance the model.

  4. D

    You can increase Contra-Equity to balance the model.

Show answer and explanation

Correct answers: B, C

Question 6 Multiple choice

You want to analyze past data and predicted data to help you find patterns and insights into data that you might not have found on your own. To accomplish this, you configure Insights with Auto Predict.

Which two are Oracle EPM guidelines for implementing Insights and Auto Predict?

  1. A

    For future data, create a new insight by leveraging templates that include insight definitions.

  2. B

    For historical data, there should be atleast twice the amount of historical data as the number of prediction periods.

  3. C

    For historical data, create the Insights job using the lowest level of Period members possible so that the greatest amount of historical data can be used.

  4. D

    For future data, first run predictions in a test environment to ensure there is no impact on production data.

Show answer and explanation

Correct answers: B, D

Question 7 Single choice

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?

  1. A

    Overview, Driver and Trend Based, Rolling Forecast, Direct Entry, Income Statement

  2. B

    Assumptions, Allocations, Detailed Bottom Up, Strategic Top-Down, Direct Input, Overview, Summary

  3. C

    Assumptions, Direct Input, Driver and/or Trend Based, High Level Overview, Detailed Overview, Summary

  4. D

    Overview,Assumptions, Allocations, Detailed Bottom-Up, Driver and/or Trend based.Direct Input

Show answer and explanation

Correct answer: A

Question 8 Single choice

Which dimension must members be imported into to configure Additional Earnings in the Benefits and Taxes wizard?

  1. A

    Component

  2. B

    Account

  3. C

    Property

  4. D

    Pay Type

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Correct answer: A

Question 9 Multiple choice

In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?

  1. A

    When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.

  2. B

    When you approve a parent. Its children are Signed Off.

  3. C

    After all children are promoted to the same owner, the parent status is changed to Signed Off.

  4. D

    After all children are promoted to the same owner, the parent is promoted to the owner.

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Correct answers: A, D

Question 10 Multiple choice

You want to design a report with Reports for Oracle Enterprise Performance Management Cloud. You have an error on the report indicated by a red bar above the report header.

Which two statements describe possible causes of report object errors in Report Designer?

  1. A

    The report name is blank when you use a text function to display the name.

  2. B

    The report object overlaps with another report object.

  3. C

    The data source connection for the report is no longer valid.

  4. D

    The size of the inserted graphic is too large.

Show answer and explanation

Correct answers: B, C