Oracle Planning 2024 Implementation Professional (1z0-1080-24) Free Questions - Part 3
Question No : 31) 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.
Question No : 32) What three tasks can you perform in the Data Management Workbench? (Choose three.)
A. Export
B. Validate
C. Maintain Process Tables
D. Import
E. Delete Integration
Question No : 33) In Strategic Modeling Simulations, what are the three guidelines for selecting the appropriate probability distribution? (Choose three.)
A. Select the distribution where the conditions of the distribution match those of the input.
B. Randomly generate a range of values for assumptions and enter best guess estimates one cell at a time.
C. Evaluate the input in question, and list the conditions surrounding this input.
D. Review the descriptions of the probability distributions.
E. Use the Monte Carlo method to best guess your probability distribution options based on arange of assumptions.
Question No : 34) Which option is true when implementing access permissions in Planning? (Choose the best answer.)
A. Users and groups are restricted from accessing applications by removing custom application and plan-type security
B. A member that is set to read that has a parent with write access to all descendants will result in an access level of read
C. Planning roles can be assigned to members in all dimensions in all modules in the application
Question No : 35) After loading Workforce data from external systems, which statement describes actions you can take to make adjustments to loaded data and then calculate compensation expenses? Choose the best answer.
A. In Workforce,change properties such as salary grade and FTE, and then calculate salary, benefits, additional earnings, and taxes based on assumptions in Planning.
B. Change loaded salary information in Workforce and then run the data map for Compensation Data to calculate the updated benefits.
C. Change loaded benefit information in Workforce such as options for medical benefits and then launch the compensation data business rule to calculate the updated benefit data.
D. In Workforce, if you change both the selected benefit option and the rate, when compensation expenses are calculated, the value will be based on the benefit option’s default value.
Question No : 36) Which three statements are TRUE for Sandboxes?(Choose three.)
A. After you enable sandboxes for a cube, you can later disable that option.
B. You can enable sandboxes for all Planning cubes and Reporting cubes.
C. If you enable sandboxes for a cube, Version members have the Enable Sandboxes option.
D. You can enable sandboxes only in Planning cubes and for custom cubes created in module-based Planning, not for Reporting cubes.
E. After you enable sandboxes for a cube, you can’t later disable that option.
Question No : 37) Which two tasks can be scheduled asa job in Planning? (Choose two.)
A. Import or export data
B. Create snapshots
C. Promote a Planning Unit
D. Execute Data Maps
Question No : 38) 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
Question No : 39) Which two are displayed on the user point of view bar within a financial report? Choose two.
A. Dimensionsthat are tagged as type Time
B. Dimensions that are tagged as type Account
C. Dimensions not defined in a row, column, or page
D. Dimensions in a row, column, or page that are flagged for the current point of view
Question No : 40) Which time period allows you to collect the most recent number of time periods and measure business performance over a specific time duration? (Choose the best answer.)
A. Deal Period
B. Sub Period
C. Trailing period
D. Base Period
E. Periods-to-Date
Question No : 41) 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
Question No : 42) What are the two primary use cases for an ASO reporting cube? (Choose two.)
A. You want to create and execute Calculation Manager business rules
B. You want to report on Smart Lists in Planning, which you can’t do in Planning
C. You want to report on new Planning data originating from any source, such as a data warehouse
D. You want to create, maintain, and report on Attribute dimensions
Question No : 43) 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.
Question No : 44) What is the difference between Financials and Strategic Modeling?(Choose the best answer.)
A. There is not a technical difference, both do essentially the same thing
B. Ownership Contributions and Consolidations are out of the box in Financials
C. Strategic Modeling is broader in focus and used for long range planning
D. Financials is more summarized than Strategic Modeling
Question No : 45) Which three metadata artifacts can be exported to a flat file? (Choose three.)
A. Exchange Rate Tables
B. Dimensions
C. Smart Lists
D. Linked Reporting Objects
E. Data Entry Forms
1z0-1080-24 Answers