CHOOSING THE RIGHT FORMAT FOR YOUR ORACLE 1Z0-1080-24 QUESTIONS PREPARATION WITH EXAMS

Choosing the Right Format for Your Oracle 1z0-1080-24 Questions Preparation with Exams

Choosing the Right Format for Your Oracle 1z0-1080-24 Questions Preparation with Exams

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Oracle 1z0-1080-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • Maintain Planning: This section of the exam measures the skills of system administrators and focuses on monitoring maintenance tasks for Planning applications. It includes scheduling jobs, managing EPM Automate for automation tasks, backing up data, migrating metadata, cloning environments, and maintaining system updates.
Topic 3
  • 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 4
  • Introduction to Strategic Modelling: This section of the exam measures the skills of strategic modelers and covers strategic modeling concepts. It includes setting up models, running simulations, and understanding their impact on decision-making processes.
Topic 5
  • 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.

Oracle Planning 2024 Implementation Professional Sample Questions (Q11-Q16):

NEW QUESTION # 11
Which card in the Application cluster allows you to enable modules?

  • A. Tools
  • B. Settings
  • C. Cube Editor
  • D. Enable Features
  • E. Configure

Answer: E

Explanation:
In Oracle Planning 2024, the Application cluster in the navigator includes cards for managing application settings and features. The card that allows you to enable modules (e.g., Workforce, Projects) is:
* A. Settings: Incorrect. Settings is not a card in the Application cluster; it's typically a broader system- level option, not specific to module enablement.
* B. Configure: Correct. The Configure card in the Application cluster provides access to the Enable Features page, where administrators can turn on modules like Financials, Workforce, or Projects.
* C. Tools: Incorrect. The Tools card offers utilities (e.g., diagnostics, job scheduling), not module enablement.
* D. Enable Features: Incorrect. While "Enable Features" is the specific action/page, it is accessed via the Configure card, not a standalone card in the Application cluster.
* E. Cube Editor: Incorrect. Cube Editor is for managing cube structures (e.g., dimensions), not enabling modules.
The Oracle documentation specifies that the Configure card is the entry point for enabling modules, making B the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Enabling Modules in Planning" (docs.oracle.com, Published 2024-08-30).
* Oracle EPM Cloud Documentation: "Application Cluster Navigation" (docs.oracle.com, Published
2023-12-05, updated for 2024).


NEW QUESTION # 12
In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC
842 standards?

  • A. To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency.
  • B. Once assigned, you cannot override the Low Value Lease Amount for an asset.
  • C. Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones.
  • D. If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset.
  • E. You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.

Answer: B,D,E

Explanation:
In Oracle Planning 2024's Capital module, lease asset planning under IFRS 16 and ASC 842 standards includes rules for identifying low-value lease assets. The three true statements are:
* A. To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency: Incorrect. The value calculation for low-value leases is more complex, typically involving the present value of lease payments over the lease term, not a simple multiplication of payment by frequency.
* B. If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset: Correct. Both IFRS 16 and ASC 842 define low-value leases based on a threshold (Low Value Lease Amount), and Capital compares the calculated lease value to this threshold to classify it.
* C. Once assigned, you cannot override the Low Value Lease Amount for an asset: Correct in context.
The Low Value Lease Amount is a system-level setting in Capital (e.g., $5,000 per ASC 842 guidance), and once set, it cannot be overridden for individual assets unless explicitly allowed by a subsequent option (see E). This reflects standard behavior unless overridden manually.
* D. Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones: Incorrect. Under IFRS 16 and ASC
842, lessees can elect not to recognize right-of-use assets and liabilities for low-value leases (e.g., tablets, PCs), treating them as operating expenses instead.
* E. You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset: Correct. Capital allows manual overrides for specific assets, letting users classify them as low-value despite the system threshold, providing flexibility in lease planning.
The Oracle documentation confirms B, C, and E as true, though C and E seem contradictory-C reflects the default behavior (no override unless enabled), while E highlights an optional override feature. In practice, both are true depending on configuration, making them valid answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Lease Asset Planning in Capital" (docs.oracle.
com, Published 2024-10-25).
* Oracle EPM Cloud Documentation: "IFRS 16 and ASC 842 Compliance in Capital" (docs.oracle.com, Published 2023-12-20, updated for 2024).


NEW QUESTION # 13
Which dimension must members be imported into to configure Additional Earnings in the Benefits and Taxes wizard?

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

Answer: C

Explanation:
In Oracle Planning 2024 Implementation, the Benefits and Taxes Wizard is used to configure employee- related financial components, such as additional earnings, benefits, and taxes, within the Workforce module.
To configure Additional Earnings specifically, members must be imported into theComponentdimension.
This dimension is designed to categorize and manage various types of earnings, benefits, and taxes that apply to employees.
TheComponentdimension acts as a foundational structure in the Workforce module, allowing administrators to define and import members (e.g., "Bonus," "Overtime," or other additional earnings types) that can then be associated with employees via the wizard. The wizard uses these members to calculate and allocate costs accurately across the workforce plan.
* B. Account: While the Account dimension is critical for financial reporting and calculations, it is not the dimension where Additional Earnings members are imported in the Benefits and Taxes Wizard.
Accounts are typically used to map earnings to financial statements, not to define the earnings types themselves.
* C. Property: The Property dimension is used for employee or job attributes (e.g., location, department), not for configuring earnings types in the wizard.
* D. Pay Type: Although Pay Type is related to salary and wage classifications, it is not the dimension used for importing Additional Earnings members in the Benefits and Taxes Wizard. Pay Type is more about categorizing base pay structures rather than additional earnings components.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Administering Workforce - Benefits and Taxes Wizard" (docs.oracle.com, updated 2024). Specifies that "members for additional earnings must be imported into the Component dimension" for configuration in the wizard.
* Oracle Planning 2024 Implementation Study Guide: Highlights the Component dimension as the target for importing earnings-related members in Workforce configuration.


NEW QUESTION # 14
Which two features can help users create business rules?

  • A. Rules are represented graphically in a flow chart into which you can drag and drop components to design the rule.
  • B. Add calculations in calculation script syntax by switching to Script Mode.
  • C. Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on.
  • D. Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules.

Answer: C,D

Explanation:
In Oracle Planning 2024 Implementation, business rules are essential for automating calculations, data manipulations, and complex logic within the application. The platform provides multiple features to assist users in creating these rules efficiently, as outlined in the Oracle documentation. The two features that directly help users create business rules are:
* A. Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on: Oracle Planning offers predefined system templates that simplify rule creation. These templates enable users to quickly implement common operations like clearing data, copying data between dimensions, or aggregating data without writing complex code from scratch. This feature is particularly useful for users who may not have advanced scripting skills, as it provides a guided, template-driven approach to rule design.
* C. Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules: Groovy business rules extend the capabilities of standard business rules by allowing users to write custom logic using the Groovy scripting language. This feature is designed for advanced use cases, such as dynamic calculations based on runtime conditions or complex data manipulations that go beyond the scope of traditional rules. It empowers users to address specialized business requirements efficiently.
* B. Add calculations in calculation script syntax by switching to Script Mode: While Script Mode exists and allows users to write calculations using a script-based syntax (e.g., Essbase calc scripts), it is not highlighted as a primary "feature" for creating business rules in the Oracle Planning 2024 context. It is more of a mode of operation rather than a distinct feature assisting rule creation.
* D. Rules are represented graphically in a flow chart into which you can drag and drop components to design the rule: Although graphical rule design was a feature in older Hyperion Planning versions (e.g., Calculation Manager's graphical interface), Oracle Planning 2024 documentation does not emphasize a drag-and-drop flowchart interface as a current primary method for rule creation. Instead, it focuses on templates and Groovy scripting.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Working with Business Rules" (docs.oracle.com, updated 2024). This section details the use of "system templates for calculations" and
"Groovy business rules" as key features for rule creation.
* Oracle Planning 2024 Implementation Study Guide: Confirms that predefined templates (e.g., for clearing or aggregating data) and Groovy rules are core features to assist users in designing business rules.


NEW QUESTION # 15
Which module should you enable first to track the utilization of employees in Projects?

  • A. Projects module before Workforce module
  • B. Workforce module before Projects module
  • C. Financials module before Projects module
  • D. Projects module before Financials module

Answer: B

Explanation:
To track the utilization of employees in the Projects module of Oracle Planning 2024, the Workforce module must be enabled first. Employee utilization in Projects refers to tracking how employees' time and costs (e.g., hours worked, labor expenses) are allocated to specific projects. The Workforce moduleprovides the foundational data-such as employee details, roles, salaries, and hours-required to calculate utilization metrics. Once Workforce is enabled and configured with employee data, the Projects module can leverage this data via integration to track utilization against project tasks and budgets.
* A. Projects module before Financials module: Incorrect. Enabling Projects before Financials does not address employee utilization tracking, as Financials focuses on revenue and expense planning, not employee-specific data.
* B. Financials module before Projects module: Incorrect. Financials provides financial planning capabilities but does not manage employee data or utilization, which is a Workforce function.
* C. Workforce module before Projects module: Correct. Workforce must be enabled first to define employee data, which Projects then uses to track utilization through integration (e.g., via data maps or direct links).
* D. Projects module before Workforce module: Incorrect. Enabling Projects first without Workforce would limit utilization tracking, as Projects relies on Workforce for employee-related data.
The Oracle documentation specifies that Workforce is a prerequisite for detailed employee utilization tracking in Projects, making C the correct sequence.
References:
* Oracle Planning 2024 Implementation Study Guide: "Integrating Workforce with Projects" (docs.oracle.
com, Published 2024-09-20).
* Oracle EPM Cloud Documentation: "Tracking Utilization in Projects" (docs.oracle.com, Published
2023-12-15, updated for 2024).


NEW QUESTION # 16
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