The Best 1z0-1080-24 Exam Study Material and Preparation Test Question Dumps [Q21-Q41]

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The Best 1z0-1080-24 Exam Study Material and Preparation Test Question Dumps

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Q21. Which card in the Application cluster allows you to enable modules?

Settings

Configure

Tools

Enable Features

Cube Editor

Q22. By default, which four dimensions are enabled for access permissions?

Scenario

Version

Entity

Account

Period

Years

In Oracle Planning 2024 Implementation, access permissions are configured to control user access to data and metadata at the dimension level. By default, four dimensions are enabled for access permissions to ensure granular security across the application:Scenario,Version,Entity, andAccount. These dimensions are foundational to planning applications and are preconfigured for security settings out of the box.
* A. Scenario: Defines different planning scenarios (e.g., Budget, Forecast), and access permissions determine which scenarios a user can view or edit.
* B. Version: Controls access to different versions of data (e.g., Working, Final), allowing segregation of draft and approved plans.
* C. Entity: Represents organizational units (e.g., departments, divisions), and permissions restrict access to specific entities based on user roles.
* D. Account: Governs access to financial accounts (e.g., Revenue, Expenses), ensuring users only interact with relevant account data.
* E. Period: While Period (e.g., months, quarters) is a critical dimension, it is not enabled for access permissions by default. Access to time periods is typically managed indirectly through other dimensions or data-level security.
* F. Years: Similarly, the Years dimension is not enabled for access permissions by default. It is often controlled through Scenario or Version settings rather than direct permissions.
The default enablement of Scenario, Version, Entity, and Account for access permissions reflects Oracle’s design to provide robust security across planning contexts, organizational structures, and financial data.
References
* Oracle Enterprise Performance Management Cloud Documentation: “Managing Security – Access Permissions” (docs.oracle.com, updated 2024). Lists “Scenario, Version, Entity, and Account” as the four dimensions enabled for access permissions by default.
* Oracle Planning 2024 Implementation Study Guide: Confirms that these four dimensions are preconfigured for security settings to control user access.

Q23. In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC
842 standards?

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.

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.

Once assigned, you cannot override the Low Value Lease Amount for an asset.

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.

You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.

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).

Q24. Which Mass Update form in Workforce allows you to update employee properties, job properties, or salary- related information?

Synchronize Defaults

Process Updated Data

Process Data and Synchronize Defaults

Synchronize Definitions

Q25. What two levels of workforce detail granularity would you need to perform Merit-Based Planning?

Merit

Employee and Job

Job

Employee

Q26. Which task must be completed before EPM administrators import a Machine Learning model into Planning?

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

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

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

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

Q27. You want to include Named Assets in Capital.
Which two tasks can you perform when enabling Named Assets?

Add the names of assets to plan at the detail level.

Specify the likely number of tangible and intangible assets that you want to add in a planning cycle.

Decrease the number of named assets after enabling Named Assets.

Increase the number of named assets after enabling Named Assets.

Q28. Which three statements are true about importing metadata from a flat file into Planning?

You can rename or delete members of attribute dimensions during a metadata import.

You can import data forms, dashboards, and infolets by loading a local import file or an import file from the Inbox server.

Your import file must contain a list of metadata records. Each metadata record contains a delimited list of property values that matches the order designated in the header record.

When selecting to clear members during import, any member not specified is deleted from the outline after importing the dimension unless it is an ancestor of a member that was specified, or is a base member of a shared member that was specified.

You can use the import file functionality to import more metadata or to perform incremental updates from the source system.

In Oracle Planning 2024, importing metadata from a flat file into Planning involves specific rules and capabilities. The three true statements are:
* A. You can rename or delete members of attribute dimensions during a metadata import: Incorrect.
Metadata imports update dimension members (e.g., adding, updating properties), but renaming or deleting attribute dimension members is not directly supported via flat file import-it requires manual action or a separate process.
* B. You can import data forms, dashboards, and infolets by loading a local import file or an import file from the Inbox server: Incorrect. Flat file imports are for metadata (e.g., dimensions, members), not artifacts like forms, dashboards, or infolets, which are managed via Migration or Application tools.
* C. Your import file must contain a list of metadata records. Each metadata record contains a delimited list of property values that matches the order designated in the header record: Correct. The import file format requires a header defining properties (e.g., Name, Parent) and subsequent records with delimited values (e.g., CSV) matching that order, a standard requirement for metadata imports.
* D. When selecting to clear members during import, any member not specified is deleted from the outline after importing the dimension unless it is an ancestor of a member that was specified, or is a base member of a shared member that was specified: Correct. When the “Clear Members” option is selected, unspecified members are removed, but ancestors of specified members and base members of shared members are retained to maintain hierarchy integrity.
* E. You can use the import file functionality to import more metadata or to perform incremental updates from the source system: Correct. Metadata imports support both full loads and incremental updates, allowing administrators to add or modify members as needed from a source system.
The Oracle documentation verifies that C, D, and E accurately describe the metadata import process, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: “Importing Metadata from Flat Files” (docs.oracle.
com, Published 2024-10-05).
* Oracle EPM Cloud Documentation: “Metadata Import Guidelines” (docs.oracle.com, Published 2023-
11-25, updated for 2024).

Q29. In module-based Planning, you can configure the time frame and granularity for plans, and the forecast for each module. You can have a different time frame and granularity for each module and year.
When configuring Financials, in which component would you configure the time frame and granularity for plans?

Planning and Forecast Preparation

Manage Time Periods

Seasonality Management

Valid Intersections

Q30. You need to schedule a weekly data import job. Which two statements are true about scheduling jobs?

You can check the execution status of a job only if it completed.

You can set the daily maintenance time when scheduling cloning environment jobs.

You can set to receive notifications when the job has completed.

You can schedule an Import Data job to run later at intervals.

You can delete that are currently processing.

In Oracle Planning 2024, scheduling jobs such as a weekly data import is managed through the Jobs interface, which provides options for automation, monitoring, and notifications. Let’s evaluate the provided statements to identify the two that are true:
* A. You can check the execution status of a job only if it completed: This is false. The Jobs console in Oracle EPM allows users to check the status of a job (e.g., Running, Completed, Failed) at any time, not just after completion. Real-time monitoring is a key feature.
* B. You can set the daily maintenance time when scheduling cloning environment jobs: This is false.
Daily maintenance time is a system-wide setting controlled by administrators via Application Settings, not something adjustable when scheduling specific jobs like cloning or data imports.
* C. You can set to receive notifications when the job has completed: This is true. When scheduling a job (e.g., Import Data), users can enable email notifications to be alerted upon job completion, success, or failure, enhancing job management.
* D. You can schedule an Import Data job to run later at intervals: This is true. The scheduling feature supports recurring jobs, such as weekly data imports, allowing users to define the start time and frequency (e.g., daily, weekly) for tasks like importing data from external sources.
* E. You can delete that are currently processing: This is false. Jobs that are currently processing (i.e., in a “Running” state) cannot be deleted until they complete or fail, as per Oracle’s job management rules.
Thus, the two true statements are C and D, reflecting the flexibility of scheduling recurring Import Data jobs and receiving completion notifications, both of which are explicitly supported in Oracle Planning 2024.
References:
* Oracle Planning 2024 Implementation Study Guide: “Managing Jobs and Scheduling” (docs.oracle.
com, Published 2024-08-22).
* Oracle EPM Cloud Documentation: “Scheduling Jobs in Planning” (docs.oracle.com, Published 2023-
12-10, updated for 2024).
* Oracle Planning Administration Guide: “Monitoring and Notifications” (docs.oracle.com, Published
2024-10-01).

Q31. You want to set up weekly planning for 18 continuous months.
Which three options need to be selected when initially enabling features in Financials?

Time Frame Granularity

Rolling Forecast

Weeks to Months Mapping

Weekly Planning

Custom Periods

Q32. With Machine Learning, which type of prediction would you define to predict revenue using several input variables such as price, promotions, industry market size, and climate?

Dimension Prediction

Source Prediction

Forecast Prediction

Multivariate Prediction

Q33. Which dimension must members be imported into to configure Additional Earnings in the Benefits and Taxes wizard?

Component

Account

Property

Pay Type

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.

Q34. Which statement describes Strategic Modeling?

It is used to model the flow of data by defining strategic rules for sharing data between modules.

It is used to develop driver-based strategic plans and generate core financial statements.

It is used to strategically manage and analyze finances at any business level with built-in dashboards.

It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities.

Q35. Which three tasks can you perform on the Dimensions page to manage dimensions in a Custom Planning application?

Set the order of precedence.

Delete dimensions.

Clear dimension members.

Select the dimension density.

Set the Evaluation Order.

Q36. You want to budget for future headcount and related personnel expenses such as salary, benefits, and taxes.
Which module do you enable and configure to budget for these expenses?

Financials

Strategic Modeling

Sales Planning

Workforce

Q37. As a Service Administrator, you use application diagnostics at design time to identify, and resolve design flaws before an application is placed into production. Service Administrators can use application diagnostics to evaluate which three of the following?

Error log files

Migration snapshots

Individually selected artifacts

An entire application

Types of artifacts such as forms and approval units

As a Service Administrator in the context of Oracle Planning 2024 Implementation, application diagnostics is a critical tool used at design time to ensure that applications are free of design flaws before they are deployed into production. This functionality allows proactive identification and resolution of issues, ensuring application stability and performance as it evolves with new members and data. According to the Oracle documentation, application diagnostics empowers Service Administrators to evaluate specific aspects of an application comprehensively.
* D. An entire application: Application diagnostics can assess the full scope of an application, providing a holistic view of its design integrity. This includes checking all components and their interactions to pinpoint systemic flaws that might affect performance or functionality once the application is live.
* C. Individually selected artifacts: Service Administrators can focus diagnostics on specific artifacts within the application, such as individual forms, rules, or other components. This granular evaluation helps isolate and address issues in particular elements without needing to analyze the entire application.
* E. Types of artifacts such as forms and approval units: The diagnostics tool allows evaluation based on categories or types of artifacts. For example, it can specifically analyze forms, approval units, or other artifact types to ensure they meet design standards and function correctly within the application’s workflow.
The optionsA. Error log filesandB. Migration snapshotsare not explicitly mentioned as evaluable components within the scope of application diagnostics at design time in the Oracle Planning 2024 Implementation documentation. Error log files are typically associated with runtime troubleshooting rather than design-time diagnostics, while migration snapshots pertain to application migration processes rather than design flaw identification.
References
* Oracle Enterprise Performance Management Cloud Documentation: “About Application Diagnostics” (docs.oracle.com, published 2018-03-22, updated as of 2024). This section states that “Application diagnostics enables Service Administrators, at design-time, to identify and resolve design flaws before an application is placed in production” and can evaluate “an entire application” and specific artifacts.
* Oracle Planning 2024 Implementation Study Guide: Application diagnostics section confirms the ability to assess “entire applications” and “individual or types of artifacts such as forms and approval units” to ensure design integrity.
These references align with the capabilities described for Service Administrators using application diagnostics in the Oracle Planning 2024 Implementation framework.

Q38. Which statement describes infolets?

Infolets are predefined dashboards that give you insight into the overall project financials and expense and revenue metrics.

Infolets help you organize, track, and prioritize your workload.

Infolets help you quickly analyze data and understand key business questions by presenting a visual overview of high-level, aggregated information.

Infolets give business process designers control over how various roles or groups interact with a business process.

Infolets are a form type that provides flexible row management where dimension and member row cells and all data cells are unprotected.

In Oracle Planning 2024 Implementation, infolets are a feature designed to provide users with quick, visual insights into critical business data. They are not full dashboards, task management tools, or process control mechanisms, but rather compact, high-level representations of aggregated information.
* C. Infolets help you quickly analyze data and understand key business questions by presenting a visual overview of high-level, aggregated information: This statement accurately describes infolets.
They are visual tiles or widgets that display summarized data (e.g., KPIs, trends) to help users grasp key business insights at a glance. Infolets are typically found on the home page or navigation clusters and are customizable to highlight specific metrics relevant to the user’s role or application.
* A. Infolets are predefined dashboards that give you insight into the overall project financials and expense and revenue metrics: While infolets provide insights, they are not full “predefined dashboards.” Dashboards are more comprehensive, whereas infolets offer concise, targeted views of data.
* B. Infolets help you organize, track, and prioritize your workload: This describes task management or navigation features (e.g., task lists), not infolets, which focus on data visualization rather than workload management.
* D. Infolets give business process designers control over how various roles or groups interact with a business process: Infolets are not about process design or role interaction; they are about displaying data, not controlling processes.
* E. Infolets are a form type that provides flexible row management where dimension and member row cells and all data cells are unprotected: Infolets are not a form type; they are separate from forms and focus on visualization, not data entry or row management.
References
* Oracle Enterprise Performance Management Cloud Documentation: “Using Infolets” (docs.oracle.com, updated 2024). Describes infolets as “visual overviews of high-level, aggregated information to quickly analyze data and answer business questions.”
* Oracle Planning 2024 Implementation Study Guide: Defines infolets as tools for presenting summarized data visually for quick analysis.

Q39. 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?

You can decrease Preferred to balance the model.

You can increase Debt or Equity to balance the model.

You can decrease Dividends or Assets to balance the model.

You can increase Contra-Equity to balance the model.

Q40. Which item CANNOT be pushed between cubes using data maps?

Comments

Attachments

Data change history

Supporting detail

Q41. In Workforce, you want to set a date by which existing employees must be hired to be eligible to receive merit. You also want to specify the month in which merit should start.
Which option should you enable for this?

Workforce Assumptions

Merit Assumptions

Merit Rates

Merit Month

Oracle 1z0-1080-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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.
Topic 2	Manage Rules: This section of the exam measures the skills of business rule developers and focuses on designing business rules and rulesets. It explains the benefits of Groovy Rules in enhancing performance and flexibility within Planning applications.
Topic 3	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 4	Set Up Planning Security: This section of the exam measures the skills of security administrators and focuses on provisioning users and groups. It includes assigning access permissions to artifacts and cells in Planning to ensure secure access to critical information.
Topic 5	Introduction to Planning Modules: This section of the exam measures the skills of module planners and introduces Planning modules. It includes integrating modules, leveraging best practices for module planning, and configuring Financials, Workforce, Capital, and Projects.
Topic 6	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.

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The Best 1z0-1080-24 Exam Study Material and Preparation Test Question Dumps [Q21-Q41]

Oracle 1z0-1080-24 Exam Syllabus Topics:

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