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Oracle Planning 2024 Implementation Professional Sample Questions (Q48-Q53):
NEW QUESTION # 48
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?
Answer: B
Explanation:
In Oracle Planning 2024's module-based Planning, including the Financials module, the time frame (e.g., years) and granularity (e.g., months, weeks) for plans and forecasts are configured to define the planning horizon and periodicity. For Financials, this configuration occurs in:
* A. Planning and Forecast Preparation: Correct. This component is where administrators define the time frame (e.g., start year, number of years) and granularity (e.g., monthly, weekly) for plans and forecasts.
It's a mandatory configuration task executed via the Configure card, allowing module-specific settings.
* B. Manage Time Periods: Incorrect. This is not a standard component in Oracle Planning for setting time frame and granularity; it's a term more aligned with other Oracle systems (e.g., Essbase) or custom period management, not Financials configuration.
* C. Seasonality Management: Incorrect. Seasonality Management deals with distributing data across periods based on patterns (e.g., seasonal trends), not setting the overall time frame or granularity.
* D. Valid Intersections: Incorrect. Valid Intersections define allowable data combinations across dimensions, not the time frame or granularity of plans.
The Oracle documentation specifies that Planning and Forecast Preparation is the component where time- related settings are established for Financials, making A the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Configuring Time Frame in Financials" (docs.
oracle.com, Published 2024-10-10).
* Oracle EPM Cloud Documentation: "Planning and Forecast Preparation" (docs.oracle.com, Published
2023-11-15, updated for 2024).
NEW QUESTION # 49
You want to allocate project expenses to one or more capital assets.
Which two statements describe what you need to set up in Projects or Capital to share the data?
Answer: A,B
Explanation:
To allocate project expenses to one or more capital assets in Oracle Planning 2024 Implementation, integration between the Projects and Capital modules must be established. Two specific setup steps are required to enable this data sharing:
* B. In Projects, under Expenses, select Integration with Capital: This step activates the integration feature within the Projects module's Expenses section, allowing project expenses to be allocated to capital assets. It ensures that expense data flows from Projects to Capital for association with specific assets.
* D. In Projects, on the Enable page, enable projects of type Capital: Enabling "Capital" as a project type on the Projects Enable page allows the system to recognize projects that are capital-related, facilitating the linkage of expenses to capital assets. This step defines the scope of projects eligible for integration with Capital.
* A. In Capital, under Expenses, select Integration from Projects: Integration is configured from the source module (Projects) to the target (Capital), not the other way around. Capital receives data but does not initiate the integration.
* C. In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project: Adding a custom dimension in Capital is unnecessary for this integration. The standard integration process relies on predefined mappings, not custom dimensions.
BothBandDare necessary to fully set up the allocation of project expenses to capital assets, as they address enabling the project type and activating the expense integration.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Administering Projects - Integration with Capital" (docs.oracle.com, updated 2024). Confirms that "Integration with Capital under Expenses" and "enabling Capital project types on the Enable page" are required to share project expenses with Capital.
* Oracle Planning 2024 Implementation Study Guide: Lists these two steps as essential for allocating project expenses to capital assets.
NEW QUESTION # 50
Your administrator creates a Pipeline definition to manage metadata, and data for your Planning application.
Which statement about pipelines is true?
Answer: D
Explanation:
In Oracle Planning 2024, a Pipeline is a feature that allows administrators to define and automate a sequence of jobs (e.g., data imports, metadata updates, calculations) as a single, coordinated process.Pipelines streamline the management of metadata and data by executing multiple tasks in a specified order, ensuring dependencies are met, and providing a repeatable workflow for maintaining the Planning application.
* A. Develop pipelines to guide you through the Planning process: Incorrect. Pipelines are not a planning guide; they are an automation tool for executing jobs, not a process framework.
* B. Use pipelines as a visible, automated, and repeatable system of record for running an application:
Incorrect. While pipelines are automated and repeatable, they are not a "system of record" for running the entire application-they focus on specific job sequences.
* C. Use pipelines to coordinate the running of a series of jobs as a single process: Correct. This aligns with the Oracle definition of pipelines, which orchestrate multiple jobs (e.g., import data, refresh database) into one executable process.
* D. Quickly drill into data slices that are important to you with pipelines: Incorrect. Pipelines are not designed for data analysis or drilling into data slices; they are for job automation.
The Oracle documentation emphasizes that pipelines are used to manage and execute a series of jobs efficiently, making C the true statement.
References:
* Oracle Planning 2024 Implementation Study Guide: "Working with Pipelines" (docs.oracle.com, Published 2024-10-05).
* Oracle EPM Cloud Documentation: "Automating Tasks with Pipelines" (docs.oracle.com, Published
2023-11-30, updated for 2024).
NEW QUESTION # 51
You must assign a Planning user with a Cloud EPM predefined role that allows them to create and administer Planning or Planning Modules and service components. This role should also allow them to grant permissions to other users.
Which of the following predefined role must you assign this Planning user?
Answer: C
Explanation:
In Oracle Planning 2024, predefined roles in Cloud EPM determine user permissions. The requirement is for a role that allows a Planning user to create and administer Planning or Planning Modules and service components, as well as grant permissions to other users. Among the options:
* A. System Administrator: Incorrect. This role exists in some Oracle systems but is not a Cloud EPM predefined role specific to Planning. It's too broad and not aligned with EPM terminology.
* B. Approvals Administrator: Incorrect. This role manages approval processes (e.g., workflows) but does not include creating/administering applications or granting permissions beyond approvals.
* C. Identity Role Administrator: Incorrect. While this role manages identity and access (e.g., assigning roles), it does not allow creating or administering Planning applications or service components.
* D. Service Administrator: Correct. The Service Administrator role in Cloud EPM allows users to create and manage Planning applications, configure modules and service components (e.g., forms, rules), and assign permissions to other users via access control.
The Service Administrator role is the highest-level predefined role in Oracle EPM Cloud for Planning, encompassing application management and user permission assignments, making it the correct choice.
References:
* Oracle Planning 2024 Implementation Study Guide: "Predefined Roles in Cloud EPM" (docs.oracle.
com, Published 2024-08-25).
* Oracle EPM Cloud Documentation: "Managing Users and Roles" (docs.oracle.com, Published 2023-10-
30, updated for 2024).
NEW QUESTION # 52
You can override expense lines in Financials with the more detailed values that Workforce stores. What steps would you take to move the detailed values to Financials?
Answer: B
Explanation:
In Oracle Planning 2024, integrating detailed Workforce data (such as salary, benefits, and taxes) into Financials involves leveraging out-of-the-box integration features like data maps and Smart Push. To override expense lines in Financials with more detailed values stored in Workforce, the correct approach is to define how Workforce accounts roll up into Financials accounts using the "Financial Statement Integration" data map. This process involves mapping specific Workforce accounts (e.g., payroll taxes, total salary) to corresponding Financials accounts and then synchronizing and pushing the data to update Financials with the detailed values.
Option A is the verified answer because it directly addresses the initial setup required to move detailed Workforce values into Financials by defining the rollup mappings in the Financial Statement Integration data map. After this mapping is configured, administrators can synchronize and push the data to reflect the detailed values in Financials reporting. Option B is incorrect because the Financials Integration Summary form is used to view rolled-up data, not to calculate compensation data for updating underlying Workforce details-this is a Workforce-specific task, not a data movement step. Option C is also incorrect, as there is no "Rollup business rule" explicitly mentioned in the Financials Integration Summary form's Actions menu for this purpose; instead, rollup occurs via data maps. Option D, while related to Compensation Data synchronization, is a narrower action that does not fully address the broader task of moving detailed Workforce values into Financials expense lines, which requires the Financial Statement Integration data map.
The Oracle Planning 2024 Implementation documentation highlights that Financials integrates with Workforce using predefined data maps, such as Financial Statement Integration, to roll up detailedemployee expenses into financial reporting, making Option A the most accurate and complete step for this scenario.
References:
* Oracle Planning 2024 Implementation Study Guide: "Integration Scenarios and Workflow" (docs.oracle.
com, Published 2024-08-19).
* Oracle EPM Cloud Documentation: "Oracle 1Z0-1080-20 Planning 2020 Implementation Essentials" (updated for 2024 workflows).
* Oracle Planning Documentation: "Administering and Working with Strategic Workforce Planning" (docs.oracle.com, Published 2024-12-04).
NEW QUESTION # 53
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