1z0-1080-24 Oracle Planning 2024 Implementation Professional Questions and Answers

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.

In Oracle Planning 2024, the Optimize Dimension feature enhances performance by reordering dimensions in BSO (Block Storage Option) cubes. Let’s evaluate the six statements to determine the four that are true:

A. The new optimized dimension order is maintained even if you enable additional features or other modules: True. Once optimized, the dimension order remains intact even if new features or modules are enabled, unless explicitly re-optimized or manually altered. This ensures performance stability post-optimization.

B. You can optimize the dimension order only for BSO cubes in Custom Planning applications: True. The Optimize Dimension feature is exclusively available for BSO cubes in Custom Planning applications, not for ASO (Aggregate Storage Option) cubes or module-based applications (e.g., Financials, Workforce), due to their predefined structures.

C. You can optimize the dimension order only for Financials and Projects, and only for the provided BSO cubes that are created when you enable and configure: False. This statement is incorrect because the feature applies to Custom Planning applications, not specifically to Financials and Projects, which use predefined BSO cubes not eligible for user-driven dimension optimization.

D. You optimize dimension order first in your test environment before you optimize dimension order in the production environment: True. Oracle recommends testing dimension optimization in a test environment first as a best practice to assess performance impacts and avoid risks in production, making this a procedural truth.

E. You refresh the database and then back up the application and download the snapshot before you optimize dimension order: True. Before optimizing, Oracle advises refreshing the database to ensure data consistency, then backing up the application and downloading a snapshot to preserve a recovery point in case optimization causes issues.

F. You can optimize the dimension order only for Financials and Workforce, and only for the provided BSO cubes that are created when you enable and configure: False. Similar to C, this is incorrect; optimization is not restricted to Financials and Workforce module cubes—it’s for Custom Planning BSO cubes, not predefined module-specific cubes.

From these, the four true statements are:

A – Persistence of the optimized order after feature/module changes.

B – Restriction to BSO cubes in Custom Planning applications.

D – Testing in a test environment first as a best practice.

E – Refreshing and backing up before optimization.

The false statements (C and F) incorrectly limit the feature to specific modules (Financials, Projects, Workforce), whereas it’s designed for Custom Planning applications. The Oracle documentation supports A, B, D, and E as true, aligning with the feature’s functionality and recommended practices.

References:

Oracle Planning 2024 Implementation Study Guide: "Optimize Dimension Feature" (docs.oracle.com, Published 2024-09-25).

Oracle EPM Cloud Documentation: "BSO Dimension Optimization" (docs.oracle.com, Published 2023-12-20, updated for 2024).

To include asset-related expenses such as depreciation, amortization, and insurance in Financials reporting within Oracle Planning 2024 Implementation, integration between the Capital and Financials modules is required. The correct setup involves enabling integration from the Capital module to share expense data with Financials.

A. In Capital, for Expense, enable Integration with Financials: This option activates the integration feature in the Capital module under the Expense section, allowing asset-related expenses (e.g., depreciation, amortization, insurance) to be automatically pushed to Financials. Once enabled, Capital maps these expenses to the appropriate Financials accounts, ensuring seamless reporting. This is the standard method outlined in Oracle documentation for sharing Capital data with Financials.

B. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets: Adding a custom dimension in Financials is not the correct approach for integrating Capital expenses. Custom dimensions are for extending dimensionality, not for enabling data sharing between modules.

C. In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials: While account mapping is part of the integration process, it is a subsequent step that occurs after enabling integration. The primary action is enabling the integration itself, not just mapping accounts.

D. In Financials, in the Asset Expenses Wizard, map each component to a Financials account: There is no "Asset Expenses Wizard" in Financials for this purpose. The integration is driven from Capital, not through a wizard in Financials.

References

Oracle Enterprise Performance Management Cloud Documentation: "Administering Capital – Integration with Financials" (docs.oracle.com, updated 2024). Specifies that "enabling Integration with Financials under Expenses in Capital" is required to share depreciation, amortization, and insurance expenses.

Oracle Planning 2024 Implementation Study Guide: Notes that enabling integration from Capital’s Expense section is the key step for including asset-related expenses in Financials reporting.

In Oracle Planning 2024, Financials provides a predefined navigation flow for entering data, organized into cards that guide users through the planning process for Revenue and Expenses. The navigation flow is designed to streamline data input and analysis, starting with high-level views and moving into detailed entry methods. According to the Oracle documentation, the default sequence of cards for Revenue and Expenses in Financials is: Overview, followed by Driver and Trend Based, Rolling Forecast, Direct Entry, and concluding with Income Statement.

Overview: Provides a high-level summary of financial data, setting the context for planning.

Driver and Trend Based: Allows users to input data based on drivers (e.g., units sold) or trends (e.g., historical patterns), a key method for revenue and expense planning.

Rolling Forecast: Enables continuous forecasting over a defined period, integrating with driver-based inputs.

Direct Entry: Permits manual data input for specific accounts or line items, offering flexibility.

Income Statement: Consolidates all inputs into a financial statement view for review.

Option A accurately reflects this sequence as outlined in the Oracle Planning 2024 predefined navigation flow for Financials. Option B includes irrelevant cards like "Allocations" and "Strategic Top-Down," which are not part of the default Financials Revenue and Expenses flow. Option C introduces "High Level Overview" and "Detailed Overview," which are not standard card names in this context. Option D includes "Allocations" and "Detailed Bottom-Up," which are more aligned with custom flows or other modules, not the default Financials sequence.

This sequence is part of the out-of-the-box Financials navigation flow, ensuring users follow a logical progression from overview to detailed input and final reporting.

References:

Oracle Planning 2024 Implementation Study Guide: "Working with Navigation Flows in Financials" (docs.oracle.com, Published 2024-09-10).

Oracle EPM Cloud Documentation: "Planning Revenue and Expenses in Financials" (docs.oracle.com, Published 2023-11-15, updated for 2024).

To budget for future headcount and related personnel expenses (e.g., salary, benefits, taxes) in Oracle Planning 2024, the Workforce module must be enabled and configured. This module is specifically designed for detailed employee planning, including:

A. Financials: Incorrect. Financials focuses on revenue, expense, and financial statement planning at an aggregated level, not detailed headcount or personnel expenses like benefits and taxes.

B. Strategic Modeling: Incorrect. Strategic Modeling is for high-level scenario analysis (e.g., mergers, long-term strategies), not granular headcount budgeting.

C. Sales Planning: Incorrect. Sales Planning (if available as a custom module) targets sales forecasts and quotas, not employee-related expenses.

D. Workforce: Correct. Workforce enables budgeting for headcount (e.g., hiring plans) and calculates associated costs—salaries, benefits (e.g., health insurance), and taxes (e.g., payroll taxes)—with predefined and customizable options.

The Oracle documentation confirms that Workforce is the module tailored for headcount and personnel expense budgeting, making D the correct answer.

References:

Oracle Planning 2024 Implementation Study Guide: "Overview of Workforce Module" (docs.oracle.com, Published 2024-10-05).

Oracle EPM Cloud Documentation: "Planning Personnel Expenses" (docs.oracle.com, Published 2023-11-25, updated for 2024).

In Oracle Planning 2024’s Capital module, enabling Named Assets allows planning for specific, individually tracked assets (e.g., equipment, buildings) rather than generic asset categories. The two tasks you can perform when enabling Named Assets are:

A. Add the names of assets to plan at the detail level: Correct. When enabling Named Assets, you can specify the names of individual assets (e.g., “Truck A,” “Building 1”) to plan their costs, depreciation, and other details at a granular level.

B. Specify the likely number of tangible and intangible assets that you want to add in a planning cycle: Incorrect. While you estimate a maximum number of Named Assets during enablement, you don’t specify them by tangible/intangible categories—the distinction is managed later in asset planning, not at enablement.

C. Decrease the number of named assets after enabling Named Assets: Incorrect. Once Named Assets is enabled with a maximum number, you cannot decrease this limit directly; it requires reconfiguration or disabling/re-enabling the feature, which is not a standard task.

D. Increase the number of named assets after enabling Named Assets: Correct. After enablement, you can increase the maximum number of Named Assets (e.g., from 100 to 150) via the Configure card, allowing more assets to be added as needed.

The Oracle documentation confirms that A (adding asset names) and D (increasing the count post-enablement) are supported tasks for Named Assets, making them the correct answers.

References:

Oracle Planning 2024 Implementation Study Guide: "Enabling Named Assets in Capital" (docs.oracle.com, Published 2024-09-20).

Oracle EPM Cloud Documentation: "Capital Named Assets Configuration" (docs.oracle.com, Published 2023-11-10, updated for 2024).

In Oracle Planning 2024, approval units manage the review process. The two true statements are:

A. You can have up to three scenario/version combinations per approval unit: Incorrect. There’s no strict limit of three scenario/version combinations per approval unit; multiple combinations are possible based on hierarchy design.

B. Approval units are combinations of scenario, version, and entity or part of an entity: Correct. Approval units are defined by Scenario (e.g., Budget), Version (e.g., Working), and Entity (e.g., Department) or entity hierarchies, forming the basis of the approval process.

C. Approval units can also include secondary dimensions within any entity: Correct. Secondary dimensions (e.g., Product, Project) can be added to approval units within an entity to refine the scope of approval.

D. You can set the option in Application Settings to include detailed annotations for approval units: Incorrect. Annotations are cell-level notes, not an Application Settings option tied to approval units; they’re managed separately.

The Oracle documentation confirms B and C as accurate descriptions of approval units, making them the correct answers.

References:

Oracle Planning 2024 Implementation Study Guide: "Approval Units Overview" (docs.oracle.com, Published 2024-09-15).

Oracle EPM Cloud Documentation: "Configuring Approval Units" (docs.oracle.com, Published 2023-12-10, updated for 2024).

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).

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).

In Oracle Planning 2024’s Machine Learning capabilities, particularly with the "Bring Your Own ML" feature, predictions can be defined based on the type of analysis required. To predict revenue using multiple input variables such as price, promotions, industry market size, and climate, the appropriate prediction type is:

A. Dimension Prediction: Incorrect. This type is not a standard term in Oracle’s ML framework for Planning; it suggests predicting across dimensions, which isn’t specific to multi-variable revenue prediction.

B. Source Prediction: Incorrect. This is not a defined prediction type in Oracle Planning’s ML documentation; it might imply source data analysis, but it’s not applicable here.

C. Forecast Prediction: Incorrect. While forecasting involves predicting future values, “Forecast Prediction” is not a specific ML type in Oracle, and it doesn’t emphasize the use of multiple variables.

D. Multivariate Prediction: Correct. Multivariate prediction involves using multiple input variables (e.g., price, promotions, market size, climate) to predict an outcome (e.g., revenue). Oracle’s ML integration supports importing PMML models that handle multivariate analysis, aligning with this scenario.

The Oracle documentation confirms that Multivariate Prediction is the type suited for complex predictions with several input variables, making D the correct answer.

References:

Oracle Planning 2024 Implementation Study Guide: "Machine Learning Prediction Types" (docs.oracle.com, Published 2024-10-15).

Oracle EPM Cloud Documentation: "Bring Your Own ML: Multivariate Models" (docs.oracle.com, Published 2023-11-20, updated for 2024).

In Oracle Planning 2024, Service Administrators can use the Clone Snapshot feature to create an exact copy of the current application in a target environment. This feature automates all actions required for cloning, including removing the existing application and data in the target environment (if any) and replacing it with a snapshot of the source environment. The process involves exporting a snapshot fromthe source, deleting the target environment’s current application and data, and then importing and applying the snapshot to recreate the application identically.

A. Replicate Snapshot: This is incorrect because "Replicate Snapshot" is not a defined feature in Oracle Planning. Replication typically implies duplicating data without necessarily overwriting the target, which doesn’t align with the requirement of removing existing content.

B. Migration Export: This is incorrect because Migration Export only exports application artifacts (e.g., metadata, data) to a file for manual transfer or backup, but it does not automate the removal of the target environment’s content or the import process.

C. Clone Snapshot: This is correct. The Clone Snapshot feature, available under the Environment management tools, fully automates the cloning process, including deletion of the target environment’s application and data, followed by the recreation of the source application.

D. Migration Backup: This is incorrect because Migration Backup creates a backup file for recovery purposes but does not involve cloning or overwriting a target environment.

The Oracle Planning 2024 documentation specifies that Clone Snapshot is designed for such end-to-end automation, making it the ideal choice for Service Administrators to replicate an application across environments efficiently.

References:

Oracle Planning 2024 Implementation Study Guide: "Managing Environments with Clone Snapshot" (docs.oracle.com, Published 2024-09-15).

Oracle EPM Cloud Documentation: "Cloning Environments in Planning" (docs.oracle.com, Published 2023-10-20, updated for 2024).

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.