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Oracle 1z0-1080-24 Exam Cram Pdf | Answers 1z0-1080-24 Real Questions

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Oracle 1z0-1080-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Report on Planning Data: This section of the exam measures the skills of reporting analysts and covers creating reports on Planning data. It includes reporting on EPM data to provide insights into organizational performance.

Topic 2

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 3

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 4

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 5

Manage Metadata and Data: This section of the exam measures the skills of data integration specialists and covers metadata and data management in Planning. It includes identifying metadata and data load options, importing and exporting metadata and data, setting up and running data maps, creating data integrations, and mapping data across applications.

Topic 6

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.

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Oracle Planning 2024 Implementation Professional Sample Questions (Q25-Q30):

NEW QUESTION # 25
Which three statements are true about importing metadata from a flat file into Planning?

A. You can rename or delete members of attribute dimensions during a metadata import.
B. 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.
C. 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.
D. You can import data forms, dashboards, and infolets by loading a local import file or an import file from the Inbox server.
E. You can use the import file functionality to import more metadata or to perform incremental updates from the source system.

Answer: B,C,E

Explanation:
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).

NEW QUESTION # 26
By default, which four dimensions are enabled for access permissions?

A. Period
B. Version
C. Account
D. Years
E. Entity
F. Scenario

Answer: B,C,E,F

Explanation:
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.

NEW QUESTION # 27
You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values.
Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?

A. Uniform
B. Normal
C. Beta PERT
D. Lognormal
E. Triangular

Answer: E

Explanation:
In Oracle Planning 2024's Strategic Modeling simulations, selecting a probability distribution for scenarios with fixed minimum and maximum values and a known most likely value (e.g., sales estimates, inventory, marketing costs) points to:
A: Beta PERT: Incorrect. Beta PERT uses min, max, and most likely values but requires more data to shape the curve accurately, making it less ideal with limited data.
B: Uniform: Incorrect. Uniform assumes equal probability between min and max, ignoring the most likely value, which doesn't fit this scenario.
C: Triangular: Correct. The Triangular distribution uses minimum, maximum, and most likely values, making it simple and effective for limited data situations like sales or costs.
D: Normal: Incorrect. Normal requires mean and standard deviation, not just min, max, and most likely, and assumes more data availability.
E: Lognormal: Incorrect. Lognormal is skewed and suited for data with a positive range, requiring more statistical input than provided here.
C: The Oracle documentation recommends the Triangular distribution for its simplicity and suitability with limited data, making C the correct answer.
References:
Oracle Planning 2024 Implementation Study Guide: "Probability Distributions in Strategic Modeling" (docs.oracle.com, Published 2024-10-25).
Oracle EPM Cloud Documentation: "Simulation Distributions" (docs.oracle.com, Published 2023-11-
30, updated for 2024).

NEW QUESTION # 28
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. You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease 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. Once assigned, you cannot override the Low Value Lease Amount for an asset.
E. 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.

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 # 29
Which three types of revenue and expense assumptions drive data calculations in Projects?

A. Working days and hours
B. Standard rates
C. Project rates
D. Program mappings
E. Discount rates
F. Plan start year

Answer: A,B,C

Explanation:
In Oracle Planning 2024's Projects module, revenue and expense calculations are driven by specific assumptions that influence project financials. The three types of assumptions that directly drive these calculations are Working days and hours, Standard rates, and Project rates:
* A. Working days and hours: This assumption defines the available time for project execution (e.g., days per week, hours per day), directly impacting labor costs and revenue projections based on resource utilization.
* C. Standard rates: These are predefined rates (e.g., hourly or daily rates for labor or equipment) applied across projects unless overridden, driving cost and revenue calculations consistently.
* E. Project rates: These are project-specific rates that override standard rates when defined, allowing for tailored revenue and expense calculations based on unique project requirements.
* B. Plan start year: This is incorrect because, while it sets the timeline for planning, it does not directly drive revenue or expense calculations-it's a temporal parameter, not an assumption affecting financial data.
* D. Program mappings: This is incorrect because program mappings relate to integrating data across programs, not driving revenue or expense calculations within Projects.
* F. Discount rates: This is incorrect because discount rates are used for net present value (NPV) or financial analysis, not as a direct driver of revenue and expense assumptions in Projects.
The Oracle Projects module documentation highlights that Working days and hours, Standard rates, and Project rates are foundational assumptions that calculate costs (e.g., labor expenses) and revenues (e.g., billable amounts), making them the correct choices.
References:
* Oracle Planning 2024 Implementation Study Guide: "Configuring Projects Assumptions" (docs.oracle.
com, Published 2024-10-10).
* Oracle EPM Cloud Documentation: "Revenue and Expense Planning in Projects" (docs.oracle.com, Published 2023-11-25, updated for 2024).

NEW QUESTION # 30
......

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