Jan-2024 FREE Oracle 1z0-1080-22 PRACTICE QUESTIONS AND ANSWERS UPDATES
DEMO FREE BEFORE YOU BUY 1z0-1080-22 DUMPS
NEW QUESTION # 10
In order to be able to configure Additional Earnings in the Benefits and Taxes wizard, into which dimension do you have to import members? Choose the best answer.
- A. Property
- B. Pay Type
- C. Component
- D. Account
Answer: D
NEW QUESTION # 11
In Data Management, what are the steps you need to perform to synchronize the application metadata in the target application? (Choose the best answer.)
- A. In Data Management, to Target Application and select your Planning application. Click Refresh Metadata.
- B. In Data Management, navigate to Import Format and select your Planning application. Click Refresh Dimensions.
- C. In Data Management, navigate to Target Application and select your Planning application. Click Refresh Members.
- D. In Data Management, navigate to Application Dimensions and click Refresh Dimensions.
Answer: C
NEW QUESTION # 12
Which three metadata artifacts can be exported to a flat file? (Choose three.)
- A. Data Entry Forms
- B. Exchange Rate Tables
- C. Linked Reporting Objects
- D. Smart Lists
- E. Dimensions
Answer: B,D,E
NEW QUESTION # 13
Which two client requirements align with using an ASO plan type alongside the module-based plan types? (Choose two.)
- A. The client would like to store 10 years of actuals history for reporting purposes but only requires prior year history for planning purposes.
- B. The client would like to plan revenue by Product and Services dimensions.
- C. Due to sparse dimensionality, aggregation times are slow in the application.
- D. The client has 10 dimensions in the application and needs to report at each intersection.
- E. The client would like to report the results of the allocation process by Entity.
Answer: C,D
NEW QUESTION # 14
A company has enabled and configured Financials. Which are three recommended post configuration tasks? (Choose three.)
- A. Running Financials rules to aggregate and calculate the data
- B. Specifying days in period for driver-based Balance Sheet
- C. Entering exchange rates
- D. Defining and managing the accounts and drivers
- E. Setting Up Planning and Forecast Preparation
- F. Modifying account signage for alternate reporting methods
Answer: B,C,E
NEW QUESTION # 15
What three actions can you perform on the data displayed in the Data Integration Workbench? (Choose three.)
- A. Open loaded data in Microsoft Excel
- B. Drill-through to source from specified data cells
- C. Apply a filter using Contains and a specific value
- D. Apply a filter using Equal and a specific value
- E. Re-register or modify the data source system
Answer: B,C,D
NEW QUESTION # 16
In what three ways can Service Administrators implement EPM Automate in Planning? (Choose three.)
- A. To copy data from an aggregate storage database to a block storage database
- B. To import and export metadata, data, artifacts and snapshots
- C. To execute scripts that complete tasks using a scheduler
- D. To promote financial plans to the next level in the approval hierarchy
- E. To copy data from a block storage database to an aggregate storage database
Answer: B,C,E
Explanation:
Copy data from one database to another; typically, from a block storage database to an aggregate storage database. You can create scripts that are capable of completing a wide array of tasks and automate their execution using a scheduler. Import and export metadata, data, artifact and application snapshots, templates, and Data Management mappings.
NEW QUESTION # 17
Which two tasks can be scheduled as a job in Planning? (Choose two.)
- A. Promote a Planning Unit
- B. Execute Data Maps
- C. Import or export data
- D. Create snapshots
Answer: A,C
NEW QUESTION # 18
Whenever you change dimensionality in a target cube, what action on the Data Maps page must you take to ensure that you see metadata changes immediately? (Choose the best answer.)
- A. Select the corresponding data map, and Refresh the Database.
- B. Select the corresponding data map, and execute the Synchronize Defaults Business.
- C. Select the corresponding data map, and Synchronize to refresh the data,
- D. Select the corresponding data map, and execute the Synchronize Components Business Rule.
Answer: A
NEW QUESTION # 19
Which time period allows you to collect the most recent number of time periods and measure business performance over a specific time duration? (Choose the best answer.)
- A. Deal Period
- B. Base Period
- C. Sub Period
- D. Trailing period
- E. Periods-to-Date
Answer: D
Explanation:
Trailing periods are time periods that collect the most recent number of time periods. You can set up trailing periods to occur in either a historical or a forecast period. With trailing time periods, you can measure business performance over a specific time duration.
NEW QUESTION # 20
Which three are benefits of using EPM Enterprise Cloud Service over EPM Standard Cloud Service? (Choose three.)
- A. with Free Form Planning, deploy Planning business processes with no dimension requirements and create business processes using Essbase outline files
- B. enable preseeded configurable content including dimensions, models, forms, rules, dashboards, infolets, and reports for Strategic Modeling
- C. Custom Planning, which allows a high degree of business process customization to support business requirements
- D. deploy more than one supported business process in the same instance
- E. use of the Groovy scripting language to create or customize business rules
Answer: A,C,E
NEW QUESTION # 21
Which describes Strategic Modeling? Choose the best answer.
- A. Used to develop plans and forecasts and generate core financial statements
- B. Used primarily for balance sheet planning
- C. Used to evaluate how assets and resources related to corporate initiatives are allocated
- D. Used to evaluate financial scenarios and perform financial impact analysis.
Answer: D
NEW QUESTION # 22
Which two statements are true regarding the creation and management of business rules in module-based Planning? (Choose two.)
- A. Custom business rules can be created for each module.
- B. Modules cannot use regular business rules. Instead, they must be scripted using Groovy.
- C. Pre-defined business rules for modules may be modified, but may be ignored after an application upgrade.
- D. Custom business rules for modules can only be created using the graphical designer.
Answer: A,D
NEW QUESTION # 23
What three time period management tasks can you perform in Strategic Modeling? (Choose three.)
- A. Create period-to-date, trailing periods, deal periods, and sub periods to record transactions.
- B. Configure time periods to reflect the detail required by financial models, such as different levels of granularity for different years.
- C. Combine periods of years, halves, quarters, months, and weeks for historical forecast data.
- D. Select and combine periods of years, halves, quarters, months, and weeks for the beginning balance year.
- E. Enable the input option for upper level time periods when you add time detail.
Answer: C,D,E
NEW QUESTION # 24
Which two clients or command line tools can you download from Planning? (Choose two.)
- A. Strategic Modeling Smart View add-on
- B. Data Management
- C. Calculation Manager
- D. EPM Automate
Answer: A,D
NEW QUESTION # 25
When loading Salaries into Workforce, which Property should the values be loaded to? (Choose the best answer.)
- A. OWP_Value
- B. OWP_Expense Amount
- C. OWP_Gross Earnings
- D. OWP_Salary Basis
Answer: D
Explanation:
The salary basis specifies the frequency of the amount sent to payroll and stored as salary, such as annual or hourly amount. It also specifies the payroll element and input value that feeds the salary to payroll and the grade rate that provides the salary range.
NEW QUESTION # 26
You want to move financial information from Projects to Financials for account level data.
Which describes the action you can take to accomplish this? (Choose the best answer.)
- A. In data maps, push data for the predefined Financial Statement Integration.
- B. Rollup project data which pushes data to Financials based on account mappings.
- C. In Financials, run the Financials Integration business rule to update data from Projects.
- D. On the Financials Integration Summary form, from the Actions menu, select PFP Detail to calculate project data.
Answer: A
NEW QUESTION # 27
After enabling Financials, which three are recommended configuration tasks? (Choose three.)
- A. Adding custom dimensions
- B. Adding custom expense driver categories
- C. Setting up exchange rates (for multicurrency applications)
- D. Completing Planning and Forecast Preparation
- E. Removing custom dimensions
Answer: A,C,D
Explanation:
Reference:
fin_configuring_financials
104xdb20950b.html
NEW QUESTION # 28
Which two roles can be set for Strategic Modeling? Choose two.
- A. Forecaster
- B. Analyst
- C. Modeler
- D. Planner
Answer: B,C
NEW QUESTION # 29
What two form validation rules options are supported in Planning? (Choose two.)
- A. When enabled, the user variable for the approval dimension on the form will be replaced by the approval unit member before the validations are run.
- B. When enabled, the system figures out which page combinations have potential data blocks and runs the validations regardless of those page combinations.
- C. When enabled, the form will be validated multiple times by replacing the user variable from the approval unit dimension with every possible value.
- D. When enabled, all validations are run as the administrator and applied to the form members.
- E. When enabled, execute validations associated with the form for all users regardless of access rights when validating the Approval unit.
Answer: A,C
NEW QUESTION # 30
Which three Financials members within the Plan Element dimension allow for forecast and plan data entry? (Choose three.)
- A. OFS_Direct Input
- B. OFS_Input
- C. OFS_Trend
- D. OFS_% Increase/(Decrease)
- E. OFS_Form Entry
Answer: C,D,E
NEW QUESTION # 31
What is the difference between Financials and Strategic Modeling? (Choose the best answer.)
- A. Ownership Contributions and Consolidations are out of the box in Financials
- B. Strategic Modeling is broader in focus and used for long range planning
- C. There is not a technical difference, both do essentially the same thing
- D. Financials is more summarized than Strategic Modeling
Answer: B
Explanation:
Your strategic planning and your business planning should be complementary, but effective strategy development requires you to shift your focus from the day-to-day concerns of your business and to consider your broader and longer-term options.
NEW QUESTION # 32
How do you add custom dimensions when you enable features? (Choose the best answer.)
- A. By adding a new dimension to the cube in Create and Manage Dimensions
- B. By renaming a dimension in Map/Rename Dimensions
- C. By adding a new dimension with Data Management
- D. By creating a new dimension in Application Overview
Answer: B
NEW QUESTION # 33
Which three security design principles can help reduce overall security maintenance and troubleshooting, while still balancing security control? (Choose three.)
- A. Configuring single sign-on (SSO)
- B. Assigning global read access to each cube, then fine-tuning none and write access within dimensional security
- C. Using inherited permissions
- D. Creating groups over assigning individual access permissions to users
- E. Assigning a higher level role than necessary, then scaling back access permissions
Answer: C,D,E
NEW QUESTION # 34
Which three accounts in Workforce leverage the Component dimension for driver and trend-based calculations? (Choose three.)
- A. Cash Flow
- B. Revenue
- C. Expense
- D. Balance Sheet
Answer: B,C,D
NEW QUESTION # 35
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Oracle Planning 2022 Implementation Professional certification exam is designed to test the candidate's ability to implement and manage Oracle PBCS and EPBCS. 1z0-1080-22 exam covers a range of topics including Oracle PBCS and EPBCS architecture, planning and budgeting, forecasting, data management, security, and more. 1z0-1080-22 exam is designed to evaluate the candidate's knowledge and skills to ensure that they are capable of implementing and managing Oracle Planning solutions successfully.
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