PRACTICAL CERTIFICATION 1Z0-1080-24 EXAM COST & LEADER IN QUALIFICATION EXAMS & HOT 1Z0-1080-24: ORACLE PLANNING 2024 IMPLEMENTATION PROFESSIONAL

Practical Certification 1z0-1080-24 Exam Cost & Leader in Qualification Exams & Hot 1z0-1080-24: Oracle Planning 2024 Implementation Professional

Practical Certification 1z0-1080-24 Exam Cost & Leader in Qualification Exams & Hot 1z0-1080-24: Oracle Planning 2024 Implementation Professional

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Oracle 1z0-1080-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • Manage Approvals:This section of the exam measures the skills of approval process managers and covers setting up approval workflows in Planning. It explains how to configure approval processes to streamline decision-making within organizations.
Topic 3
  • 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 4
  • 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 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
  • Manage Forms, Dashboards, and Navigation Flows: This section of the exam measures the skills of dashboard designers and covers designing forms, dashboards, and validation rules. It also includes creating and managing navigation flows to streamline user experience within Planning applications.
Topic 7
  • 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.
Topic 8
  • 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 9
  • 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.

Oracle Planning 2024 Implementation Professional Sample Questions (Q36-Q41):

NEW QUESTION # 36
Which statement describes Strategic Modeling?

  • A. It is used to model the flow of data by defining strategic rules for sharing data between modules.
  • B. It is used to strategically manage and analyze finances at any business level with built-in dashboards.
  • C. It is used to develop driver-based strategic plans and generate core financial statements.
  • D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities.

Answer: D

Explanation:
Strategic Modeling in Oracle Planning 2024 is a module designed to enable rapid modeling and evaluation of financial scenarios, such as mergers, acquisitions, or long-term strategic plans. It provides a flexible framework for simulating "what-if" scenarios and includes out-of-the-box treasury capabilities,such as cash flow forecasting, debt scheduling, and interest rate calculations, which are critical for strategic financial planning.
* A. It is used to model the flow of data by defining strategic rules for sharing data between modules:
Incorrect. This describes data integration (e.g., via data maps), not Strategic Modeling, which focuses on scenario analysis.
* B. It is used to develop driver-based strategic plans and generate core financial statements: Incorrect.
While it supports driver-based planning, generating core financial statements is more aligned with the Financials module, not Strategic Modeling's primary focus.
* C. It is used to strategically manage and analyze finances at any business level with built-in dashboards:
Incorrect. This is too broad and aligns more with the overall Planning application, not specifically Strategic Modeling.
* D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities: Correct. This matches the module's purpose of rapid scenario modeling and its treasury- related features.
The Oracle documentation highlights Strategic Modeling's role in scenario analysis and its treasury tools, making D the accurate description.
References:
* Oracle Planning 2024 Implementation Study Guide: "Overview of Strategic Modeling" (docs.oracle.
com, Published 2024-09-25).
* Oracle EPM Cloud Documentation: "Strategic Modeling Features" (docs.oracle.com, Published 2023-
10-25, updated for 2024).


NEW QUESTION # 37
In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?

  • A. After all children are promoted to the same owner, the parent is promoted to the owner.
  • B. When you approve a parent. Its children are Signed Off.
  • C. After all children are promoted to the same owner, the parent status is changed to Signed Off.
  • D. When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.

Answer: A,D

Explanation:
In Oracle Planning 2024, the approval process uses an approval unit hierarchy where parent and child relationships influence the review workflow. The two ways these relationships affect the process are:
* A. When the status of all children changes to one status (for example, Signed Off), the parent status changes to the same status: Correct. In a bottom-up approval process, when all child approval units reach a uniform status (e.g., Signed Off, Approved), the parent's status automatically updates to match, reflecting the completion of the children's review.
* B. When you approve a parent, its children are Signed Off: Incorrect. Approving a parent does not automatically sign off its children; the workflow typically moves bottom-up, requiring children to be approved first.
* C. After all children are promoted to the same owner, the parent status is changed to Signed Off:
Incorrect. Promotion to an owner changes ownership, not necessarily status (e.g., Signed Off). Status changes are driven by approval actions, not just ownership.
* D. After all children are promoted to the same owner, the parent is promoted to the owner: Correct. In the approval hierarchy, once all child units are promoted to a new owner (e.g., for review), the parent unit is also promoted to that owner, ensuring the hierarchy progresses together.
The Oracle documentation confirms that A (status aggregation) and D (owner promotion) are key behaviors of parent/child relationships in the approval process, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Approval Unit Hierarchies" (docs.oracle.com, Published 2024-09-25).
* Oracle EPM Cloud Documentation: "Managing Approvals" (docs.oracle.com, Published 2023-12-20, updated for 2024).


NEW QUESTION # 38
Which three are configuration or post-configuration tasks for Financials?

  • A. Setting up exchange rates (for multicurrency applications)
  • B. Adding custom dimensions
  • C. Adding custom expense driver categories
  • D. Completing Planning and Forecast Preparation
  • E. Removing custom dimensions

Answer: A,B,D

Explanation:
In Oracle Planning 2024, configuring and post-configuring the Financials module involves tasks to establish its structure and functionality. The three valid configuration or post-configuration tasks are:
* A. Adding custom expense driver categories: Incorrect. While Financials supports driver-based planning (e.g., revenue drivers), adding custom expense driver categories is not a standard configuration task-it's more of a customization within forms or rules, not a core setup step.
* B. Adding custom dimensions: Correct. Adding custom dimensions (e.g., Region, Product) is a key configuration task in Financials to tailor the module to business needs, often done during or shortly after initial setup.
* C. Completing Planning and Forecast Preparation: Correct. This mandatory configuration task defines the planning periods, scenarios, and versions for Financials, setting the foundation for budgeting and forecasting.
* D. Setting up exchange rates (for multicurrency applications): Correct. For multicurrency-enabled Financials applications, configuring exchange rates is a critical task during or post-configuration to support currency conversion in financial planning.
* E. Removing custom dimensions: Incorrect. Removing dimensions is not a standard configuration or post-configuration task-it's a rare adjustment that could disrupt existing data and is not recommended as part of setup.
The Oracle documentation identifies B, C, and D as essential tasks during or after Financials configuration, ensuring the module meets planning and reporting requirements.
References:
* Oracle Planning 2024 Implementation Study Guide: "Financials Configuration Tasks" (docs.oracle.
com, Published 2024-10-15).
* Oracle EPM Cloud Documentation: "Setting Up Financials" (docs.oracle.com, Published 2023-12-15, updated for 2024).


NEW QUESTION # 39
Which three form validation rules options are supported in Planning?

  • A. Validate only for users with access to this form
  • B. Validate rules as Service Administrator, regardless of logged-in user, when the form is loaded or saved
  • C. Validate only for pages with existing blocks
  • D. Validate only for cells and pages to which a user has access
  • E. Validate for all page combinations and all existing or potential blocks

Answer: C,D,E

Explanation:
In Oracle Planning 2024 Implementation, form validation rules ensure data integrity and usability by defining how forms are validated when loaded or saved. The platform supports multiple validation options tailored to performance, security, and user access, as outlined below:
* A. Validate only for cells and pages to which a user has access: This option restricts validation to the data cells and form pages that the logged-in user has permission to view or edit, based on security settings. It enhances performance by limiting the validation scope and ensures users only interact with relevant data.
* C. Validate for all page combinations and all existing or potential blocks: This comprehensive validation option checks all possible page combinations and data blocks (both existing and potential) within the form. It is useful for ensuring complete data consistency across the application, though it may impact performance due to its extensive scope.
* E. Validate only for pages with existing blocks: This option limits validation to pages that already contain data blocks, ignoring potential blocks that could be created. It strikes a balance between performance and thoroughness, focusing validation efforts on existing data.
* B. Validate rules as Service Administrator, regardless of logged-in user, when the form is loaded or saved: While Service Administrators have elevated privileges, this is not a distinct form validation rule option. Validation rules are applied based on form settings and user access, not specifically tied to the Service Administrator role overriding the logged-in user's context.
* D. Validate only for users with access to this form: This option overlaps withAbut is less precise.
Validation is tied to cell-level and page-level access rather than a broad "users with access to this form" criterion, makingAthe more accurate choice per Oracle's terminology.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Designing Forms - Validation Rules" (docs.oracle.com, updated 2024). Describes validation options including "cells and pages a user has access to," "all page combinations and blocks," and "pages with existing blocks."
* Oracle Planning 2024 Implementation Study Guide: Lists the three supported validation options (A, C, E) under form design and validation settings, aligning with security and performance optimization features.


NEW QUESTION # 40
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?

  • A. You can decrease Preferred to balance the model.
  • B. You can decrease Dividends or Assets to balance the model.
  • C. You can increase Debt or Equity to balance the model.
  • D. You can increase Contra-Equity to balance the model.

Answer: B,C

Explanation:
In Oracle Planning 2024's Strategic Modeling module, balancing a model with a deficit involves adjusting funding options to ensure cash flow or balance sheet equilibrium. When there's a deficit (e.g., insufficient cash), you can either increase inflows or decrease outflows. The two valid statements are:
* A. You can decrease Preferred to balance the model: Incorrect. "Preferred" typically refers to preferred stock (an equity component), but decreasing it (e.g., reducing preferred equity) would not directly increase available funds to cover a deficit-it might even worsen it by reducing capital.
* B. You can increase Debt or Equity to balance the model: Correct. Increasing Debt (e.g., issuing loans) or Equity (e.g., issuing stock) provides additional funds to cover a deficit, a common strategy in Strategic Modeling to balance cash needs.
* C. You can decrease Dividends or Assets to balance the model: Correct. Decreasing Dividends reduces cash outflows, retaining more funds, while decreasing Assets (e.g., selling assets) generates cash inflows, both helping to balance the model.
* D. You can increase Contra-Equity to balance the model: Incorrect. Contra-Equity (e.g., treasury stock) reduces total equity when increased (e.g., buying back shares), which decreases available funds, not helping to balance a deficit.
The Oracle documentation highlights that increasing Debt/Equity or decreasing Dividends/Assets are standard funding options in Strategic Modeling to address deficits, making B and C the correct statements.
References:
* Oracle Planning 2024 Implementation Study Guide: "Balancing Models in Strategic Modeling" (docs.
oracle.com, Published 2024-09-15).
* Oracle EPM Cloud Documentation: "Funding Options in Strategic Scenarios" (docs.oracle.com, Published 2023-12-10, updated for 2024).


NEW QUESTION # 41
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