[2024] Use Valid 1z0-1080-22 Exam - Actual Exam Question & Answer
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Oracle 1z0-1080-22 exam is a comprehensive test that covers a broad range of topics such as Planning overview, creating and managing dimensions, creating and managing forms, managing data, creating and managing business rules, and managing security. 1z0-1080-22 exam is intended for professionals who have a minimum of two years of experience working with Oracle Planning Cloud solutions.
NEW QUESTION # 23
What is the difference between Financials and Strategic Modeling? (Choose the best answer.)
- A. Strategic Modeling is broader in focus and used for long range planning
- B. Financials is more summarized than Strategic Modeling
- C. There is not a technical difference, both do essentially the same thing
- D. Ownership Contributions and Consolidations are out of the box in Financials
Answer: A
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 # 24
Which migration category is required to restore dimensional security? (Choose the best answer.)
- A. Calculation Manager
- B. Planning
- C. Reporting
- D. Groups and Memberships
Answer: D
NEW QUESTION # 25
Which three security design principles can help reduce overall security maintenance and troubleshooting, while still balancing security control? (Choose three.)
- A. Using inherited permissions
- B. Configuring single sign-on (SSO)
- C. Creating groups over assigning individual access permissions to users
- D. Assigning global read access to each cube, then fine-tuning none and write access within dimensional security
- E. Assigning a higher level role than necessary, then scaling back access permissions
Answer: A,C,E
NEW QUESTION # 26
Which two are displayed on the user point of view bar within a financial report? Choose two.
- A. Dimensions in a row, column, or page that are flagged for the current point of view
- B. Dimensions that are tagged as type Time
- C. Dimensions that are tagged as type Account
- D. Dimensions not defined in a row, column, or page
Answer: A,D
NEW QUESTION # 27
After loading Workforce data from external systems, which two statements describe actions you can take to process Workforce data? (Choose two.)
- A. If an existing employee was omitted from the load file, you can add that existing employee in Workforce.
Then assign properties and compensation options for that employee. - B. If an existing employee was not loaded from the load file, you won't be able to add their compensation information before first adding them to the source system and reloading the file.
- C. To calculate updated compensation data after changing benefit options and rates from the loaded file, first change the benefit options and rates in Workforce and then run the Calculate Compensation business rule.
- D. To override loaded default assignments, change them in Workforce. After saving your changes, updated compensation data is calculated.
- E. Because you cannot override loaded default assignments in Workforce, change the defaults in the load file and reload it.
Answer: C,E
NEW QUESTION # 28
When defining data load mappings in Data Management, what are the available types of member mappings? (Choose the best answer.)
- A. Explicit, Range, In, Ignore, Like
- B. Explicit, Range, In, Multi Dimension, As
- C. Explicit, Range, In, Multi Dimension, Like
- D. Explicit, Between, In, Multi Dimension, Like
Answer: D
NEW QUESTION # 29
Which two roles can be set for Strategic Modeling? Choose two.
- A. Planner
- B. Analyst
- C. Modeler
- D. Forecaster
Answer: B,C
NEW QUESTION # 30
If you choose to create your own chart of accounts in Financials, which four statements are TRUE? (Choose four.)
- A. You do not need to enable base or parent features, and instead import the metadata directly into the Financials cube.
- B. You input or import your own accounts for each enabled feature.
- C. You can perform calculations using existing rules, and plan using existing forms and dashboards.
- D. You cannot reuse existing integrated financial statements and must design your own financial statements that include the accounts you imported.
- E. Predefined drivers and the chart of accounts you brought in can co-exist within the Account dimension member outline.
- F. You enable base or parent features to create an account structure with key members for you to add your own chart of accounts.
Answer: B,C,D,F
NEW QUESTION # 31
Which three describe the supported rolling forecast time periods in Financials? (Choose three.)
- A. 1, 2, 4, 5 years
- B. 12, 18, 24, 30, 36, 48, or 60 months
- C. 13, 26, or 52 weeks
- D. 4, 12, 36 weeks
- E. 4, 6, or 8 quarters
Answer: B,C,E
NEW QUESTION # 32
A company has enabled and configured Financials. Which are three recommended post configuration tasks? (Choose three.)
- A. Defining and managing the accounts and drivers
- B. Setting Up Planning and Forecast Preparation
- C. Running Financials rules to aggregate and calculate the data
- D. Specifying days in period for driver-based Balance Sheet
- E. Entering exchange rates
- F. Modifying account signage for alternate reporting methods
Answer: B,D,E
NEW QUESTION # 33
Which three do you need to enable in order to perform indirect cash flow statement planning? (Choose three.)
- A. Expense
- B. Balance Sheet
- C. Income Statement
- D. Cash Flow Statement
- E. Revenue
Answer: A,D,E
NEW QUESTION # 34
In Strategic Modeling Simulations, which probability distribution describes many phenomena such as returns on equity or assets, inflation rates, or currency fluctuations? (Choose the best answer.)
- A. Triangular
- B. Lognormal
- C. BetaPERT
- D. Normal
- E. Uniform
Answer: D
NEW QUESTION # 35
After loading Workforce data from external systems, which statement describes actions you can take to make adjustments to loaded data and then calculate compensation expenses? Choose the best answer.
- A. In Workforce, if you change both the selected benefit option and the rate, when compensation expenses are calculated, the value will be based on the benefit option's default value.
- B. In Workforce, change properties such as salary grade and FTE, and then calculate salary, benefits, additional earnings, and taxes based on assumptions in Planning.
- C. Change loaded benefit information in Workforce such as options for medical benefits and then launch the compensation data business rule to calculate the updated benefit data.
- D. Change loaded salary information in Workforce and then run the data map for Compensation Data to calculate the updated benefits.
Answer: A
NEW QUESTION # 36
What three time period management tasks can you perform in Strategic Modeling? (Choose three.)
- A. Configure time periods to reflect the detail required by financial models, such as different levels of granularity for different years.
- B. Select and combine periods of years, halves, quarters, months, and weeks for the beginning balance year.
- C. Enable the input option for upper level time periods when you add time detail.
- D. Create period-to-date, trailing periods, deal periods, and sub periods to record transactions.
- E. Combine periods of years, halves, quarters, months, and weeks for historical forecast data.
Answer: B,C,E
NEW QUESTION # 37
In Projects, which three types of revenue and expense assumptions drive data calculations? (Choose three.)
- A. Working days and hours
- B. Standard rates
- C. Plan start year
- D. Program mappings
- E. Project rates
- F. Discount rates
Answer: A,D,E
NEW QUESTION # 38
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Oracle Planning is a web-based planning and budgeting solution that helps organizations streamline their budgeting and forecasting processes. This solution provides a comprehensive set of features and functionalities that enable organizations to manage their financial planning processes with ease. The Oracle Planning 2022 Implementation Professional certification exam is designed to test the candidate's proficiency in implementing and configuring this powerful solution.
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