Free Oracle 1z0-1080-24 Practice Exam with Questions & Answers | Set: 2

In the Oracle Planning 2024 Workforce module, theSynchronize DefinitionsMass Update form is the tool provided to update employee properties, job properties, or salary-related information in bulk. This form allows administrators to modify and synchronize metadata definitions across multiple employees or jobs efficiently, ensuring consistency in workforce planning data.

D. Synchronize Definitions: This form enables updates to employee properties (e.g., status, department), job properties (e.g., job code, title), and salary-related information (e.g., salary basis, grade). It is designed to handle mass updates to metadata and ensure that changes are reflected across the Workforce model.

A. Synchronize Defaults: This option is related to applying default assumptions or settings to data, not specifically for updating employee, job, or salary properties.

B. Process Updated Data: This form focuses on processing data changes (e.g., recalculating costs after data entry), not on updating properties or definitions.

C. Process Data and Synchronize Defaults: This is a combined action that processes data and applies defaults, but it does not specifically target updates to employee properties, job properties, or salary information.

TheSynchronize Definitionsform stands out as the correct choice because it directly addresses bulk updates to workforce metadata, aligning with the question’s focus on properties and salary-related information.

References

Oracle Enterprise Performance Management Cloud Documentation: "Managing Workforce – Mass Update Forms" (docs.oracle.com, updated 2024). Describes the "Synchronize Definitions" form as the tool for updating "employee properties, job properties, and salary-related information."

Oracle Planning 2024 Implementation Study Guide: Confirms that "Synchronize Definitions" is the Mass Update form for modifying workforce metadata.

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.

When creating a Planning application with EPM Enterprise Cloud in Oracle Planning 2024, administrators can select from specific application types. The three available types are:

A. Modules: Correct. The Modules type allows creating a preconfigured application with options like Financials, Workforce, or Capital, tailored to specific planning needs.

B. Plan: Incorrect. “Plan” is not a distinct application type; it’s a generic term for planning, not an option in the creation wizard.

C. Free Form: Correct. Free Form provides a blank slate for custom cube design without predefined structures, offering maximum flexibility.

D. Hybrid: Incorrect. “Hybrid” is not an application type in EPM Enterprise Cloud; it may refer to Essbase configurations, not Planning application creation.

E. Custom: Correct. Custom allows building an application with user-defined dimensions and structures, distinct from Modules’ prebuilt options.

The Oracle documentation lists Modules, Free Form, and Custom as the selectable types in EPM Enterprise Cloud, making A, C, and E the correct answers.

References:

Oracle Planning 2024 Implementation Study Guide: "Creating Planning Applications" (docs.oracle.com, Published 2024-10-20).

Oracle EPM Cloud Documentation: "Application Types in EPM Enterprise Cloud" (docs.oracle.com, Published 2023-11-25, updated for 2024).

In Oracle Planning 2024’s Workforce module, Merit-Based Planning involves planning salary increases or adjustments based on employee performance (merit). To perform this, you need workforce data at a level of granularity that includes individual employee details. The two levels required are:

A. Merit: Incorrect. "Merit" is not a granularity level; it’s a planning concept or assumption applied to employee data, not a structural level of detail.

B. Employee and Job: Correct. This level combines employee-specific data (e.g., individual identity) with job-specific data (e.g., role, grade), enabling merit-based adjustments tailored to both the person and their position.

C. Job: Incorrect. Job-level granularity (e.g., aggregated data for a role) lacks individual employee details, which are necessary for merit-based planning.

D. Employee: Correct. Employee-level granularity provides the individual data (e.g., current salary, performance rating) needed to calculate merit increases for specific employees.

Merit-Based Planning requires at least Employee-level detail, and often Employee and Job for more precise planning (e.g., tying merit to job roles or grades). The Oracle documentation confirms these as the key granularity levels for this functionality, making B and D the correct answers.

References:

Oracle Planning 2024 Implementation Study Guide: "Merit-Based Planning in Workforce" (docs.oracle.com, Published 2024-10-10).

Oracle EPM Cloud Documentation: "Workforce Granularity Levels" (docs.oracle.com, Published 2023-11-15, updated for 2024).

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).