Free Oracle 1z0-1080-25 Practice Exam with Questions & Answers | Set: 2

In Oracle Planning 2024’s module-based Planning, including the Financials module, the time frame (e.g., years) and granularity (e.g., months, weeks) for plans and forecasts are configured to define the planning horizon and periodicity. For Financials, this configuration occurs in:

A. Planning and Forecast Preparation: Correct. This component is where administrators define the time frame (e.g., start year, number of years) and granularity (e.g., monthly, weekly) for plans and forecasts. It’s a mandatory configuration task executed via the Configure card, allowing module-specific settings.

B. Manage Time Periods: Incorrect. This is not a standard component in Oracle Planning for setting time frame and granularity; it’s a term more aligned with other Oracle systems (e.g., Essbase) or custom period management, not Financials configuration.

C. Seasonality Management: Incorrect. Seasonality Management deals with distributing data across periods based on patterns (e.g., seasonal trends), not setting the overall time frame or granularity.

D. Valid Intersections: Incorrect. Valid Intersections define allowable data combinations across dimensions, not the time frame or granularity of plans.

The Oracle documentation specifies that Planning and Forecast Preparation is the component where time-related settings are established for Financials, making A the correct answer.

In Oracle Planning 2024’s Machine Learning capabilities, particularly with the "Bring Your Own ML" feature, predictions can be defined based on the type of analysis required. To predict revenue using multiple input variables such as price, promotions, industry market size, and climate, the appropriate prediction type is:

A. Dimension Prediction: Incorrect. This type is not a standard term in Oracle’s ML framework for Planning; it suggests predicting across dimensions, which isn’t specific to multi-variable revenue prediction.

B. Source Prediction: Incorrect. This is not a defined prediction type in Oracle Planning’s ML documentation; it might imply source data analysis, but it’s not applicable here.

C. Forecast Prediction: Incorrect. While forecasting involves predicting future values, “Forecast Prediction” is not a specific ML type in Oracle, and it doesn’t emphasize the use of multiple variables.

D. Multivariate Prediction: Correct. Multivariate prediction involves using multiple input variables (e.g., price, promotions, market size, climate) to predict an outcome (e.g., revenue). Oracle’s ML integration supports importing PMML models that handle multivariate analysis, aligning with this scenario.

The Oracle documentation confirms that Multivariate Prediction is the type suited for complex predictions with several input variables, making D the correct answer.

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, and Account. 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.

When designing a report in Reports for Oracle Enterprise Performance Management Cloud and encountering an error (indicated by a red bar above the report header), the issue often stems from report object configuration. The two possible causes are:

A. The report name is blank when you use a text function to display the name: Incorrect. A blank report name might cause display issues, but it’s not a common cause of a report object error flagged by a red bar—errors typically relate to objects or data sources, not naming.

B. The report object overlaps with another report object: Correct. Overlapping objects (e.g., grids, charts) can cause rendering or validation errors in Report Designer, triggering an error indicator like a red bar due to layout conflicts.

C. The data source connection for the report is no longer valid: Correct. If the data source (e.g., a cube or grid definition) becomes invalid (e.g., deleted, renamed, or inaccessible), the report cannot retrieve data, resulting in an error marked by a red bar.

D. The size of the inserted graphic is too large: Incorrect. While large graphics might affect performance or formatting, they do not typically cause a report object error flagged by a red bar—size issues are more likely to impact display than functionality.

The Oracle documentation identifies B (object overlap) and C (invalid data source) as frequent causes of errors in Report Designer, making them the correct answers.