Oracle Planning 2022 Implementation Professional (1z0-1080-22) Free Practice Test

Question 1

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. On the Financials Integration Summary form, from the Actions menu, select PFP Detail to calculate project data.

C. In Financials, run the Financials Integration business rule to update data from Projects.

D. Rollup project data which pushes data to Financials based on account mappings.

Correct Answer: A

Question 2

Which three do you need to enable in order to perform indirect cash flow statement planning? (Choose three.)

A. Income Statement

B. Expense

C. Revenue

D. Balance Sheet

E. Cash Flow Statement

Correct Answer: B,C,E

Question 3

Which three artifacts can be imported from a flat file? (Choose three.)

A. Dimensions

B. Cell Text

C. Linked Reporting Objects

D. Smart Lists

E. Exchange Rate Tables

Correct Answer: A,D,E

Question 4

What two form validation rules options are supported in Planning? (Choose two.)

A. When enabled, the form will be validated multiple times by replacing the user variable from the approval unit dimension with every possible value.

B. When enabled, execute validations associated with the form for all users regardless of access rights when validating the Approval unit.

C. When enabled, the system figures out which page combinations have potential data blocks and runs the validations regardless of those page combinations.

D. 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.

E. When enabled, all validations are run as the administrator and applied to the form members.

Correct Answer: A,D

Question 5

Which two tasks can be scheduled as a job in Planning? (Choose two.)

A. Promote a Planning Unit

B. Create snapshots

C. Execute Data Maps

D. Import or export data

Correct Answer: A,D

Question 6

Revenue planned in Projects is rolled up into Financials for contract projects. How must you set up the modules to share the data? Choose the best answer.

A. When enabling Financials, create a custom Project dimension to map the data to.

B. To capture Project revenue, enable Standard Rates from Projects.

C. Set up the Contract Revenue Reporting data map to map contract-related revenue to Financials.

D. In Projects, select an entity and map revenue accounts to Financials accounts for that entity.

Correct Answer: A

Question 7

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 report the results of the allocation process by Entity.

C. Due to sparse dimensionality, aggregation times are slow in the application.

D. The client would like to plan revenue by Product and Services dimensions.

E. The client has 10 dimensions in the application and needs to report at each intersection.

Correct Answer: C,E

Question 8

In Strategic Modeling Simulations, what are the three guidelines for selecting the appropriate probability distribution? (Choose three.)

A. Randomly generate a range of values for assumptions and enter best guess estimates one cell at a time.

B. Select the distribution where the conditions of the distribution match those of the input.

C. Review the descriptions of the probability distributions.

D. Evaluate the input in question, and list the conditions surrounding this input.

E. Use the Monte Carlo method to best guess your probability distribution options based on a range of assumptions.

Correct Answer: B,C,D

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Oracle Planning 2022 Implementation Professional (1z0-1080-22) Free Practice Test