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1Z1-1080 Valid Test Review & Oracle 1Z1-1080 Key Concepts - Oracle Planning 2019 Implementation Essentials - Royalholidayclubbed
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QUESTION NO: 1
A company has enabled the Revenue/Gross Margin, Expense, Income Statement, and Balance
Sheet options within the Financials framework and has run through the configuration steps.
Which are three recommended post configuration tasks? (Choose three.)
A. Defining and managing the Accounts and Drives
B. Specifying days in period for driver-based Balance Sheet
C. Modifying account signage for alternate reporting methods
D. Planning and Forecast preparation
E. Running Financials rules to aggregate and calculate the data
F. Entering exchange rates
Answer: A,D,F
Explanation
Perform these steps after enabling Financials features.
Etc.
References: Oracle Cloud, Administering Planning for Oracle Planning and Budgeting Cloud, page 5-8
QUESTION NO: 2
When loading Salaries into Workforce, which Property should the values be loaded to?
A. OWP_Value
B. OWP_Gross Earnings
C. OWP_Salary Basis
D. OWP_Expense Amount
Answer: C
Explanation
The salary basis specifies the frequency of the amount sent to payroll and stored as salary, such as annual or hourly amount. It also specifies the payroll element and input value that feeds the salary to payroll and the grade rate that provides the salary range.
References: https://docs.oracle.com/cloud/farel9/common/FAIWC/F1443869AN18796.htm
QUESTION NO: 3
When loading flat file data from external systems into the Enterprise Planning and Budgeting
Cloud (EPBCS) business process frameworks, which three are recommended methods? (Choose three.)
A. Import Data option with framework templates
B. XREF member formulas
C. Financial Data Quality Management Enterprise Edition (FDMEE)
D. Data Maps
E. DATAEXPORT command in Calculation Manager business rules
F. Data Management
Answer: A,C,F
Explanation
A: Oracle Hyperion Financial Data Quality Management Enterprise Edition eliminates the data integrity risks associated with collecting, mapping, verifying, and moving critical financial data. With it, you can build standardized, repeatable processes and avoid the typical inefficiencies of collecting financial data.
B: You can import data using Data Management.
E: Use the Export-Import Data template to export data from, or import data into, a location in the database outline.
References: Oracle Cloud, Administering Planning for Oracle Enterprise Planning and Budgeting Cloud
QUESTION NO: 4
If a user has been granted access to multiple navigation flows, how can they switch between them?
A. By clicking the navigator bar, then updating their preferences
B. By clicking the navigator bar, then updating their variables
C. By clicking the navigator bar, then the down arrow next to the title of the navigator flow
D. By logging, then signing in as a different user
Answer: C
QUESTION NO: 5
What is the sequence of steps for loading and calculating different scenarios of data for the
Financials framework throughout a full Plan and Forecast cycle?
A. Copy Forecast to Actuals, calculate and rollup Actuals, load plan, calculate and rollup Forecast, copy plan to Forecast, calculate and rollup
B. Calculate and rollup Plan, copy Forecast to Plan, copy Actuals to Plan, copy Plan to Actuals, copy
Actuals to Forecast, rollup Forecast
C. Copy Actuals to Plan, calculate and rollup Plan, seed Actuals, rollup Actuals, seed Forecast, calculate and rollup Forecast
D. Calculate Actuals, rollup Actuals, seed Plan, calculate and rollup Plan, seed Forecast and load
Actuals, calculate and rollup Forecast
Answer: A
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Updated: May 28, 2022
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