Oracle Updated 1z0-1080-24 Exam Questions and Answers by delilah-rose

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 Implementation’s Workforce module, configuring merit-related settings for employees involves specifying eligibility criteria and timing, such as a hire date cutoff for existing employees to receive merit increases and the month when merit adjustments begin. TheMerit Assumptionsoption is the correct choice for this purpose.

B. Merit Assumptions: This feature allows administrators to define merit-related parameters, including the "hire by" date (the date by which employees must be hired to be eligible for merit) and the "merit start month" (the month when merit increases take effect). It provides a centralized way to set these assumptions, ensuring they are applied consistently across the workforce plan.

A. Workforce Assumptions: This option covers broader workforce settings (e.g., default hire dates, salary assumptions), but it does not specifically address merit eligibility or timing details like hire-by dates or merit start months.

C. Merit Rates: This pertains to defining the percentage or amount of merit increases, not the eligibility dates or start month for merit application.

D. Merit Month: While this might seem relevant, "Merit Month" is not a standalone option in Workforce. It is a setting typically configured within Merit Assumptions, not an independent feature.

TheMerit Assumptionsoption is explicitly designed to handle these merit-specific configurations, making it the most suitable choice.

References

Oracle Enterprise Performance Management Cloud Documentation: "Administering Workforce – Merit Assumptions" (docs.oracle.com, updated 2024). States that "Merit Assumptions allow setting the hire-by date for merit eligibility and the merit start month."

Oracle Planning 2024 Implementation Study Guide: Confirms that Merit Assumptions is used to specify eligibility criteria and timing for merit increases in Workforce.

In Oracle Planning 2024, predefined roles in Cloud EPM determine user permissions. The requirement is for a role that allows a Planning user to create and administer Planning or Planning Modules and service components, as well as grant permissions to other users. Among the options:

A. System Administrator: Incorrect. This role exists in some Oracle systems but is not a Cloud EPM predefined role specific to Planning. It’s too broad and not aligned with EPM terminology.

B. Approvals Administrator: Incorrect. This role manages approval processes (e.g., workflows) but does not include creating/administering applications or granting permissions beyond approvals.

C. Identity Role Administrator: Incorrect. While this role manages identity and access (e.g., assigning roles), it does not allow creating or administering Planning applications or service components.

D. Service Administrator: Correct. The Service Administrator role in Cloud EPM allows users to create and manage Planning applications, configure modules and service components (e.g., forms, rules), and assign permissions to other users via access control.

The Service Administrator role is the highest-level predefined role in Oracle EPM Cloud for Planning, encompassing application management and user permission assignments, making it the correct choice.

References:

Oracle Planning 2024 Implementation Study Guide: "Predefined Roles in Cloud EPM" (docs.oracle.com, Published 2024-08-25).

Oracle EPM Cloud Documentation: "Managing Users and Roles" (docs.oracle.com, Published 2023-10-30, updated for 2024).

In Oracle Planning 2024’s Strategic Modeling module, balancing a model with a deficit involves adjusting funding options to ensure cash flow or balance sheet equilibrium. When there’s a deficit (e.g., insufficient cash), you can either increase inflows or decrease outflows. The two valid statements are:

A. You can decrease Preferred to balance the model: Incorrect. "Preferred" typically refers to preferred stock (an equity component), but decreasing it (e.g., reducing preferred equity) would not directly increase available funds to cover a deficit—it might even worsen it by reducing capital.

B. You can increase Debt or Equity to balance the model: Correct. Increasing Debt (e.g., issuing loans) or Equity (e.g., issuing stock) provides additional funds to cover a deficit, a common strategy in Strategic Modeling to balance cash needs.

C. You can decrease Dividends or Assets to balance the model: Correct. Decreasing Dividends reduces cash outflows, retaining more funds, while decreasing Assets (e.g., selling assets) generates cash inflows, both helping to balance the model.

D. You can increase Contra-Equity to balance the model: Incorrect. Contra-Equity (e.g., treasury stock) reduces total equity when increased (e.g., buying back shares), which decreases available funds, not helping to balance a deficit.

The Oracle documentation highlights that increasing Debt/Equity or decreasing Dividends/Assets are standard funding options in Strategic Modeling to address deficits, making B and C the correct statements.

References:

Oracle Planning 2024 Implementation Study Guide: "Balancing Models in Strategic Modeling" (docs.oracle.com, Published 2024-09-15).

Oracle EPM Cloud Documentation: "Funding Options in Strategic Scenarios" (docs.oracle.com, Published 2023-12-10, updated for 2024).