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Oracle 1z0-1080-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Introduction to Planning Modules: This section of the exam measures the skills of module planners and introduces Planning modules. It includes integrating modules, leveraging best practices for module planning, and configuring Financials, Workforce, Capital, and Projects.

Topic 2

Set Up Planning Security: This section of the exam measures the skills of security administrators and focuses on provisioning users and groups. It includes assigning access permissions to artifacts and cells in Planning to ensure secure access to critical information.

Topic 3

Configure Intelligent Performance Management: This section of the exam measures the skills of machine learning specialists and focuses on configuring IPM components. It includes setting up machine learning models for predictive analytics within Planning applications.

Topic 4

Introduction to Strategic Modelling: This section of the exam measures the skills of strategic modelers and covers strategic modeling concepts. It includes setting up models, running simulations, and understanding their impact on decision-making processes.

Topic 5

Planning Overview: This section of the exam measures the skills of planning administrators and focuses on understanding the features of Planning applications. It includes setting up Planning and Freeform applications, managing dimensions, and explaining the impact of dimension hierarchies. It also covers configuring valid and invalid intersections and cell-level security.

Topic 6

Manage Approvals:This section of the exam measures the skills of approval process managers and covers setting up approval workflows in Planning. It explains how to configure approval processes to streamline decision-making within organizations.

Topic 7

Manage Metadata and Data: This section of the exam measures the skills of data integration specialists and covers metadata and data management in Planning. It includes identifying metadata and data load options, importing and exporting metadata and data, setting up and running data maps, creating data integrations, and mapping data across applications.

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Oracle Planning 2024 Implementation Professional Sample Questions (Q30-Q35):

NEW QUESTION # 30
Which statement describes Strategic Modeling?

A. It is used to model the flow of data by defining strategic rules for sharing data between modules.
B. It is used to develop driver-based strategic plans and generate core financial statements.
C. It is used to strategically manage and analyze finances at any business level with built-in dashboards.
D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities.

Answer: D

Explanation:
Strategic Modeling in Oracle Planning 2024 is a module designed to enable rapid modeling and evaluation of financial scenarios, such as mergers, acquisitions, or long-term strategic plans. It provides a flexible framework for simulating "what-if" scenarios and includes out-of-the-box treasury capabilities,such as cash flow forecasting, debt scheduling, and interest rate calculations, which are critical for strategic financial planning.
* A. It is used to model the flow of data by defining strategic rules for sharing data between modules:
Incorrect. This describes data integration (e.g., via data maps), not Strategic Modeling, which focuses on scenario analysis.
* B. It is used to develop driver-based strategic plans and generate core financial statements: Incorrect.
While it supports driver-based planning, generating core financial statements is more aligned with the Financials module, not Strategic Modeling's primary focus.
* C. It is used to strategically manage and analyze finances at any business level with built-in dashboards:
Incorrect. This is too broad and aligns more with the overall Planning application, not specifically Strategic Modeling.
* D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities: Correct. This matches the module's purpose of rapid scenario modeling and its treasury- related features.
The Oracle documentation highlights Strategic Modeling's role in scenario analysis and its treasury tools, making D the accurate description.
References:
* Oracle Planning 2024 Implementation Study Guide: "Overview of Strategic Modeling" (docs.oracle.
com, Published 2024-09-25).
* Oracle EPM Cloud Documentation: "Strategic Modeling Features" (docs.oracle.com, Published 2023-
10-25, updated for 2024).

NEW QUESTION # 31
You want to develop your forecast with Forms 2.0. Which statement about Forms 2.0 setup is true?

A. Switch between Forms 1.0 and Forms 2.0 by selecting the Forms Version in Application Settings.
B. Redesign forms 1.0 forms so that they are set up to work with Forms 2.0.
C. Migrate the forms you want to work with in Forms 2.0 from Forms 1.0 to Forms 2.0.
D. Set up Forms 2.0 in your environment one time and it will work with all your applications.

Answer: C

Explanation:
In Oracle Planning 2024 Implementation, Forms 2.0 represents an enhanced version of the form design and functionality framework compared to Forms 1.0. To develop forecasts using Forms 2.0, existing forms must be transitioned from the older version to the newer one, as they are not automatically compatible or universally enabled.
* D. Migrate the forms you want to work with in Forms 2.0 from Forms 1.0 to Forms 2.0: This is the correct statement. Oracle provides a migration process to convert Forms 1.0 forms to Forms 2.0, enabling users to leverage the advanced features of Forms 2.0 (e.g., improved navigation, dynamic rows
/columns, and enhanced usability). This migration is selective, meaning only the forms you choose to use with Forms 2.0 need to be migrated, and it is not a one-time global setup.
* A. Set up Forms 2.0 in your environment one time and it will work with all your applications:
Forms 2.0 is not a one-time environment-wide setup. It requires specific forms to be migrated or designed for Forms 2.0 compatibility, and not all applications automatically adopt it.
* B. Switch between Forms 1.0 and Forms 2.0 by selecting the Forms Version in Application Settings: There is no such toggle in Application Settings to switch between Forms 1.0 and Forms 2.0.
The transition to Forms 2.0 involves migration rather than a simple version switch.
* C. Redesign forms 1.0 forms so that they are set up to work with Forms 2.0: While redesigning is an option for creating new Forms 2.0-compatible forms, the standard process for existing forms is migration, not a complete redesign from scratch. Migration preserves the form structure while adapting it to Forms 2.0.
The migration process ensures that users can take advantage of Forms 2.0's capabilities while maintaining continuity with existing form designs, aligning with Oracle's recommended approach.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Working with Forms - Forms
2.0" (docs.oracle.com, updated 2024). States that "to use Forms 2.0, migrate existing Forms 1.0 forms to Forms 2.0 using the provided migration tools."
* Oracle Planning 2024 Implementation Study Guide: Confirms that migrating Forms 1.0 to Forms 2.0 is the true setup process for leveraging Forms 2.0 in forecasting.

NEW QUESTION # 32
Which task must be completed before EPM administrators import a Machine Learning model into Planning?

A. EPM Administrators create a data model and push data to it to generate a PMML file.
B. Data Scientists build and train the ML model in a data science tool and save it as a PMML file.
C. Data Scientists create Groovy rules designed to evaluate historical data and identify patterns.
D. EPM Administrators create data maps and Groovy rules to move and process data.

Answer: B

Explanation:
Before an EPM (Enterprise Performance Management) administrator can import a Machine Learning (ML) model into Oracle Planning, a prerequisite task must be completed by data scientists. According to Oracle's
"Bring Your Own ML" feature in the Planning application, the process begins with data scientists gathering historical data related to a business problem, training an ML algorithm, and generating a Predictive Model Markup Language (PMML) file using a third-party data science tool or Oracle Data Science Cloud. This PMML file represents a fully trained ML model that can then be imported into the Planning application by an EPM administrator.
Option A is correct because it aligns with this prerequisite step: the ML model must be pretrained and saved as a PMML file before the import process can begin. Option B is incorrect because Groovy rules are not created by data scientists to evaluate historical data; instead, these rules are automatically generated by the Planning application during the import process to integrate the ML model with the application. Option C is also incorrect, as EPM administrators do not generate PMML files by creating data models and pushing data- instead, they import an existing PMML file. Finally, Option D is incorrect because while EPM administrators may create data maps and Groovy rules as part of the deployment process, this occurs after the PMML file is imported, not before.
The Oracle Planning 2024 Implementation documentation emphasizes that the "Bring Your Own ML" functionality relies on importing a prebuilt PMML file, making the data scientists' role in building and training the model a mandatory first step.
References:
* Oracle Planning 2024 Implementation Study Guide: "Bring Your Own ML: About Machine Learning Model Import" (docs.oracle.com, Published 2024-09-04).
* Oracle EPM Cloud Documentation: "Importing ML Models" (docs.oracle.com, Published 2022-06-17, updated for 2024).

NEW QUESTION # 33
Which configuration task is NOT mandatory in Workforce?

A. Workforce Assumptions
B. Planning and Forecast Preparation
C. Benefits and Taxes
D. Employee Type

Answer: C

Explanation:
In Oracle Planning 2024's Workforce module, certain configuration tasks are mandatory to enable basic functionality, while others are optional depending on the organization's needs. The task that is not mandatory is:
* A. Employee Type: Incorrect. Defining Employee Type (e.g., full-time, part-time) is mandatory because it establishes the categories of employees to be planned, forming the foundation of workforce data.
* B. Planning and Forecast Preparation: Incorrect. This task is mandatory as it sets up the planning periods, scenarios, and versions, which are essential for Workforce to function within the broader Planning application.
* C. Benefits and Taxes: Correct. Configuring Benefits and Taxes is optional. While Workforce provides predefined options to calculate benefits (e.g., health insurance) and taxes (e.g., payroll taxes), organizations can choose not to configure these if they do not need detailed compensation planning beyond salaries.
* D. Workforce Assumptions: Incorrect. Workforce Assumptions (e.g., hiring rates, salary increases) are mandatory to drive calculations and populate employee data over time.
The Oracle documentation specifies that while Benefits and Taxes enhance Workforce planning, they are not required for core functionality, making C the non-mandatory task.
References:
* Oracle Planning 2024 Implementation Study Guide: "Configuring Workforce Module" (docs.oracle.
com, Published 2024-10-01).
* Oracle EPM Cloud Documentation: "Workforce Configuration Tasks" (docs.oracle.com, Published
2023-11-20, updated for 2024).

NEW QUESTION # 34
You want to include asset-related expenses such as depreciation, amortization, and insurance in Financials reporting. Which statement describes what you need to set up in Financials or Capital to share the data?

A. In Capital, for Expense, enable Integration with Financials.
B. In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials.
C. In Financials, in the Asset Expenses Wizard, map each component to a Financials account.
D. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets.

Answer: A

NEW QUESTION # 35
......

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