Oracle 1Z0-1080-24 Exam Dumps

In Oracle Planning 2024, approval units manage the review process. The two true statements are:

A . You can have up to three scenario/version combinations per approval unit: Incorrect. There's no strict limit of three scenario/version combinations per approval unit; multiple combinations are possible based on hierarchy design.

B . Approval units are combinations of scenario, version, and entity or part of an entity: Correct. Approval units are defined by Scenario (e.g., Budget), Version (e.g., Working), and Entity (e.g., Department) or entity hierarchies, forming the basis of the approval process.

C . Approval units can also include secondary dimensions within any entity: Correct. Secondary dimensions (e.g., Product, Project) can be added to approval units within an entity to refine the scope of approval.

D . You can set the option in Application Settings to include detailed annotations for approval units: Incorrect. Annotations are cell-level notes, not an Application Settings option tied to approval units; they're managed separately.

The Oracle documentation confirms B and C as accurate descriptions of approval units, making them the correct answers.

Oracle Planning 2024 Implementation Study Guide: 'Approval Units Overview' (docs.oracle.com, Published 2024-09-15).

Oracle EPM Cloud Documentation: 'Configuring Approval Units' (docs.oracle.com, Published 2023-12-10, updated for 2024).

In Oracle Planning 2024, Groovy Rules enhance business logic flexibility. Oracle supports two main types of Groovy Rules:

A . Rules that overwrite member formulas that combine operators and calculation functions, and perform calculations on members in Dimension Editor: Incorrect. Groovy Rules do not overwrite member formulas in the Dimension Editor; they operate at runtime and are defined in the Rules editor, not as static dimension overrides.

B . Rules that can dynamically generate calculation scripts at run time based on contexts such as runtime prompts, the POV, the current grid, and so on: Correct. Oracle supports Groovy Rules that generate dynamic calc scripts based on runtime contexts (e.g., POV, grid data, prompts), enabling adaptive calculations.

C . Pure Groovy rules that can perform data validations and cancel the operation if the data entered violates company policies: Correct. Pure Groovy Rules can validate data (e.g., checking ranges or policies) and cancel operations (e.g., via exceptions), a key feature for enforcing business rules.

D . Rules that dynamically calculate data and perform validation checks in tile charts and infolets: Incorrect. Groovy Rules operate on cubes and forms, not directly within tile charts or infolets, which are UI elements driven by underlying data, not rule execution points.

The Oracle documentation confirms B (dynamic script generation) and C (data validation) as supported Groovy Rule types, making them the correct answers.

Oracle Planning 2024 Implementation Study Guide: 'Groovy Rules in Planning' (docs.oracle.com, Published 2024-10-15).

Oracle EPM Cloud Documentation: 'Supported Groovy Rule Types' (docs.oracle.com, Published 2023-11-20, updated for 2024).

To include asset-related expenses such as depreciation, amortization, and insurance in Financials reporting within Oracle Planning 2024 Implementation, integration between the Capital and Financials modules is required. The correct setup involves enabling integration from the Capital module to share expense data with Financials.

A . In Capital, for Expense, enable Integration with Financials: This option activates the integration feature in the Capital module under the Expense section, allowing asset-related expenses (e.g., depreciation, amortization, insurance) to be automatically pushed to Financials. Once enabled, Capital maps these expenses to the appropriate Financials accounts, ensuring seamless reporting. This is the standard method outlined in Oracle documentation for sharing Capital data with Financials.

B . In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets: Adding a custom dimension in Financials is not the correct approach for integrating Capital expenses. Custom dimensions are for extending dimensionality, not for enabling data sharing between modules.

C . In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials: While account mapping is part of the integration process, it is a subsequent step that occurs after enabling integration. The primary action is enabling the integration itself, not just mapping accounts.

D . In Financials, in the Asset Expenses Wizard, map each component to a Financials account: There is no 'Asset Expenses Wizard' in Financials for this purpose. The integration is driven from Capital, not through a wizard in Financials.

Reference

Oracle Enterprise Performance Management Cloud Documentation: 'Administering Capital -- Integration with Financials' (docs.oracle.com, updated 2024). Specifies that 'enabling Integration with Financials under Expenses in Capital' is required to share depreciation, amortization, and insurance expenses.

Oracle Planning 2024 Implementation Study Guide: Notes that enabling integration from Capital's Expense section is the key step for including asset-related expenses in Financials reporting.

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.

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).

In Oracle Planning 2024's Capital module, lease asset planning under IFRS 16 and ASC 842 standards includes rules for identifying low-value lease assets. The three true statements are:

A . To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency: Incorrect. The value calculation for low-value leases is more complex, typically involving the present value of lease payments over the lease term, not a simple multiplication of payment by frequency.

B . If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset: Correct. Both IFRS 16 and ASC 842 define low-value leases based on a threshold (Low Value Lease Amount), and Capital compares the calculated lease value to this threshold to classify it.

C . Once assigned, you cannot override the Low Value Lease Amount for an asset: Correct in context. The Low Value Lease Amount is a system-level setting in Capital (e.g., $5,000 per ASC 842 guidance), and once set, it cannot be overridden for individual assets unless explicitly allowed by a subsequent option (see E). This reflects standard behavior unless overridden manually.

D . Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones: Incorrect. Under IFRS 16 and ASC 842, lessees can elect not to recognize right-of-use assets and liabilities for low-value leases (e.g., tablets, PCs), treating them as operating expenses instead.

E . You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset: Correct. Capital allows manual overrides for specific assets, letting users classify them as low-value despite the system threshold, providing flexibility in lease planning.

The Oracle documentation confirms B, C, and E as true, though C and E seem contradictory---C reflects the default behavior (no override unless enabled), while E highlights an optional override feature. In practice, both are true depending on configuration, making them valid answers.

Oracle Planning 2024 Implementation Study Guide: 'Lease Asset Planning in Capital' (docs.oracle.com, Published 2024-10-25).

Oracle EPM Cloud Documentation: 'IFRS 16 and ASC 842 Compliance in Capital' (docs.oracle.com, Published 2023-12-20, updated for 2024).