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Oracle Planning 2024 Implementation Professional Sample Questions (Q13-Q18):
NEW QUESTION # 13
In Workforce, you want to set a date by which existing employees must be hired to be eligible to receive merit. You also want to specify the month in which merit should start.
Which option should you enable for this?
- A. Merit Rates
- B. Workforce Assumptions
- C. Merit Assumptions
- D. Merit Month
Answer: C
Explanation:
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.
NEW QUESTION # 14
In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC
842 standards?
- A. You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.
- B. 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.
- C. Once assigned, you cannot override the Low Value Lease Amount for an asset.
- D. 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.
- E. 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.
Answer: A,C,E
Explanation:
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.
References:
* 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).
NEW QUESTION # 15
Which item CANNOT be pushed between cubes using data maps?
- A. Supporting detail
- B. Data change history
- C. Comments
- D. Attachments
Answer: B
Explanation:
In Oracle Planning 2024, data maps with Smart Push or manual execution can push various types of data between cubes within the same application or across applications. However, not all items can be transferred.
The item that cannot be pushed is:
* A. Comments: Incorrect. Comments (cell-level annotations) can be pushed between cubes using data maps, provided the mappings include the necessary dimensions.
* B. Attachments: Incorrect. Attachments linked to data cells can be transferred via data maps, as long as the target cube supports them and the mapping is configured correctly.
* C. Data change history: Correct. Data change history (audit trails tracking who changed what and when) is not transferable via data maps. It is metadata tied to the source cube's audit log, not a pushable data element.
* D. Supporting detail: Incorrect. Supporting detail (breakdowns of aggregated values) can be pushed between cubes if the target cube is configured to accept it and the mapping includes it.
The Oracle documentation specifies that data change history is excluded from data map transfers, as it's a system-maintained log, not a user-editable or movable data type, making C the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Data Maps and Pushable Items" (docs.oracle.com, Published 2024-10-05).
* Oracle EPM Cloud Documentation: "Smart Push Capabilities" (docs.oracle.com, Published 2023-12-
15, updated for 2024).
NEW QUESTION # 16
Which three tasks can you perform on the Dimensions page to manage dimensions in a Custom Planning application?
- A. Set the order of precedence.
- B. Delete dimensions.
- C. Set the Evaluation Order.
- D. Clear dimension members.
- E. Select the dimension density.
Answer: A,B,C
Explanation:
In Oracle Planning 2024, the Dimensions page in a Custom Planning application allows administrators to manage dimensions. The three tasks you can perform are:
* A. Set the order of precedence: Correct. This task adjusts the display order of dimensions in forms and reports, enhancing usability, and is manageable on the Dimensions page.
* B. Delete dimensions: Correct. Administrators can delete custom dimensions from the application on the Dimensions page, provided they are not in use (e.g., no data or dependencies).
* C. Clear dimension members: Incorrect. Clearing members (e.g., removing all members from a dimension) is not a task performed on the Dimensions page; it's typically done via metadata import with the "Clear Members" option or manual member deletion.
* D. Select the dimension density: Incorrect. Dimension density (sparse/dense) is set during cube creation or in Cube Designer, not adjustable on the Dimensions page post-creation.
* E. Set the Evaluation Order: Correct. This task defines the order in which dimensions are evaluated for calculations (e.g., resolving member formulas), configurable on the Dimensions page for custom applications.
The Oracle documentation confirms that A, B, and E are tasks supported on the Dimensions page for Custom Planning applications, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Managing Dimensions in Custom Applications" (docs.oracle.com, Published 2024-10-10).
* Oracle EPM Cloud Documentation: "Dimensions Page Tasks" (docs.oracle.com, Published 2023-11-15, updated for 2024).
NEW QUESTION # 17
In which three ways can you create data maps that copy data using Smart Push?
- A. From Planning to Tax Reporting Cloud
- B. From Financial Consolidation and Close to Planning
- C. From Tax Reporting Cloud to Planning
- D. Between two Planning instances
- E. From Planning to Financial Consolidation and Close
Answer: B,D,E
Explanation:
In Oracle Planning 2024, Smart Push is a feature within data maps that enables efficient, real-time data movement between Oracle EPM Cloud applications or instances. It copies data dynamically when triggered (e.
g., via forms or rules). The three supported ways to create data maps with Smart Push are:
* A. From Planning to Tax Reporting Cloud: Incorrect. Smart Push does not support direct data movement from Planning to Tax Reporting Cloud, as these modules lack a predefined integration path for this feature.
* B. From Tax Reporting Cloud to Planning: Incorrect. Similarly, Smart Push does not facilitate data movement from Tax Reporting Cloud to Planning.
* C. From Financial Consolidation and Close to Planning: Correct. Smart Push supports moving consolidated data (e.g., actuals) from Financial Consolidation and Close (FCC) to Planning for planning purposes.
* D. From Planning to Financial Consolidation and Close: Correct. Smart Push allows pushing planned data from Planning to FCC for consolidation or reporting.
* E. Between two Planning instances: Correct. Smart Push can move data between two Planning instances (e.g., test and production environments) to synchronize data.
These three options-C, D, and E-are explicitly supported by Smart Push in Oracle EPM Cloud, as per the documentation, enabling seamless data integration across these applications.
References:
* Oracle Planning 2024 Implementation Study Guide: "Using Smart Push in Data Maps" (docs.oracle.
com, Published 2024-09-30).
* Oracle EPM Cloud Documentation: "Data Integration with Smart Push" (docs.oracle.com, Published
2023-12-20, updated for 2024).
NEW QUESTION # 18
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