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Oracle Planning 2024 Implementation Professional Sample Questions (Q35-Q40):
NEW QUESTION # 35
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, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials.
- B. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets.
- C. In Capital, for Expense, enable Integration with Financials.
- D. In Financials, in the Asset Expenses Wizard, map each component to a Financials account.
Answer: C
NEW QUESTION # 36
Which statement describes infolets?
- A. Infolets help you organize, track, and prioritize your workload.
- B. Infolets help you quickly analyze data and understand key business questions by presenting a visual overview of high-level, aggregated information.
- C. Infolets give business process designers control over how various roles or groups interact with a business process.
- D. Infolets are predefined dashboards that give you insight into the overall project financials and expense and revenue metrics.
- E. Infolets are a form type that provides flexible row management where dimension and member row cells and all data cells are unprotected.
Answer: B
Explanation:
In Oracle Planning 2024 Implementation, infolets are a feature designed to provide users with quick, visual insights into critical business data. They are not full dashboards, task management tools, or process control mechanisms, but rather compact, high-level representations of aggregated information.
* C. Infolets help you quickly analyze data and understand key business questions by presenting a visual overview of high-level, aggregated information: This statement accurately describes infolets.
They are visual tiles or widgets that display summarized data (e.g., KPIs, trends) to help users grasp key business insights at a glance. Infolets are typically found on the home page or navigation clusters and are customizable to highlight specific metrics relevant to the user's role or application.
* A. Infolets are predefined dashboards that give you insight into the overall project financials and expense and revenue metrics: While infolets provide insights, they are not full "predefined dashboards." Dashboards are more comprehensive, whereas infolets offer concise, targeted views of data.
* B. Infolets help you organize, track, and prioritize your workload: This describes task management or navigation features (e.g., task lists), not infolets, which focus on data visualization rather than workload management.
* D. Infolets give business process designers control over how various roles or groups interact with a business process: Infolets are not about process design or role interaction; they are about displaying data, not controlling processes.
* E. Infolets are a form type that provides flexible row management where dimension and member row cells and all data cells are unprotected: Infolets are not a form type; they are separate from forms and focus on visualization, not data entry or row management.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Using Infolets" (docs.oracle.com, updated 2024). Describes infolets as "visual overviews of high-level, aggregated information to quickly analyze data and answer business questions."
* Oracle Planning 2024 Implementation Study Guide: Defines infolets as tools for presenting summarized data visually for quick analysis.
NEW QUESTION # 37
Your administrator wants to create a Planning application with EPM Enterprise Cloud.
Which three Planning application types can you select when creating an application with EPM Enterprise Cloud?
- A. Custom
- B. Modules
- C. Free Form
- D. Plan
- E. Hybrid
Answer: A,B,C
Explanation:
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).
NEW QUESTION # 38
You want to analyze past data and predicted data to help you find patterns and insights into data that you might not have found on your own. To accomplish this, you configure Insights with Auto Predict.
Which two are Oracle EPM guidelines for implementing Insights and Auto Predict?
- A. For historical data, create the Insights job using the lowest level of Period members possible so that the greatest amount of historical data can be used.
- B. For future data, first run predictions in a test environment to ensure there is no impact on production data.
- C. For historical data, there should be atleast twice the amount of historical data as the number of prediction periods.
- D. For future data, create a new insight by leveraging templates that include insight definitions.
Answer: B,C
Explanation:
In Oracle Planning 2024, configuring Insights with Auto Predict allows users to analyze past and predicted data to uncover patterns and insights. Oracle provides specific guidelines to ensure effective implementation:
* A. For future data, create a new insight by leveraging templates that include insight definitions:
Incorrect. While templates can be used to set up Insights, this is not a specific Oracle guideline for implementing Auto Predict. Auto Predict relies on historical data and predictive algorithms, not predefined insight templates for future data.
* B. For historical data, there should be at least twice the amount of historical data as the number of prediction periods: Correct. Oracle recommends having sufficient historical data-specifically, at least twice the number of periods you intend to predict-to ensure the accuracy of Auto Predict's machine learning algorithms. For example, predicting 12 months requires at least 24 months of historical data.
* C. For historical data, create the Insights job using the lowest level of Period members possible so that the greatest amount of historical data can be used: Incorrect. While granularity matters, Oracle does not mandate using the lowest level of Period members (e.g., days instead of months) as a guideline. The focus is on the quantity of historical data, not necessarily the lowest level of aggregation.
* D. For future data, first run predictions in a test environment to ensure there is no impact on production data: Correct. Oracle advises testing Auto Predict in a non-production environment to validate results and avoid unintended impacts on live data, aligning with best practices for predictive analytics deployment.
The two guidelines-B and D-are explicitly outlined in Oracle's documentation for Insights and Auto Predict to ensure reliable predictions and safe implementation.
References:
* Oracle Planning 2024 Implementation Study Guide: "Configuring Insights and Auto Predict" (docs.
oracle.com, Published 2024-10-15).
NEW QUESTION # 39
You are preparing to design a report in Cloud EPM Planning using Report Designer. Which two statements are true about data sources in reports?
- A. Insert charts in the report header to provide a quick visual summary of data.
- B. Include a chart in your report without displaying the underlying data grid.
- C. Insert a report object into the report if you are in Modify mode.
- D. Control the way a report object is printed on the page relative to other report objects.
Answer: B,D
Explanation:
When designing reports in Oracle Cloud EPM Planning using Report Designer, data sources and report objects (e.g., grids, charts) have specific capabilities. The two true statements about data sources in reports are:
* A. Insert charts in the report header to provide a quick visual summary of data: Incorrect. Report Designer does not support inserting charts directly into the report header; charts are added as objects within the report body, linked to data sources.
* B. Include a chart in your report without displaying the underlying data grid: Correct. You can create a chart object tied to a data source (e.g., a grid) and configure it to display only the chart, suppressing the grid for a cleaner visual presentation.
* C. Control the way a report object is printed on the page relative to other report objects: Correct. Report Designer allows you to adjust the layout and positioning of report objects (e.g., grids, charts) relative to each other, controlling how they appear when printed or exported.
* D. Insert a report object into the report if you are in Modify mode: Incorrect. While you modify reports in Report Designer, there's no specific "Modify mode" restriction-objects can be inserted during initial design or edits, but this is not a data source-specific feature.
The Oracle documentation verifies that B and C reflect Report Designer's flexibility with data sources and object management, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Designing Reports with Report Designer" (docs.
oracle.com, Published 2024-09-30).
* Oracle EPM Cloud Documentation: "Report Designer Data Sources" (docs.oracle.com, Published 2023-
12-05, updated for 2024).
NEW QUESTION # 40
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