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Oracle Planning 2024 Implementation Professional Sample Questions (Q12-Q17):
NEW QUESTION # 12
Which statement describes infolets?
Answer: A
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 # 13
Which three are configuration or post-configuration tasks for Financials?
Answer: A,B,C
Explanation:
In Oracle Planning 2024, configuring and post-configuring the Financials module involves tasks to establish its structure and functionality. The three valid configuration or post-configuration tasks are:
* A. Adding custom expense driver categories: Incorrect. While Financials supports driver-based planning (e.g., revenue drivers), adding custom expense driver categories is not a standard configuration task-it's more of a customization within forms or rules, not a core setup step.
* B. Adding custom dimensions: Correct. Adding custom dimensions (e.g., Region, Product) is a key configuration task in Financials to tailor the module to business needs, often done during or shortly after initial setup.
* C. Completing Planning and Forecast Preparation: Correct. This mandatory configuration task defines the planning periods, scenarios, and versions for Financials, setting the foundation for budgeting and forecasting.
* D. Setting up exchange rates (for multicurrency applications): Correct. For multicurrency-enabled Financials applications, configuring exchange rates is a critical task during or post-configuration to support currency conversion in financial planning.
* E. Removing custom dimensions: Incorrect. Removing dimensions is not a standard configuration or post-configuration task-it's a rare adjustment that could disrupt existing data and is not recommended as part of setup.
The Oracle documentation identifies B, C, and D as essential tasks during or after Financials configuration, ensuring the module meets planning and reporting requirements.
References:
* Oracle Planning 2024 Implementation Study Guide: "Financials Configuration Tasks" (docs.oracle.
com, Published 2024-10-15).
* Oracle EPM Cloud Documentation: "Setting Up Financials" (docs.oracle.com, Published 2023-12-15, updated for 2024).
NEW QUESTION # 14
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?
Answer: D
NEW QUESTION # 15
You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values.
Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?
Answer: B
Explanation:
In Oracle Planning 2024's Strategic Modeling simulations, selecting a probability distribution for scenarios with fixed minimum and maximum values and a known most likely value (e.g., sales estimates, inventory, marketing costs) points to:
A: Beta PERT: Incorrect. Beta PERT uses min, max, and most likely values but requires more data to shape the curve accurately, making it less ideal with limited data.
B: Uniform: Incorrect. Uniform assumes equal probability between min and max, ignoring the most likely value, which doesn't fit this scenario.
C: Triangular: Correct. The Triangular distribution uses minimum, maximum, and most likely values, making it simple and effective for limited data situations like sales or costs.
D: Normal: Incorrect. Normal requires mean and standard deviation, not just min, max, and most likely, and assumes more data availability.
E: Lognormal: Incorrect. Lognormal is skewed and suited for data with a positive range, requiring more statistical input than provided here.
C: The Oracle documentation recommends the Triangular distribution for its simplicity and suitability with limited data, making C the correct answer.
References:
Oracle Planning 2024 Implementation Study Guide: "Probability Distributions in Strategic Modeling" (docs.oracle.com, Published 2024-10-25).
Oracle EPM Cloud Documentation: "Simulation Distributions" (docs.oracle.com, Published 2023-11-
30, updated for 2024).
NEW QUESTION # 16
Which two statements are true about using anchor and nonanchor dimensions with cell-level security?
Answer: A,C
Explanation:
In Oracle Planning 2024, cell-level security restricts access to specific data intersections using anchor and nonanchor dimensions. The two true statements are:
* A. Anchor dimensions are always required in the cube that is used in the cell-level security definition:
Correct. Anchor dimensions (e.g., Entity, Scenario) are mandatory in the security definition to specify the primary scope of access control within the cube.
* B. Anchor dimensions are never required in the cube that is used in the cell-level security definition:
Incorrect. Anchor dimensions are always required, contradicting this statement.
* C. By default, nonanchor dimensions are not required: Correct. Nonanchor dimensions (e.g., Account, Period) are optional by default in cell-level security definitions, allowing flexibility in granularity unless explicitly included.
* D. By default, nonanchor dimensions are required. You can change this setting later: Incorrect.
Nonanchor dimensions are not required by default, and there's no setting to make them mandatory-it's an optional inclusion.
The Oracle documentation specifies that A (anchor necessity) and C (nonanchor optional) align with cell-level security behavior, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Cell-Level Security Configuration" (docs.oracle.
com, Published 2024-09-30).
* Oracle EPM Cloud Documentation: "Anchor and Nonanchor Dimensions" (docs.oracle.com, Published
2023-12-05, updated for 2024).
NEW QUESTION # 17
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