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Oracle Planning 2025 Implementation Professional Sample Questions (Q79-Q84):

NEW QUESTION # 79
Which three are configuration or post-configuration tasks for Financials?

  • A. Completing Planning and Forecast Preparation
  • B. Adding custom expense driver categories
  • C. Removing custom dimensions
  • D. Setting up exchange rates (for multicurrency applications)
  • E. Adding custom dimensions

Answer: A,D,E

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 # 80
You want to associate events with a prediction. Which two statements about configuring insights with events are true?

  • A. You can define an event but choose to not include data from that event in the prediction.
  • B. When you set up events, they are automatically included in prediction calculations.
  • C. For an event that regularly repeats but doesn't occur at exactly the same time each year, you can specify an exact date.
  • D. If you have configured events, they are included by default for the IPM insights job you schedule.

Answer: A,D


NEW QUESTION # 81
After loading data from external systems, you can quickly perform task that can add or update existing employee and job data using Mass Update forms. Which two actions can you take on the Mass Update forms in Workforce?

  • A. Delete the loaded salary information and then run the data mal for Compensation Data to calculate the updated benefits.
  • B. Add a new record for an existing employee who was not in the load file, and apply configured defaults.
  • C. If an existing employee was not loaded from the load file, you won't be able to add their compensation before first adding them to the source system and reloading the file.
  • D. Change existing properties and then override default assignments and rates.

Answer: B,D


NEW QUESTION # 82
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. 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.
  • E. 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.

Answer: A,C,D

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 # 83
Which two components are included in Salary Grade assumptions?

  • A. Salary Rate
  • B. Salary Basis
  • C. Partial Payment Factor
  • D. Merit Rate

Answer: A,D


NEW QUESTION # 84
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