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Oracle Planning 2025 Implementation Professional Sample Questions (Q104-Q109):

NEW QUESTION # 104
After enabling and configuring Financials, which of the following is a recommended post-configuration task?

A. Disable features that you do not plan to use
B. Specify the days in Period and to modify account signage for alternate reporting methods
C. Plan headcount and detailed employee compensation by employee, job code, or both
D. Map and rename custom dimensions in Financials that will be used to integrate with other modules

Answer: D

Explanation:
After enabling and configuring the Financials module in Oracle Planning 2024, post-configuration tasks are recommended to optimize its functionality and integration. The most relevant task among the options is:
* A. Plan headcount and detailed employee compensation by employee, job code, or both: Incorrect. This is a Workforce module task, not a post-configuration task for Financials, which focuses on revenue, expenses, and financial statements, not employee-level planning.
* B. Specify the days in Period and to modify account signage for alternate reporting methods: Incorrect.
While period setup occurs during initial configuration (e.g., Planning and Forecast Preparation), modifying account signage or days in periods is not a recommended post-configuration task-it's either part of initial setup or an ad-hoc adjustment.
* C. Map and rename custom dimensions in Financials that will be used to integrate with other modules:
Correct. Post-configuration, mapping and renaming custom dimensions (e.g., Department, Product) ensures seamless integration with other modules like Workforce or Projects. This task aligns dimensions across the application, a common best practice after enabling Financials.
* D. Disable features that you do not plan to use: Incorrect. Disabling features is not a typical post- configuration task; features are enabled/disabled during initial configuration via the Configure card, not as a follow-up step.
The Oracle documentation highlights mapping custom dimensions as a recommended post-configuration task to facilitate data integration and reporting, making C the correct answer.
References:
Oracle Planning 2024 Implementation Study Guide: "Post-Configuration Tasks for Financials" (docs.oracle.
com, Published 2024-09-20).
Oracle EPM Cloud Documentation: "Configuring Financials and Integration" (docs.oracle.com, Published
2023-11-10, updated for 2024).

NEW QUESTION # 105
You want to develop your forecast with Forms 2.0. Which statement about Forms 2.0 setup is true?

A. Set up Forms 2.0 in your environment one time and it will work with all your applications.
B. Redesign forms 1.0 forms so that they are set up to work with Forms 2.0.
C. Migrate the forms you want to work with in Forms 2.0 from Forms 1.0 to Forms 2.0.
D. Switch between Forms 1.0 and Forms 2.0 by selecting the Forms Version in Application Settings.

Answer: C

Explanation:
In Oracle Planning 2024 Implementation, Forms 2.0 represents an enhanced version of the form design and functionality framework compared to Forms 1.0. To develop forecasts using Forms 2.0, existing forms must be transitioned from the older version to the newer one, as they are not automatically compatible or universally enabled.
* D. Migrate the forms you want to work with in Forms 2.0 from Forms 1.0 to Forms 2.0: This is the correct statement. Oracle provides a migration process to convert Forms 1.0 forms to Forms 2.0, enabling users to leverage the advanced features of Forms 2.0 (e.g., improved navigation, dynamic rows
/columns, and enhanced usability). This migration is selective, meaning only the forms you choose to use with Forms 2.0 need to be migrated, and it is not a one-time global setup.
* A. Set up Forms 2.0 in your environment one time and it will work with all your applications:
Forms 2.0 is not a one-time environment-wide setup. It requires specific forms to be migrated or designed for Forms 2.0 compatibility, and not all applications automatically adopt it.
* B. Switch between Forms 1.0 and Forms 2.0 by selecting the Forms Version in Application Settings: There is no such toggle in Application Settings to switch between Forms 1.0 and Forms 2.0.
The transition to Forms 2.0 involves migration rather than a simple version switch.
* C. Redesign forms 1.0 forms so that they are set up to work with Forms 2.0: While redesigning is an option for creating new Forms 2.0-compatible forms, the standard process for existing forms is migration, not a complete redesign from scratch. Migration preserves the form structure while adapting it to Forms 2.0.
The migration process ensures that users can take advantage of Forms 2.0's capabilities while maintaining continuity with existing form designs, aligning with Oracle's recommended approach.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Working with Forms - Forms
2.0" (docs.oracle.com, updated 2024). States that "to use Forms 2.0, migrate existing Forms 1.0 forms to Forms 2.0 using the provided migration tools."
* Oracle Planning 2024 Implementation Study Guide: Confirms that migrating Forms 1.0 to Forms 2.0 is the true setup process for leveraging Forms 2.0 in forecasting.

NEW QUESTION # 106
Which client requirement aligns with using a custom BSO plan type along with or in place of the Workforce module?

A. The client would like to plan salary by Position.
B. Because of sparse dimensionality, aggregation times are slow in the Workforce module.
C. The client requires more than three custom dimensions.
D. The Operations department requires a more granular level of detail than the Sales department in the Entity dimension.
E. The client has 10 dimensions in the application and needs to report at each intersection.

Answer: B

NEW QUESTION # 107
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. Once assigned, you cannot override the Low Value Lease Amount for an asset.
C. 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.
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.
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,B,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 # 108
Which three are required when enabling Flexible Account Mapping in Workface?

A. For Mapping Level, specify whether the mapping should be done at the Global level (the same mapping for every entity) or at the Entity level.
B. Enable Flexible Account Mapping only when you bring your own chart of accounts in Financials.
C. Map Salary and Merit from Workface to the same account in Financials and Projects.
D. Enable Financials and the Financials Expense planning option to enable this feature.
E. Specify whether Mapping Drivers should be based on Grade or on Defaults for the application.

Answer: A,D,E

NEW QUESTION # 109
......

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