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?
Workforce Assumptions
Merit Assumptions
Merit Rates
Merit Month
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.
Which statement describes Strategic Modeling?
It is used to model the flow of data by defining strategic rules for sharing data between modules.
It is used to develop driver-based strategic plans and generate core financial statements.
It is used to strategically manage and analyze finances at any business level with built-in dashboards.
It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities.
Strategic Modeling in Oracle Planning 2024 is a module designed to enable rapid modeling and evaluation of financial scenarios, such as mergers, acquisitions, or long-term strategic plans. It provides a flexible framework for simulating "what-if" scenarios and includes out-of-the-box treasury capabilities,such as cash flow forecasting, debt scheduling, and interest rate calculations, which are critical for strategic financial planning.
A. It is used to model the flow of data by defining strategic rules for sharing data between modules: Incorrect. This describes data integration (e.g., via data maps), not Strategic Modeling, which focuses on scenario analysis.
B. It is used to develop driver-based strategic plans and generate core financial statements: Incorrect. While it supports driver-based planning, generating core financial statements is more aligned with the Financials module, not Strategic Modeling’s primary focus.
C. It is used to strategically manage and analyze finances at any business level with built-in dashboards: Incorrect. This is too broad and aligns more with the overall Planning application, not specifically Strategic Modeling.
D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities: Correct. This matches the module’s purpose of rapid scenario modeling and its treasury-related features.
The Oracle documentation highlights Strategic Modeling’s role in scenario analysis and its treasury tools, making D the accurate description.
References:
Oracle Planning 2024 Implementation Study Guide: "Overview of Strategic Modeling" (docs.oracle.com, Published 2024-09-25).
Oracle EPM Cloud Documentation: "Strategic Modeling Features" (docs.oracle.com, Published 2023-10-25, updated for 2024).
Which two features can help users create business rules?
Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on.
Add calculations in calculation script syntax by switching to Script Mode.
Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules.
Rules are represented graphically in a flow chart into which you can drag and drop components to design the rule.
In Oracle Planning 2024 Implementation, business rules are essential for automating calculations, data manipulations, and complex logic within the application. The platform provides multiple features to assist users in creating these rules efficiently, as outlined in the Oracle documentation. The two features that directly help users create business rules are:
A. Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on: Oracle Planning offers predefined system templates that simplify rule creation. These templates enable users to quickly implement common operations like clearing data, copying data between dimensions, or aggregating data without writing complex code from scratch. This feature is particularly useful for users who may not have advanced scripting skills, as it provides a guided, template-driven approach to rule design.
C. Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules: Groovy business rules extend the capabilities of standard business rules by allowing users to write custom logic using the Groovy scripting language. This feature is designed for advanced use cases, such as dynamic calculations based on runtime conditions or complex data manipulations that go beyond the scope of traditional rules. It empowers users to address specialized business requirements efficiently.
B. Add calculations in calculation script syntax by switching to Script Mode: While Script Mode exists and allows users to write calculations using a script-based syntax (e.g., Essbase calc scripts), it is not highlighted as a primary "feature" for creating business rules in the Oracle Planning 2024 context. It is more of a mode of operation rather than a distinct feature assisting rule creation.
D. Rules are represented graphically in a flow chart into which you can drag and drop components to design the rule: Although graphical rule design was a feature in older Hyperion Planning versions (e.g., Calculation Manager’s graphical interface), Oracle Planning 2024 documentation does not emphasize a drag-and-drop flowchart interface as a current primary method for rule creation. Instead, it focuses on templates and Groovy scripting.
References
Oracle Enterprise Performance Management Cloud Documentation: "Working with Business Rules" (docs.oracle.com, updated 2024). This section details the use of "system templates for calculations" and "Groovy business rules" as key features for rule creation.
Oracle Planning 2024 Implementation Study Guide: Confirms that predefined templates (e.g., for clearing or aggregating data) and Groovy rules are core features to assist users in designing business rules.
You want to include Named Assets in Capital.
Which two tasks can you perform when enabling Named Assets?
Add the names of assets to plan at the detail level.
Specify the likely number of tangible and intangible assets that you want to add in a planning cycle.
Decrease the number of named assets after enabling Named Assets.
Increase the number of named assets after enabling Named Assets.
In Oracle Planning 2024’s Capital module, enabling Named Assets allows planning for specific, individually tracked assets (e.g., equipment, buildings) rather than generic asset categories. The two tasks you can perform when enabling Named Assets are:
A. Add the names of assets to plan at the detail level: Correct. When enabling Named Assets, you can specify the names of individual assets (e.g., “Truck A,” “Building 1”) to plan their costs, depreciation, and other details at a granular level.
B. Specify the likely number of tangible and intangible assets that you want to add in a planning cycle: Incorrect. While you estimate a maximum number of Named Assets during enablement, you don’t specify them by tangible/intangible categories—the distinction is managed later in asset planning, not at enablement.
C. Decrease the number of named assets after enabling Named Assets: Incorrect. Once Named Assets is enabled with a maximum number, you cannot decrease this limit directly; it requires reconfiguration or disabling/re-enabling the feature, which is not a standard task.
D. Increase the number of named assets after enabling Named Assets: Correct. After enablement, you can increase the maximum number of Named Assets (e.g., from 100 to 150) via the Configure card, allowing more assets to be added as needed.
The Oracle documentation confirms that A (adding asset names) and D (increasing the count post-enablement) are supported tasks for Named Assets, making them the correct answers.
References:
Oracle Planning 2024 Implementation Study Guide: "Enabling Named Assets in Capital" (docs.oracle.com, Published 2024-09-20).
Oracle EPM Cloud Documentation: "Capital Named Assets Configuration" (docs.oracle.com, Published 2023-11-10, updated for 2024).
Which three types of revenue and expense assumptions drive data calculations in Projects?
Working days and hours
Plan start year
Standard rates
Program mappings
Project rates
Discount rates
In Oracle Planning 2024’s Projects module, revenue and expense calculations are driven by specific assumptions that influence project financials. The three types of assumptions that directly drive these calculations are Working days and hours, Standard rates, and Project rates:
A. Working days and hours: This assumption defines the available time for project execution (e.g., days per week, hours per day), directly impacting labor costs and revenue projections based on resource utilization.
C. Standard rates: These are predefined rates (e.g., hourly or daily rates for labor or equipment) applied across projects unless overridden, driving cost and revenue calculations consistently.
E. Project rates: These are project-specific rates that override standard rates when defined, allowing for tailored revenue and expense calculations based on unique project requirements.
B. Plan start year: This is incorrect because, while it sets the timeline for planning, it does not directly drive revenue or expense calculations—it’s a temporal parameter, not an assumption affecting financial data.
D. Program mappings: This is incorrect because program mappings relate to integrating data across programs, not driving revenue or expense calculations within Projects.
F. Discount rates: This is incorrect because discount rates are used for net present value (NPV) or financial analysis, not as a direct driver of revenue and expense assumptions in Projects.
The Oracle Projects module documentation highlights that Working days and hours, Standard rates, and Project rates are foundational assumptions that calculate costs (e.g., labor expenses) and revenues (e.g., billable amounts), making them the correct choices.
References:
Oracle Planning 2024 Implementation Study Guide: "Configuring Projects Assumptions" (docs.oracle.com, Published 2024-10-10).
Oracle EPM Cloud Documentation: "Revenue and Expense Planning in Projects" (docs.oracle.com, Published 2023-11-25, updated for 2024).
You need to schedule a weekly data import job. Which two statements are true about scheduling jobs?
You can check the execution status of a job only if it completed.
You can set the daily maintenance time when scheduling cloning environment jobs.
You can set to receive notifications when the job has completed.
You can schedule an Import Data job to run later at intervals.
You can delete that are currently processing.
In Oracle Planning 2024, scheduling jobs such as a weekly data import is managed through the Jobs interface, which provides options for automation, monitoring, and notifications. Let’s evaluate the provided statements to identify the two that are true:
A. You can check the execution status of a job only if it completed: This is false. The Jobs console in Oracle EPM allows users to check the status of a job (e.g., Running, Completed, Failed) at any time, not just after completion. Real-time monitoring is a key feature.
B. You can set the daily maintenance time when scheduling cloning environment jobs: This is false. Daily maintenance time is a system-wide setting controlled by administrators via Application Settings, not something adjustable when scheduling specific jobs like cloning or data imports.
C. You can set to receive notifications when the job has completed: This is true. When scheduling a job (e.g., Import Data), users can enable email notifications to be alerted upon job completion, success, or failure, enhancing job management.
D. You can schedule an Import Data job to run later at intervals: This is true. The scheduling feature supports recurring jobs, such as weekly data imports, allowing users to define the start time and frequency (e.g., daily, weekly) for tasks like importing data from external sources.
E. You can delete that are currently processing: This is false. Jobs that are currently processing (i.e., in a "Running" state) cannot be deleted until they complete or fail, as per Oracle’s job management rules.
Thus, the two true statements are C and D, reflecting the flexibility of scheduling recurring Import Data jobs and receiving completion notifications, both of which are explicitly supported in Oracle Planning 2024.
References:
Oracle Planning 2024 Implementation Study Guide: "Managing Jobs and Scheduling" (docs.oracle.com, Published 2024-08-22).
Oracle EPM Cloud Documentation: "Scheduling Jobs in Planning" (docs.oracle.com, Published 2023-12-10, updated for 2024).
Oracle Planning Administration Guide: "Monitoring and Notifications" (docs.oracle.com, Published 2024-10-01).
Which dimension must members be imported into to configure Additional Earnings in the Benefits and Taxes wizard?
Component
Account
Property
Pay Type
In Oracle Planning 2024 Implementation, the Benefits and Taxes Wizard is used to configure employee-related financial components, such as additional earnings, benefits, and taxes, within the Workforce module. To configure Additional Earnings specifically, members must be imported into theComponentdimension. This dimension is designed to categorize and manage various types of earnings, benefits, and taxes that apply to employees.
TheComponentdimension acts as a foundational structure in the Workforce module, allowing administrators to define and import members (e.g., "Bonus," "Overtime," or other additional earnings types) that can then be associated with employees via the wizard. The wizard uses these members to calculate and allocate costs accurately across the workforce plan.
B. Account: While the Account dimension is critical for financial reporting and calculations, it is not the dimension where Additional Earnings members are imported in the Benefits and Taxes Wizard. Accounts are typically used to map earnings to financial statements, not to define the earnings types themselves.
C. Property: The Property dimension is used for employee or job attributes (e.g., location, department), not for configuring earnings types in the wizard.
D. Pay Type: Although Pay Type is related to salary and wage classifications, it is not the dimension used for importing Additional Earnings members in the Benefits and Taxes Wizard. Pay Type is more about categorizing base pay structures rather than additional earnings components.
References
Oracle Enterprise Performance Management Cloud Documentation: "Administering Workforce – Benefits and Taxes Wizard" (docs.oracle.com, updated 2024). Specifies that "members for additional earnings must be imported into the Component dimension" for configuration in the wizard.
Oracle Planning 2024 Implementation Study Guide: Highlights the Component dimension as the target for importing earnings-related members in Workforce configuration.
In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?
When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.
When you approve a parent. Its children are Signed Off.
After all children are promoted to the same owner, the parent status is changed to Signed Off.
After all children are promoted to the same owner, the parent is promoted to the owner.
In Oracle Planning 2024, the approval process uses an approval unit hierarchy where parent and child relationships influence the review workflow. The two ways these relationships affect the process are:
A. When the status of all children changes to one status (for example, Signed Off), the parent status changes to the same status: Correct. In a bottom-up approval process, when all child approval units reach a uniform status (e.g., Signed Off, Approved), the parent’s status automatically updates to match, reflecting the completion of the children’s review.
B. When you approve a parent, its children are Signed Off: Incorrect. Approving a parent does not automatically sign off its children; the workflow typically moves bottom-up, requiring children to be approved first.
C. After all children are promoted to the same owner, the parent status is changed to Signed Off: Incorrect. Promotion to an owner changes ownership, not necessarily status (e.g., Signed Off). Status changes are driven by approval actions, not just ownership.
D. After all children are promoted to the same owner, the parent is promoted to the owner: Correct. In the approval hierarchy, once all child units are promoted to a new owner (e.g., for review), the parent unit is also promoted to that owner, ensuring the hierarchy progresses together.
The Oracle documentation confirms that A (status aggregation) and D (owner promotion) are key behaviors of parent/child relationships in the approval process, making them the correct answers.
References:
Oracle Planning 2024 Implementation Study Guide: "Approval Unit Hierarchies" (docs.oracle.com, Published 2024-09-25).
Oracle EPM Cloud Documentation: "Managing Approvals" (docs.oracle.com, Published 2023-12-20, updated for 2024).
Which two can be used to push data between cubes?
Data Integration
Data Maps
Copy Data
Import Data
In Oracle Planning 2024, pushing data between cubes (e.g., from one cube to another within the same application) can be accomplished using specific tools. The two methods that facilitate this are:
A. Data Integration: Incorrect. Data Integration is used to import data from external sources (e.g., files, other systems) into Planning, not to push data between cubes within the same application.
B. Data Maps: Correct. Data Maps allow you to define mappings and push data between cubes (or applications) using Smart Push or manual execution. This is a primary method for intra-application data movement.
C. Copy Data: Correct. The Copy Data feature enables administrators to copy data from one cube to another within the same Planning application, specifying dimensions and members to transfer.
D. Import Data: Incorrect. Import Data is designed to bring external data into a cube from a file, not to push data between existing cubes.
Both Data Maps (with Smart Push for real-time updates) and Copy Data (for batch-style transfers) are explicitly supported for moving data between cubes, as per Oracle’s documentation, making B and C the correct answers.
References:
Oracle Planning 2024 Implementation Study Guide: "Moving Data Between Cubes" (docs.oracle.com, Published 2024-09-05).
Oracle EPM Cloud Documentation: "Data Maps and Copy Data Features" (docs.oracle.com, Published 2023-12-25, updated for 2024).
You want to set up weekly planning for 18 continuous months.
Which three options need to be selected when initially enabling features in Financials?
Time Frame Granularity
Rolling Forecast
Weeks to Months Mapping
Weekly Planning
Custom Periods
To set up weekly planning for 18 continuous months in Oracle Planning 2024’s Financials module, specific options must be selected when initially enabling features via the Configure card. The three required options are:
A. Time Frame Granularity: Incorrect. This is not a specific option in the Enable Features page; granularity (e.g., weeks) is controlled by Weekly Planning, not a separate setting.
B. Rolling Forecast: Correct. Enabling Rolling Forecast allows planning over a continuous 18-month horizon, dynamically updating as time progresses, which aligns with the requirement for ongoing weekly planning.
C. Weeks to Months Mapping: Correct. This option defines how weekly data rolls up into monthly totals, essential for reporting and analysis over the 18-month period in a weekly planning setup.
D. Weekly Planning: Correct. Enabling Weekly Planning sets the periodicity to weeks instead of months, allowing budgeting and forecasting at a weekly level for the 18 months.
E. Custom Periods: Incorrect. Custom Periods allow defining non-standard time periods, but they are not required for weekly planning over 18 months—Weekly Planning and standard calendar setups suffice.
The Oracle documentation confirms that Rolling Forecast, Weeks to Months Mapping, and Weekly Planning are the key features to enable for weekly planning over an extended horizon like 18 months, making B, C, and D the correct answers.
References:
Oracle Planning 2024 Implementation Study Guide: "Enabling Weekly Planning in Financials" (docs.oracle.com, Published 2024-09-10).
Oracle EPM Cloud Documentation: "Configuring Rolling Forecasts and Weekly Planning" (docs.oracle.com, Published 2023-11-20, updated for 2024).
As a Service Administrator, you use application diagnostics at design time to identify, and resolve design flaws before an application is placed into production. Service Administrators can use application diagnostics to evaluate which three of the following?
Error log files
Migration snapshots
Individually selected artifacts
An entire application
Types of artifacts such as forms and approval units
As a Service Administrator in the context of Oracle Planning 2024 Implementation, application diagnostics is a critical tool used at design time to ensure that applications are free of design flaws before they are deployed into production. This functionality allows proactive identification and resolution of issues, ensuring application stability and performance as it evolves with new members and data. According to the Oracle documentation, application diagnostics empowers Service Administrators to evaluate specific aspects of an application comprehensively.
D. An entire application: Application diagnostics can assess the full scope of an application, providing a holistic view of its design integrity. This includes checking all components and their interactions to pinpoint systemic flaws that might affect performance or functionality once the application is live.
C. Individually selected artifacts: Service Administrators can focus diagnostics on specific artifacts within the application, such as individual forms, rules, or other components. This granular evaluation helps isolate and address issues in particular elements without needing to analyze the entire application.
E. Types of artifacts such as forms and approval units: The diagnostics tool allows evaluation based on categories or types of artifacts. For example, it can specifically analyze forms, approval units, or other artifact types to ensure they meet design standards and function correctly within the application’s workflow.
The optionsA. Error log filesandB. Migration snapshotsare not explicitly mentioned as evaluable components within the scope of application diagnostics at design time in the Oracle Planning 2024 Implementation documentation. Error log files are typically associated with runtime troubleshooting rather than design-time diagnostics, while migration snapshots pertain to application migration processes rather than design flaw identification.
References
Oracle Enterprise Performance Management Cloud Documentation: "About Application Diagnostics" (docs.oracle.com, published 2018-03-22, updated as of 2024). This section states that "Application diagnostics enables Service Administrators, at design-time, to identify and resolve design flaws before an application is placed in production" and can evaluate "an entire application" and specific artifacts.
Oracle Planning 2024 Implementation Study Guide: Application diagnostics section confirms the ability to assess "entire applications" and "individual or types of artifacts such as forms and approval units" to ensure design integrity.
These references align with the capabilities described for Service Administrators using application diagnostics in the Oracle Planning 2024 Implementation framework.
Your administrator creates a Pipeline definition to manage metadata, and data for your Planning application. Which statement about pipelines is true?
Develop pipelines to guide you through the Planning process.
Use pipelines as a visible, automated, and repeatable system of record for running an application.
Use pipelines to coordinate the running of a series of jobs as a single process.
Quickly drill into data slices that are important to you with pipelines.
In Oracle Planning 2024, a Pipeline is a feature that allows administrators to define and automate a sequence of jobs (e.g., data imports, metadata updates, calculations) as a single, coordinated process.Pipelines streamline the management of metadata and data by executing multiple tasks in a specified order, ensuring dependencies are met, and providing a repeatable workflow for maintaining the Planning application.
A. Develop pipelines to guide you through the Planning process: Incorrect. Pipelines are not a planning guide; they are an automation tool for executing jobs, not a process framework.
B. Use pipelines as a visible, automated, and repeatable system of record for running an application: Incorrect. While pipelines are automated and repeatable, they are not a "system of record" for running the entire application—they focus on specific job sequences.
C. Use pipelines to coordinate the running of a series of jobs as a single process: Correct. This aligns with the Oracle definition of pipelines, which orchestrate multiple jobs (e.g., import data, refresh database) into one executable process.
D. Quickly drill into data slices that are important to you with pipelines: Incorrect. Pipelines are not designed for data analysis or drilling into data slices; they are for job automation.
The Oracle documentation emphasizes that pipelines are used to manage and execute a series of jobs efficiently, making C the true statement.
References:
Oracle Planning 2024 Implementation Study Guide: "Working with Pipelines" (docs.oracle.com, Published 2024-10-05).
Oracle EPM Cloud Documentation: "Automating Tasks with Pipelines" (docs.oracle.com, Published 2023-11-30, updated for 2024).
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?
In Capital, for Expense, enable Integration with Financials.
In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets.
In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials.
In Financials, in the Asset Expenses Wizard, map each component to a Financials account.
To include asset-related expenses such as depreciation, amortization, and insurance in Financials reporting within Oracle Planning 2024 Implementation, integration between the Capital and Financials modules is required. The correct setup involves enabling integration from the Capital module to share expense data with Financials.
A. In Capital, for Expense, enable Integration with Financials: This option activates the integration feature in the Capital module under the Expense section, allowing asset-related expenses (e.g., depreciation, amortization, insurance) to be automatically pushed to Financials. Once enabled, Capital maps these expenses to the appropriate Financials accounts, ensuring seamless reporting. This is the standard method outlined in Oracle documentation for sharing Capital data with Financials.
B. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets: Adding a custom dimension in Financials is not the correct approach for integrating Capital expenses. Custom dimensions are for extending dimensionality, not for enabling data sharing between modules.
C. In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials: While account mapping is part of the integration process, it is a subsequent step that occurs after enabling integration. The primary action is enabling the integration itself, not just mapping accounts.
D. In Financials, in the Asset Expenses Wizard, map each component to a Financials account: There is no "Asset Expenses Wizard" in Financials for this purpose. The integration is driven from Capital, not through a wizard in Financials.
References
Oracle Enterprise Performance Management Cloud Documentation: "Administering Capital – Integration with Financials" (docs.oracle.com, updated 2024). Specifies that "enabling Integration with Financials under Expenses in Capital" is required to share depreciation, amortization, and insurance expenses.
Oracle Planning 2024 Implementation Study Guide: Notes that enabling integration from Capital’s Expense section is the key step for including asset-related expenses in Financials reporting.
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?
For future data, create a new insight by leveraging templates that include insight definitions.
For historical data, there should be atleast twice the amount of historical data as the number of prediction periods.
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.
For future data, first run predictions in a test environment to ensure there is no impact on production data.
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).
You want to Input data into Financials. For Financials, there is a predefined navigation flow with cards listed for both Revenue and Expenses. What is the sequence of the cards for Revenue and Expenses?
Overview, Driver and Trend Based, Rolling Forecast, Direct Entry, Income Statement
Assumptions, Allocations, Detailed Bottom Up, Strategic Top-Down, Direct Input, Overview, Summary
Assumptions, Direct Input, Driver and/or Trend Based, High Level Overview, Detailed Overview, Summary
Overview,Assumptions, Allocations, Detailed Bottom-Up, Driver and/or Trend based. Direct Input
In Oracle Planning 2024, Financials provides a predefined navigation flow for entering data, organized into cards that guide users through the planning process for Revenue and Expenses. The navigation flow is designed to streamline data input and analysis, starting with high-level views and moving into detailed entry methods. According to the Oracle documentation, the default sequence of cards for Revenue and Expenses in Financials is: Overview, followed by Driver and Trend Based, Rolling Forecast, Direct Entry, and concluding with Income Statement.
Overview: Provides a high-level summary of financial data, setting the context for planning.
Driver and Trend Based: Allows users to input data based on drivers (e.g., units sold) or trends (e.g., historical patterns), a key method for revenue and expense planning.
Rolling Forecast: Enables continuous forecasting over a defined period, integrating with driver-based inputs.
Direct Entry: Permits manual data input for specific accounts or line items, offering flexibility.
Income Statement: Consolidates all inputs into a financial statement view for review.
Option A accurately reflects this sequence as outlined in the Oracle Planning 2024 predefined navigation flow for Financials. Option B includes irrelevant cards like "Allocations" and "Strategic Top-Down," which are not part of the default Financials Revenue and Expenses flow. Option C introduces "High Level Overview" and "Detailed Overview," which are not standard card names in this context. Option D includes "Allocations" and "Detailed Bottom-Up," which are more aligned with custom flows or other modules, not the default Financials sequence.
This sequence is part of the out-of-the-box Financials navigation flow, ensuring users follow a logical progression from overview to detailed input and final reporting.
References:
Oracle Planning 2024 Implementation Study Guide: "Working with Navigation Flows in Financials" (docs.oracle.com, Published 2024-09-10).
Oracle EPM Cloud Documentation: "Planning Revenue and Expenses in Financials" (docs.oracle.com, Published 2023-11-15, updated for 2024).
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