1z0-1080-24 Exam Dumps : Oracle Planning 2024 Implementation Professional

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.

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 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).