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| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analysis | - Financial reporting
|
| Topic 2: Data Integration and Management | - Data loading methods
|
| Topic 3: Planning Application Configuration | - Application design
|
| Topic 4: Oracle Enterprise Performance Management (EPM) Cloud Overview | - Security and user management
|
| Topic 5: AI and Predictive Planning Features | - Predictive forecasting
|
>> Key 1Z0-1080-26 Concepts <<
GuideTorrent Oracle Planning + AI 2026 Implementation Professional (1Z0-1080-26) Questions have numerous benefits, including the ability to demonstrate to employers and clients that you have the necessary knowledge and skills to succeed in the actual 1Z0-1080-26 exam. Certified professionals are often more sought after than their non-certified counterparts and are more likely to earn higher salaries and promotions. Moreover, cracking the Oracle Planning + AI 2026 Implementation Professional (1Z0-1080-26) exam helps to ensure that you stay up to date with the latest trends and developments in the industry, making you more valuable assets to your organization.
NEW QUESTION # 13
In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?
Answer: A,D
Explanation:
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.
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).
NEW QUESTION # 14
You want to allocate project expenses to one or more capital assets.
Which two statements describe what you need to set up in Projects or Capital to share the data?
Answer: A,C
Explanation:
To allocate project expenses to one or more capital assets in Oracle Planning 2024 Implementation, integration between the Projects and Capital modules must be established. Two specific setup steps are required to enable this data sharing:
B . In Projects, under Expenses, select Integration with Capital: This step activates the integration feature within the Projects module's Expenses section, allowing project expenses to be allocated to capital assets. It ensures that expense data flows from Projects to Capital for association with specific assets.
D . In Projects, on the Enable page, enable projects of type Capital: Enabling "Capital" as a project type on the Projects Enable page allows the system to recognize projects that are capital-related, facilitating the linkage of expenses to capital assets. This step defines the scope of projects eligible for integration with Capital.
A . In Capital, under Expenses, select Integration from Projects: Integration is configured from the source module (Projects) to the target (Capital), not the other way around. Capital receives data but does not initiate the integration.
C . In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project: Adding a custom dimension in Capital is unnecessary for this integration. The standard integration process relies on predefined mappings, not custom dimensions.
Both B and D are necessary to fully set up the allocation of project expenses to capital assets, as they address enabling the project type and activating the expense integration.
Oracle Enterprise Performance Management Cloud Documentation: "Administering Projects - Integration with Capital" (docs.oracle.com, updated 2024). Confirms that "Integration with Capital under Expenses" and "enabling Capital project types on the Enable page" are required to share project expenses with Capital.
Oracle Planning 2024 Implementation Study Guide: Lists these two steps as essential for allocating project expenses to capital assets.
NEW QUESTION # 15
How do you add custom dimensions when you enable features?
Answer: B
NEW QUESTION # 16
In module-based Planning, you can configure the time frame and granularity for plans, and the forecast for each module. You can have a different time frame and granularity for each module and year.
When configuring Financials, in which component would you configure the time frame and granularity for plans?
Answer: A
Explanation:
In Oracle Planning 2024's module-based Planning, including the Financials module, the time frame (e.g., years) and granularity (e.g., months, weeks) for plans and forecasts are configured to define the planning horizon and periodicity. For Financials, this configuration occurs in:
A . Planning and Forecast Preparation: Correct. This component is where administrators define the time frame (e.g., start year, number of years) and granularity (e.g., monthly, weekly) for plans and forecasts. It's a mandatory configuration task executed via the Configure card, allowing module-specific settings.
B . Manage Time Periods: Incorrect. This is not a standard component in Oracle Planning for setting time frame and granularity; it's a term more aligned with other Oracle systems (e.g., Essbase) or custom period management, not Financials configuration.
C . Seasonality Management: Incorrect. Seasonality Management deals with distributing data across periods based on patterns (e.g., seasonal trends), not setting the overall time frame or granularity.
D . Valid Intersections: Incorrect. Valid Intersections define allowable data combinations across dimensions, not the time frame or granularity of plans.
The Oracle documentation specifies that Planning and Forecast Preparation is the component where time-related settings are established for Financials, making A the correct answer.
Oracle Planning 2024 Implementation Study Guide: "Configuring Time Frame in Financials" (docs.oracle.com, Published 2024-10-10).
Oracle EPM Cloud Documentation: "Planning and Forecast Preparation" (docs.oracle.com, Published 2023-11-15, updated for 2024).
NEW QUESTION # 17
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?
Answer: A,D
Explanation:
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.
Oracle Planning 2024 Implementation Study Guide: "Configuring Insights and Auto Predict" (docs.oracle.com, Published 2024-10-15).
NEW QUESTION # 18
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