1Z0-973 Dumps 2023 | Latest 93 Practice Questions With Answers
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Question 1:
A company has enabled the Financials business process and now would like to make changes to the initial configuration.
Which three changes can be made after the initial setup of the Financials framework? (Choose three.)
A. Disabling already enabled features
B. Enabling Rolling Forecast
C. Enabling Income Statement
D. Enabling Expense
E. Removing custom dimensions
F. Adding custom dimensions
Correct Answer: CDF
C: Financials offers three different Income Statement formats. The account groupings created are based on your selection to produce an Income Statement. You can select both Gross Margin and Contribution Margin reporting. Contribution Margin adds rollup accounts. Additional Options adds rollups to the income statement hierarchy. Requires Revenue and Expense planning.
D: Enable common expense accounts for planning purposes. Enable significant expense categories to perform driver based planning. For example if you enable compensation, salary expense will be derived using headcount and average salary. You can enable drivers at any time.
F: If you are enabling features for the first time, you must define all custom dimensions. You can\’t define these later.
Question 2:
Which is NOT available for assigning customized navigation flows?
A. Global
B. Group
C. User
D. Role
Correct Answer: C
Navigation flows are categorized as follows for customization:
References: Oracle Cloud, Administering Planning for Oracle Enterprise Planning and Budgeting Cloud , page 7-2
Question 3:
What are three considerations one must make before converting from a Planning and Budgeting Cloud (PBCS) application to Enterprise Planning and Budgeting Cloud (EPBCS)? (Choose three.)
A. The PBCS application is not a standard currency application.
B. Having a license for EPBCS.
C. The PBCS application does not use Data Management.
D. The PBCS application artifact names do not use any of the following prefixes: oep_, ofs_, owp_, ocx_, and opf_.
E. The PBCS Period dimension is renamed to “Periods” first.
Correct Answer: ACD
Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/ conversion_considerations_pbcs_to_epbcs_100x639ccf07.html
Question 4:
Which LCM Category is required to restore dimensional security?
A. Reporting
B. Groups and Memberships
C. Calculation Manager
D. Planning
Correct Answer: B
In EPM System security mode, Essbase obtains user and group details (including user and group information and provisioning to Essbase applications) from Shared Services
References: https://docs.oracle.com/cd/E57185_01/EDBAG/dsemain.html#dsemain_6
Question 5:
When loading Salaries into Workforce, which Property should the values be loaded to?
A. OWP_Gross Earnings
B. OWP_Expense Amount
C. OWP_Salary Basis
D. OWP_Value
Correct Answer: C
The salary basis specifies the frequency of the amount sent to payroll and stored as salary, such as annual or hourly amount. It also specifies the payroll element and input value that feeds the salary to payroll and the grade rate that provides the salary range.
References: https://docs.oracle.com/cloud/farel9/common/FAIWC/F1443869AN18796.htm
Question 6:
What step is NOT required to calculate Merit dollars for each Employee within the Workforce framework?
A. Enter or Load a Merit Override Rate.
B. Enter or Load a Merit Month by employee.
C. Enter or Load a Performance Metric by employee.
D. Ensure there is a Merit Rate for each Performance Metric and component definitions have been updated
E. Execute the calculate Compensation Business Rule
Correct Answer: A
Question 7:
Which two statements are false? (Choose two.)
A. Business logic is often developed in Rules.
B. Users connect to Data Management to update their budget and forecast.
C. Dashboards are not available in PBCS
D. Approvals allows the business to approve changes and request updates to budget and forecast data.
Correct Answer: BC
Data management can be used to import data. You can associate cards with Dashboards.
References: Oracle Cloud, Administering Planning for Oracle Planning and Budgeting Cloud
Question 8:
When calculating a tiered type of tax, what should be the selected `Maximum Value Type\’?
A. Threshold Amount
B. Percentage of Taxable Earnings
C. Percentage of Salary
D. Flat Amount
E. Percentage of Overall Earnings
Correct Answer: A
Setting the Maximum Value Type to Threshold Amount is available only for Taxes (not Additional Earnings or Benefits). If the Maximum Value Type is set to Threshold Amount, then the threshold of each tier drives the tiered calculations. The application applies all tiers to the default assignment, as appropriate, regardless of the tier assigned as a default.
References: https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/wf_about_maximum_value_typ e_110x00c2886b.htm
Question 9:
Which three functions does the Enterprise Planning and Budgeting Cloud (EPBCS) data load templates allow?
A. Load data directly into Data Management without the need for mappings
B. Import business process data into a specific framework cube
C. Customize the data import process to your application\’s unique requirements
D. Use the EPBCS Import Data feature
E. Allow for a single Excel template to load data to all frameworks without custom modifications
Correct Answer: BCD
B: Essbase is selected as Source Type for the data import to load data in an Essbase data file format. If you select this option, you must choose a cube.
C: Open the templates in Microsoft Excel, and customize them to specify your business data.
D: To import data:
References: https://docs.oracle.com/cloud/latest/pbcs_common/PFUSA/importing_data_101.htm#PFUS Af_manage_app_49
Question 10:
Which two are NOT true with a Planning and Budgeting Cloud (PBCS) application? (Choose two.)
A. Three custom planning applications can be Initialized
B. Four custom reporting applications can be initialized
C. Approvals is not included
D. Groovy calculations are available
Correct Answer: BC
B: These are planning applications, not reporting applications.
C: An approval unit is the basic unit for preparing, annotating, reviewing, and approving plan data. Approval units are combinations of scenario, version, and entity or part of an entity. You can have one scenario/version combination per approval unit. Scenarios and versions are the basis of the review cycle. Approval units submit planning data for a scenario and version.
Question 11:
When importing data into the Financials framework, which Plan Element dimension member should be selected to help keep track of the cube\’s data sources?
A. OFS_Integration
B. OFS_Calculated
C. OFS_Systems
D. OFS_Load
Correct Answer: D
OFS_Load–Data value to import.
References: https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/general_importing_financials_1 16x04dcf57d.htm#EPBCA-GUID-ABF5EAB0-A5D3-43CD-BA2E-72C56996AA2F
Question 12:
Which statement is true when configuring the Projects option?
A. If using the Projects option, then the Capital option and the Workforce option must be configured
B. If using the Projects option, there is no dependency with the Capital option.
C. If using the Projects option, then the Capital option must also be configured.
D. If using the Projects option, then the Capital option must also be configured, only if capital projects are enabled.
Correct Answer: D
Optionally, for capital projects, you can allocate project expenses either partially or in full to one or more assets.
References: Oracle Cloud, Administering Planning for Oracle Enterprise Planning and Budgeting Cloud, page 5-1 https://docs.oracle.com/cloud/latest/pbcs_common/EPBUG/EPBUG.pdf
Question 13:
Which financial framework member within the Plan Element dimension stores the aggregated value of all driver-derived calculations after adjustments have been applied?
A. OFS_Adjustment
B. OFS_Trend
C. OFS_Calculated
D. OFS_Total
Correct Answer: C
The Plan Element dimension delineates the different types and sources of data used in the application. For
example:
Total: Calculated–Aggregates the value of all driver-derived calculations.
References:
https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/fin_about_the_plan_element_di
mension.htm#EPBCA-financials_755
Question 14:
Which two client requirements align with using an ASO plan type alongside the Enterprise Planning and Budgeting Cloud (EPBCS) plan types? (Choose two.)
A. Due to sparse dimensionality, Aggregation times are slow in EPBCS.
B. The client would like to plan revenue by Product and Services dimensions.
C. The client would like to report the results of the allocation process by Entity.
D. The client would like to store 10 years of actual history for reporting purposes but only requires prior year history for planning purposes.
E. The client has 10 dimensions in the EPBCS application and needs to report at each intersection.
Correct Answer: AE
The advantage of creating these Aggregate Storage Option (ASO) cubes is obviously for reporting capabilities. With any application that utilizes a large dimension set with several sparse members, ASO cubes make reporting on data much faster.
References: http://www.performancearchitects.com/wp/2014/05/07/advantages-and- disadvantages-of-theaggregate-storage-option-aso-plan-type-feature-in-oracle-hyperion- planning-version-11-1-2-3/
Question 15:
When loading flat file data from external systems into the Enterprise Planning and Budgeting Cloud (EPBCS) business process frameworks, which three are recommended methods? (Choose three.)
A. Financial Data Quality Management Enterprise Edition (FDMEE)
B. Data Management
C. Data Maps
D. XREF member formulas
E. Import Data option with framework templates
F. DATAEXPORT command in Calculation Manager business rules
Correct Answer: ABE
A: Oracle Hyperion Financial Data Quality Management Enterprise Edition eliminates the data integrity risks associated with collecting, mapping, verifying, and moving critical financial data. With it, you can build standardized, repeatable processes and avoid the typical inefficiencies of collecting financial data.
B: You can import data using Data Management.
E: Use the Export-Import Data template to export data from, or import data into, a location in the database outline.
References: Oracle Cloud, Administering Planning for Oracle Enterprise Planning and Budgeting Cloud