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Oracle Planning 2024 Implementation Professional Sample Questions (Q43-Q48):

NEW QUESTION # 43
In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC
842 standards?

  • A. Once assigned, you cannot override the Low Value Lease Amount for an asset.
  • 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.
  • C. You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.
  • D. 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.
  • E. 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.

Answer: A,B,C

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 # 44
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?

  • A. In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project.
  • B. In Projects, under Expenses, select Integration with Capital.
  • C. In Projects, on the Enable page, enable projects of type Capital.
  • D. In Capital, under Expenses, select Integration from Projects.

Answer: B,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.
BothBandDare 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.
References
* 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 # 45
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?

  • A. Merit Month
  • B. Merit Assumptions
  • C. Merit Rates
  • D. Workforce Assumptions

Answer: B

Explanation:
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.


NEW QUESTION # 46
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?

  • A. In Capital, for Expense, enable Integration with Financials.
  • B. In Capital, on the Configure page, select Map Capital Accounts and map capital accounts to the corresponding account in Financials.
  • C. In Financials, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Assets.
  • D. In Financials, in the Asset Expenses Wizard, map each component to a Financials account.

Answer: A

Explanation:
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.


NEW QUESTION # 47
In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?

  • A. After all children are promoted to the same owner, the parent status is changed to Signed Off.
  • B. When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.
  • C. When you approve a parent. Its children are Signed Off.
  • D. After all children are promoted to the same owner, the parent is promoted to the owner.

Answer: B,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.
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).


NEW QUESTION # 48
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