1Z0-1080-20 Online Practice Questions and Answers

Which describes Strategic Modeling? Choose the best answer.

A. Used to evaluate financial scenarios and perform financial impact analysis.

B. Used to evaluate how assets and resources related to corporate initiatives are allocated

C. Used primarily for balance sheet planning

D. Used to develop plans and forecasts and generate core financial statements

What three time period management tasks can you perform in Strategic Modeling? (Choose three.)

A. Combine periods of years, halves, quarters, months, and weeks for historical forecast data.

B. Configure time periods to reflect the detail required by financial models, such as different levels of granularity for different years.

C. Enable the input option for upper level time periods when you add time detail.

D. Create period-to-date, trailing periods, deal periods, and sub periods to record transactions.

E. Select and combine periods of years, halves, quarters, months, and weeks for the beginning balance year.

Which three are use cases for data maps? (Choose three.)

A. To allow users to drill back to the data in a different cube.

B. To integrate data between custom plan types and Planning modules

C. To integrate data between Planning modules

D. To push data from a planning cube to a reporting cube

E. To create a replicated partition between cubes

Which three artifacts can be imported from a flat file? (Choose three.)

A. Exchange Rate Tables

B. Smart Lists

C. Linked Reporting Objects

D. Cell Text

E. Dimensions

In Strategic Modeling Simulations, which probability distribution describes many phenomena such as returns on equity or assets, inflation rates, or currency fluctuations? (Choose the best answer.)

A. Normal

B. Lognormal

C. Triangular

D. BetaPERT

E. Uniform

Which REST API method would be used to execute a job in Planning? (Choose the best answer.)

A. POST

B. EXECUTE

C. GET

D. PUT

What is the purpose of selecting the Project Benefits option when enabling Projects? (Choose the best answer.)

A. To track the Workforce expense benefits calculated on each Contract project

B. To plan detailed project revenue for Contract projects

C. To help justify the need for projects and plan non-financial benefits

D. To plan detailed project expenses for projects

If you choose to create your own chart of accounts in Financials, which four statements are TRUE? (Choose four.)

A. Predefined drivers and the chart of accounts you brought in can co-exist within the Account dimension member outline.

B. You enable base or parent features to create an account structure with key members for you to add your own chart of accounts.

C. You cannot reuse existing integrated financial statements and must design your own financial statements that include the accounts you imported.

D. You do not need to enable base or parent features, and instead import the metadata directly into the Financials cube.

E. You can perform calculations using existing rules, and plan using existing forms and dashboards.

F. You input or import your own accounts for each enabled feature.

In Projects, which is NOT a valid option for Contract project revenue recognition? Choose the best answer.

A. Monthly, Quarterly, or Semiannually

B. After Completion

C. When Paid

D. When Billed

Which option is true when implementing access permissions in Planning? (Choose the best answer.)

A. Users and groups are restricted from accessing applications by removing custom application and plan-type security

B. A member that is set to read that has a parent with write access to all descendants will result in an access level of read

C. Planning roles can be assigned to members in all dimensions in all modules in the application