Oracle Exam 1Z0-1080-24 Topic 1 Question 4 Discussion

In Oracle Planning 2024, configuring and post-configuring the Financials module involves tasks to establish its structure and functionality. The three valid configuration or post-configuration tasks are:

A . Adding custom expense driver categories: Incorrect. While Financials supports driver-based planning (e.g., revenue drivers), adding custom expense driver categories is not a standard configuration task---it's more of a customization within forms or rules, not a core setup step.

B . Adding custom dimensions: Correct. Adding custom dimensions (e.g., Region, Product) is a key configuration task in Financials to tailor the module to business needs, often done during or shortly after initial setup.

C . Completing Planning and Forecast Preparation: Correct. This mandatory configuration task defines the planning periods, scenarios, and versions for Financials, setting the foundation for budgeting and forecasting.

D . Setting up exchange rates (for multicurrency applications): Correct. For multicurrency-enabled Financials applications, configuring exchange rates is a critical task during or post-configuration to support currency conversion in financial planning.

E . Removing custom dimensions: Incorrect. Removing dimensions is not a standard configuration or post-configuration task---it's a rare adjustment that could disrupt existing data and is not recommended as part of setup.

The Oracle documentation identifies B, C, and D as essential tasks during or after Financials configuration, ensuring the module meets planning and reporting requirements.

Oracle Planning 2024 Implementation Study Guide: 'Financials Configuration Tasks' (docs.oracle.com, Published 2024-10-15).

Oracle EPM Cloud Documentation: 'Setting Up Financials' (docs.oracle.com, Published 2023-12-15, updated for 2024).