Prep and try our 1Z0-1080-26 valid and latest training questions & answers

Which three required setup options must you select when creating a Module-based Planning application?

• A. Main Currency
• B. Custom Dimensions
• C. Application Type
• D. Period Frequency
• E. Rolling Forecast

You want to use Strategic Modeling to quickly model and evaluate financial scenarios. Which two statements describe tasks that you can perform in Strategic Modeling?

• A. You can define driver-based planning by using expense assumptions so that model expenses are calculated using the built-in formulas and expense drivers that you enter.
• B. You can use Goal Seek to specify a target value for an account and determine the values that are needed to drive that result.
• C. You can use prebuilt forecasting methods, or build your own free form formula.
• D. You modify assumptions for Capital assets, such as depreciation and amortization, cash flow, and other expense assumptions, to determine long-range model expenses.

You want to develop your forecast with Forms 2.0. Which statement about Forms 2.0 setup is true?

• A. Switch between Forms 1.0 and Forms 2.0 by selecting the Forms Version in Application Settings.
• B. Migrate the forms you want to work with in Forms 2.0 from Forms 1.0 to Forms 2.0.
• C. Set up Forms 2.0 in your environment one time and it will work with all your applications.
• D. Redesign forms 1.0 forms so that they are set up to work with Forms 2.0.

Which three are benefits of using Groovy rules?

• A. You can use Groovy rules to add validation checks for runtime prompt value before running calculations, add data validation checks before submitting data, and add error handling.
• B. You can use Groovy rules to dynamically calculate data and add validation checks before saving data on custom composite forms.
• C. You can use Groovy rules to dynamically generate calculations scripts at run time based on contexts defined in the Groovy script.
• D. You can use Groovy rules to define member formulas that combine operators, calculations on members in Dimension Editor.
• E. You can use Groovy rules to perform complex procedural calculations in memory before submitting the results to the database.

You enabled Projects and within Projects you enabled the Program dimension so that you can group projects together into a program. Which is a post configuration task for Projects?

• A. Modify account type and variance reporting options for members in programs.
• B. Map projects to programs for analysis purposes.
• C. Synchronize defaults by pushing updated data to the input forms by running the Synchronize Default business rule.
• D. Review the assumptions under Investments and Intangibles at the No Entity level and members under the Total Entity level.