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1. Which set of steps do you perform to enable each Planning module?
A) Enable the module, configure the module, and run post-configuration tasks.
B) Run pre-configuration tasks, enable the module, and configure the module.
C) Enable the module and refresh the database.
D) Configure the module and refresh the database.
2. Which two statements describe types of insights that can be configured?
A) Revel hidden bias in forecast submitted by planners by analyzing historical data
B) Either user a prebuilt forecasting method or a freeform formula that you build
C) Detected outliner values that vary widely from other values
D) Assign a range of possible value to inputs that are uncertain and analyze how that uncertainly affects related accounts
3. Which three required setup options must you select when creating a Module-based Planning application?
A) Application Type
B) Main Currency
C) Period Frequency
D) Custom Dimensions
E) Rolling Forecast
4. In Strategic Modeling, you set up the Change in Inventory due to Non-Cash Activity account and provide more detailed accounts below that account. The account number is v2040.35:010. The main account is 2040. Which two statements about setting up accounts in Strategic Modeling are true?
A) You can remove account 2040 if you no longer need it.
B) Subaccounts inherit attributes of main accounts in both historical and forecast periods.
C) When you create subaccounts for Balance Sheet accounts, subaccounts for related accounts are created automatically.
D) You can add siblings to main accounts to create additional accounts.
5. You want to Input data into Financials. For Financials, there is a predefined navigation flow with cards listed for both Revenue and Expenses. What is the sequence of the cards for Revenue and Expenses?
A) Assumptions, Allocations, Detailed Bottom Up, Strategic Top-Down, Direct Input, Overview, Summary
B) Overview, Driver and Trend Based, Rolling Forecast, Direct Entry, Income Statement
C) Assumptions, Direct Input, Driver and/or Trend Based, High Level Overview, Detailed Overview, Summary
D) Overview, Assumptions, Allocations, Detailed Bottom-Up, Driver and/or Trend based. Direct Input
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C | Question # 3 Answer: A,D,E | Question # 4 Answer: B,D | Question # 5 Answer: B |
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