1Z0-1080-25 practice question 7 of 25

A company has enabled Financials and would now like to make changes to the initial configuration. Which three changes can be made?

Full set: 120 questions
Answer options
A:

A. Adding custom dimensions

B:

B. Enabling rolling forecast

Correct answer
C:

C. Changing the selected cash flow method

D:

D. Enabling Income Statement

E:

E. Enabling Expense

F:

F. Renaming custom dimensions

Correct Answer:
<P>A; B. B. Enabling rolling forecast; F</P>
Explanation

After the initial configuration of the Oracle EPM Cloud Financials business process, administrators retain the flexibility to make several key changes to adapt to evolving business needs. It is possible to add new custom dimensions to the application to allow for more granular planning and analysis. Existing custom dimensions can also be renamed to improve clarity or align with updated business terminology. Additionally, forecasting capabilities can be enhanced by enabling features like a rolling forecast, which was not part of the initial setup.

Why Incorrect

C. Changing the selected cash flow method: The cash flow methodology (Direct vs. Indirect) is a fundamental structural choice that is locked in during the initial enablement and cannot be altered later. D. Enabling Income Statement: While you can enable major features not selected initially, this represents a significant addition of content rather than a modification of the existing configuration like the correct answers. E. Enabling Expense: Similar to the Income Statement, enabling the entire Expense module post-configuration is a substantial addition of artifacts, not a simple change to the initial setup.

References

1. Oracle® Cloud Administering Planning for Oracle Enterprise Performance Management Cloud, EPM-AP, "Configuring Financials" section.

This document explicitly states, "After you initially enable and configure Financials, you can later enable additional features... For example, you can add and rename custom dimensions... You can enable rolling forecast." This directly supports answers A, B, and F.

The same section also specifies what cannot be changed: "After you enable features, you can't disable them. You also can't change... the Cash Flow method..." This directly refutes option C.

2. Oracle® Cloud Getting Started with Planning for Oracle Enterprise Performance Management Cloud, EPM-GS, "About Financials" section.

This guide details the initial setup wizard for the Financials module. It describes the selection of the cash flow method as a one-time decision during the "Enable Features" step, reinforcing that it is not a post-configuration change. The ability to add and manage custom dimensions is highlighted as a key flexibility feature.

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