Question 6 of 59

Which describes Strategic Modeling? Choose the best answer.

    Correct Answer: A

    Strategic Modeling is primarily used to evaluate financial scenarios and perform financial impact analysis. It allows organizations to explore different financial outcomes based on various strategic decisions, helping them understand potential financial implications and make informed choices.

Question 7 of 59

Which card allows you to enable modules? (Choose the best answer.)

    Correct Answer: D

    The correct answer is Settings. Typically, enabling modules and configuring system-wide options are tasks that are performed within the Settings section of most software applications. This is where administrative controls are usually found, including enabling or disabling various features or modules.

Question 8 of 59

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

    Correct Answer: ABD

    In Strategic Modeling, you can manage time periods through several tasks. First, you can combine periods of years, halves, quarters, months, and weeks for historical forecast data, which allows for comprehensive data analysis over time (A). You can also configure time periods to reflect the detail required by financial models, such as different levels of granularity for different years, ensuring that the time periods align with the financial model requirements (B). Additionally, creating period-to-date, trailing periods, deal periods, and sub periods to record transactions enables precise tracking and management of financial transactions over various timeframes (D). Therefore, the correct answers are A, B, and D.

Question 9 of 59

Which two statements are true regarding the creation and management of business rules in module-based Planning? (Choose two.)

    Correct Answer: AC

    Pre-defined business rules for modules may be modified, but may be ignored after an application upgrade, which ensures that customizations can be made but may need to be maintained. Custom business rules can be created for each module, providing the flexibility to tailor business rules to specific needs within each module.

Question 10 of 59

Which three are benefits of using EPM Enterprise Cloud Service over EPM Standard Cloud Service? (Choose three.)

    Correct Answer: BCE

    The benefits of using EPM Enterprise Cloud Service over EPM Standard Cloud Service include the ability to deploy Planning business processes with no dimension requirements and create business processes using Essbase outline files, allowing a high degree of business process customization to support business requirements, and deploying more than one supported business process in the same instance.