Question 1

In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC 842 standards?

Options :

A : To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency.

B : If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset.

C : Once assigned, you cannot override the Low Value Lease Amount for an asset.

D : Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones.

E : You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.

Answer: B,C,E

Question 2

You must assign a Planning user with a Cloud EPM predefined role that allows them to create and administer Planning or Planning Modules and service components. This role should also allow them to grant permissions to other users. Which of the following predefined role must you assign this Planning user?

Options :

A : System Administrator

B : Approvals Administrator

C : Identity Role Administrator

D : Service Administrator

Answer: D

Question 3

You are preparing to design a report in Cloud EPM Planning using Report Designer. Which two statements are true about data sources in reports?

Options :

A : Insert charts in the report header to provide a quick visual summary of data.

B : Include a chart in your report without displaying the underlying data grid.

C : Control the way a report object is printed on the page relative to other report objects.

D : Insert a report object into the report if you are in Modify mode.

Answer: B,C

Question 4

You want to allocate project expenses to one or more capital assets. Which two statements describe what you need to set up in Projects or Capital to share the data?

Options :

A : In Capital, under Expenses, select Integration from Projects.

B : In Projects, under Expenses, select Integration with Capital.

C : In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project.

D : In Projects, on the Enable page, enable projects of type Capital.

Answer: B,D

Question 5

You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values. Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?

Options :

A : Beta PERT

B : Uniform

C : Triangular

D : Normal

E : Lognormal

Answer: C

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