1z0-532.exam.

35q

Number: 1z0-532
Passing Score: 800
Time Limit: 120 min

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1z0-532

Oracle Hyperion Financial Management 11 Essentials

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Exam A

QUESTION 1
For metadata loads, you can import changes to metadata for which three application elements?

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A. Periods
B. Accounts
C. Entities
D. Currencies
E. Value

Correct Answer: BCD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 2
Identify the three true statements about security classes.

A. Security classes are grouping mechanisms for assigning security access to sets of related members, documents, or other objects.
B. Access levels for security classes include metadata, read, promote, and none.
C. Security classes are assigned to FDM locations in addition to FM objects.
D. Security classes cannot be created in EPMA by creating a Security Class dimension and associating it.
E. Security classes are created in Classic FM under Load Tasks.

Correct Answer: ABC

Section: (none)
Explanation

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QUESTION 3
For a classic application, what are the two valid methods to extract metadata to a text file?

A. You can extract metadata using the EPMA file generator.

B. Metadata can be extracted from within FM under extract tasks.
C. Metadata can be extracted from within EPMA Dimension Library.
D. Metadata can be extracted from the File > Export menu.
E. Metadata can be extracted from an FDM application.

Correct Answer: AB
Section: (none)
Explanation

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QUESTION 4
What is the primary purpose of Extended Analytics in FM?

A. Exports Financial Management metadata and data to an Essbase database

B. Exports Financial Management metadata and data to a relational database
C. Exports Financial Management metadata and data to an Excel pivot table
D. Provides analytic capabilities directly against the Financial Management application

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

QUESTION 5
The Audit Intersection link in Data Grid menus takes the user to:

A. The Data Audit listing for the cell

B. The FDM location used to load the data
C. The database log for the data storage table

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D. The Task Audit page
E. Line item details

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:

QUESTION 6
How can an administrator get a list of security classes AND assigned users defined in the FM application?

A. Select Document > Reporting > Security > Security report.

B. Select Tasks > Extract Tasks > Extract Security.
C. Select Tasks > Extract Tasks > Extract Metadata.
D. In the EPMA Dimension Library, under the Security Class dimension for the application, right-click the application and select Assign Access Control, then select
Security reports, and choose Classes by user.
E. In Shared Services, right-click the application and select Assign Access control, then select Security reports, and choose Classes by user.

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

QUESTION 7
The organization by period feature is used for what two purposes?

A. Segregating rules by month and year

B. Controlling when entities consolidate into specific parents
C. Organizing the period dimension into multiple hierarchies
D. Managing the ownership percentage of one entity by others
E. Maintaining stored data values for changes in the Entity structure over time

Correct Answer: BE
Section: (none)

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Explanation

Explanation/Reference:

QUESTION 8
If Sample Company 1230LAP has an intercompany balance with sample company PQR, when is the balance eliminated, assuming that consolidation rules have not
been enabled in Application Settings?

A. All eliminations occur within the uppermost member on each of the entity dimension hierarchies.
B. Eliminations occur in the [Elimination] value members of the children of the first common parent entity.
C. Eliminations occur in the [Elimination] value members of the children of the first common parent account.
D. If the consolidation rule in Application Settings is not enabled, the intercompany accounts do not eliminate.

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

QUESTION 9
How many custom dimensions do Financial Management applications allow?

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A. 2
B. 3
C. 4
D. 5
E. None. Financial Management supports only fixed dimensions.

Correct Answer: C
Section: (none)
Explanation

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Explanation/Reference:

QUESTION 10
You need to copy an FM Classic application including data from the production environment to the test environment to test new business rules.

How can you do this?

A. Use the FMCopyApplication.exe utility.

B. Copy the application using the Admin Task list, select Extract Application and then import into a new application.
C. Select the Copy User Provisioning in Shared Services.
D. Use Life Cycle Management to migrate the artifacts and data.
E. Use the EPMA File Generator Utility to extract and import metadata.

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

QUESTION 11
The Value dimension stores detail from child to parent for which dimension?

A. View
B. Entity
C. Account
D. Currency
E. Scenario

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
The Value dimension represents the different types of values stored in your application, and can include the input currency, parent currency, adjustments, and
consolidation detail such as proportion, elimination, and contribution detail. For example, the Entity Currency member stores the value for an entity in its local
currency. The Parent Currency member stores the value for an entity translated the to currency of its parent entity. The Value dimension is useful for providing an

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audit trail of the transactions applied to data.

QUESTION 12
Custom dimensions may be used to perform

A. Cash Flows
B. Roll forwards
C. Historical Overrides
D. B and C
E. A, B, and C

Correct Answer: E
Section: (none)
Explanation

Explanation/Reference:

QUESTION 13
Identify the two features that are available for data forms but not data grids.

A. View and update data

B. View calculation and consolidation status
C. Change point of view selections
D. Drill in and out on row and column members
E. Export to Excel
F. Open in Smart View

Correct Answer: EF
Section: (none)
Explanation

Explanation/Reference:

QUESTION 14
Identify the two true statements about property value inheritance for dimension members in EPMA.

A. Property values are always inherited from ancestors and cannot be changed.

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B. Property values are inherited from the closest ancestor except when a property value has been specifically entered.
C. You must manually enter and store property values for all the dimension members.
D. Property value inheritance decreases maintenance requirements for dimensions.
E. Inheritance takes precedence over properties defined in metadata load files.

Correct Answer: BD
Section: (none)
Explanation

Explanation/Reference:

QUESTION 15
Into which Value dimension member can a journal be entered?

A. [Parent Adjs]
B. <Child Curr Adjs>
C. [Entity Adjs]
D. <Entity Currency>
E. [USD]

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

QUESTION 16
When designing for Planning and Financial Management, what are the design considerations for dimensions and member?

A. In FM, spaces are allowed in member names while in Planning, spaces are not allowed in member names.
B. In FM, spaces are not allowed in member names while in Planning, spaces are allowed in member names.
C. In FM, descriptions are not required to be unique while in Planning, aliases must be unique.
D. A and C
E. B and C

Correct Answer: C

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Section: (none)
Explanation

Explanation/Reference:

QUESTION 17
In Task Automation, a link in a task flow:

A. Passes the point of view to a stage

B. Connects the task to a specific user
C. Passes control from one stage to another
D. Passes control from a task to the IT department
E. Passes a process unit from one review level to the next review level

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:

QUESTION 18
What feature in Financial Reporting allows you to "drill into" a dimension?

A. You cannot drill into dimensions in FR.

B. Expansions
C. Drill Options
D. Zoom Options
E. Enable for Smart Slice

Correct Answer: B
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Explanation

Explanation/Reference:

QUESTION 19

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What four actions can an administrator perform from the FM Administration menu?

A. Manage documents.
B. View system messages.
C. Run Data and Task Audits.
D. Manage Task Flows.
E. Manage Security.

Correct Answer: ABCD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 20
Identify the four processes through which Financial Management supports a virtual close.

A. A fully automated consolidation tool that combines financial data across many ledgers and consolidates to a corporate or business unit level
B. Automatic posting of eliminating entries, accrual entries, and allocations
C. Automated collection, mapping, verification, and movement of data
D. Automated intercompany processing

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E. Analysis capabilities throughout close over the Web and in Excel

Correct Answer: ACDE

Section: (none)
Explanation

Explanation/Reference:

QUESTION 21

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Identify the three true statements about accounts and account types.

A. Financial Management provides predefined account types such as Asset, Revenue, Flow, Balance, and Dynamic.
B. Account types tell FM how the child account should aggregate to the parent.
C. Account types tell FM how the account balances should accumulate over time.
D. Base level accounts do not automatically roll up to parents; business rules are required.
E. Children cannot inherit the account type of their parent unless specifically defined by the administrator.

Correct Answer: ABC

Section: (none)
Explanation

Explanation/Reference:
"Each account has an account type. Account types determine how child accounts are aggregated to parent accounts and how account balances accumulate over
time."

Above is an explanation about account types directly from the HFM Admin guide published by Oracle.

Additionally, this is true because Asset and Liability account types are balance sheet accounts and they represent a balance at a point in time. So, whether you look
at the amount in these accout types as periodic, QTD or YTD, the value is the same as it is not a cumlative amount.

The Revenue and Expense account types are income statement accounts and therefore the QTD and YTD amounts are an accumulation of the Periodic amounts.

QUESTION 22
You are designing the dimensionality for your Financial Management application. Identify the two true statements about dimensionality in FM.

A. Scenario dimension contains members such as CYActual, CYBudget, and PYActual.

B. Value dimension contains Periodic, year-to-date, quarter-to-date, and any custom members added by the administrator.
C. Value dimension contains Entity Currency, Entity Curr Adj, Entity Curr Total, Parent Currency, and any currency members added by the administrator.
D. The preferred method to add detail to accounts is to build subaccounts into the Accounts dimension.
E. The Intercompany Partner dimension is managed by FM based on settings in the Entity dimension.

Correct Answer: CE
Section: (none)
Explanation

Explanation/Reference:

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QUESTION 23
A Classic FM application profile contains which three components?

A. Frequency
B. Calendar
C. Dimension Associations
D. Language(s)
E. Scenario

Correct Answer: ABD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 24
Identify the three true statements about Financial Reporting.

A. Financial Reporting provides highly formatted, printable reports for FM applications.

B. Financial Reporting provides ad hoc reporting capabilities for FM applications.
C. Financial Reporting document types include reports, books, snapshots, and snapshot books.
D. You can create a single P&L report and run that report for any member in the Entity dimension

Correct Answer: ACD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 25
Before you can define an alias for a dimension or member in EPMA, you must

A. Do nothing; the Alias property is created by default

B. Create an Alias dimension and associate it
C. Create an Alias attribute
D. Create an Alias Property

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E. Create an Alias Table

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

QUESTION 26
In which four ways can a user access FR reports?

A. In the Workspace in HTML mode

B. In the Workspace in PDF mode
C. Over the Web outside of the Workspace in HTML mode
D. In Smart View using the BI+ Connection
E. In PDF format from an email

Correct Answer: ABDE

Section: (none)
Explanation

Explanation/Reference:

QUESTION 27
Identify the correct sequence for building a Classic FM application:

1-Create the application shell.

2-Create an application profile.
3-Define metadata such as dimensions and application settings.
4-Load data, data forms, member lists, rules, and journals.
5-Define security.

A. 1, 2, 3, 4, 5
B. 2, 1, 4, 3, 5
C. 2, 1, 5, 3, 4
D. 1, 2, 5, 3, 4
E. 1, 2, 3, 5, 4

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Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:

QUESTION 28
Identify two true statements about the native data load file format.

A. The default column order for the native data file is Scenario, Year, Period, View, Entity, Value, Account, ICP, Custom1, Custom2, Custom3, and Custom4.
B. You cannot change the column order for the data file.
C. The Group section defines the POV for the data file; you can define only a single member for each POV dimension.
D. The Line Items detail section contains data values.
E. The Group section is required.

Correct Answer: AD
Section: (none)
Explanation

Explanation/Reference:

QUESTION 29
Identify the two true statements about rule types in FM.

A. The Dynamic rule type allows you to calculate both parent and base accounts.
B. The NoInput rule type prevents users from entering data into specific cells or slices of cells using Hs.Nolnput.

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C. Calculate, Dynamic, Allocation, Input, No Input, Translate, Consolidate, Transactions, and Equity pickup are all valid rule types.
D. If you need to calculate Gross Margin %, use the Translate rule type.
E. Calculation rules are run only with FM specific calculation commands in Financial Management; no general VB commands.

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Correct Answer: BC
Section: (none)
Explanation

Explanation/Reference:

QUESTION 30
Given the following syntax in a business rule:

Identify the two variables.

A. Calculate ()
B. strview
C. Hs.Exp
D. DIFFERENCE
E. strPOV

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Correct Answer: BE
Section: (none)
Explanation

Explanation/Reference:

QUESTION 31
Identify the three true statements about Dimension Associations in EPMA.

A. Dimension associations are used when a property in one dimension is associated with the members in another dimension.
B. The Security Class dimension is associated with the Security Class property only in an Account and Entity.
C. The Alias dimension is associated with the Alias property for Account, Entity, and Scenario dimensions.
D. The Currency dimension is associated with the Currency property of the Account dimension.
E. A Plug Account from the Account dimension can be associated with the Account dimension.

Correct Answer: ACD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 32
Identify the three true statements. The EPMA import files for metadata_______.

A. Contains sections for Dimensions, Dimension Associations, Hierarchies, and Members

B. Requires the Dimensions, Dimension Associations, Hierarchies, and Members section to create a dimension
C. Expects the Hierarchies section to be in Parent/Child format
D. Requires that all members must be declared in the Members section before they can be added to the HIERARCHIES section
E. Has it that the header, file_format = ads version =1.0, is optional for the import file

Correct Answer: ACE

Section: (none)
Explanation

Explanation/Reference:

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QUESTION 33
How many members Lists can you load at one time?

A. 1
B. 2
C. 4
D. 10

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

QUESTION 34
Identify the three true statements about ERP Integrator (ERPI).

A. ERPI supports PeopleSoft, Oracle E-Business Suite and SAP.

B. ERPI integrates metadata and data from ERP source system into an Oracle Hyperion EPM target application.
C. ERPI provides drill through from Financial Management data forms, Smart View, and Financial Reporting.
D. ERPI provides drill through to BI Dashboards.
E. ERPI under the covers is Oracle Data Integrator.

Correct Answer: ABD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 35
In a scenario with the zero view set to year-to-date, if January is $30 year to date and March is $90 year to date, what value does FM calculate for February year to
date if no data is loaded?

A. 0
B. 30
C. 45

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D. 60
E. -30

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:

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