Oracle Oracle Certifications 1Z0-532 Questions & Answers

• Question 41:

  You are designing the dimensionality for your Financial Management application. Identify the two true statements about dimensionality in FM. (Choose two.)

  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

• Question 42:

  Identify the three true statements about accounts and account types. (Choose three.)

  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

  "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 43:

  What four actions can an administrator perform from the FM Administration menu? (Choose four.)

  A. Manage documents.

  B. View system messages.

  C. Run Data and Task Audits.

  D. Manage Task Flows.

  E. Manage Security.

  Correct Answer: ABCD

• Question 44:

  Identify the four processes through which Financial Management supports a virtual close. (Choose four.)

  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

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

  Correct Answer: ACDE

• Question 45:

  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

• Question 46:

  In addition to Sub translate routine, which two application settings are also used for translate? (Choose two.)

  A. DefaultRateForICPAccounts

  B. DefaultRateForBalanceAccounts

  C. DefaultRateForExpenseAccounts

  D. DefaultRateForFlowAccounts

  Correct Answer: BD

• Question 47:

  Identify the three true statements about the Financial Management architecture. (Choose three.)

  A. Hyperion Financial Management uses a multitier architecture that includes a client tier, application tier, and a data tier.

  B. The client tier (user interface) communicates with the data tier.

  C. The client tier (user interface) communicates with the application tier.

  D. The application tier contains the application as well as the report and Web servers.

  E. The data tier contains the Essbase database for all Hyperion Financial Management application data and source data.

  Correct Answer: ACD

• Question 48:

  Life Cycle Management moves artifacts in which two ways? (Choose two.)

  A. From one application to another application, moving Security, Dimensions, Phased Submissions, Rules, Documents, Forms, and Member Lists

  B. From Hyperion Enterprise into FM

  C. It does not move artifacts; it just verifies that artifacts are valid.

  D. From FM into various document management suites

  E. From one application to a file system, moving Security, Dimensions, Phased Submissions, Rules Documents, Forms, and Member Lists

  Correct Answer: AE

• Question 49:

  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

• Question 50:

  Into which Value dimension member can a journal be entered?

  A. [Parent Adjs]

  B.

  C. [Entity Adjs]

  D.

  E. [USD]

  Correct Answer: A