Oracle 1Z0-532 Oracle Hyperion Financial Management 11 Certified Implementation Specialist Exam Practice Test Questions

• Question 1

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

  • A fully automated consolidation tool that combines financial data across many ledgers and consolidates to a corporate or business unit level
  • Automatic posting of eliminating entries, accrual entries, and allocations
  • Automated collection, mapping, verification, and movement of data
  • Automated intercompany processing
  • Analysis capabilities throughout close over the Web and in Excel

  Show Answer Answer: A,C,D,E Next

• Question 2

  Identify the three true statements about Financial Reporting. (Choose three.)

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

  Show Answer Answer: A,C,D Next

• Question 3

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

  • From one application to another application, moving Security, Dimensions, Phased Submissions, Rules, Documents, Forms, and Member Lists
  • From Hyperion Enterprise into FM
  • It does not move artifacts; it just verifies that artifacts are valid.
  • From FM into various document management suites
  • From one application to a file system, moving Security, Dimensions, Phased Submissions, Rules Documents, Forms, and Member Lists

  Show Answer Answer: A,E Next

• Question 4

  For a classic application, what are the two valid methods to extract metadata to a text file? (Choose two.)

  • You can extract metadata using the EPMA file generator.
  • Metadata can be extracted from within FM under extract tasks.
  • Metadata can be extracted from within EPMA Dimension Library.
  • Metadata can be extracted from the File > Export menu.
  • Metadata can be extracted from an FDM application.

  Show Answer Answer: A,B Next

• Question 5

  Identify the three true statements about I/C activity. (Choose three.)

  • Intercompany transactions are eliminated at the first common parent.
  • Intercompany transactions can be processed for both open and closed periods.
  • Matching tolerances can be set by percent, dollar amount, or both.
  • Eliminations are processed during both Calculation and Consolidation processes.
  • I/C reports are available to display transactions by status-Matched, Mismatched, or Unmatched.

  Show Answer Answer: A,C,E Next