Oracle Hyperion Financial Management 11 Essentials (1Z1-532) Free Practice Test

Question 1

Identify the purpose of using task lists.

A. To upload user "to do" items to FM with due dates and alert dates

B. To list tasks to be executed by the FM Server

C. To organize and group related tasks into a navigational aid for users

D. To define the review path for consolidation review

E. To create lists of members with VB script

Correct Answer: C

Question 2

Which clearing data using the Database Management module, dimension is not included for selection?

A. Entity

B. Value

C. Custom1

D. Scenario

E. Account

Correct Answer: C

Question 3

In Task Automation, a link in a task flow:

A. Passes control from a task to the IT department

B. Connects the task to a specific user

C. Passes the point of view to a stage

D. Passes a process unit from one review level to the next review level

E. Passes control from one stage to another

Correct Answer: E

Question 4

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, 5, 4

B. 1, 2, 5, 3, 4

C. 2, 1, 5, 3, 4

D. 1, 2, 3, 4, 5

E. 2, 1, 4, 3, 5

Correct Answer: C

Question 5

Marcela will only approve and post Journals. What two Shared Services roles/rights should be assigned to meet this requirement? (Choose two.)

A. Journals Administrator

B. Approve Journals

C. Create Journals

D. Post Journals

E. Reviewer 1

Correct Answer: B,D

Question 6

Identify the statement that applies to parent accounts.

A. Parent accounts inherit the properties of their children.

B. A parent account is limited to 3 children or less.

C. The number of children under a parent account has no performance impact.

D. Parent accounts should have more than one child account but it is not required.

E. Parent accounts can have a single child only if the currency is changing.

Correct Answer: D

Question 7

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

A. DefaultRateForICPAccounts

B. DefaultRateForExpenseAccounts

C. DefaultRateForBalanceAccounts

D. DefaultRateForFlowAccounts

Correct Answer: C,D

Question 8

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

A. Matching tolerances can be set by percent, dollar amount, or both.

B. I/C reports are available to display transactions by status-Matched, Mismatched, or Unmatched.

C. Eliminations are processed during both Calculation and Consolidation processes.

D. Intercompany transactions can be processed for both open and closed periods.

E. Intercompany transactions are eliminated at the first common parent.

Correct Answer: A,B,E

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Oracle Hyperion Financial Management 11 Essentials (1Z1-532) Free Practice Test