Down to date Oracle 1Z0-532 - An Overview 21 to 30

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Q21. Assuming you are using HFM Version, identify the three true statements about Calculation Manager. 

A. FMRulesMigrator.exe will migrate VB scripts into business rules in Calculation Manager. 

B. There is no utility to migrate VB script rules to Calculation Manager. 

C. In Calculation Manager, you can toggle back and forth between the graphical and script mode. 

D. In Calculation Manager, you can create one script that can execute against both a Financial Management application and Planning application. 

E. To use a business rule, you must validate and deploy the business rule. 

Answer: ACD 

Q22. 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. 

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. 

Answer: BD 

Q23. You need to track and report an additional level of detail for journal entries, tracking whether the adjustment came from the GL, legal, or other source. Identify the best method to meet this requirement. 

A. It is not possible to track additional levels of detail in journals. 

B. Build a custom dimension to capture the additional level of detail. 

C. Build subaccounts in the Accounts dimension to capture the additional level of detail. 

D. Use commentary to note the sources of journals. 

E. Use line item details. 


Q24. 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. 

Answer: ABD 

Q25. 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. 

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. 

Answer: BC 

Q26. 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. 

Answer: ABC 

Q27. You need to migrate an FM application in version 11 from development to production. Your environment has two instances of Shared Services, one for development and one for production. Identify the two true statements about using Life Cycle Management to perform the application migration from development to production within this environment. 

A. You can select specific objects to migrate or all objects to migrate. 

B. Migrating applications from development to production in disconnected environments, where there are two instances of Shared Services, is not supported. 

C. Life Cycle Management will migrate both objects and data. 

D. Life Cycle Management will generate an XML file that can be modified and used for importing to target applications. 

E. The only role necessary to perform LCM activities is Application Administrator. 

Answer: AD 

Q28. 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 

D. The Task Audit page 

E. Line item details 


Q29. A custom function in rules is useful for: 

A. Organizing rules into subsets of code 

B. Controlling the ending of an If/Then 

C. Writing code that will be repeated in multiple places 

D. Defining conjunctions to be used along with variables 

E. Custom functions are not possible in FM, 


Q30. In addition to Sub translate routine, which two application settings are also used for translate? 

A. DefaultRateForICPAccounts 

B. DefaultRateForBalanceAccounts 

C. DefaultRateForExpenseAccounts 

D. DefaultRateForFlowAccounts 

Answer: BD 

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