Q1. EPMA provides a Shared Dimension Library for maintaining EPM dimensions. Identify two reasons that would make you consider using EPMA to maintain dimensions over FM Classic metadata files? 

A. You can use the same metadata file format from FM Classic to import dimensions In EPMA. 

B. Dimensions can be shared across applications or can be local to a specific application. 

C. In EPMA, you can make a change to a member in a shared dimension once and sync ft across FM and Planning applications. 

D. You can assign member access security in the EPMA dimension library for a shared dimension and sync it across FM and Planning applications. 

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Q2. Identify the three true statements about the Financial Management architecture. 

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. 

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Q3. How does the FM administrator manage the Intercompany Partner dimension? 

A. By selecting and deselecting the IsICP field on the entity member properties 

B. By selecting and deselecting the IsICP field on the account member properties 

C. It cannot be maintained by the administrator. FM automatically creates the ICP dimension to match all members in the Entity dimension. 

D. It cannot be maintained by the administrator. FM automatically creates the ICP dimension to match all members in the Account dimension. 

E. Using the Dimension editor in the same way as a custom dimension or Entity dimension 

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Q4. 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. 

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Q5. Assuming you are using HFM Version 11.1.1.3, 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. 

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Q6. 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. 

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Q7. 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 

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

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Q8. 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 

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Q9. 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. 

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Q10. 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. 

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