cost
of
compliance
and
deliver
confidence
in
the
numbers.
Prevent data entry for a specific cell in a specific entity, scenario and period.
Calculate data that cannot be calculated through a hierarchical aggregation such as ratios
or variance analysis.
Perform allocations from a parent entity to a list of base entities.
7. What is application profile, can we change application profile at any point of time?
Ans. An application profile contains language, calendar, frequency, and period information
for
an
Application. No,
application
profile
once
created,
cannot
be
changed.
individual
entities
(the
ones
that
have
the
impacted
status
of
course)
Consolidate All- will consolidate everything whether changed or not as if it has never run
before. It will also include in execution entities for which there is no data at all.
Consolidate All with data- will consolidate everything whether changed or not but it will skip
entities having no data.
13. What is cash flow statement?
Ans: Cash flow statement is a financial statement that shows how changes in balance
sheet accounts and income affect cash and cash equivalents, and breaks the analysis down
to operating, investing, and financing activities. Essentially, the cash flow statement is
concerned with the flow of cash in and out of the business.
Ans: A member list can be created and used for a variety of activities: data extracts, data
grids and Forms, rules, and filtering when selecting members. Member lists enable you to
specify a segment of information within a dimension.
25. What is Line ITEM detail in HFM? How to enter it?
Ans: Line Item details are additional information to the data. It is entered in the data file.
26. Can I display line item details in any report?
Ans: No
27. What are the differences between data grid and data form?
Ans: (a.) POV is not restricted in data grids & POV is restricted in data forms.
(b.) We can print the form in data form but we dont have it in data grid.
(c.) We can export the data form to the excel file and import file and we can bring back
the changes to the DB. This is called offline working on data forms.
28. How do you achieve closing process in HFM?
Ans: We are going to handle through process management.
29. Where is data stored in HFM?
Ans: RDMBS.
30. How do you take backup of HFM applications?
Ans: Using copy in utilities. This is available under HFM utilities. We can copy everything
except data.
31. How do you migrate HFM application from one environment to another?
Ans: Using copy application in utility or LCM (Life cycle management).
32. How
to
set
dimensions
in
HFM?
Ans: We are not going to set dimensions till 11.1.2.1 version. We have 12 standard
dimensions.
33. How many types of account?
Ans: There are 10 account types- Asset, liability, revenue, expense, balance, balance
recurring, flow, dynamic, group label, currency rate.
34. What is mean value dimension?
Ans: The Value dimension represents the types of values stored in your application, and
can include the input currency, parent currency, adjustments, and consolidation detail such
as proportion,Elimination, and contribution detail.
ASSET to LIABILITY
2.
LIABILITY to ASSET
3.
EXPENSE to REVENUE
4.
REVENUE to EXPENSE
5.
BALANCE to FLOW
6.
FLOW to BALANCE
Switchtypeforflow:
Specifies the account type change for FLOW accounts that use these rules:
1.
ASSET to EXPENSE
2.
EXPENSE to ASSET
3.
LIABILITY to REVENUE
4.
REVENUE to LIABILITY
5.
BALANCE to FLOW
6.
FLOW to BALANCE
Select Hyperion > Connection Manager. For Office 2007, click Connect in the Connections
section of the Hyperion ribbon.
2. Connecting to a Data Source 372 In Connection Manager, select the data source to which
you want to connect and click Connect.
3.
In the Connect to Data Source dialog box, enter the user name and password for the data
source.
4.
Click Connect.
5.
1.
The client tier contains the user interface and the ability to communicate with the
application tier. You can display data and metadata, enter data, and maintain metadata in
this tier.
2.
On the Web server tier, you access the Web-enabled portions of Financial Management.
3.
The middle tier contains the domain intelligence and connections to the relational database.
4.
The data tier contains the relational database and all Financial Management data and
metadata.
You have arrived and are greeted by the individual at the front desk. When the interviewee comes out to meet
you, introduce yourself. Thank your contact for his or her willingness to meet with you, and re-emphasize that you
are there to learn and gather information about his or her career field. Use an informal dialogue during the
interview.
Below are some typical informational-interview questions. Remember that you won't have time to ask
anywhere nearly all of these questions, so target the ones you feel will be most useful to you personally. Pick
a dozen or so that get at what you most want to know.
9. What is Translation?
It is Currency translation happens when a parent entity's default currency is different from a
child entity's default currency. Runs when you choose Translate or Consolidate.
10. What is Adjustment?
Adjustment is to correct the data. It is done by Journals at value dimension member Entity
currency Adjs and Parent curr Adjs.
11. What is the difference between consolidate, consolidate all and consolidate all with the
data?
Consolidate: only entities that require logic or consolidation are updated by the system.
Consolidate All with Data: option is available for any parent entity regardless of its status.
NODATA are skipped.
Consolidate all: any Parent entity regardless of its status. NODATA are also consolidated.
12. How can you cancel consolidation?
HFM Web client -> Administration -> running Tasks -> click on the Red button
13. What is ICP?
The Intercompany Partnership Dimension provides an efficient way to identify , report, and
reconcile intercompany account differences. With the ability to view detail transaction at any
time, you can reconcile intercompany account differences frequently and thus minimize their
impact on the closing cycle.
14. You are not able to load ICP transactions. What is the Reason?
Cause: IC Period is not opened.
Expand Tasks and select IC Transaction Tasks. Select Manage IC Periods. From the
Scenario drop-down list, select a scenario for the period. From the Year drop-down list,
select a year for the period. Select the check box next to each period that you want to open.
15. What is LCM utility?
LCM means Life cycle management which is in shared services.
It is used to migrate configuration and artifacts.
(Note: we cannot migrate data with
LCM)
16. What is Tolerance amount?
Tolerance amount is small discrepancies in the amounts in Intercompany Transactions.
17. What are the types of consolidation and methods of consolidation?
Types:
1. Legal Consolidation
2. Geographical Consolidation
3. Consolidation by entity
Methods:
1. Consolidate
2. Consolidate all
3. Consolidate all with data
18. What is the difference between switch sign for and switch type for and in which
dimension it exists?
It exists in custom dimension
Switch sign for: It is ticked to change
ASSET to LIABILITY
LIABILITY to ASSET
EXPENSE to REVENUE
REVENUE to EXPENSE
Switch type for: It is ticked to change
ASSET to EXPENSE
EXPENSE to ASSET
LIABILITY to REVENUE
REVENUE to LIABILITY
BALANCE to FLOW
FLOW to BALANCE
19. What is dynamic member list?
As dimension members are added and deleted, the dynamic member list automatically
reflects the changes by reapplying the user-defined criteria.
20. What are the balance types of Journals?
Balanced
Un Balanced
Balanced by entity
21 Difference between them?
Balanced: All the Debits and Credits will be balanced
Unbalanced: Debits and Credits will not be balanced
Balanced by entity: Debits and Credits for particular entity will be balanced
In value dimension, there are two type of members one is system defined which you find in
brackets and another one is user defined, whenever we define a currency the system will
automatically creates 3 value dimensions based on one particular currency enter by the
user.
If you observe here USD, based on USD system will create USD, USD adj, USD total. this
is equal-ant to entity currency, entity currency adj, entity currency total. entity currency adj
for adjustments like journals and entity currency total = entity currency - entity currency adj.
4. Post journal
36. What is node security?
By giving node security we can restrict user for seeing the value dimension members
IF you set node security as parent only the members of the value dimension from <Entity
Currency>up to and including <Parent Curr Total> are visible.
If you set node security as Entity, all members of the value dimension would be visible
37. How many level of security in HFM?
1 User authentication
2 Task securities
3 Document securities (Data grids and forms, journals, reports)
4 Data security
If you observe in above screen if we check include Half years, Include Quarters, Include
months, the system will generate the period dimension members as well as view dimension
members like YTD,HYTD,QTD,MTD and also 12 periods will be created automatically. And
in the bottom based on the staring year and number of years the system will create the Year
dimension members.
So 3 dimension members View, Period, Year will be created by the system and remaining
dimension members will be created by the consultants.
because of this reason you can not able to see these 3 dimensions under manage metadata.
40. How many Access Levels for Security Classes in HFM
1 All
2 Metadata
3 Read
4 Promote
5 None
41. what is good will ?
Goodwill in financial statements arises when a company is purchased for more than the fair
value of the identifi able net assets of the company. The difference between the purchase
price and the sum of the fair value of the net assets is by definition the value of the
"goodwill" of the purchased company. The acquiring company must recognize goodwill as
an asset in its financial statements and present it as a separate line item on the balance
sheet
42. what is COA?
COA is nothing but chart of accounts, what ever the members we will define under the
account dimension will be called some times chart of accounts (COA)
43. What are the types of the reports used in your project. what does each report contain in
brief?
Reports are not specific it will be created as per client requirements
Example: Forecast book, Audit book in each book almost balance sheet, income statement,
cash flow statements will be there.
44. How many instances have you used in your project?
Environment like Development, testing , production
45. We should not give the security for the below 3 Dimensions (We can give remaining 9
dimensions)
1.
Year
2.
Period
3.
View
Data is stored at the cells formed by the intersection of the members of the different
dimension members in the sub cube. All aggregations and calculations are performed on
data in sub cubes retrieved into RAM on the application server
And I hope the data also be available in the database server.
51. How do you retrieve data for your project/applications?
Financial Management retrieves data from the Financial Management database in blocks
called sub cubes.
See the below for your reference.
The mode of retrieving will be through data forms, data grids or smart view.
In smart view we will use HS.Get function to retrieve the data.
55) What are the rules used for? How many rules an application can have?
Rules is one of the area which makes HFM application more flexible with the custom
procedures or consolidation etc.,
we have 8 subroutines in rules, and under each subroutine there will number of functions
which makes rules simplify,
Calculation
Translation
Consolidation
Allocation
Input
Icp
No Input
Dynamic
56) What is application profile, can we change application profile at
Any point of time?
An application profile contains language, calendar, frequency, and period information for an
application. You can use a profile for more than one application. For each application that
you create, you must specify an application profile.
You can not modify the application profile once it was created.
Use PVA for Flow Accounts: When you are using Average rate for Flow accounts, in normal
practice we will select this option for Flow accounts (i.e. Income statement)
Step 4: Once we finish these steps we will enter the currency exchange rates by using flat
file or web form.
Normally People from client side will do this activity by entering in web form or data file.
75) what are the combination to enter exchange rates?
You can take the base currency in custom 1 and translated currency in custom 2 and you
can give the exchange rates. see below for your reference.
82) What is the difference between data grids and data forms?
There are so many things, please refer your note book.
83) Have you used data forms give me some example?
For data entry in to the HFM every client should use data forms in some way. Example for
this Balance sheet, Income statement.
84) How do you achieve closing process in HFM?
Load Data
Calculate Data
Adjust Data
Translate Data
Approve Data
Lock data
Run and Publish
85) Where is data store in HFM?
Data is stored at the cells formed by the intersection of the members of the different
Dimension members in the sub-cube
86) How do you take back up of a HFM application?
Normal practice is copy application, back up of security, meta-data, data etc.,
87. The data is exported to smart view in excel but the cells are showing zeros what could
be the reason?
This is because of the Zero view adjustments and Zero view non-adjustments in scenario
dimension meta-data attributes.
88.What are the system messages??? Tell me some error messages?
You can retrieve, view, print, and delete system messages for Financial Management. You
can retrieve system messages by date, server name, and application name. System
messages remain in the log until you delete them. The system messages module is
available only in the Web user interface
If a user doesn't have a proper access for a particular entity if he is repeating the same
action, then an error will come in system messages "you dont have a proper rights to
perform this action".
89. What are the Error code 502? Or 400 some thing?
A 502 error is Internal Server error. Your web server will return that HTTP Response when
the program running terminates abnormally/returns an unhandled exception.
A 404 error (probably it may be 400 error) is a file not found error that occurs when the Web
Server receives a HTTP GET request for a file that does not exist on the server in the path
specified. Usually occurs when a web.
90. WHAT is Statutory Hierarchy?
Statutory hierarchy means which fits for Legal requirement to submit the accounts of a
company.
91. WHAT is Managerial Hierarchy?
Managerial hierarchy is for higher management it will gives you in-depth analysis for
different areas.
92. RESPONSIBILITIES of Migration?
The main thing you need to do after performing the migration is we have to check all the
functionality in the application like, loading, extracting data, journals etc., like this we need
to prepare a checklist and have to confirm every function is working perfectly.
Default parent
95. What is the Scenario dimension attributes?
Member
Description (English)
Default Freq
Default View Periodic
Zero view for Non adjustments
Zero view for adjustments
Consolidated
YTD
User defined 1
User defined 2
User defined 3
Security class
Enable data auditing
Support process management
Maximum review level 10
Use line items
Default Freq for icp transactions
Default parent
96. What is the Custom dimension attributes
Member
Description (English)
Switch sign for flow
Switch Type for flow
User defined 1
User defined 2
User defined 3
Security class
Submission groups
Default parent
97. What is the Currency dimension attributes?
Currency
Description
Scale
Translation operator
D,M(% ,*)
Display in ICT
98. Which Ticketing tool is used in your support project?
Remedy, Lotus, Service now (Please tell any one)
99. How do Different Cell Colors indicate in HFM? (Ask any specific color)?
Blue- Header cell
Off White -An input cell. You can manually enter or edit data.
Light Yellow -Locked or derived cell
Light Gray Text -No write or Read access, or may be derived data
Dark Yellow-Indicates one of these conditions:
Cell data has been modified but has not been saved
The input status is OK, but the status of the adjustment is not OK
(CH, CN, or TR)
Light Green -Allows allocations and derived data
Dark Green -Read-only
Orange -Invalid POV (Point of View) intersection
Data Grid
1.It is a
purpose
2. We can't
Export
3.We
POV
5.Linking
available
6.Transalation is possible
7.Calculations
possible
Group
can't
user
Import and
restrict
option
is
the
not
are