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Hemanth Kumar

Hyperion Financial Management Interview Questions &


Answers
1. What is HFM?
Ans: Oracle Hyperion Financial Management is a financial consolidation and reporting
application built with advanced Web technology. It provides financial managers the ability to
rapidly consolidate and report financial results, meet global regulatory requirements, reduce
the

cost

of

compliance

and

deliver

confidence

in

the

numbers.

2. How many standard dimensions are there in HFM?


Ans. There are 12 standard dimensions in HFM.
3. How do you create members in HFM?
Ans: Using manage metadata, we create child or sibling.
4. How do you create ICP members in HFM?
Ans: ICP members are not created by us directly. In Account/Entity dimension, if we check
IsICP, then the system will consider the member as an ICP member.
5. Explain about Enity curr adj member in HFM
Ans: We give entity currency adjustments to POV when we are loading journals.
6. What are rules used for? How many rules an application can have?
Ans. Rules are used to automate the calculations of data within an application. An
application can have

Rules are used to:


Calculate data entry level amounts for a specific entity, scenario and period.

Prevent data entry for a specific cell in a specific entity, scenario and period.

Allow input at the parent entity level.

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.

Perform complex currency conversions, calculate exchange rate differences or perform

other calculations necessary for your consolidation.


Define formulas to dynamically calculate accounts.

Specify the accounts in the application that support intercompany transactions.

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.

8. What are custom top members?


Custom top member is a member of Account Dimension, where we have to mention which
top member in the hierarchy of a custom dimension is valid for the account. Only the
specified member, including all descendants, is valid for the account.
9. What is the Node security?
Ans: Node security is a member in Application Settings. There are 2 parameters- entity
level/parent level. If we mention entity level. Security is given at the node level. If we
mention parent level, security is given at parent level (including its children).
10. What is data audit in HFM?
Ans: Data audit feature is used to view data changes performed by users. We can filter the
data changes by date range, application server, user and the dimension members of cells.
(EnableDataAudit metadata attribute is available in Scenario and Account dimensions.)
11. How to get Prior year retained earnings Through History data?
Ans: We need to write a rule for it.
12. What are different ways of running consolidation in HFM?
Consolidate- will consolidate only what has changed from the previous execution of
consolidation, including the execution of all necessary calculations and currency translations
for

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.

14. What does an income statement contain (Rough outline)?


Ans: It is a financial statement that measures a companys financial performance over a
specific accounting period.
15. What does a balance sheet contain?
Ans: A balance sheet is a financial statement that summarizes a companys assets, liabilities
& shareholders equity at a specific point of time.
16. Can I use any other rates other than avg_rate and EOM_rate in translation in HFM?
Ans: Yes, we can use historical rate. We can use historical rate to convert some assets to
historical value.
17. What is the minimum role to be given to a user to access HFM?
Ans: Default or view access.
18. Where do you give roles to user?
Ans: In Shared Services.
19. How do we know whether consolidation has been run for a particular entity or not in a
particular month?
Ans: Go to process management Select specific entity Consolidation Yes or No.
20. What are the combinations to enter exchange rates?
Ans: From customer 1 and customer 2, there is a system defined member list called
currency. So, in customer 1, we are going to have source currency and in customer 2, we
have destination currency.
21. I dont want an account to get translated, what account type should be used?
Ans: There is no relation between account type and translation.
22. Child entities have data, but there is no data in parent entity? What could be the
reason?
Ans: Parent account type is Group Label
23. Not able to create journals for an entity, what options do you check?
Ans: Allow adjs is enabled or not.
24. What are member lists? Have you used any?

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.

35. Where is the translation done?


Ans: Translations can be done in data grid, data forms and at process management level.
36. What is meant by switchsignflow and swiitchsigntype?
Ans:
Switchsignforflow:
Specifies sign change (Debit or Credit) for FLOW accounts that use these rules:
1.

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

37. What is ICP?


Ans: The Inter company dimension represents all intercompany balances that exist for an
account. This is a reserved dimension that is used in combination with the Account
dimension and any custom dimension.
38. How to setup ICP? Y means what? N means what? R means what?
Ans: In account/entity dimension, we have an attribute list as IsICP.
Y-Yes
N-No
R- Yes AND the entity cannot use itself as ICP.
39. What is meant by plug account?
Ans: The plug account specifies the account name used for identifying discrepancies in
intercompany transactions. The Plug Acct attribute is required when the IsICP attribute for
the account is selected. It must be blank or the name of a valid account. If blank,
intercompany eliminations for the account are not processed.

40. How many types of rule?


Ans: There are 8 types of rules- Calculate, Translate, Consolidate, Allocation, Input, No
Input, Dynamic, Transactions.
41. What is meant by review process in HFM?
Ans: Process management is otherwise called as review process.
42. How to enable process management in HFM?
Ans: Goto Process Control Start Process management.
43. Define period dimension?
Ans: The Period dimension represents time periods, such as quarters and months. It
contains time periods and frequencies by displaying the time periods in a hierarchy.
44. How to enable data audit?
Ans: We can enable data audit by checking enable data audit attribute in account and
scenario dimension.
45. Explain organization by period?
Ans: Organisation by period will allow you to maintain the hierarchies for different roll ups.
46. If entity x currency Euro, and entity y- currency USD, means to see in dataform,
which dimension is set in POV?
Ans: Value & entity dimension.
47. What value dimension set for journal entry?
Ans: Entity currency adjustment
48. Write a rule to enter value for particular account?
Ans: We need to write input rule.
49. If we create user for journals, then user can post journal, suppose user can do unpost
for journal?
Ans: Yes, only if the user has admin access.
50 . How can we see the icp without using data form and grid
Ans: Using ICP Report.
51. What is HFM services you go to start?
Ans: HFM- DME Listener
Hyperion Foundation Open LDAP
Hyperion Foundation Shared Services - Web Application

Hyperion Workspace- Agent Application


Hyperion Workspace- Web Application
52. What is meant by validation rule and how to set?
Validation rules define the validation rule group. The rule table comprises of Display Value,
Description, Rule Name, Rule Text, Type, Category, Seq and Rule Logic.
Validation Rule Group-It contains a set of administrator defined rules that perform checks
and balances against the target system.
53. How to connect the source with smartview?
Ans: We can connect to any data source listed in Connection Manager. Connecting to a data
source enables you to retrieve data into Excel.
To connect to a data source:
1.

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.

Click Close to close Connection Manager.


54. HFM architecture?
Financial Management is designed to operate as a multi tier system.

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.

Hyperion Financial Management Interview Questions & Answers Part-2


Questions to Ask at the Informational Interview

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.

1. What is a Recurring Journal?


Some Journals we use repeatedly. So, for that purpose, we will create recurring templates.
By using the recurring templates, we will create recurring Journals.
2. What is an Auto Reversing Journal?
If we create a journal as Auto Reversing Journal, the journal will post in the next period by
reversing the Debit and Credit.
3. How will you perform Currency Translations?
First we have to create/define all the currencies in the Meta Data Item called currencies.
Then we have to perform currency translations in Explore data module by using custom
dimensions and value dimension.
4. How will you perform Review Process?
To perform Review process, we should have the Review Supervisor Security authority. In
Explore Data Module, we will perform Process Management.
5. Sometimes, we cannot post a Journal. What will be the Reason?
In Entity Dimension, we should check the allow adjustment property. And the period in
which we created the journal should be kept open. And we should have the security
authority to create journals.
6. What is Consolidation?
Consolidation is aggregating the Base level entities amounts with the Parent level entities
amounts.
7. How do we Migrate application from server to server?
We migrate application with copy application utility. Another way of migrating application
is traditional way that is extract all required files from development and load same files in
production

8. How do you enable Rules to customize consolidation?


Application Settings -> consolidation Rules -> Y

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

22. What is data lock?


A user-controlled mechanism that prevents changes to data according to specified criteria,
such as period or scenario
23. How do you lock the data?
Select Lock/Unlock IC Entities and Select Scenario, period year and click lock
24. How do you eliminate intercompany transactions?
Intercompany transactions are eliminated through plug account.
Steps:
Create plug account in account dimension
Tick the check box called IS ICP in account dimension
Tick the check box called IS ICP in Entity dimension
Load the ICP rule file.
Then automatically the difference between the Intercompany transactions will be transferred
to plug account
25. What is triangulation?
A means of converting balances from one currency to another via a third common currency.
In Europe, this is the euro for member countries. For example, to convert from French franc
to Italian lira, the common currency is defined as European euro. Therefore, in order to
convert balances from French franc to Italian lira, balances are converted from French franc
to European euro
Triangulation means doing translation from source currency to any currency other than
destination currency.
Example:
If u have USD, EURO & YEN our source currency is USD & destination currency is YEN if u
want to translate from USD to EURO, system will translate first from USD to YEN & then
YEN to EURO in reverse manner.

26. Services dependency means?


Hyperion is dependent on services. Means services are to be started in a specified
sequence only

27. How do you load the data into HFM?


HFM directly cannot take the data from ERP packages. So the data should be downloaded
from ERP and loaded into Upstream tool like FDM and ODI etc. Then it should be mapped
with HFM. And then load that into HFM.

28. What is HFM ARCHITECTURE?


Hyperion Financial Management is designed to operate as a multi tier system.
Client tier:
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.
Web tier:
The Web server tier contains the Web server. You can access the Web-enabled portions of
Hyperion Financial Management in this tier. The Hyperion Financial Management Web
client contains all functionality available in the Windows client with the exception of security
administration.
Middle tier:
The middle tier contains the domain intelligence and connections to the relational
database.
Database tier:
The data tier contains the relational database and all Hyperion Financial Management
data and metadata.
29. How many Account types in HFM?
We have 10 Account types in HFM (Please refer Account dimension in Metadata)
30. 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

31. about consolidation process in HFM?

32. What are the dimensions in HFM?


Total we have 12 dimensions in HFM, 8 standard dimensions and 4 custom dimensions up
11.1.121 Version
8 Standard dimensions

4 Custom dimensions names are not standard.


33. About the Value Dimension.?

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.

34. How many types of adjustments we can post.?


In HFM we have:
Entity Currency Adjs
Parent Currency Adjs
Parent Adjs
Contribution Adjs

35. Journal review Process:


1. Create journal
2. Submit the journal
3. Receive approval or Reject

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

38. How many plug accounts we can create?


In HFM, we can create number of plug accounts, but based on requirement we will create
the plug accounts for elimination process.
39. How many dimensions are system defined and how many dimensions are user defined
and what are they?
At the time of application profile creation, based the data enter by us...

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

46. what is Hyperion Life Cycle management(LCM)?


Lifecycle management is a component of Shared Services that provides a mechanism of
moving artifacts for example copying of web data entry forms from one application to
another.
In prior versions (prior to 11 versions) items required extracting and loading. The ability to
use Lifecycle Management is controlled via a unique role for which the user must be
provisioned
Please see the below screen for you reference.

47. Explain about member attributes?


Member attributes are differed from dimension to dimension; every dimension member will
be having importance to their respective areas
48. What is alternative hierarchy?
For different reporting purposes we will create alternative hierarchies, in alternate hierarchy
one member can be shared by more than one parent, but the default parent will be only
one.

49. Enable Metadata Security Filtering


This setting specifies whether users of an application see all dimension members or only
those to which they have access. (Means we can see the metadata particular entity only
which we have right)

50. Where is HFM data available?

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.

52) HOW do you create members list in HFM?


Member list we can write with the function called list and we will save with extension .lst,
once you uploaded the member list you can select the member in a particular POV working
with different areas like journals, ICP etc., we can also create our own custom member list
for different purposes.

53) How do you create ICP member in HFM?


Following are system defined members for ICP dimension.
[ICP Top] Specifies the top intercompany member

[ICP None] Specifies that no intercompany member is used


[ICP Entities] Specifies the entities that are designated for intercompany transactions
The System will automatically creates a ICP member when you select the IsICP attribute,
see the below for your reference.
When you create an application, Intercompany Partner members are automatically created
for the application. An ICP member is created for each Entity member for which the IsICP
attribute is selected.
Note:
You can modify only the description and security class for ICP members. All other attributes
are predefined and cannot be modified
54) EXPLAIN about Entity Curr adj member in HFM?
Basically value dimension members are inter-related with so many areas in HFM, but in
brief talking about Entity Curr Adj you can make any adjustments using journals into this
particular value dimension, here you can perform caluclate and posting journals.

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.

57) what are custom top members?


The Custom top member for the account
The specified member, including all descendants, is valid for the account
58) WHAT is the node security if we put the yes or no in the node security what will happen?
(In entity scenario)
We can choose a parent or an entity for node security, if you select either of one.
Then you will be able to see the value dimension members which upper to parent Curr adj,
normally up to parent curr adj we can able to see without node security.
59) What is data audit in HFM?
You can use the Data Audit feature to view data changes performed by users. You can filter
the data changes by date range, application server, user, and the dimension members of
cells.
You can audit Scenario and Account members by setting the Enable Data Audit metadata
attribute to Y for the scenarios and accounts to audit. To turn off auditing of Scenario and
Account members, change the Enable Data Audit attribute to N.
60) what is minority interest in HFM?
Relates to ownership management, it will arrived by the formula
PMIN = PCON-POWN
Percent of minority interest is equal to Percent of consolidation minus percent ownership.
61) How to get prior year retained earnings?
By using rules we can achieve it
62) explain some rules you have used in your project?
Can say consolidation, calculation, ICP etc.,
63) what are different ways of running consolidation in HFM?
Manual consolidation by using grids.
Consolidation using task automation
Custom consolidation by using rules.

64. Organization by Period: New Entity exist (Consolidated or not)

65) What does a balance sheet contain?


In financial accounting, a balance sheet is a summary of the financial balances of a
company. Assets, liabilities and ownership equity are listed as of a specific date, such as the
end of its financial year.
66) What does an income statement contain rough outline?
It indicates how the revenue (money received from the sale of products and services before
expenses are taken out) is transformed into the net income (the result after all revenues and
expenses have been accounted for. It displays the revenues recognized for a specific
period, and the cost and expenses charged against these revenues, including write-offs
(e.g., depreciation and amortization of various assets) and taxes. The purpose of the
income statement is to show managers and investors whether the company made or lost
money during the period being reported.
67) Give me some report names that you have created in project?
You can say Actual book, budget book, forecast book etc.,
68) Can in use any other rates other than avg- rate and EOM (Ending Of Month)- rate in
translation in HFM?
Consultant is not the one who decides to take either avg-rate of EOM rate, client will decide
it time to time.
69. Icp Entity aggregation weight: consolidated purpose (put 1 means 100%)
70) What is the minimum to role to be given to a user to access HFM?
Default
71) Where do you give roles to users?
In shared services under the provisions.
72) How do you know whether the consolidation has been done for a particular entity or not
in a particular month?
If you select a data grid for that particular entity, change the display options to calculation
status there if you found CN or CN ND it means that that entity needs consolidation
73) Can we load data in multiple currencies per entity?
You cannot load multiple currencies to one entity, because in attributes you can give only
one currency in Def Currency
74) At what rate accounts will get translated and how you tell (or define) in the system?

Step1: we have to define the currencies in metadata under the Currencies


Here what are the currencies you will define it will be automatically stored under Custom 1
and Custom 2 under Currencies system generated member.
Here the currencies will have a relationship with value dimension
After you load metadata, Financial Management automatically creates three Value
dimension members for each currency in your application: Currency Name, Currency Name
Adjs, and Currency Name Total, where Currency Name is the currency label. For example,
for a currency of USD, Financial Management creates the following Value dimension
members: USD, USD Adjs, and USD Total.
Step 2: In entity dimension attributes we have to give the default currency for that particular
entity.
By giving this whenever you select the entity currency in value dimension whatever the
currency we have given the default currency it will execute that.
For example if you are looking for a form or report of the country US as we all know the
currency for US is USD, here we can see the report in two ways in value dimension, either
you have to select the currency USD or you have to select the entity currency when you
select the entity currency it will take the default currency from the entity (in this case we
will give the default currency from entity as USD) in both cases the result will be same. So
here whenever you dont know the entity currency the value dimension member entity
currency will help us to see the report in the local currency.
Step 3: Application setting with regards to currency
Default Currency: this means the ultimate parent currency in which we will generate the
final reports.
Default Rate for Balance Accounts: For Balance sheet accounts we have to mention the
default rate whether its closing rate or average rate (we need to create an account for
average and closing rates)
Default Rate for Flow Accounts: For flow accounts (i.e., Income statement) we have to
mention the default rate whether its closing rate or average rate (we need to create an
account for average and closing rates)
Use PVA for Balance Accounts: Normally we will not select this for balance sheet accounts,
because we will use closing rate for balance sheet accounts

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.

76. Custom aggregation weight:


In Node attribute (put 1 Means 100% consolidated)
77) Child entities have data but there is no data in parent entity what
could be the reason?
Probably consolidation may not happen at that particular point of time.
78) Not able to create journals for an entity what option do u check?
Allow Adj in entity dimension
79. Scenario: Zero view adjustments and Zero view Non adjustments
80) What is line item detail in HFM how to enter it?
If you select "Use line items" attribute in account dimension for a particular account you can
do this.
for example in admin expenses you have different departments like sales, purchases, HR.
you can enter 3 line items in account admin expense in grid.

81. What is the Functions of Smart view?


1. Get value
2. Set value
3. Get text
4. Set text
5. Hs currency
6. Hs label
7. Hs description
8. Hs group

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.

93. What is the Account dimension attributes


Member
Description (English)
Account type
Is Calculated
Is Consolidated
Is Icp
Plug Account
Custom 1 Top Member
Custom 2 Top Member
Custom 3 Top Member
Custom 4 Top Member
Num Decimal places
Use line items
Enable Custom 1 aggregation weight
Enable Custom 2 aggregation weight
Enable Custom 3 aggregation weight
Enable Custom 4 aggregation weight
User defined 1
User defined 2
User defined 3
Security class
Icp Top member
Enable data auditing
Default parent
94. What is the Entity dimension attributes?
Member
Description (English)
Default currency
Allow adjustments
Is Icp
Allow adjustments for children
Security class
User defined 1
User defined 2
User defined 3
Holding Company
Security as partner

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

100. Differences between Data Form and Data Grid


Data Form

Data Grid

1. It is end user purpose/client

1.It is a
purpose

2.we can Import and Export

2. We can't
Export

3.We can restrict the POV

3.We
POV

4.We can select the Excel (Smart


View)

4. No selection for Data


Grid.

5. We can link one form to


another form.

5.Linking
available

6.Transalation is not possible

6.Transalation is possible

7.Calculations not possible

7.Calculations
possible

8.We can done Scripting here

8. Not Scripting option


here.

Group

can't

user

Import and
restrict

option

is

the

not

are

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