hfm good interview Questions

download hfm good interview Questions

of 29

description

Oracle Hyperion Interview Questions for the first stage.

Transcript of hfm good interview Questions

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 HFMAns: 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 haveRules 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 earningsThrough 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 statementis afinancial statementthat shows how changes inbalance sheetaccounts and income affectcash 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 managementSelect specific entityConsolidation 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 caninclude theinputcurrency, 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 LIABILITY2.LIABILITY to ASSET3.EXPENSE to REVENUE4.REVENUE to EXPENSE5.BALANCE to FLOW6.FLOW to BALANCE

Switchtypeforflow:Specifies the account type change for FLOW accounts that use these rules:1.ASSET to EXPENSE2.EXPENSE to ASSET3.LIABILITY to REVENUE4.REVENUE to LIABILITY5.BALANCE to FLOW6.FLOW to BALANCE

37.What is ICP?Ans: TheInter companydimension represents allintercompanybalances that exist for an account. This isareserved 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-YesN-NoR- 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 ControlStart 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 usingdata formand gridAns: Using ICP Report.

51.What is HFM services you go to start?Ans: HFM- DME ListenerHyperion Foundation Open LDAPHyperion Foundation Shared Services - Web ApplicationHyperion Workspace- Agent ApplicationHyperion 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 andmetadata.

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 Consolidation2. Geographical Consolidation3. Consolidation by entity

Methods:1. Consolidate2. Consolidate all3. 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?BalancedUn BalancedBalanced by entity

21 Difference between them?Balanced:All the Debits and Credits will be balancedUnbalanced:Debits and Credits will not be balancedBalanced 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 dimensionTick the check box called IS ICP in account dimensionTick the check box called IS ICP in Entity dimensionLoad 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. InEurope, 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 cellOff White-An input cell. You can manually enter or edit data.Light Yellow-Locked or derived cellLight Gray Text-No write or Read access, or may be derived dataDark 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 dataDark Green-Read-onlyOrange-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 AdjsParent Currency AdjsParent AdjsContribution Adjs

35. Journal review Process:

1. Create journal2. Submit the journal3. Receive approval or Reject4. 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 up to and including 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 authentication2 Task securities3 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 meta-data.

40. How many Access Levels for Security Classes in HFM1 All2 Metadata3 Read4 Promote5 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 requirementsExample: 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. Year2. Period3. View46. 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 FilteringThis 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 attributesare 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,

CalculationTranslationConsolidationAllocationInputIcpNo InputDynamic

56) What is application profile, can we change application profile atAny 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 accountThe 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 entityfor 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 formulaPMIN = 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 automationCustom 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 ofa 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?Itindicates how the revenue(money received from thesaleof 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 intranslation 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 orCNNDit 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 CurrenciesHere 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 currencyDefault 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 whatcould 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 value2. Set value3. Get text4. Set text5. Hs currency6. Hs label7. Hs description8. 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 shoulduse data forms in some way. Example for this Balance sheet, Income statement.

84) How do you achieve closing process in HFM?

Load DataCalculate DataAdjust DataTranslate DataApprove DataLock dataRun 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

MemberDescription (English)Account typeIs CalculatedIs ConsolidatedIs IcpPlug AccountCustom 1 Top MemberCustom 2 Top MemberCustom 3 Top MemberCustom 4 Top MemberNum Decimal placesUse line itemsEnable Custom 1 aggregation weightEnable Custom 2 aggregation weightEnable Custom 3 aggregation weightEnable Custom 4 aggregation weightUser defined 1User defined 2User defined 3Security classIcp Top memberEnable data auditingDefault parent

94. What is the Entity dimension attributes?

MemberDescription (English)Default currencyAllow adjustmentsIs IcpAllow adjustments for childrenSecurity classUser defined 1User defined 2User defined 3Holding CompanySecurity as partnerDefault parent

95. What is the Scenario dimension attributes?

MemberDescription (English)Default FreqDefault View PeriodicZero view for Non adjustmentsZero view for adjustmentsConsolidated YTDUser defined 1User defined 2User defined 3Security classEnable data auditingSupport process managementMaximum review level 10Use line itemsDefault Freq for icp transactionsDefault parent

96. What is the Custom dimension attributes

MemberDescription (English)Switch sign for flowSwitch Type for flowUser defined 1User defined 2User defined 3Security classSubmission groupsDefault parent

97. What is the Currency dimension attributes?

CurrencyDescriptionScaleTranslation 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 cellOff White-An input cell. You can manually enter or edit data.Light Yellow-Locked or derived cellLight Gray Text-No write or Read access, or may be derived dataDark 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 dataDark Green-Read-onlyOrange-Invalid POV (Point of View) intersection

100. Differences between Data Form and Data Grid

Data FormData Grid

1. It is end user purpose/client1.It is a Group user purpose

2.we can Import and Export2. We can't Import and Export

3.We can restrict the POV3.We can't restrict the 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 option is not available

6.Transalation is not possible6.Transalation is possible

7.Calculations not possible7.Calculations are possible

8.We can done Scripting here8. Not Scripting option here.