hfm good interview Questions

Hemanth Kumar Hemanth  Hyperion Financial Management Interview Questions &   Answers 1. What is HFM? Ans: An s: Ora Oracle cle Hy Hyper perion ion Fin Financ ancial ial Man Manage agemen mentt is a fin financ ancial ial con consol solida idatio tion n and rep report orting ing application built with adanced Web technology. technology. !t proides financial managers the ability to rapidly consolidate and report financial results" meet global regulatory re#uirements" reduce the

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$. How many standard dimensions are there in HFM? Ans. %here are 1$ standard dimensions in HFM. &. How do you create members in HFM? Ans: 'sing manage metadata" we create child or sibling. (. How do you create !)* members in HFM? Ans: !)* members are not created by us directly. !n Account+,ntity dimension" if we chec!s!)*" then the system will consider the member as an !)* member. . ,/plain about ,nity curr ad0 member in HFM Ans: We gie entity currency ad0ustments to *O when we are loading 0ournals. 2. What are rules used for? How many rules an application can hae? Ans. An s. 3u 3ule les s ar are e us used ed to au auto toma mate te th the e ca calc lcul ulat atio ions ns of da data ta wi with thin in an ap appl plic icat atio ion. n. An application can hae •

3ules are used to: )alculate data entry leel amounts for a specific entity" scenario scenario and period.

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*reent data entry for a specific cell in a specific entity" scenario scenario and period.

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Allow input at the parent entity leel.

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)alculate data that cannot be calculated through a hierarchical aggregation such as ratios

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or ariance analysis. *erform allocations allocations from a parent entity to a list of base entities. *erform *er form compl comple/ e/ curr currency ency con conersio ersions" ns" calc calculat ulate e e/ch e/change ange rat rate e diffe differenc rences es or perf perform orm other calculations necessary for your consolidation. 4efine formulas to dynamically calculate accounts. 5pecify the accounts in the application that support intercompany transactions. transactions.

6. What is application profile" can we change application profile at any point of time? Ans. An application profile contains language" calendar" fre#uency" and period information forr fo

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8. What are custom top members? )ustom top member is a member of Account 4imension" where we hae to mention which top member in the hierarchy of a custom dimension is alid for the account. Only the specified member" including all descendants" is alid for the account. 9. What 9.  What is the 7ode security? Ans: 7ode security is a member in Application 5ettings. %here are $ parameters entity leel+parent leel. !f we mention entity leel. 5ecurity is gien at the node leel. !f we mention parent leel" security is gien at parent leel ;including its children