Bn 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 8 fixed 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.

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 relating to 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.

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.)

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.

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 company’s financial performance over a
specific accounting period.

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.

15. What does a balance sheet contain?

Ans: A balance sheet is a financial statement that summarizes a company’s assets,
liabilities & shareholder’s equity at a specific point of time, such as the end of its
financial year.
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 under the provisions.

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.

Or

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

20. What are the combinations to enter exchange rates?

Ans: From custom 1 and custom 2, there is a system defined member list called
currency. So, in custom 1, we are going to have source currency and in custom 2, we
have destination currency.

21. I don’t 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’

Or

Probably consolidation may not happen at that particular point of time

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 detail are additional information to the data. It is entered in the data file.
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. 

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 don’t 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.

Load Data
Calculate Data
Adjust Data
Translate Data
Approve Data
Lock data
Run and Publish
 29. Where is data stored in HFM?
Ans: RDBMS.

30. How do you take backup of HFM applications?

Ans: Using copyapp in utilities. This is available under HFM utilities.

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 Intercompany 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.

45. Explain organization by period?

Ans: Organisation by period will allow you to maintain the hierarchies for different roll
ups.

Application Settings -> If any New Entity or Entities exists in the future at that point that newly
added entities will be going to participated in the Consolidation or not.
IF Organization by Period options select as “Y” those will be participated in the Consolidation process.

IF Organization by Period options select as “N” those will be not participated in the Consolidation
process.

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 dataform 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 smart view?

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.

Hyperion Financial Management Interview Questions &

Answers
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

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-
ee vdown 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

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?

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 meta-data.

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 identifiable  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, whatever the members we will define under the account
dimension will be called sometimes 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 create 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 calculate 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
Elimination
No Input
Dynamic

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 a 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.

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.

62) explain some rules you have used in your project?

Can say consolidation, calculation, ICP etc.,

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

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 fro entity as
USD”) in both cases the result will be same. So here whenever you don’t 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 it’s 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 it’s 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)

79. Scenario: Zero view adjustments and Zero view Non adjustments

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
2.we can Import and Export
3.We can restrict the POV
4.We can select the Excel (Smart View)
5. We can link one form to another form.
6.Transalation is not possible
7.Calculations not possible
8.We can done Scripting here
1.It is a Group user purpose
2. We can't  Import and Export
3.We can't restrict the POV
4. No selection for Data Grid.
5.Linking option is not available 
6.Transalation is  possible
7.Calculations are possible
8. Not Scripting option here.

Most frequently asked Hyperion Financial Management Interview

Questions

26.Explain ICP Members ?

Ans: ICP Top
ICP None
ICP Entity

27.Explain ICP Process?

Ans: 1. Match
2. Un Match
3. Post
4. Un Post
5. Reason Code

29.How do you eliminate intercompany transactions?

Ans: 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
30.How many plug accounts we can create?
Ans: In HFM, we can create number of plug accounts, but based on requirement we will create the
plug accounts for elimination process.

34.How many types of adjustments we can post.

Ans: In HFM we have:
1. Entity Currency Adjs
2. Parent Currency Adjs
3. Parent Adjs
4. Contribution Adjs

41.What is the use of Icp Entity aggregation weight?

Ans: If we Put 1 it going to participating 100% in the consolidation process.
If we Put 0.5 it going to participating 50% in the consolidation process.
42.Explain about member attributes?
Ans: Member attributes are differed from dimension to dimension; every dimension member will be
having importance to their respective areas.
43.What is alternative hierarchy?
Ans: 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.
44.What is purpose of Journal?
Ans: Journals are generally used to adjust the data.
46.How many journals types are available in the HFM?
Ans: We having 2 types of journals .Those are

1. Regular
2. Auto Reversing
49.How many journal Templates are available in the HFM?
Ans: We having 2 types of journal Templates .Those are
1. Standard
2. Recurring
50.How many Journals Balance Types are available in the HFM?
Ans:   1. Balanced
          2. Unbalanced
          3. Balanced by Entity
51.Difference between them?
            1. Balanced: All the Debits and Credits will be balanced
            2. Unbalanced: Debits and Credits will not be balanced
            3. Balanced by entity: Debits and Credits for particular entity will
be balanced
52.Explain Journal Review Process?
Ans:  1. Create Journal
         2. Submit the Journal
         3. Receive Approval or Reject
         4. Post Journal
54.Some we can’t able to create journals for an entity what option do u
check?
Ans: Allow Adjs in entity dimension

58.Explain Methods of Data Loading?

Ans:    Merge
           Replace
           Accumulate
67.How do you load the data into HFM?
Ans: 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.

78.What is Hyperion Life Cycle management (LCM)?

Ans: 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.
79.Explain about member attributes?
Ans: Member attributes are differed from dimension to dimension; every
dimension member will be having importance to their respective areas.

80.How can enable Metadata Security Filtering?

Ans: 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)

  Hyperion Financial Data Quality

Management
              Interview Questions and
Answers
122.In Machine profile which user id and Password will give?
ANS: we have to give admin and password or machine name also provided in
machine profile.
123.Is it possible to organize one-to-many mapping in FDM?
Ans: yes it is possible.

124.Which data base consists in financial data quality management?

Ans: Relational database management system (RDBMS)
125.Where the data stores in the FDM application?
Ans: Each FDM Application contains four directories. 1) Inbox 2) outbox 3)
data 4) reports.
 
          These are the directories which stores the data.
126.What are the types of mapping?
Ans: Explicit, in, like, and between mapping.

127.Explain the data load process in FDM?

Ans: Import, Export, Validate and Check.

128.Hyperion fdm contains two types of locations?

           Data load
           Controls review.
 
Location that accepts the data from source file and loads the data by
mapping rules to the target file. 
129.What are the methods to build maps?
Ans:    1.Build maps internally with in fdm.
           2.Build maps externally import to fdm.
           3.Copy existing location map to other location.
           4. Assign mapped location is parent to other location.
132.How to access the FDM web client?
Ans: Open the Hyperion FDM Web Client by selecting Programs oracle EPM
Financial Data Quality
           Management Web Server Components Web Logon.
133.The Hyperion FDM desktop is the control center from where a Hyperion
FDM application is built and administered. 
 
Ans: The desktop has three main areas: Screen Indicator, Hyperion FDM
Menus, and the POV bar.

134.Where you have to getting or importing the data to FDM?

Ans: By importing GL files or from other external data sources.

137.Calculation Status detail Information ?