Oracle On-Premise Applications 1Z0-532 Questions & Answers

• Question 1:

  Which two statements are true when you clear data for accounts via Database Management? (Choose two.)

  A. Only base-level accounts are cleared.

  B. Both base and parent accounts are cleared.

  C. All entities are cleared for the selected accounts.

  D. Data is cleared for a selected scenario(s), year(s), period(s) and entity(s).

  Correct Answer: AB

  Reference: https://docs.oracle.com/cd/E57185_01/OHFMU/help_cleardata.htm

• Question 2:

  Identify the two true statements about defining member lists in Financial Management. (Choose two.)

  A. Financial Management will scan the member list Visual Basic file and verify that the member is a valid member.

  B. Only when you access the grid with the member list will an error appear with the line number of the invalid member selection.

  C. A member list must define all member lists for all dimensions.

  D. Member lists can be created in EPMA.

  Correct Answer: BC

• Question 3:

  Identify the two true statements about Financial Management member properties. (Choose two.)

  A. IsCalculated is required for parents to sum up the values of their children.

  B. IsConsolidate tells Financial Management whether a member should consolidate up the entity and value dimensions.

  C. If IsICP is selected, a PlugAccount can be specified to enable elimination.

  D. CustomTopMember properties are always associated with the entity dimension.

  Correct Answer: AC

• Question 4:

  You need to provision the Consolidate role for Bob and Sally, the two main FM users. What are three ways to accomplish this? (Choose three.)

  A. Right-click Bob, provision the Consolidate role, then right-click Sally, select Provision, and choose the Consolidate role.

  B. Create a group and assign Bob and Sally to the group; right-click the FM application group in Shared Services and select Provision; choose the group and select the Consolidate role.

  C. Create a group and assign Bob and Sally to the group; right-click the group, select Provision, and choose the Consolidate role.

  D. Right-click the FM application group in Shared Services and select Provision; choose Sally and Bob, and select the Consolidate role

  E. Right-click the Security Class for the Consolidate role and select Bob and Sally.

  Correct Answer: ADE

• Question 5:

  Marcela will only approve and post Journals. What two Shared Services roles/rights should be assigned to meet this requirement? (Choose two.)

  A. Journals Administrator

  B. Approve Journals

  C. Create Journals

  D. Post Journals

  E. Reviewer 1

  Correct Answer: BD

• Question 6:

  Which three statements are true about Financial Data Quality Management? (Choose three.)

  A. It automates the collection, mapping, verification, and movement of data with validation and check points throughout the process.

  B. It is primarily used by IT (as opposed to business users).

  C. It provides extensive reporting for audit, log, and process management information.

  D. It stores source records in an underlying FDM relational repository.

  Correct Answer: ACD

  Reference: http://www.oracle.com/us/solutions/ent-performance-bi/045038.pdf

• Question 7:

  What account may be specified if IsICP is enabled for intercompany account properties?

  A. The Plug account

  B. The Expenses account

  C. The ICP account

  D. The Validation account

  Correct Answer: A

  Reference: https://docs.oracle.com/cd/E57185_01/HFMAD/ch04s12.html

• Question 8:

  Identify the three true statements about tuning FM applications. (Choose three.)

  A. Enabling ENABLEBACKGROUNDPAGEIN and setting it to 1 improves system performance.

  B. FM never addresses more than 3 gigabytes of memory on a 32 bit operating system.

  C. Subcubes in FM have no impact on performance.

  D. Memory management is an important tuning step for FM applications.

  E. The performance of the underlying repository for FM has no impact on the performance of FM.

  Correct Answer: BDE

  Reference: https://www.oracle.com/technetwork/middleware/financial-management/overview/faq-hfm-64-134607.pdf

• Question 9:

  Identify the three true statements about loading metadata into EPMA. (Choose three.)

  A. Metadata can be loaded into EPMA from interface tables.

  B. Metadata can be loaded into EPMA dimension by dimension.

  C. Metadata can be loaded into EPMA for alias dimensions and security class dimensions.

  D. Metadata can be loaded into EPMA only into the Shared Library.

  Correct Answer: ABC

• Question 10:

  Identify the two true statement related to Application Settings for translating data. (Choose two.)

  A. If the PVAforBalance is selected the period-end translation method is selected; otherwise the periodic method is enabled.

  B. If the PVAforFlow is selected, the period-end translation method is selected; otherwise the periodic method is enabled.

  C. If the PVAforBalance is selected, the periodic translation method is selected; otherwise the period-end method is enabled.

  D. If the PVAforFlow is selected, the periodic translation method is selected; otherwise the period-end method is enabled.

  Correct Answer: CD