1Z0-532 | 10 Tips For Improve 1Z0-532 exam question
Q1. Assuming you are using HFM Version 11.1.1.3, identify the three true statements about Calculation Manager.
A. FMRulesMigrator.exe will migrate VB scripts into business rules in Calculation Manager.
B. There is no utility to migrate VB script rules to Calculation Manager.
C. In Calculation Manager, you can toggle back and forth between the graphical and script mode.
D. In Calculation Manager, you can create one script that can execute against both a Financial Management application and Planning application.
E. To use a business rule, you must validate and deploy the business rule.
Answer: ACD
Q2. How many custom dimensions do Financial Management applications allow?
A. 2
B. 3
C. 4
D. 5
E. None. Financial Management supports only fixed dimensions.
Answer: C
Q3. You need to migrate an FM application in version 11 from development to production. Your environment has two instances of Shared Services, one for development and one for production. Identify the two true statements about using Life Cycle Management to perform the application migration from development to production within this environment.
A. You can select specific objects to migrate or all objects to migrate.
B. Migrating applications from development to production in disconnected environments, where there are two instances of Shared Services, is not supported.
C. Life Cycle Management will migrate both objects and data.
D. Life Cycle Management will generate an XML file that can be modified and used for importing to target applications.
E. The only role necessary to perform LCM activities is Application Administrator.
Answer: AD
Q4. Identify the dimensions that are built by using the application profile?
A. Year and period only
B. Value and view only
C. View, Period, and Year
D. Period, Value, and Year
E. Scenario, Period, and Year
Answer: C
Q5. Identify the three true statements about Dimension Associations in EPMA.
A. Dimension associations are used when a property in one dimension is associated with the members in another dimension.
B. The Security Class dimension is associated with the Security Class property only in an Account and Entity.
C. The Alias dimension is associated with the Alias property for Account, Entity, and Scenario dimensions.
D. The Currency dimension is associated with the Currency property of the Account dimension.
E. A Plug Account from the Account dimension can be associated with the Account dimension.
Answer: ACD
Q6. In Task Automation, a link in a task flow:
A. Passes the point of view to a stage
B. Connects the task to a specific user
C. Passes control from one stage to another
D. Passes control from a task to the IT department
E. Passes a process unit from one review level to the next review level
Answer: C
Q7. You are designing the custom dimensions for your FM application. Identify the true statement.
A. A dimension, once used for a specific purpose, can be used only for that purpose.
B. All hierarchies within a custom dimension are automatically available to all the accounts.
C. You specify the custom dimension members valid for an account by using the Custom1 Top Member, Custom2 Top Member, Custom3 Top Member, and Custom4 Top Member.
D. Hierarchies on custom dimensions must be symmetrical, with the same number of children under every parent.
E. Different hierarchies within a custom dimension cannot be assigned to different accounts.
Answer: C
Q8. A Classic FM application profile contains which three components?
A. Frequency
B. Calendar
C. Dimension Associations
D. Language(s)
E. Scenario
Answer: ABD
Q9. Identify the two true statements about rule types in FM.
A. The Dynamic rule type allows you to calculate both parent and base accounts.
B. The NoInput rule type prevents users from entering data into specific cells or slices of cells using Hs.Nolnput.
C. Calculate, Dynamic, Allocation, Input, No Input, Translate, Consolidate, Transactions, and Equity pickup are all valid rule types.
D. If you need to calculate Gross Margin %, use the Translate rule type.
E. Calculation rules are run only with FM specific calculation commands in Financial Management; no general VB commands.
Answer: BC
Q10. The Audit Intersection link in Data Grid menus takes the user to:
A. The Data Audit listing for the cell
B. The FDM location used to load the data
C. The database log for the data storage table
D. The Task Audit page
E. Line item details
Answer: B