Oracle Hyperion Financial Management 11 Essentials (1Z0-532) Practice Exam

Oracle Hyperion Financial Management 11 Essentials (1Z0-532) is a certification exam from Oracle that validates skills in managing Oracle Hyperion Financial Management (HFM), a powerful financial consolidation and reporting tool used by organizations for statutory reporting and financial analysis. HFM enables streamlined financial processes and ensures data accuracy, supporting both financial management and decision-making functions within enterprises.
Why is Oracle Hyperion Financial Management 11 Essentials (1Z0-532) important?

• Enhances professional credibility in financial management solutions.
• Validates expertise in Oracle’s powerful HFM software for financial consolidation.
• Supports career advancement in finance and reporting roles.
• Recognizes knowledge in implementing financial consolidation best practices.
• Demonstrates skills in Oracle’s enterprise-level financial software.
• Validates ability to manage financial reporting and compliance.
• Enhances organizations' decision-making processes through accurate financial data.

Who should take the Oracle Hyperion Financial Management 11 Essentials (1Z0-532) Exam?

• Financial Analyst
• Financial Systems Consultant
• Financial Reporting Manager
• Oracle Hyperion Developer
• ERP Consultant specializing in financial management
• Financial Controller
• Corporate Accountant
• Business Intelligence Analyst
• Financial Data Analyst

Skills Evaluated

Candidates taking the certification exam on the Oracle Hyperion Financial Management 11 Essentials (1Z0-532) is evaluated for the following skills:

• Knowledge of HFM application architecture and setup
• Proficiency in financial data consolidation and reporting within HFM
• Expertise in HFM security and user management
• Competence in creating and managing financial reports
• Understanding of intercompany eliminations and currency translation processes
• Ability to configure metadata and load data into HFM
• Troubleshooting and maintaining HFM applications
• Implementing and managing consolidation rules
• Performing data analysis and reconciliation in HFM
• Knowledge of compliance and reporting requirements within HFM

Oracle Hyperion Financial Management 11 Essentials (1Z0-532) Certification Course Outline
The Oracle Hyperion Financial Management 11 Essentials (1Z0-532) Certification covers the following topics -

Module 1. Overview of Hyperion Financial Management

• Explain financial reporting concepts

• Describe HFM structure and design concepts a high level

Module 2. Creating Applications -- Profile and Metadata -- Classic

• Create an application profile and application

• Create the application profile

• Manage, Load and Extract metadata

• Build a Chart of Accounts

• Describe and specify values for commonly used properties

• Describe and specify values for commonly used application settings

• Describe and implement dimensionality

Module 3. EPM Architect

• Explain advantages and disadvantages of using EPMA versus "classic" HFM

• Describe EPMA components

• Define and maintain dimensions using EPMA

• Create and maintain application using EPMA

• Deploy applications

• Use data synchronization to move data between EPMA-based applications Data Loading and Analysis

• Load data into an application with native format files

• Load data into an application using alternative approaches

• Copy and clear data from HFM application

Module 4. HFM Rules & Calculation Manager

• Create and maintain calculations in HFM

• Define and invoke subroutines

• Define and use variables

• Define and invoke functions

Module 5. Creating and Building Lists

• Create member lists.

• Use member lists.

• Load and Extract member lists.

Module 6. Shared Services

• Explain Security and Lifecycle Management

• Describe security structure (i.e. users/groups, roles, and classes) in HFM

• Provision users and groups

• Create and assign classes

• Manage users, groups and classes in a classic HFM application via extract/load

• Use Lifecycle Management Services to move artifacts from one application to another

Module 7. HFM Administration

• Copy classic HFM applications

• Perform application management tasks using the HFM Administration menu

• Implement process control

• Perform HFM tuning and optimization

Module 8. HFM End User Basics

• Use task lists

• Use data grids

• Use data entry forms

• Use Journals.

Module 9. HFM End User Advance Functions

• Implement intercompany reporting in HFM

Module 10. Financial Reporting Studio

• Explain and use the basic features of Financial Reporting Studio

• Explain and use relationship functions in report creation

• Use end user report functionality and features

Module 11. Supporting Tools of FM

• Financial Data Quality Management

• Other - Extended Analytics