Hyperion Financial Management Interview Questions

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Hyperion Financial Management Interview Questions

1. What is HFM?

Oracle Hyperion Financial Management is a web-based financial consolidation tool. 

2. What is Consolidation?

Consolidation is aggregating the Base level entity amounts with the Parent level entity amounts.

3. How many Custom dimensions are there in HFM?

Here you need to answer as per your HFM version.
Ex: 9 versions to 11.1.2.1 version only we having 4 custom dimensions. After that versions are like (11.1.2.2 and 11.1.2.3) having 100 custom dimensions.

4. Can you please Explain 8 standard dimensions?

Those 8 Standard dimensions are like

• Entity
• Account
• Value
• Scenario
• Year
• Period
• View
• ICP

5. 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 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.

6. What are the HFM services you need to start?

1. Hyperion Foundation Shared Services – Web Application
2. HFM- DME Listener
3. Hyperion Web Service Manager
4. Hyperion Workspace- Agent Application
5. Hyperion Workspace- Web Application

7. Services dependency means?

Hyperion is dependent on services. Means services are to be started in a specified sequence only.

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8. How many Environments do you having in your Project?

We having 3 environments. Those are

1. Development Environment
2. QA Environment
3. Production Environment

9. What is an application profile; can we change the application profile at any point in time?

An application profile contains language, calendar, frequency, and period information for an Application. No, the application profile once created cannot be changed.

10. What are dimensions will be covered while creating an Application Profile?

Year, Period, View.

11. How many Account types in HFM?

We have 10 Account types in HFM.

12. Explain those Account types in the account dimension?

There are 10 account types –

1. Asset
2. Liability
3. Revenue
4. Expense
5. Balance
6. Balance recurring
7. Flow
8. Dynamic
9. Group label
10. Currency Rate

13. What is COA?

COA is nothing but the chart of accounts, whatever the members we will define under the account dimension will be called sometimes chart of accounts (COA)

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14. What is the difference between switch sign for and switch type for and in which dimension it exists?

It exists in the custom dimension

Switch sign for: It is ticked to change

1. ASSET to LIABILITY
2. LIABILITY to ASSET
3. EXPENSE to REVENUE
4. REVENUE to EXPENSE

Switch type for: It is ticked to change

1. ASSET to EXPENSE
2. EXPENSE to ASSET
3. LIABILITY to REVENUE
4. REVENUE to LIABILITY
5. BALANCE to FLOW
6. FLOW to BALANCE

15. What does a balance sheet contain?

In financial accounting, a balance sheet is a summary of the financial balances of a company. Assets, liabilities, and ownership equity are listed as of a specific date, such as the end of its financial year.

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