1Z0-532 Online Practice Questions and Answers

To which dimension do custom dimensions provide additional detail?

A. Accounts

B. Entity

C. Value

D. ICP

E. Custom dimensions are independent of other dimensions.

EPMA provides a Shared Dimension Library for maintaining EPM dimensions. Identify two reasons that would make you consider using EPMA to maintain dimensions over FM Classic metadata files? (Choose two.)

A. You can use the same metadata file format from FM Classic to import dimensions In EPMA.

B. Dimensions can be shared across applications or can be local to a specific application.

C. In EPMA, you can make a change to a member in a shared dimension once and sync ft across FM and Planning applications.

D. You can assign member access security in the EPMA dimension library for a shared dimension and sync it across FM and Planning applications.

The organization by period feature is used for what two purposes? (Choose two.)

A. Segregating rules by month and year

B. Controlling when entities consolidate into specific parents

C. Organizing the period dimension into multiple hierarchies

D. Managing the ownership percentage of one entity by others

E. Maintaining stored data values for changes in the Entity structure over time

When designing for Planning and Financial Management, what are the design considerations for dimensions and member?

A. In FM, spaces are allowed in member names while in Planning, spaces are not allowed in member names.

B. In FM, spaces are not allowed in member names while in Planning, spaces are allowed in member names.

C. In FM, descriptions are not required to be unique while in Planning, aliases must be unique.

D. A and C

E. B and C

In addition to Sub translate routine, which two application settings are also used for translate? (Choose two.)

A. DefaultRateForICPAccounts

B. DefaultRateForBalanceAccounts

C. DefaultRateForExpenseAccounts

D. DefaultRateForFlowAccounts

What four actions can an administrator perform from the FM Administration menu? (Choose four.)

A. Manage documents.

B. View system messages.

C. Run Data and Task Audits.

D. Manage Task Flows.

E. Manage Security.

Identify the correct sequence for building a Classic FM application:

1-Create the application shell.

2-Create an application profile.

3-Define metadata such as dimensions and application settings.

4-Load data, data forms, member lists, rules, and journals.

5-Define security.

A. 1, 2, 3, 4, 5

B. 2, 1, 4, 3, 5

C. 2, 1, 5, 3, 4

D. 1, 2, 5, 3, 4

E. 1, 2, 3, 5, 4

What are the two required steps for creating data synchronization? (Choose two.)

A. Map dimensions.

B. Assign default members.

C. Define mappings for all members

D. Create the synchronization.

E. Filter dimensions

A custom function in rules is useful for:

A. Organizing rules into subsets of code

B. Controlling the ending of an If/Then

C. Writing code that will be repeated in multiple places

D. Defining conjunctions to be used along with variables

E. Custom functions are not possible in FM,

You need to track and report an additional level of detail for journal entries, tracking whether the adjustment came from the GL, legal, or other source. Identify the best method to meet this requirement.

A. It is not possible to track additional levels of detail in journals.

B. Build a custom dimension to capture the additional level of detail.

C. Build subaccounts in the Accounts dimension to capture the additional level of detail.

D. Use commentary to note the sources of journals.

E. Use line item details.

Your source data file has values for 12 months across the columns. What is the best way to load this file into FM with native load functionality?

A. Split the file into 12 different files, each with a single month. Set the POV for the Period dimension = specific month.

B. Define a range for periods in the POV with the following syntax: !Period = January.. December.

C. Make sure the column header has the month label; FM will load the column to the correct month.

D. List the months in the POV with the following syntax:! Period = January-December.

E. List the months in the POV with the following syntax:! Period = January, December.

What four steps are required to configure an FDM application with an FM application? (Choose four.)

A. Dimension names between FDM and FM are set in the FDM workbench or the Web client under metadata/dimensions.

B. Define the FM application name in Integration Settings in FDM.

C. Define the FM server name in machine profiles' properties.

D. Map locations to an entity using the FDM workbench under Integration Settings.

E. Define the FDM Web server name under Integration Settings in the FDM workbench.

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.

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

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.