HFM Questions and Correct Solutions 2024

HFM Questions and Correct Solutions 2024 What are the three characteristics of EnumMemberLists() - Answer -A, B, D A: Specifies which dimensions have member lists B: Names each member list in each dimension D: Specifies the number of lists for each dimension Identify the dimensions that are built using the applicationprofile - Answer -C View, Period, year To which dimension do custom dimensions provide additional detail - Answer -A Accounts Account dimension defines chart of accounts for an application Custom dimensions procide additional detail for accounts Account types provide built in financial intelligence The Account dimension's IsICP"R" property specifies - Answer -D If ICP transactions are enabled for the account, but the account cannot have ICP transactions with itself 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? - Answer - B, C 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 it across FM and Planning applications. Which is the rule function used to notify the following year that a consolidation is needed due to a recalculation of the current year? - Answer -B Impact Status -Change the status of the specified data unit to impacted. Can be used in Calculation rulesIdentify three valid application settings - Answer -A, B, D A: MaxNumDocAttachments B: UseSecurityForEntities D: ValidationAccount Identify the purpose of using task lists - Answer -B