Certification Overview
Built through the
use of an advanced financial technology, the Hyperion Management
(Financial) application by Oracle is what provides the financial
managers the ability for fast and efficient reporting of financial
results, as well as to deliver confidence in their numbers. It also
helps reduces costs especially those related to compliance, and
delivers reliable results for a detailed analysis of the vital
performance metrics.
Not only does
Oracle provide organizations with software though, but it also gives
them, through the Oracle University's credentials, proven
specialists with expertise to manage the same. The professionals for
this software are recognized through the certification called HFM 11
Implementation Specialists.
Who can do this certification
While all
candidates, regardless of whether their organizations are members of
OPN or not, are eligible for this, they should at least possess
adequate experience and knowledge regarding solutions based on and of
the HFM itself. Additionally, those who have attended the recommended
trainings are better suited for clearing the exam as well as for the
certification.
Benefits
The advantages
from it are not only limited to the tag given by Oracle and its
credibility, candidates also learn a variety of HFM related skills
ranging from use of EPMA to application creation by the classic
method, data loading, report defining and so on.
Associated Exam
The sole
examination of this certification course is called as Oracle HFM 11
Certified Implementation Specialist Exam. It includes 65 questions,
with a candidate needing to get at least 75% right in order to pass
it. Trainings such as the Oracle HFM Mgmt: Creation and Management
of Applications, Configuration as well as Installation are beneficial
in the exam.
Prerequisites
Experience
through either hands-on training, or via field/job in the HFM and its
related solutions is what makes up the criteria for this credential's
eligibility. A candidate should be thorough in both the theoretical
and practical approaches to the Hyperion Financial Management, and
the solutions based on it, especially in all the tasks/areas which
are listed in the topics covered under the examination.
Topics Covered
-
Application
Creation, Profiles and Metadata (Classic)
- Creating
an application's profile and applications
- Management,
loading as well as extraction of the metadata
- Accounts
Chart, and its building
- Specification
of values for properties which are commonly used as well as their
descriptions
- Implementation
of dimensionality, and its details
- Application
settings which are used the most as well as their specific values
and descriptions
-
HFM
Overview
-
Analysis
and Loading of Data
- Loading
of data in an application with the native formats for files
- Data
loading in an application by following alternate approaches
-
Copying as well as clearing of data from the HFM Applications
-
EPM-
Architect
- The pros
and cons associated with the use of EPMA, in place of the classical
HFM
- Components
of the EPMA
- Deployment
of the applications
- Data
moving between applications based on EPMA through the use of
synchronization of data
- Clearing
as well as copying of data from applications of HFM
- Data
loading in an application through the method of alternative
approaches
-
Rules
associated with HFM and Manager of calculations
- Management
as well as creation of calculations
- Invoking
subroutines and their descriptions
- Variable
uses and their details
-
Administration
of Hyperion Financial Management or HFM
- Copying
of the HFM Applications (only classic)
- Implementing
control over processes
- Use of
the Administration menu in HFM for performing management of
applications
-
The
Supporting Tools in Financial Management- Extended Analytics
-
Shared
Services
- Details
of both Security and Management of Lifecycle
- Security
structure- describing it, including users, classes and so on for
HFM
- Class
creation and assignment
- Management
of groups, classes and also users through extraction/log as done in
an application (classic HFM only)
-
End-user
basics of the HSM
- Usage of:
- Journals
- Data
Grids
- Data
Entry Form
- Tasks
list
Validity of the certification
A candidate does
not need to worry about this credential's validation period, for no
expiry date is associated with it. All of these certifications, with
respect to the version they are offered in, come with an indefinite
validity.
Expert Review
HFM is a
software that makes it possible for the organizations to grow, and
along with that growth, provide even better services to their present
and future customers. It has proved that a better management of a
company's finance is what makes it a better manager of its
customer's needs, providing them what they need at the right time.
Katie
Beaufremont, Trimble Navigation Ltd
Cannes,
France