1Z0-1160-1

The Oracle 1Z0-1160-1 exam, "Oracle Hyperion Financial Management (HFM) 11 Essentials," focuses on the foundational knowledge and skills needed to work with Oracle Hyperion Financial Management (HFM) version 11. The main points covered include:

I. HFM Architecture and Administration:

• Understanding the HFM architecture: This includes the application server, web server, database server, and their interactions. You need to grasp how these components work together to provide the HFM functionality.
• Security administration: Managing users, groups, access rights, and security settings within HFM is crucial. Understanding security concepts like roles, responsibilities, and data access control is key.
• Application administration: This includes tasks like creating and managing applications, dimensions, and metadata. You'll need to know how to configure and maintain the HFM application.
• Data management: Understanding how data is loaded into, validated within, and accessed from HFM. This includes working with different data sources and methods of data integration.

II. HFM Data Modeling and Design:

• Dimension design and management: Designing efficient and effective dimension structures is vital. This includes understanding different dimension types (e.g., Account, Entity, Time), hierarchies, and their impact on performance and reporting.
• Metadata management: Understanding and managing metadata within HFM, including defining accounts, custom properties, and other metadata elements.
• Data loading methods: Knowing the different methods for loading data into HFM, including the use of data load rules and the FDMEE application (if covered in the exam scope).

III. HFM Data Consolidation and Reporting:

• Consolidation processes: Comprehending how HFM consolidates data from different entities and levels within the hierarchy. Understanding different consolidation methods and their implications is vital.
• Report generation and analysis: Generating various reports within HFM, such as standard reports and custom reports using tools within the system. Understanding report types and their purpose.
• Data validation and error handling: Identifying and resolving errors during data load and consolidation processes.

IV. HFM Workflow and Automation (Potentially, depending on exam version):

• Understanding how to use workflows to automate tasks and approvals within HFM.
• This might include configuring workflow processes and managing approvals.

In summary: The 1Z0-1160-1 exam tests your understanding of setting up, managing, and using the core functionality of Oracle Hyperion Financial Management 11. It's heavily focused on practical aspects of administration and data management. Always consult the official Oracle exam guide for the most up-to-date and precise topics covered in the specific exam version you are taking, as the content might slightly vary over time.