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Here are sample Oracle Hyperion Data Relationship Management Essentials (1Z0-588) Exam questions from real exam. You can get more Oracle Hyperion (1Z0-588) Exam premium practice questions at TestInsights.

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Question 1

If you want to create an export for the Budget Office to export the Entity hierarchy. Which two steps must be completed in order to accomplish this?

AMake sure that you have Application Administrator access at a minimum.

BCreate the export and assign security for the export to the Budget Office.

CSave the Export as a System object.

DSave the Export as a Standard object.

EGrant the Budget Office access to the Entity hierarchy.

Correct : B

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AMake sure that you have Application Administrator access at a minimum.

BCreate the export and assign security for the export to the Budget Office.

CSave the Export as a System object.

DSave the Export as a Standard object.

EGrant the Budget Office access to the Entity hierarchy.

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Question 2

Per the example:

Your organization has two ERPs: PeopleSoft (PS) and SAP. Each ERP has its own chart of accounts. Each chart of accounts is mapped to a consolidated chart of accounts. The Finance department maintains the consolidated account hierarchy.

Identify the steps in the correct order to manage the mapping of the local chart of accounts in the consolidated chart of accounts structure using DRM hierarchies.

1. Build the consolidated chart of accounts hierarchy.

2. Build the PeopleSoft and SAP chart of accounts hierarchies.

3. Create a property category called CoA Map with two property definitions: PS CoA Mapping and SAP CoA Mapping.

4. Create an alternate Market hierarchy with limb nodes "large", "Medium", and "Small". Insert cities as leaf nodes under the appropriate Market Size nodes.

5. Use the Blend function to merge the PeopleSoft and sap chart of accounts to the correct consolidated account node In the consolidated hierarchy.

6. Drag and drop the PeopleSoft and SAP chart of accounts to the correct consolidated account in the consolidated hierarchy.

A1, 2, 3, 4, 5, 6

B3, 1, 2, 4, 6

C3, 1, 2, 5, 6

D1, 2, 4, 6

E4, 3, 1, 2, 5, 6

Correct : C

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A1, 2, 3, 4, 5, 6

B3, 1, 2, 4, 6

C3, 1, 2, 5, 6

D1, 2, 4, 6

E4, 3, 1, 2, 5, 6

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Question 3

Identify three common issues that are addressed by DRM out of the box.

APhysical reconciliation of fact data from transaction systems

BNo central point of maintenance for a dimension

CHierarchies are maintained by IT

DRationalization of hierarchies across systems

ELengthy reconciliations and manual process to make changes in data relationships

Correct : B, D, E

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APhysical reconciliation of fact data from transaction systems

BNo central point of maintenance for a dimension

CHierarchies are maintained by IT

DRationalization of hierarchies across systems

ELengthy reconciliations and manual process to make changes in data relationships

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Question 4

How can downstream systems receive exported data from DRM?

1. Database query

2. Export

3. Export Book

4. API

5. DRM Migration utility

A2, 3 only

B2, 3, 4 only

C1, 2, 3 only

D1, 2, 3, 4 only

E1, 2, 3, 4, 5

Correct : A

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A2, 3 only

B2, 3, 4 only

C1, 2, 3 only

D1, 2, 3, 4 only

E1, 2, 3, 4, 5

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Question 5

What are the four valid functions available in the DRM Migration utility?

AExtract hierarchies and property values from one DRM version.

BExtract property definitions, property categories, validations, and queries from a DRM application to an XML file.

CLoad hierarchies and property values to a DRM version.

DLoad metadata from an XML file into a Data Relationship Management application.

ECompare metadata differences between two sources, such as a development DRM instance to a production DRM instance.

FGenerate an HTML report from the results.

Correct : B, C, E, F

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AExtract hierarchies and property values from one DRM version.

BExtract property definitions, property categories, validations, and queries from a DRM application to an XML file.

CLoad hierarchies and property values to a DRM version.

DLoad metadata from an XML file into a Data Relationship Management application.

ECompare metadata differences between two sources, such as a development DRM instance to a production DRM instance.

FGenerate an HTML report from the results.

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