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.
Identify the three true statements about loading metadata into EPM
Identify the three true statements about Financial Reporting. (Choose three.)
The organization by period feature is used for what two purposes? (Choose two.)
Identify the three true statements about accounts and account types. (Choose three.)
'Each account has an account type. Account types determine how child accounts are aggregated to parent accounts and how account balances accumulate over time.'
Above is an explanation about account types directly from the HFM Admin guide published by Oracle.
Additionally, this is true because Asset and Liability account types are balance sheet accounts and they represent a balance at a point in time. So, whether you look at the amount in these account types as periodic, QTD or YTD, the value is the same as it is not a cumulative amount.
The Revenue and Expense account types are income statement accounts and therefore the QTD and YTD amounts are an accumulation of the Periodic amounts.
