Hyperion Profitability & Cost Management 11.1.2 Detailed Modeling Course Overview

To ensure a successful learning experience in the Hyperion Profitability & Cost Management 11.1.2 Detailed Modeling course, participants should meet the following minimum prerequisites:

• Basic understanding of financial concepts and cost management principles.
• Familiarity with the general ledger and cost center structures within an organization.
• Experience with data analysis and reporting.
• Working knowledge of Microsoft Excel.
• Basic understanding of database concepts and structures.
• An introductory level of knowledge in Enterprise Performance Management (EPM) and Oracle Hyperion tools is beneficial but not mandatory.
• Willingness to learn new software and analytical techniques related to financial modeling.

Please note that while these prerequisites are aimed at providing a foundation for the course materials, the course is designed to accommodate those new to Hyperion Profitability & Cost Management by providing detailed instruction and practical examples.

Target Audience for Hyperion Profitability & Cost Management 11.1.2 Detailed Modeling

The Hyperion Profitability & Cost Management 11.1.2 course offers in-depth training on implementing detailed cost models, ideal for financial analysts and managers.

• Financial Analysts
• Cost Accountants
• Profitability Analysts
• Financial Controllers
• Finance Managers
• Business Analysts
• IT Professionals working on financial systems
• ERP Consultants specializing in finance
• Hyperion EPM Administrators
• Database Administrators involved with finance systems
• Performance Management Professionals
• Corporate Finance Staff
• Strategic Planners
• Business Intelligence Specialists

Learning Objectives - What you will Learn in this Hyperion Profitability & Cost Management 11.1.2 Detailed Modeling?

Introduction to the Course's Learning Outcomes:

The Hyperion Profitability & Cost Management 11.1.2 Detailed Modeling course provides an in-depth understanding of creating, managing, and analyzing cost models to drive business profitability.

Learning Objectives and Outcomes:

• Gain knowledge about Profitability and Cost Management and its application types in business.
• Navigate and understand the Detailed Profitability Product Architecture and its model components.
• Manage dimensions effectively using Performance Management Architect, including creating and organizing dimensions and members.
• Acquire skills in importing dimension metadata and setting up data sources for detailed modeling.
• Learn to create Performance Management Architect Applications and manage local and shared dimensions.
• Understand the concepts of Model Data Registration and how to set up database schemas for product and model data.
• Develop the ability to set up models, select data schemas, and register model data with lookup table joins.
• Create and manage stages and Points of View (POVs) for detailed profitability models.
• Understand and define detailed profitability drivers and driver formulas for accurate allocations.
• Assign allocation destinations and manage allocation rules for detailed profitability.
• Utilize tools such as the Bulk Editor for managing allocations and performing stage object calculations.
• Validate models, complete pre-calculation tasks, execute calculations, and generate stage balancing reports.
• Analyze detailed profitability data effectively using Oracle BI EE for better decision-making.
• Implement security measures, assign security roles, and use Lifecycle Management for application migration.