Oracle is growing across industries rapidly, and so is the demand for Oracle Fusion Cloud professionals. Various businesses are moving to cloud-based ERP systems, and Oracle Fusion is taking the lead among them. If you are interested in it and plan to apply for Oracle-based jobs, then this guide is just for you. With our selection of Oracle Fusion Financial interview questions, you will get a good idea of what to prepare for in the technical round of the interview.
15 Oracle Fusion Financial Interview Questions and Answers
Whether you’re a fresher or someone experienced, we all know the struggle of not having clarity before an interview. By going through these Oracle Fusion Financial Interview Questions, you will gain better clarity on which topics to prepare for before an interview for Oracle Fusion roles.
For Freshers
Q1. What is Oracle Fusion Financials?
A. Oracle Fusion Financials is a financial management software delivered via the cloud. It involves basics like general ledger, accounts payable, accounts receivable, and fixed assets — but it’s all under one roof.
Q2. What is a Chart of Accounts in Oracle Fusion?
A. The Chart of Accounts is a combination of segments, which is used to identify financial data and has various uses in the system. It has segments such as company, department, account, etc., to classify transactions.
Q3. What is the difference between a Ledger and a Legal Entity?
A. A Legal Entity is a company that is recognized by law, and a Ledger is an accounting book which holds all the financial transactions. One or more ledgers may be associated with a single legal entity.
Q4. What is Subledger Accounting (SLA)?
A. SLA is a subsidiary of Ledger. It is a rule-based accounting engine in Oracle Fusion that generates journal entries from transactions before submitting them to the General Ledger.
Here’s what it does:
- Applies your company’s rules for accounting
- Checks that your entries are right before they go into the GL
- Delivers a complete audit trail for every transaction
Q5. What are the Journal Types of Oracle Fusion General Ledger?
A. There are manual journals, imported journals, and automatically created journals. Each performs a specific function based on the way the transaction entered the financial system.
Q6. In Oracle Fusion Payables, what is a Payment Term?
A. Payment terms identify when a supplier invoice becomes payable. If you want to interpret Net 30, it means pay within 30 days of the date of the invoice.
Q7. What is Invoice Approval Workflow?
A. It's a custom workflow that you create for your invoices in Oracle Fusion, where, based on your company's rules, invoices are sent to the approvers before payment.
For Experienced Experts
Q8. How do Oracle Fusion Multi-Currency Transactions work?
A. Oracle Fusion facilitates multiple currencies using the rates of converting currencies. The system applies daily/periodic/periodic+special or user-defined rates to convert foreign currency transactions into ledger currency.
Q9. What are primary and secondary ledgers?
A. A Primary Ledger is used for the day-to-day records. A Secondary Ledger allows for separate reporting under a different accounting principle, a different reporting currency or a different chart of accounts; a Secondary Ledger can be used for one or more of these options for the same legal entity.
Q10. How the A/P to G/L Reconciliation work in Oracle Fusion?
A. The AP to GL reconciliation is the process that compares the Payables subledger balance to the GL balance. Any discrepancies are investigated and settled with the reports of reconciliation.
Q11. How is period close done in Oracle Fusion?
A. The period close process is a checklist-driven process.. Here's how it typically works:
Get all the transactions done for each subledger.
- Run validation-and-exception reports to report any errors.
- Move subledger transactions into the GL ledger.
- Before closing the GL, you must close each subledger period.
Q12. What are inter-company transactions in Oracle Fusion?
A. They refer to financial activities that happen between two or more legal bodies within the same organisation. Fusion posts balancing entries for each entity to ensure its books are accurate.
Q13. Role of FBDI in Oracle Fusion Financials?
A. Using FBDI (File-Based Data Import), Oracle Fusion allows you to import huge amounts of financial data, like purchase invoices or purchase journal entries, via reusable templates and background jobs.
Q14. What is Cash Management in Oracle Fusion Financials?
A. Cash Management is responsible for bank statement imports, bank transaction reconciliation, and Cash position management. It also interfaces with Payables and Receivables to determine accurate cash flow forecasts.
Q15. How do you manage tax in Oracle Fusion?
A. Tax is configured via the Tax Configuration workbook, where you create tax regimes, taxes, rates and rules. These are then automatically assigned to transactions depending on parameters you specify.
15 Oracle Fusion Technical Interview Questions and Answers
These Oracle Fusion technical interview questions will help you in the later interview rounds, which focus on the technical aspect.
For Freshers
Q1. What is Oracle OTBI?
A. OTBI (Oracle Transactional Business Intelligence) is a reporting utility within Oracle Fusion that enables users to run transactional data-based, real-time reports and dashboards.
Q2. What is BIP in Oracle Fusion?
A. BIP stands for BI Publisher. This is employed to produce the formatted reports such as invoices, payment advices, and financial reports using a data model and templates.
Q3. What is a Flexfield in Oracle Fusion?
A. Flexfield is a flexible data field feature that enables organisations to gather extra data in addition to what standard fields allow.
Here is a quick breakdown:
- Key Flexfields used to define structures like the Chart of Accounts or Asset Categories
- Descriptive Flexfields adds more information to standard forms
- Both are 100% customisable without any coding
- They are utilised in several Oracle Fusion modules .
Q4. What is the use of FBDI templates?
A. The FBDI template is an Excel based file through which you can upload data to Oracle Fusion in bulk. When completed, the data is loaded via the load interface file for subsequent processing.
Q5. What is a Scheduled Process in Oracle Fusion?
A. Scheduled Process is an Oracle Fusion background job that executes tasks automatically—such as generating reports, loading data, or posting transactional information to the GL.
Q6. What is HDL in Oracle Fusion?
A. HDL means HCM data loader. It is a tool to import and export data in Oracle HCM Cloud in a predefined file format and covers business objects.
Q7. What is the REST API in Oracle Fusion?
A. External systems can connect with Oracle Fusion through REST APIs. They facilitate external reading/creation, updating, or deletion of Oracle Fusion data.
For Experienced Professionals
Q8. How to troubleshoot a failed FBDI import?
A. Look at the process log and the output files for error messages. Typical problems are wrong data formatting, required fields are missing, or the data has an invalid value, depending on the system setup.
Q9. How do OTBI and BIP reports differ?
A. OTBI is for real-time analysis, and it is as easy as dragging and dropping. BIP is better for highly structured, formatted reports with intricate layouts. Both are recommended based on the reporting requirements.
Q10. How to manage Data Migration in OF in general?
A. Data migration is a multi-step process that consists of:
- Extract data from legacy systems and clean for accuracy
- Transform it to the Oracle Recommended Level format in Excel.
- Run the tools like FBDI, ADFdi, or HDL based on the module.
- Pre-live test migrated data with reconciliation reports
Q11. How to operate Oracle Fusion Security Console?
A. The Security Console enables the creation and management of roles, the granting of privileges, and the auditing of users. It is relied upon to keep the role-based access control system intact within the Oracle Fusion application system.
Q12. What are Application Composer and Page Composer?
A. Application composer enables functional customisation of Oracle Fusion — for example, adding fields or business rules. Page Composer customises the UI layout without modifying the source code.
Q13. How do web services operate in Oracle Fusion for integrations?
A. Oracle Fusion offers REST and SOAP web services. These services can be invoked by the External System. Tools such as Oracle Integration Cloud (OIC) are the standard for handling these integrations.
Q14. What is Sandbox in Oracle Fusion?
A. A Sandbox is a private area where customisations can be made and tested — for example, page layouts or adding new fields — without impacting the live production environment.
Q15. What is OIC and its use in Oracle Fusion?
A. OIC is used to integrate Oracle Fusion with other applications; it's a middleware platform. It provides prebuilt adapters, process automation, and real-time synchronisation of data between systems.
Interview Tips for Oracle Fusion Freshers
There is one thing that you need to worry about – knowing the answers and saying them well. When you are being interviewed for Oracle Fusion Financial questions or Oracle Fusion technical questions, these tips can change the way you present yourself. If you want to have a firm base before your interview, going through
Oracle courses online is a fantastic opportunity to get hands-on experience with real-world scenarios.
Useful tips for Freshers
- Familiarise yourself with basic financial knowledge before learning Oracle Fusion tools.
- Practice using Oracle Fusion’s UI with access to free trials or sandbox environments.
- It’s all about the modules such as GL, AP, and AR – they are the ones that are frequently talked about in the interviews.
- Be real about your level of experience, and then prove it with what you’ve learned.
Tips for Experienced Professionals
- Know what a good process looks like end-to-end – not just pieces.
- Get familiar with integration technologies such as OIC and web services prior to the interview.
- Bring real examples of projects from your past – particularly around period close or data migration.
- Understand the difference between customisation (e.g. Application Composer ) and personalisation (e.g. Page Composer).
Conclusion
Oracle Fusion is a rapidly growing ERP platform right now, and having the right kind of Oracle Fusion Financial Interview questions really provides you the right path. Always try to learn the concepts rather than mug up the answers. If you are looking for professional training with hands-on practice, then
Srijan Institute is the right place to avail the best-in-class Oracle Fusion training for freshers and anyone who seeks a bright career in this field.
FAQs Related to Oracle Fusion Financial and Technical interview Questions
Q1. What are Oracle Fusion Financial and Technical interviews like?
A. Oracle Fusion Financial interview questions are based on accounting and business processes, whereas during the technical questions, you are asked about tools, integration, customisation, etc.
Q2. In an Oracle Fusion interview, what kind of financial questions do you have to answer?
A. The questions are about General Ledger, Accounts Payable, Receivables, period close, and Subledger Accounting.
Q3. What are the essential skills to pass an Oracle Fusion technical interview?
A. The important skills to know are OTBI, BIP, FBDI, REST APIs, OIC, Flexfields, etc. Those are generally asked in the Oracle Fusion technical interview questions.
Q4. In Oracle Fusion Financial and Technical interviews, are scenario-based questions more important?
A. They verify an understanding of Oracle Fusion Financial and Technical concepts in real-life situations.
Q5. What are the best ways to prepare for Oracle Fusion Financial and Technical interview questions as a newcomer?
A. Go for a planned training, do some practice on Oracle Fusion trial versions and give your time to review Oracle Fusion technical interview questions.
