Oracle is growing rapidly across industries, and so is the demand for Oracle Fusion Cloud professionals. Various businesses are moving to cloud-based ERP systems, and among them, Oracle Fusion is taking the lead. 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 interview questions, you will get a good idea of what topics to prepare for.
Overview of Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications is an integrated suite of high-productivity, business process-enabled Software applications designed to address the core business processes of enterprise resource planning (ERP), human capital management (HCM), and more in one place.
- Industries that use it include Life Sciences, Industrial Manufacturing, and Consulting.
- It is for ERP consultants, finance professionals, HR professionals, and IT departments
- There is no software to install; access to the Internet is all you need.
- The key benefits include eliminating update worries, AI capabilities, and better integration.
Top 10 Oracle Fusion Interview Questions With Answers and Explanation
Before your next interview, go over these Oracle Fusion Cloud interview questions and answers. To get you started, here is a list of 10 popular questions and their simpler, easy-to-understand answers:
Q1. What exactly is Oracle Fusion and how does it differ from E-Business Suite?
A. Oracle Fusion is a modern cloud ERP suite from Oracle. Oracle EBS was built for on-premise use, but Oracle Fusion was built for the cloud – with easier upgrades, deeper integration and a more simplified user experience.
Q2. What are the key modules of Oracle Fusion Cloud?
A. The key components are:
- Financials
- Human Capital Management (HCM)
- Supply Chain Management (SCM)
- Procurement
- Enterprise Performance Management (EPM)
All the modules are connected smoothly with one another, so data flows without any manual work.
Q3. Explain OTBI in Oracle Fusion?
A. OTBI is an acronym for Oracle Transactional Business Intelligence. OTBI is a pre-built reporting tool that allows users to create real time reports and dashboards with a user friendly drag and drop interface – no IT assistance required.
Q4. What are the major benefits for Oracle Fusion Financials users?
A. Here are a few advantages of Oracle Fusion Financials for users:
- Centralized processing and setup of inter-unit transactions.
- Share reference data across business units.
- Flexible chart of accounts and accounting rules.
- Automated reconciliation and period close.
- Real-time financial reports and dashboards.
Q5. What is a Value Set role in Oracle Fusion?
A. A Value Set is a group of valid values for a field to validate data entry in Oracle Fusion. It dictates what a user can type in a field, and helps keep the data clean and consistent — often in the chart of accounts and flexfields.
Q6. What are Flexfields in Oracle Fusion Cloud, and how are they useful?
A. Flexfields are a flexible and user-friendly way in which organizations can capture additional information without having to change the standard system of record. There are two Kinds of Flexfields — Key Flexfields and Descriptive Flexfields, both of which enable Oracle Fusion Cloud to be configured to meet individual business needs without the need for any custom coding.
Q7. What are the main steps of P2P in Oracle Fusion?
A. The steps of the Procure-to-Pay Process in Oracle Fusion are:
- Raise and approve a purchase requisition
- Issue a purchase order
- Deliver goods or services
- Match and process the supplier invoice
- Compensate the vendor
Q8. How do you secure Oracle Fusion Application?
A. In Oracle Fusion, access is controlled through roles assigned to the user. Data-level security ensures that users have access only to the data related to their job profile.
Q9. What is a Business Unit in Oracle Fusion Cloud?
A. A business unit is an organizational structure in Oracle that controls the business transaction and reports on it. It allows companies to divide data by geography or by department, and you can also set different rules for purchasing and payments.
Q10. What defines and differentiates a Legal Entity and Business unit?
A. A Legal Entity is a registered company that submits taxes and enters into contracts.A business unit is used for daily transactions. A business unit is a functional unit used to execute the business transactions. One legal entity can have several business units under it.
Common Oracle Fusion Interview Tips For Freshers And Experienced Professionals
You are already one step closer to cracking your interview by preparing Oracle Fusion interview questions. Here are a few tips from our experts to help you further:
Tips for Freshers
- If you want to understand the fundamentals of Oracle Fusion Cloud modules, then taking Oracle courses online is a good option.
- Be truthful about what you really know and learn.
- Real-life situations and case studies should be studied while preparing.
Tips for Experienced Professionals
- Prepare to discuss actual projects and problems.
- Prepare for Oracle Fusion Cloud interview questions that are updated with the latest trends.
- Expect two rounds, both functional and technical, and prepare accordingly.
- If you have any certifications or hands-on implementation experience, then mention them.
Conclusion
Oracle Fusion is a skill that will only increase in demand. No matter if you have experience or you’re just starting as a fresher, practicing with the right Oracle Fusion interview questions can go a long way. At
Srijan Institute, we provide training courses and
oracle courses online to help you develop job-ready Oracle Fusion Cloud skills so you can become not only interview-ready but career-ready.
FAQs Related to Oracle Fusion Interview Questions
Q1. How different is Oracle Fusion from Oracle EBS?
A. Oracle EBS is the traditional on-premises system, and Oracle Fusion Cloud is wholly cloud-based (with automated updates).
Q2. What are the required skills to crack an Oracle Fusion interview?
A. To get the job, you should know all about Oracle Fusion Cloud modules, ERP concepts, and SQL.
Q3. What is Oracle Fusion in simple terms?
A. Oracle Fusion is a cloud ERP suite that streamlines HR, finance, and supply chain for businesses that use it.
Q4. What are the major topics that interviewers ask in the Oracle Fusion interview questions?
A. General topics for Oracle Fusion interview questions revolve around modules, flexfields, OTBI, security, and business units.
Q5. How can the fresher get ready for the Oracle Fusion interview?
A. Learn core modules, practice Oracle Fusion Cloud interview questions, and also get hands-on exposure through training.
