1. Analyse requirements and develop creative solution.

2. Work closely with project managers for cost estimation and Project deadlines.
3. Collaborate with technical and other cross-Functional teams to achieve exceptional
results.
4. Create functional design/Requirement specifications/BR100, Process flow
presentation documents.
5. Collaborate and motivation to the project teams.
6. problem-solving
7. Work with Sales team to acquire new customers and motivate existing customers on
Cloud.
8. Follow project method (PMO) to implement project asper plan.
9. knowledge of Oracle ERP, especially in the exciting areas of finance and accounting.
10. You are customer focused.
11. Your excellent team and social skills to collaborate with your Teams and customers.
12. Fluent German and English.

Rajesh Tell me about yourself?

I bring over 14 years of extensive experience as an Oracle Finance Functional Consultant.
Throughout my career, I've had the privilege of working on various projects like
Implementation, rollouts, upgrades, Support and Development with diverse teams around the
globe like US, UK, Germany, Philippines, South Africa, France etc.
My journey in the realm of Oracle Finance has been started way back in 2010 from 11i, R12
and its many other EBS versions and cloud ERP. This shows clearly that I am adoptable in
changing situations, adept to new challenges, and have passion to learn new things. My skills
in analysing complex business processes and translating them into actionable insights and
innovative solutions.
One of my key strengths lies in my ability to work closely with stakeholders, project
managers, and technical advisors to ensure the successful implementation of projects. In
addition to my technical expertise, I am also proficient in delivering convincing presentations
and articulating complex concepts in a clear and concise manner. My fluency in English and
B1 German pursuing as international language and apart that I know Hindi, Malayalam,
Marathi, Punjabi as Indian Languages which shows that I am very keen to learn multiple
languages.
Overall, I am incredibly passionate about what I do and am eager to bring my contribution to
your team.
https://mindmajix.com/oracle-apps-functional-interview-questions
Functional Interview Questions link
https://cloudfoundation.com/blog/sql-interview-questions/
Sql Interview Questions link
Interview questions.
General Ledger (GL):

1. Can you explain the concept of balancing segments in the chart of accounts and how
it affects accounting transactions?
2. How would you handle a situation where a journal entry is out of balance in Oracle
GL?
3. What are the different methods available for consolidating financial information in
Oracle EBS?
4. Describe the process of setting up and maintaining cross-validation rules in Oracle
GL.
5. How do you handle intercompany transactions and reconciliations in Oracle GL?
6. Explain the process of creating and managing financial statements in Oracle GL.
7. What is the significance of ledger sets in Oracle EBS, and how are they used in
reporting?
Accounts Payable (AP):

1. Can you explain the invoice validation process in Oracle AP, including the various
steps involved?
2. How do you handle exceptions during invoice validation, such as holds and
rejections?
3. Explain the concept of invoice matching and the different matching options available
in Oracle AP.
4. How would you set up and manage payment terms and discounts in Oracle EBS?
5. Describe the process of handling recurring invoices and payments in Oracle AP.
6. What are the key reports available in Oracle AP, and how are they useful for financial
analysis and decision-making?
7. How do you handle the integration between Oracle AP and other modules like
Purchasing and General Ledger?

Accounts Receivable (AR):

1. Can you explain the auto-invoice process in Oracle AR and its significance?
2. How do you handle credit memos and adjustments in Oracle AR?
3. Explain the setup and management of customer profiles and credit limits in Oracle
AR.
4. Describe the process of managing dunning letters and collections in Oracle AR.
5. How do you handle revenue recognition and deferred revenue in Oracle AR?
 6. What are the key reports available in Oracle AR, and how are they useful for
monitoring receivables and cash flow?
7. How does Oracle AR integrate with other modules like Order Management and
General Ledger?
Fixed Assets (FA):
1. Can you explain the different depreciation methods available in Oracle FA, and how
do you determine which method to use?
2. Describe the process of adding assets and performing mass additions in Oracle FA.
3. How do you handle asset retirements and disposals in Oracle FA?
4. Explain the concept of asset categories and the significance of asset books in Oracle
FA.
5. How do you handle asset transfers and reclassifications in Oracle FA?
6. What are the key reports available in Oracle FA, and how are they useful for asset
management and financial reporting?
7. How does Oracle FA integrate with other modules like Projects and General Ledger?

E-Business Tax (EBTax):

1. Can you explain the architecture of E-Business Tax in Oracle EBS and its key
components?
2. Describe the process of setting up tax rules and tax codes in E-Business Tax.
3. How do you handle tax determination and calculation for different types of
transactions in E-Business Tax?
4. Explain the setup and management of tax exemptions and exceptions in E-Business
Tax.
5. How do you handle tax reporting and compliance requirements using E-Business Tax?
6. What are the key reports available in E-Business Tax, and how are they useful for tax
analysis and audit trails?
7. How does E-Business Tax integrate with other modules like Order Management,
Purchasing, and Accounts Receivable?

8. What is a journal, and how many types of the journal?

9. What is Dynamic Insertion?
10. What is the Adjusting Period?
11. How many types of Purchase Orders (POs)?
12. What are 2-way, 3-way, and 4-way matching?
13. What is SWEEP Program? Explain the Process Of the Sweep Program.
14. Difference between AP invoices and AR Invoices?
15. What is Pre-Payment in AP?
16. What are Debit Memo and Credit Memo in AR?
17. How many types of AP Invoices?
 18. What are Translations, Revaluation and consolidation which level is
working?
19. What is Primary, Secondary and Reporting Ledger?

Answer:

Translations and Revaluation operate at the ledger level, while Consolidation

operates at the reporting level, aggregating data from multiple ledgers or entities
to produce consolidated financial statements

Translation: It is used to translate functional currency balances into foreign

currency balances at the account level

Currency Revaluation Process in GL: It is used to identify the unrealized gain

or loss, which is occurring on the currency fluctuation. Like USD to Euro

Example:

On 01-Dec-2009
Functional Currency is USD
The foreign Currency is INR.
The Conversion Rate is 2.
Created invoice for 100 INR, validated and accounted. Not Paid.
As per the above journal lines on 01-Dec-2009, the customer is liable to pay
200 USD to the supplier.

End of the period, the conversion rate has been changed to 2.5.
So the customer’s liability will get increased to 250 USD(100*2.5).
So the customer supposes to pay 250 USD instead of 200 USD to the
supplier.
This is the true liability at the end of the period and this needs to be reflected
in the customer’s General Ledger. A loss of 50 USD should be populated in
the Loss account.

Revaluation adjusts these amounts and keeps gain/loss amounts in

Unrealized Gain/Loss accounts defined in the Revaluation window.

Setup Steps for Revaluation process

 Setup Exchange rate USD (Foreign Currency) to Euro (Functional Currency)

 Verify Account Balance
 Setup Gain/Loss account
  Run Revaluation Program
 Verify results.

Lets say, you created an AR invoice for 100 USD (Foreign Currency) on 5-Mar-2024

20. What are the Security Rules and Cross-validation Rules?

 It is used to restrict users from entering the segments. It will work at the
responsibility level.
21. It is used to restrict the end-users from entering the code combinations. It will work at
the structure level.

22. What is Dynamic Insertion?

You can dynamically create new account code combinations when entering data by
enabling dynamic insertion in the Key Flexfield Segments window. The alternative
method for this is, you can require all accounts to be defined manually in the
Accounts Combinations window.

Points to Remember:

 Dynamic insertion can be enabled or disabled at any time.

 You can define cross-validation rules to prevent incorrect account combinations
from being created by dynamic insertion.
 If you are defining an Accounting Flexfield for Oracle Projects, you must define
your segment with the Allow Dynamic Inserts option set to Yes.

23. Difference between Standard Accrual and Standard Cash?

Standard Accrual

Accrual accounting recognizes revenue and expenses when they are earned or incurred, providing a
more accurate reflection of financial performance over time
Cash accounting recognizes revenue and expenses only when cash is received or paid, focusing
primarily on cash flows.

In the case of Standard Accrual, Invoice and Payment Accounting will be there.
Reason: Transaction happens in two phases.
Order goods and receive goods(Create PO, Create Receipt), (Create Invoice and account it)
Pay the amount for received goods within the due time set by the supplier( Pay the invoice
and account for it)
Since you are not paying the amount immediately, you need to keep track of the amount
needed to pay to the supplier after phase one. You maintain this amount in liability/C(Cr).
After the second phase, you debit your LiabilityA/C and credit your CashA/C which shows
your cash flow from your organization to the supplier.

Standard Cash
In the case of Standard Cash, only payment accounting will be there.
Reason: While purchasing an item you pay the amount immediately to the supplier. So you
don’t have any debt to the supplier to record. so there is nothing to record in LiabiltyA/C.

24. Explain Flexfield and Segment Qualifiers in GL??

 Need to assign qualifiers to individual accounting key flex field segments to identify
or represent the purpose of COA.
 Natural Account Each Accounting Flexfield structure must contain only one natural
account segment. When setting up the values, you will indicate the type of account as
Asset, Liability, Owner’s Equity, Revenue, or Expense.
 Balancing Account Each structure must contain only one balancing segment. Oracle
General Ledger ensures that all journal balances for each balancing segment.
 Cost Center This segment is required for Oracle Assets. The cost center segment is
used in many Oracle Assets reports and by Oracle Workflow to generate account
numbers. In addition, Oracle Projects and Oracle Purchasing also utilize the cost
center segment.
 Intercompany General Ledger automatically uses the intercompany segment in the
account code combination to track intercompany transactions within a single ledger.
This segment has the same value set and the same values as the balancing segment.
 Secondary tracking segment

25. What are Primary Ledger Vs Secondary Ledger Vs Reporting

Currency?

Primary Ledger Vs Secondary Ledger

Use secondary ledgers for supplementary purposes, such as consolidation, statutory reporting,
or adjustments for one or more legal entities within the same accounting setup.
For example, use a primary ledger for corporate accounting purposes that use the corporate
chart of accounts and sub-ledger accounting method, and
use a secondary ledger for statutory reporting purposes that use the statutory chart of accounts
and sub-ledger accounting method.
This allows you to maintain both a corporate and statutory representation of the same legal
entity’s transactions in parallel.
Reporting Currency Vs Secondary Ledger
Reporting Currencies are not the same as secondary ledgers. Looking at the 4 C’s that define
a ledger, we have a chart of accounts, calendar, accounting method, and currency. If you only
need multiple currencies to support your reporting requirements, use reporting currencies. If
you need to account for your data using different calendars, charts of accounts, or accounting
methods in addition to currency, use a secondary ledger.

Primary Ledger: Usually, transactions are entered in the functional currency—that is, the
currency of the nation in which the organisation conducts business—in the primary ledger.
Secondary Ledger: Organisations can keep records in multiple reporting currencies or
accounting standards in addition to the primary ledger by using secondary ledgers.
Reporting Currency: The currency used to generate financial reports is referred to as the
reporting currency. Organisations frequently have to produce financial statements in
currencies other than the functional currency in a multi-currency environment.

26. What is the Adjusting Period?

Typically, the last day of the fiscal year is used as an adjusting period to perform adjusting
and closing journal entries. Once you begin using your accounting calendar, you cannot
change its structure to remove or add an adjusting period. Choosing whether to include an
adjusting period or not in your calendar is a very important decision. You can have an
unlimited number of adjusting periods.

27. How many types of Purchase Orders (POs)?

Standard Purchase Order: It’s a legal document to buy the goods or services by the supplier it
will be created when we know the goods or services, price, quotation, delivery schedule, and
accounting distribution and also is a one-time purchase order
Blanket PO: Blanket PO is created when you know the detail of the goods or services you
plan to buy from a specific supplier in a period, but you do not know the detail of your
delivery schedules.
Planned PO: Planned PO is a long–term agreement committing to buy items or services from
a single source. You must specify tentative delivery schedules and all details for goods or
services that you want to buy, including charge account, quantities, and estimated cost.
Contract PO: Contract PO is created when you agree with your suppliers on specific terms
and conditions without indicating the goods and services that you will be purchasing.

28. What are 2-way, 3-way, and 4-way matching?

Making payments to the suppliers in 3 ways.

whatever you have ordered for the PO we will make the payment for the suppliers in 2-
way(we will compare two documents PO and Invoice).

Eg: Suppose we Had given PO for 100 items, and for that we will receive an invoice for 100
items. so that we will make payment for that 100 items.

In 3-Way we will compare 3 documents PO+reciept+Invoice

Eg: Suppose we have ordered 100 items in PO. But we had received only 80 items, But we
had received an invoice for 100 items. so, we will make payment for only 80 items

IN 4-Way we will compare 4 documents PO+Receipt+Invoice+Inspection

Eg: Suppose we have 100 items in PO. Suppers send us 80 items We will do an inspection on
those items whatever we have received If 10 items got damaged. finally, we are going to
make payment to the 70 items only.
29. What are Payment Terms and How to define Payment Terms?
Payables use payment terms to automatically calculate due dates, discount dates, and
discount amounts for each invoice you enter. Payment terms will default from the supplier
site. If you need to change the payment terms and the terms you want to use are not on the
list of values, you can define additional terms in the Payment Terms window.
 30. What is SWEEP Program? Explain the Process Of the Sweep
Program.

This particular program is run in order to transfer an unaccounted invoice to the

next opened period during the period-end closing of Accounts Payable. In fact, you
can’t close the Payable Period if you have an Un-Accounted Invoice in Payables. In
order to negotiate (Transfer) these invoices to the next open period, this program is
run. So that the Payable period can be closed.

31. Difference between AP invoices and AR Invoices?

AP Invoice: it is nothing but what amount going out towards receiving Raw material from the
vendor or supplier. (Expenses)
AR Invoice: it is nothing but what amount coming in by selling the product to customers or
parties (Revenues)

32. What is Pre-Payment in AP?

Prepayment is Advance Payment made to suppliers by Organization or Employee.

Later it will apply to the featured debit

These are two types

1. Permanent Prepayment
2. Temporary Prepayment.

33. What is Key flex field how many types are in GL, AP, AR, & FA?

Key Flex field: is used to capture mandatory information of the organizations

 In GL 3 types 1. Accounting flex field (mandatory) 2. Reporting attribute

(optional) 3. Gl ledger flex field (optional)
 IN AP No flex fields
 IN AR Two types 1. Sales Tax Location flex field (mandatory) 2. Territory
Flexfield
 In FA Three Flex fields i.e. Category (mandatory), Asset key (mandatory), and
Locations flex field.
 34. What is Debit Memo and Credit Memo in AP?

Its negative amount was identified by the Customer and sent to the Supplier. Ex: Purchase
Returns.
Its negative amount is identified by the Supplier and sent to the Customer. Ex: TDS Payables

In Payable we are receiving the material from the supplier. so, we have to pay the amount to
the supplier. in case the supplier has sent goods more than what we ordered at the point of we
have to return the goods to reduce the accounting balance. We send a memo to the supplier is
called a debit memo or the supplier sends a memo is called a credit memo. Both of reducing
our liability.
Ex: In Payables Debit Memo and Credit Memo functionality is the same It decreases the
supplier balance (i.e. decreases the liability) Eg Supplier has sent you to invoice X with an
amount of $100 but Later we found there is a mismatch in quantity (more quantity billed)so
we will inform to customer.

Then the customer has sent you the credit memo but if the customer says send me the debit
memo then you will generate a debit memo from your end. Both are the same functionality.

What are Debit Memo and Credit Memo in AR?

 In the AR Debit memo is a Positive Amount, for example, we are selling the
product to the customer. Either we may forget to add freight charges or some
other thing. So at that time we are prepared for the Rising Debit memo is
increased the Org balance. (Customer is Under Charged at that time Org
prepare Debit memo)
 In the AR Credit memo is a Negative Amount if you billed more than your
customer then Org needs to raise the Credit memo to give the credit to your
Customer, so it is decreasing the Org balance.

Oracle Apps Functional Interview Questions For Experienced

1. How many types of AP Invoices?

Two types of invoices

1. Regular invoice
 2. Special invoice

1. Regular Invoice

 Standard invoice
 Credit memo
 Debit memo
 Prepaid invoice
 Expense report
 Quick invoice
 Mixed invoice
 PO default
 Withholding Tax invoice

2. Special Invoice

 Recurring invoice
 Interest invoice

2. How Many types of AR Invoices?

AR TRANSACTIONS (Invoice) - 7

1. Invoice
2. Credit memo
3. Debit memo
4. Deposit
5. Guaranty
6. Chargeback
7. Bills Receivables

3. Explain Approval Hierarchies in PO?

Ans: Approval hierarchies let you automatically route documents for approval.
There are two kinds of approval hierarchies in Purchasing: position hierarchy and
employee/supervisor relationships.
If an employee/supervisor relationship is used, the approval routing structures are
defined as you enter employees using the Enter Person window.

In this case, positions are not required to be set up. If you choose to use position
hierarchies, you must set up positions.

Even though the position hierarchies require more initial effort to set up, they are
easy to maintain and allow you to define approval routing structures that remain
stable regardless of how frequently individual employees leave your organization or
relocate within it.

4. Difference between Standard and mixed Invoices?

Ans:

Standard Invoices: Standard Invoices are invoices from a supplier representing an

amount due for goods or services purchased. Standard invoices can be either
matched to a purchase order or not matched. Standard invoices must be positive
amounts.

Mixed Invoices: Mixed Invoices can be matched to both purchase orders and
invoices. Mixed invoices can have either positive or negative amounts.

5. Describe a scenario in which you had to fix a serious Oracle EBS problem.
 Explain the scenarios where Expense report program going in error due to
length issue in custom program and next series of invoice exceeding the
digits and custom program was running in error in each time. Raised SR but
due to custom functionality Oracle refuses to support and 5000 employees
Expense reimbursements are on hold and high escalation. Finally, I was able
to abnormality as on daily base, I was seeing the expense report number in 1
series followed by others and then I suspect the prejudgement that is that
the case of failing and then sat with developer to check the code. Finally, we
realised the issue and communicated to code change on P3 issue and
resolved the major issue.
 Employee Expense report was not getting calculated due to employee joining
and effective date assignment was null from date of Joining and system was
not calculating the amount.
 Tell the story of Period end closure issue, where dependency on other BU in
same ledger and coordination and communication was the issue. Provided
user a custom responsibility in each of OU where they can see AP, AR, GL
open transactions for posting.
 Mafil Legacy and Oracle TB trial balance issue.

6. In Oracle EBS, how are data migrations handled?

Data migration in Oracle E-Business Suite (EBS) involves moving data from one
environment to another, such as from a legacy system to Oracle EBS or between
different instances of Oracle EBS.
The procedure usually entails removing data from the source system, modifying
it to satisfy the target system’s specifications, and then loading the data into the
target system.

7. What is the process for configuring Multi-Org in Oracle EBS?

Find the good answer.

8. How is the Chart of Accounts structured in Oracle EBS? Sequence of accounting

setup manager like Company, COA, Segments, OU, Ledger, Inv org.
9. What is the purpose of the AutoAccounting feature in Oracle EBS Financials?
10. Oracle EBS security features?
11. Oracle Reports?
12. In Oracle Receivables, what is Auto Invoice?

Auto Invoice in Oracle Receivables is a feature that automates the process of

importing and creating invoices from external sources.

It simplifies the integration of transactional data, such as sales orders or third-party

systems, into the Receivables module.

13. What is the integration between Oracle General Ledger and Oracle
Receivables?

Oracle Receivables: Oracle Receivables serves as the source for revenue and
receivables data, capturing information related to sales transactions, invoices, and
receipts.

14. How do you perform data conversions in Oracle E-Business Suite?

15. What steps would you take to migrate legacy

financial data into Oracle Fusion Financials?
16. What are Approval Hierarchies, and how are
they set up in Oracle.

17. Can you describe the hold and release mechanism for
invoices?
18. Payment Process in Oracle?
19. PO and Invoice variance in Oracle?
 20. What is a “Withholding Tax,” and how is it managed in
Oracle.
21. Period closure sync among the modules?
Check with Chatgpt.

22. How do you decide on the chart of account structure?

The Chart of account structure depends upon the reporting requirement. The factor
to be considered while creating the chart of account structure is the level of reporting
requirement such as company, products, accounts, etc.
23. How to setup journal approval? What are the ways of journal upload?

To set up a journal approval, you first need to enable the journal approval in “Ledger” and use
“BPM” work process. You can use the data loading tools like ADFDI or FDBI of Fusion
Financials application to upload the journals.

24. What is the major difference between ADFDI and FDBI template?

ADFDI has a limitation of line upload whereas there is no limitation in FDBI.

ADFDI

 The Excel sheet is ‘connected’ to the instance.

 Excel validation through a list of values.
 Regular loads/adjustments based on manually compiled data.
 Slower upload
 More User-friendly
 Desktop Excel plugin required
 Upload via Excel only
FBDI

 Bulk data conversions

 Feeds from external systems
 Data file prepared off-line
 after upload
  Very fast upload
 Load via comma-separated file ‘csv’
 No plugin required
 Off-line

25. How does consolidation work?

If there is a foreign currency journal, you are required to run re-evaluation, translation, ledger
creation and mapping set.

26. What is AP/AR Netting?

It is the setting of AP and AR invoice with the same vendor and customer outstanding.

27. What is the receipt class and method?

In the receipt class, a receipt type is created. In the receipt method, various methods
such as cash, check, etc. are there.

28. If the amount needs to be debited directly to the bank, what setup is
required?

To debit the amount directly to the bank, you need to set up cash at the bank instead of the
cash clearing account.

29. What are the different Profiles Level available in oracle apps?

The different profiles levels are:

Site (Lowest level)

Responsibility
Application
Users

30. What are the different statuses of an accounting period?

Never Opened – The user cannot enter or update journals.

Open – Allows you to enter and port journals to any period that is open.

Future Enterable – Allows you to enter a journal, but cannot post.

Closed – A user can’t post journals in a closed period. To post journals, one must reopen
the closed periods.
 Permanently Closed – Not possible to open permanently closed periods.

31. How many types of conversion rates are there in Oracle GL?

5 basic types of conversion rate types are predefined in Oracle GL:

 Spot: It is the exchange rate based on the rate fixed for a specific date. Applies to
the instant delivery of a currency.
 User: An exchange rate that is entered while entering the foreign currency journal.
 Corporate: This is an exchange rate that standardizes rates for a company. This rate
is used throughout the organisation and is generally determined by senior financial
management.
 Emu Fixed: This is an exchange rate used by nations joining the EU.
 User-Defined: Rate type defined by the company to meet specific needs.

32. What is the use of the ‘future period” field in the set of book
definition form?
Any value that is given in the field “Future Period” defines the number of future enterable periods
that can be used to input journal entries. The condition here is that those future periods should be
opened. Further, the aim here should be to minimize the number of future enterable periods. This
helps to prevent users from entering journal entries accidentally in an incorrect period.

33. What is a retained earnings account?

A retained earnings account comprises all the accumulated profit or losses of a corporation that
have been made to and fro. Based on the national standard provisions, however, other
adjustments are also included when calculating retained earnings.

34. What is a suspense account? What is its purpose?

If a user chooses to post out-of-balance/unbalanced journal entries, the general ledger posts the
difference to the Suspense Account automatically. However, to make this feature work, you
should check the Suspense Account checkbox and an Account # should also be provided.

And if you have multiple balancing entities or companies within a set of books, the GL creates a
suspense account automatically for each balancing entity.

35. What is the purpose of the stat journal?

With a statistical unit of measure, a user can link statistical amounts with monetary amounts. This
allows a user to enter monetary as well as the statistical amount in one single journal entry line.
 36. If entry is coming from sub-Ledger modules and what can be the possible reason
that it will not balance with the GL?

 Manual Entries
 Data not posted in GL
 Any Data corruption.
37. Can we update journal from Subledgers?
Yes, by disabling Freeze Journal at Journal Source.

38. User was not drilldown from GL Journals to Sub-Ledger transactions?

At journal Source level, we need to enable Import Transaction Reference.

39. Can we make a payment in different currency then Invoice Currency?

Yes, we can change the currency at the time of payment.

40. Basic setup for payment.

Create Bank, Branch and Bank Account.

Payment Document.

Payment Process Profile.

Payment format.

Payment process Request template.

41. APTB report and GL Trial Balance report reco and mismatches.

42. How to derive the Revenue account from the Inventory Item?
At auto account, we need to select a standard line to get the revenue account from an
inventory item Sales Account using the order orchestration process.

43. Can we create self approval limits for receipt write-off?

No you can´t, We need to create from a different user.

44. What is grouping rule in AR?

45. What is the use of Transaction Flexfield in Autoinvoice?
46. Automation of Accounts Payable Activity? (PO, Receipt and Invoicing)
 Payment on receipt enables u to automatically create std, unapproved invoices for payment
of goods based on receipt transaction. Invoices r created using a combination of receipt & PO
info, eliminating duplicate manual data entry, and ensuring m accurate and timely data
processing. Payment on receipt is also known as Evaluated Receipt Settlement (ERS)&
Self Billing.

Evaluated Receipt Settlement (ERS) Process for automation of AP.

47. Automatic Offset in AP?

48. What is invoice tolerance in AP?
49. Setup for automatic supplier or manual numbering in Oracle AP?
Financial Option window, you can set automatic or manual.

50. What are the stages in implementation projects in Oracle ERP?

 Planning and Preparation
 Requirements Gathering
 System Design
 Development and Configuration
 Testing (CRP1, SIT, UAT)
 Training and Change Management
 Deployment and Go-Live
 Post-Implementation Support and Optimization.

51. Interfaces in Oracle Apps?

52. What is a key flex field qualifier?
A qualifier is a label attached to a particular key flexfield segment so it can be located by the
application requiring its information. A key flexfield qualifier can be of 2 types:

 Flexfield qualifiers identify a segment in a flexfield.

 Segment qualifiers identify a value set in a segment.

Flexfield Qualifier

 NATURAL ACCOUNT: Each Accounting Flexfield structure must contain only one natural
account segment. When setting up the values, you will indicate the type of account as Asset,
Liability, Owner’s Equity, Revenue, or Expense.
 BALANCING ACCOUNT: Each Structure must contain only one balancing segment. Oracle GL
ensures that all journal balances for each balancing segment.
 COST CENTER: This segment is required for Oracle Assets. The Cost centre segment is used in
many Oracle Assets reports and by Oracle Workflow to generate account numbers.
  INTERCOMPANY: GL automatically uses the intercompany segment in the account code
combination to track intercompany transactions within a single set of books. This segment has
the same value set and the same values as the balancing segment.

Segment Qualifiers

 ACCOUNT TYPE: Asset, Liability, Owner’s Equity, Revenue, Expense, Budgetary Dr, and
Budgetary Cr.

53. What is the implication of dynamic insert?

Ans:

Dynamic Insertion is a feature that controls whether the user can enter new account code
combinations from any form/window. If this feature is disabled, then the user cannot input
new account code combinations from any window/form.
Oracle applications use a particular form (called a Combination form) for directly entering
the new code combinations. Users can enter new account code combinations only through
this form if Dynamic Insertion is disabled.

54. Type of Flexfleld and segment qualfiers?

55. Cross validation and security rule?
56. Translation, revaluation, and Consolidation process in GL?
57. For translation, what setup requires?
Cumulative translation adjustment account.

58. Transfer of balances from Primary Ledger to Secondary or Reporting Ledger?

59. What are the 4c´s.
60. What is the implication of the ‘future period” field in the set of
book definition forms?

Ans: The value mentioned in the Future Period field represents the number of future enterable periods
that users can use to input journal entries (provided those future periods are opened). However,
consideration must be given to minimize the number of future enterable periods to prevent users from
accidentally entering journal entries in an incorrect period.

If you provide future enterable period as 3, then from current open period, user can enter next three
periods entry from current month.

61. How many tabbed regions are there in the Accounting Setup manager form in Oracle
EBS? What are the names of these tabbed regions?

The setup steps are:

 Legal Entity
 Primary Ledger
 Reporting Currencies
 Balancing Segment Value Assignments
 Subledger Accounting Options
 Operating Units
 Intercompany Accounts
 Intercompany Balancing Rules
 Sequencing
 Secondary Ledgers
LinkedIn Interview questions

1. What is Legal Entity?

a) Legal entity is a recognized party with rights and responsibilities given by
legislation.

2. How many Segments are in Accounting Flexfield (AFF)

b) 30 in total (Min 2 – Max 30)

3. What is the structure of KFF in the Accounting Flexfields? We create and show
you these segments in the Oracle Fusion Financials Training
a) Company
b) Department
c) Account
d) Services
e) Future Use1
f) Future Use2

4. List the mandatory Flexfield Qualifiers in Oracle fusion financials?

a) Primary Balancing Segment – Company
b) Natural Account - Account

5. What is the purpose of Dynamic Insertion?

a) At run time to create code combinations
6. What is Fiscal Calendar in Oracle Cloud Financials?
a) Fiscal Calendar (Other than Jan to December)

7. What Roles are used in GL?

a. General Accountant
b. General Accounting Manager

8. What is the role used to create User and assign roles?

a. IT Security Manager

9. What are 4C’s ?

a) Chart of Accounts
b) Calendar
c) Currency
d) Convention Method

10. What are the type of Flexfields ?

Key flexfield
Descriptive flexfield

11. Cross Validation rule applicable?

a) It’s a feature of Key flexfield, applicable on Value Sets.
12. What is the status of Periods?
a) Never Open
b) Open
c) Closed
d) Future Enterable
e) Permanently Closed

13. Newly Entered Journal Status?

a) Unposted.
b) Posting statuses.
c) Unposted
d) Pending
e) Processing
f) Selected for posting
g) Posted
h) Error

14. GL Journal posted transactions is impacted with which table ?

a. GL_Balances

15. Posted Journals can be rectified by which Process ?

a) Reverse the Journal

16. Define Mass Allocations?

a) A single journal entry formula that allocates revenues and expenses across a
group of cost centres, departments, or divisions.

17. Rate types available for Revaluation?

a) Daily rates
b) Historical rates
c) The revaluation rate is the inverse of the period-end rate.

18. Revaluation Journals are created in which currency?

a) Functional Currency

19. Definition of Retained Earnings Account in Oracle cloud financials?

a) GL posts the net balance of all income and expenses accounts from the prior
year to this account when you open the first period of a fiscal year.

20. How do you decide on the Chart of Account Structure?

a) The Chart of account structure depends upon the reporting requirement.

21. What is the purpose of Chart of Account Instances?

a) The Chart of account instance helps in duplicating a segment.

22. Types of Conversion Rates in GL?

a. Corporate b. Spot. c. User
23. If a user chooses to post out-of-balance/unbalanced journal entries, what setup
is supported?
a) Suspense Account

24. Parent and Child values can be defined through which setup?
a. Account Hierarchies

25. How can we exclude a segment value or multiple value?

a) Segment Value Security

26. How to define unique transaction number in Fusion General Ledger?

a. Document sequence

27. How you manage Journal Approvals ?

a) BPM (Business Process Management)

28. Tool to upload exchange Rates, Journals ?

a. ADFDI (Application Development Framework Desktop Integration)

29. Important Oracle Fusion General Ledger Tables

a) GL_LEDGERS
b) GL_JE_HEADERS
c) GL_JE_LINES
d) GL_CODE_COMBINATIONS
e) GL_JE_BATCHES
f) GL_IMPORT_REFERENCES
g) GL_PERIODS
h) GL_CURRENCIES
i) GL_DAILY_RATES

30. Mention the Implementation user’s required for doing setups?

a) Application Implementation Consultant
b) Functional Setup user

31. Easy way to track GL Transactions generated from Sub-Ledgers?

a) Sources

32. Easy way to track GL transactions based on activities?

a) Category

33. Mechanism to Translate Journal Balances (functional) to other currency ?

a) Secondary Ledger
b) Reporting currencies

34. Which process is used to adjust account balances denominated in a foreign

currency?
a) Revaluation
35. Which process you can use for a specific Reporting Currency, you select the
target Reporting Currency and perform the activity.
a) Translation Process

36. The transactions can only be entered but can’t be posted to which Period status?
a) Future Enterable

37. The GL period once closed, can never be opened? which status it’s in?
b. Permanently Closed status.

38. Which setup enables transactions to enter as monetary / static journals?

a) Enable stat journals

39. Difference of exchange rate transactions can be posted to which enabled

accounts in setups?
a) Realized Gain / Loss Accounts

40. Multiple Ledger’s can be handled through Single Role by which setup?
a) Data Ledger Sets

41. What is a mechanism that lets us create new fields in screens that are delivered
by Oracle.
a) DFF (Descriptive Flexfields)

42. An interface used to bring journal entries from legacy systems and other
modules into the General Ledger?
a) Journal Import

43. Different types of Flags which represent Journals?

A-Actual
B-Budget
E- Encumbrance.
44. A process of Reservation of funds for anticipated expenditure from a budget.
Encumbrance integrates GL, Purchasing and Payables modules.
a) Encumbrance

45. Types of Budgets?

a) Expenditure & Revenue Budgets

46. A period-end process of combining the financial results of separate business

subsidiaries with the parent company to form a single combined statement of
financial results.
a) Consolidation Process

47. Mechanism to modify/change the posted journals?

a) Journals Reversal

48. Maximum Number of periods that can be kept open in GL?

a) No Limit.
49. Outstanding Subledger Transactions can be identified through which report?
a) Subledger Period Close Exception report.

50. Option to move balances from Primary to Secondary Ledger?

a) Transfer Balances to Secondary Ledger