Advanced Oracle Fusion Financials Interview Questions
If you’re looking for Oracle Fusion Financials Interview Questions for Experienced or Freshers, you are in right place. There are a lot of opportunities from many reputed companies in the world. According to research Oracle Fusion Financials has a market share of about 1.1%. So, You still have the opportunity to move ahead in your career in Oracle Financials Cloud. Mindmajix offers Advanced Oracle Fusion SCM Interview Questions 2020 that helps you in cracking your interview & acquire dream career as Oracle Fusion Financials Functional Consultant.
Oracle Fusion Interview Questions
Q1) What exactly does Oracle mean by ‘Fusion’?
Ans: Oracle Fusion Applications is the name of new business software applications that generally came to be available in October 2011. The market started talking about fusion applications many years ago. Oracle also adopted the name fusion which is adopted by every Oracle application by simplifying all the media server layers for running functionality of varied kinds. The shift in the way people work needed to be reflected in enterprise application solutions.
Q2) Why did Oracle decide to build a new product from scratch?
Ans: Oracle decided to start from zero where the one reason behind it is that Oracle needed to define development roadmap for all of the ERP systems it owns. Well, this might not have been the most important reason; it was far from the only reason. Another that today many organizations are embracing service-oriented applications and they want industry standard applications platform and ERP system needed to adapt to it.
Businesses are evolving into the new, more social network environments the company sees their employees are connected through chat, social networking sites, online communities, and also sort of capabilities that are used for our personal lives on a daily basis.
Q3) What is Oracle Fusion Apps Goals?
Ans: It has been significantly observed that it has been used in new standards for innovation, work, and adoption respectively. Building a product on an open standard which allows the organizations to the lower cost by having commonly available skills in the marketplace. Lower the risk of integration with other applications which in turn makes it easier to configure, maintain, and protect all your configurations during the upgrades. Companies have to adapt to the challenges of the market and the configurations of the current systems that are hard to change in the fast environment.
Q4) What is Oracle Fusion Middleware?
Ans: Oracle Fusion Middleware is a foundation for innovation built to improve efficiency by providing agility. This seeks to provide help for carrying out the business on a digital platform significantly. The entire process ensures high performance, agility, longevity with reliability at any scale respectively. This will also eventually help in lowering the cost of the organization to experience more productivity at work respectively. They dynamically provide a cutting-edge solution for the betterment of business growth in a significant way.
Q5) What Are Choices Recommended As Far As Adopting Fusion Applications?
Ans: The application helps to run and manage every program irrespective of software and hardware in an efficient way. To configure a business systematically and strategically the middleware act as a key driving component to a large extent considerably. Therefore, the key components include are Business Intelligence, User Interaction, Application Grid, Content Management, and many others in a wider spectrum respectively.
Q6) Are Oracle Fusion Application Available for Purchase?
Ans: Oracle Fusion Application is highly available for the customer’s purchase in every marketplace respectively. The customers can easily buy and upgrade it on a specific time period according to its choice of preference. The entire process needs to be done under Oracle Authorized Certification for all such migration/purchasing program. The Oracle authority will solely review and study the customer’s preferences in its initial release.
Q7) Did Anyone Deployed Fusion, And How Exactly Are They Doing?
Ans: It has been noted so far only one such successful incident which was solely announced by Oracle Press Release.
Q8) What Is Early Adopter Of Oracle Fusion Applications?
Ans: There are various services under the early adopter program which include:
- The Oracle solely handles service requests.
- They assemble meetings for a required project and also organized special training of system integrators.
- It also looks into the customer’s requirements and tries to figure out to meet their needs responsively.
- They also provide customer support both before and after go-live.
Q9) Are Oracle Fusion Applications A Replacement For The Existing Oracle Applications, Such As Oracle E-business Suite, Peoplesoft Enterprise, Oracle’s Jd Edwards Applications And Siebel CRM?
Ans: It is falsely and wrongly stated as it is a new set of applications in the Oracle Fusion apps. There are widely used in the previous application such as the Oracle E-Business Suite has given the Oracle Fusion concept. Likewise, Siebel has given the CRM concept.
Q10) What Are Different Available Deployment Options Are Available For Fusion?
Ans: The varied deployment options are as follows:
1. Private Cloud
2. On-Premise
3. Public Cloud
4. Hybrid Cloud
Q11) What Are The Licensing Requirement Of Oracle Fusion Applications?
Ans: The official Oracle website contains much of the detailed information about the pricing information as well as the licensing requirements for the buyers. They have covered various areas of the application process such as human capital management, CRM, project portfolio management, and many others in a wider spectrum.
Q12) How is security for Oracle Fusion Application?
Ans: The application is highly secured with the widely known features such as:
1. Data Security
2. RBAC
3. Privacy
4. Function Security
Access provisioning and identity management: Eventually for the initial setup the application creates an initial user which is highly recommended and necessary for the entire setup thing. The Oracle Fusion Middleware is integrated through Oracle Fusion Application to make the Oracle IM available. The various possibilities include are user account linking, user identities are managed and programmed, user control is managed, OIM workflow is also managed during the entire procedure significantly.
Segregation of duties policies: The program is solely responsible in the activity of processing, approving, recording in identifying or prevents the various programming error over data transformation, tools, technologies to access everything in a free-flowing process respectively.
Q13) How about the data model for Fusion?
Ans:
1. The global organization required a flexible enterprise structure with the help of logical stripping data.
2. The various bunnies units look after and manage the transaction data respectively.
3. Sets of codes can be used for various business units.
4. It solely uses a hierarchy model to offer flexibility in carrying out the business process in an organized way.
Q14) Does Fusion Application have a flex field features?
Ans: It is absolutely stated rightly that Fusion Application does have flex field feature which generally features three types:
1. Key Flex fields
2. Descriptive Flex Fields
3. Extensible Flex Fields
These three types of flex field help in the process of configuring the application for the implementers with the sole support of the Oracle Fusion Applications respectively.
Q15) What is so special about Fusion User Interface?
Ans: The Fusion User Interface is the best of its kind compared to another application in the market. It is widely used by the customers in the most convenient way which eventually gains huge productivity profit significantly.
1. The business needs are significantly fulfilled with a role-based dashboard respectively.
2. Bind together the entire worklist significantly.
3. It provides reference information with contextual help.
4. The search experience option with relevant data.
5. Associate keyboard with tagging feature.
6. Person contact information related to your work or task respectively.
Q16) Is this application is available for download?
Ans: The Oracle E-delivery offers to provide only the Beta Version of the application which can be downloaded in general by all users.
Q17) What is different about Oracle Fusion Applications?
Ans: The application is solely used for usability compared to most other applications in the market. It is widely used not for functionality but its key feature is its usability to a large extent significantly. The testing session is done by the great usability team under the Oracle authority. They work as a whole team and emphasis the design pattern, guideline, and scheduling of the work respectively. Thus, the application could easily carry forward the entire work process with the intelligent user experience.
Q18) How about the approval Management in Fusion Application?
Ans: In the Fusion Applications, the human workflow is solely managed by the AMX which acts as an assignment manager to model down approval patter based on your work needs and preferences respectively.
Q19) How about audit feature in Fusion Application?
Ans: To handle all kinds of work-related task the Fusion Application applies the Oracle Fusion Middleware Audit Framework respectively. The accountability of any work process is solely handled by the audit feature significantly.
Q20) What Are The Other Replacement Feature In Fusion That Makes A Difference To Ebs User?
Ans: Some of the few optional features include:
1. OICM is replaced by the Access Control Governor.
2. Date Track is replaced by the Date Effectivity.
3. Operating Unit is replaced by the Business Unit.
4. FND User is replaced by the Identity Manager.
Q21) What Is Replacement Of Processing Like Concurrent Program Or Concurrent Manager Similar To Ebs In Fusion?
Ans: The entire process built up for scheduling, defining, and running varied kinds of jobs that are eventually run on high demand or run to schedule them for the future.
Q22) What are the major footprints in Fusion Financial Management?
Ans: The Oracle Fusion Application suite consists of an element named the Fusion Financial Management. The application helps to access information with real-time intelligence. There are various features which describe the Fusion Financial Management are:
1. Asset Management
2. Payments and collection
3. Accounts Payable
4. Cash and Expense Management
5. General Leader
6. Accounts Receivable
Q23) What are Major benefits for Ebs Financials Users?
Ans: There are several user benefits for Ebs Financial Users which are highly recommended are:
1. Centralized inter-unite setup and processing
2. Shared reference data
3. Flexible cash positioning with multi-level access
4. AP matching with rules-based engine
5. Cash advances and travel authorization
6. Open item reconciliation processing
7. Comprehensive budgetary controls
8. They can see Graphical hierarchies
Q24) What are the major benefits for Psft Financial Users?
Ans: There are several user benefits for Psft Financial Users which are highly recommended are:
1. Advanced Collection
2. Bill Presentment Architecture
3. Cash basis accounting
4. Credit card processor integration
5. Advanced Collection
Q25) What Is Re-sequencing And Dynamic Routing In Mediator?
Ans: It is a process of reordering of messages to prevent it from going in a wrong format in the Oracle Mediator. Therefore, it widely acts as re-sequencing of the jumbled data or message in a sequential way for a better understanding of the work process respectively. Hence, the entire process requires the re-sequencing of the message widely. This entire process is applicable for all operations or a preferable specific operation.
Dynamic Routing act as a running technique to detect the exact routing path to solve the arising problem by re-routing to various other paths or directions.
Q26) What is Echo in Oracle Mediator?
Ans: To make it act or respond to a callable service the echo option is used for such purpose. It widely helps in the smooth functioning of the Oracle Mediator without the need of a specific route to run the service. The Oracle Mediator responsible carry out the different functions such as an assignment, transformation, scheduling, and much other. This will eventually help to echo the Oracle Mediator back to the application.
Q27) What is Schematron Validation?
Ans: An inbound message can be validated by Schematron Validation. It largely supports the Schematron version 1.5 respectively for validating the messages. To validate the XML the Schema language is used considerably.
Q28) What is File De Batching?
Ans: When multiple messages can be found in a single file the user can select to publish its choice of message in a specified number of batches respectively. This entire process is considerably named as de-batching. The files such as native format and XML are supported for de-batching.
Q29) What is the role of Oracle Mediator?
Ans: Oracle Mediator carries out the key features which act as a key component to deal with callbacks, returned responses, and faults or error issues respectively. The Oracle Mediator works as an intermediator between various services and events for a significant service invocation. Thus, the Oracle Mediator provides services on validation, evaluating, routing rules, and much other. Therefore, the key features of the Oracle Mediator are:
1. Synchronous and Asynchronous Interactions
2. Transformations
3. Header-Based Routing
4. Validation
5. Error Handling
6. Event Handling
7. Dynamic Routing
8. Multiple Part Message Support
9. Java Callouts
10. Oracle Mediator Echo Support
Q30) What is the foundation for Fusion Application?
Ans: The application is basically built on the open standard platform which tends to very strongly powerful for the industrial-leading growth. The application seeks to provide business intelligence, security, searching capability, user interface framework, collaboration, and various others based on the Oracle Fusion Application.
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