Oracle Finance Technical Questions

Technical Interview Questions – Oracle Financials Consultant

Structured from the following three dimensions – Technology, People and Processes

Technology

General Ledger

• Explain the organisational concepts of business group, set of books, legal entity, operating unit and inventory organization and the hierarchical structure relating to these.
• What are the three C’s in relation to a set of books?
• Explain the difference between a key flexfield and descriptive flexfield
• What is the difference between a cross validation rule and a security rule?
• What is a value set and what are the different types of value sets that you will find within Oracle?

Accounts Payable

• Describe the Key Configuration decisions you would need to undertake when implementing the Accounts Payable module.
• Briefly describe the Supplier Invoice to Payment process within Oracle.

Accounts Receivable

• Describe the Key Configuration decisions you would need to undertake when implementing the Accounts Receivable module.
• Briefly describe/draw the Customer Invoice to Cash process within Oracle
• Describe the Key difference in setting up accounting for Accounts Receivable and Accounts Payable
• What happens when you have a receipt in Oracle that can't be applied to an invoice?

Fixed Assets

• Describe the key configuration decisions you would need to undertake when implementing the fixed assets module.
• Briefly describe/draw the asset additions process within Oracle.

Cash Management

• Describe the key configuration decisions you would need to undertake when implementing the cash management module.
• Outline the Statement to Reconciliation process within Oracle with particular reference to the different options you might want to consider when reconciling.

All Modules

Describe/draw the sequence of events you would undertake in closing the various financials modules.

People

• Draw a typical structure relating to project implementation and describe the role each person would play within a project.
• Describe how to implement an effective training strategy within an implementation – include the timing of training relative to the project lifecycle.
• Within an implementation describe a Change Management strategy that you would put in place.

Process

• Describe/draw the main phases of an implementation lifecycle and the key milestones and deliverables within each of these phases.
• Describe the key differences between a process and work instruction
• Within a project describe the different test phases that you might go through and what level of testing would be undertaken.
• Describe a typical process you would implement for managing Change Requests and Bug requests within your organization.