Thursday, November 26, 2009

Oracle Apps Finance Functional Interview Questions

Below were the questions asked recently in an Interview for Finance Functional of 5+ years experience

General
- Tell about yourself and your experience
- How many implementations & Support projects?

Accounts Receivable
- Explain Quote to Cash Process with Accounting Entries
- What are the parameters of the Auto-Invoice Program?
- How is the GL Date derived by AutoInvoice process? Any set-ups?
- What is the use of the Default GL Date given in parameters of the Autoinvoice import program?
- Can it be set that the GL date is the Sale Order date or Ship to Date?
- Can multiple Sales Orders be invoiced under one Invoice?
- Can Adjustments be imported?
- Can Credit memo be imported and applied to the transactions via Autoinvoice?
- Grouping Rules and Line Ordering Rules
- Allow Overapplication option
- Invoice in Arrears
- Is it possible to import invoices of a specific Sales Order?
- Can closed AR Invoices be imported using AutoInvoice?

Payables
- Can Supplier numbering be set to automatic?
- P2P process along with accounting entries
- Allow Final Match option & Match PO Distribution level
- Substitute receipts and Unordered Receipts
- What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?
- How is a foreign currency invoice entered in AP?
- When does the Invoice price variance arise? What is the accounting entry?
- What is the concept of ERS?

General Ledger
- Set-ups required from GIS / Inter-company & the process
- Consolidation; What kind of consolidation have you worked on?
- Is there a need to have separate responsibility for MRC?
- Separate set of books required for translation?
- Can journals imported from sub-ledger, if unposted, be modified?
- What is the significance of 'Import journal references' option at journal source?
- What are the options available to import Exchange rates into Oracle Application?
- What kind of budgets have you worked on?
- How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

2 comments:

  1. Hello Sai Babu,

    Post some questions on SCM also yaar..hamara bhi udhaar kardo swami...

    Nice work dear..keep it up.

    Regards
    Gopal

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