Oracle Applications Financial Interview of a candidate with 6 years of experience

1) Explain Multi-Org structure.


2) What is Dynamic insert option in Chart of Accounts?

3) How can the new account combinations be defined when dynamic insert option is not enabled?

4) What the mandatory segments in a Chart of Accounts?

5) What is the way in which a Trial Balance of a company be loaded into Oracle; assuming that there are no sub-ledger transactions to be loaded?

6) Have you worked on Conversions? Which conversions have you worked on?

7) A company has acquired another company which has been in operations for last 10 years. How will you load the assets of that company? Assuming the life of an asset to be loaded in 20 years, Will the system calculate the depreciation since the start or only for the remaining life of asset?

8) What is the difference between Amortize and Expense depreciation?

9) What is deferred depreciation in FA?

10) What is the accounting entry when an asset is retired?

11) What are the mandatory columns while developing AP Interface?

12) Explain automatic offset in AP.

13) What is Autoaccounting in AR?

14) If the COA of the parent and child are difference then how will the consolidation be done?

15) Explain the various steps in the Consolidation process

16) What are the two major differences between Revaluation and consolidation?