Oracle Apps R12 Financials Interview Questions and Answers

• How many flex fields are there in Oracle Financials

  
  

• What are the benefits of flex fields

  
  

• What is segment qualifier

  
  

• Implication of dynamic inserts

  
  

• What is key flex field qualifier

  
  

• Types of key flex field qualifiers

  
  

• What is short hand aliases

  
  

• What is a period in oracle general ledger and types of periods

  
  

• What is value set security type

  
  

• What are the types of value sets

  
  

• What are the cross validating rules

  
  

• What is a value set and value set list types

  
  

• What are the types of flex fields

  
  

• Difference between key and descriptive flex fields

  
  

• What are the essential components of GL primary ledger

  
  

• What are concepts used during definition

  
  

• How many types of conversion rates are there in general ledger

  
  

• What is retained earnings account

  
  

• What is the purpose of translation adjustment account

  
  

• Different statuses of accounting periods

  
  

• What is a adjusting period and its implication

  
  

• What are the steps for creating primary ledger

  
  

• Ledger options

  
  

• What are the journal types

  
  

• Integrating journal entries with general ledger module

  
  

• Define Accounting cycle

  
  

• What is accounts payable

  
  

• What is the meaning of invoice

  
  

• P2P cycle flow

  
  

• Sample process flow for p2p cycle

  
  

• Pay cycle

  
  

• How many types of purchase orders and agreements are there

  
  

• Difference between AP invoice and AR invoice

  
  

• What is invoice

  
  

• Types of invoice

  
  

• Difference between standard invoice and mixed invoice

  
  

• What is pre payment in AP

  
  

• Types of AP invoices

  
  

• Difference between debit memo and credit memo

  
  

• What is invoice validation process

  
  

• Explain the receipt routing methods

  
  

• What are the purchasing modes in receiving

  
  

• What are the different matching levels, explain them

  
  

• What is payment terms and how to define payment terms

  
  

• What are the different types of transaction types in receivables

  
  

  
  

Who should take this course

Any Professional with Basic Knowledge on Financials Concept