Oracle Fusion Financial Functional Consultant Interview Questions and Answers

Implementation project steps involve planning, configuration, testing, training, and deployment.

• 1. Planning phase involves defining project scope, objectives, timelines, and resources.

• 2. Configuration phase includes setting up the system based on business requirements.

• 3. Testing phase involves conducting various tests to ensure system functionality and data accuracy.

• 4. Training phase includes educating end users on how to use the system effectively.

• 5. Deployment phase involve...read more

Enterprise structure refers to the organization of a company's business units, divisions, and departments.

• It defines how different parts of the organization are related and how information flows between them

• Includes elements like legal entities, business units, divisions, and departments

• Helps in defining reporting structures, security access, and business processes

• Example: A multinational corporation may have multiple legal entities, each with its own business units and depar...read more

P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining goods or services from a supplier to making payment for them.

• The cycle starts with the need for a product or service, followed by creating a purchase order.

• Goods or services are received and matched with the purchase order and invoice.

• The invoice is then approved for payment and payment is made to the supplier.

• Finally, the transaction is recorded in the financial system for reconciliation and reporti...read more

FBDI is used in Oracle Fusion Financials for bulk data import.

• FBDI stands for File-Based Data Import

• It is used to import large volumes of data into Oracle Fusion Financials

• Data is first entered into predefined Excel templates and then uploaded into the system

• FBDI is commonly used for importing journals, invoices, and other financial transactions