Oracle Fusion Financials Interview Questions and Answers

Q1) What exactly does Oracle mean by ‘Fusion’?

Ans: Oracle Fusion Applications is the name of new business software applications that generally came to be
available in October 2011. The market started talking about fusion applications many years ago. Oracle also
adopted the name fusion which is adopted by every Oracle application by simplifying all the media server
layers for running functionality of varied kinds. The shift in the way people work needed to be reflected in
enterprise application solutions.

Q2) Why did Oracle decide to build a new product from scratch?

Ans: Oracle decided to start from zero where the one reason behind it is that Oracle needed to define a
development roadmap for all of the ERP systems it owns. Well, this might not have been the most important
reason; it was far from the only reason. Another that today many organizations are embracing service-oriented
applications and they want industry-standard applications platform and ERP system needed to adapt to it.

Businesses are evolving into the new, more social network environments the company sees their employees
are connected through chat, social networking sites, online communities, and also sort of capabilities that are
used for our personal lives on a daily basis.

Q3) What is Oracle Fusion Apps Goals?

Ans: It has been significantly observed that it has been used in new standards for innovation, work, and
adoption respectively. Building a product on an open standard which allows the organizations to the lower cost
by having commonly available skills in the marketplace. Lower the risk of integration with other applications
which in turn makes it easier to configure, maintain, and protect all your configurations during the upgrades.
Companies have to adapt to the challenges of the market and the configurations of the current systems that are
hard to change in the fast environment.

Q4) What is Oracle Fusion Middleware?

Ans: Oracle Fusion Middleware is a foundation for innovation built to improve efficiency by providing agility.
This seeks to provide help for carrying out the business on a digital platform significantly. The entire process
ensures high performance, agility, longevity with reliability at any scale respectively. This will also eventually
help in lowering the cost of the organization to experience more productivity at work respectively. They
dynamically provide a cutting-edge solution for the betterment of business growth in a significant way.
Q5) What Are Choices Recommended As Far As Adopting Fusion Applications?

Ans: The application helps to run and manage every program irrespective of software and hardware in an
efficient way. To configure a business systematically and strategically the middleware act as a key driving
component to a large extent considerably. Therefore, the key components include are Business Intelligence,
User Interaction, Application Grid, Content Management, and many others in a wider spectrum respectively.

Oracle Fusion Technical Interview Questions

Q6) Are Oracle Fusion Application Available for Purchase?

Ans: Oracle Fusion Application is highly available for the customer’s purchase in every marketplace
respectively. The customers can easily buy and upgrade it on a specific time period according to its choice of
preference. The entire process needs to be done under Oracle Authorized Certification for all such
migration/purchasing program. The Oracle authority will solely review and study the customer’s preferences in
its initial release.

Q7) Did Anyone Deployed Fusion, And How Exactly Are They Doing?

Ans: It has been noted so far only one such successful incident was solely announced by Oracle Press
Release.

Q8) What Is Early Adopter Of Oracle Fusion Applications?

Ans: There are various services under the early adopter program which include:

 The Oracle solely handles service requests.

 They assemble meetings for a required project and also organized special training of system integrators.

 It also looks into the customer’s requirements and tries to figure out to meet their needs responsively.

 They also provide customer support both before and after go-live.

Q9) Are Oracle Fusion Applications A Replacement For The Existing Oracle Applications, Such As Oracle E-
business Suite, Peoplesoft Enterprise, Oracle's Jd Edwards Applications, And Siebel CRM?

Ans: It is falsely and wrongly stated as it is a new set of applications in the Oracle Fusion apps. There are
widely used in the previous application such as the Oracle E-Business Suite has given the Oracle Fusion
concept. Likewise, Siebel has given the CRM concept.

Q10) What Are Different Available Deployment Options Are Available For Fusion?
Ans: The varied deployment options are as follows:

1. Private Cloud
2. On-Premise
3. Public Cloud
4. Hybrid Cloud

Q11) What Are The Licensing Requirement Of Oracle Fusion Applications?

Ans: The official Oracle website contains much of the detailed information about the pricing information as well
as the licensing requirements for the buyers. They have covered various areas of the application process such
as human capital management, CRM, project portfolio management, and many others in a wider spectrum.

Q12) How is security for Oracle Fusion Application?

Ans: The application is highly secured with widely known features such as:

1. Data Security
2. RBAC
3. Privacy
4. Function Security

Access provisioning and identity management: Eventually for the initial setup the application creates an
initial user which is highly recommended and necessary for the entire setup thing. The Oracle Fusion
Middleware is integrated through Oracle Fusion Application to make the Oracle IM available. The various
possibilities include are user account linking, user identities are managed and programmed, user control is
managed, OIM workflow is also managed during the entire procedure significantly.

Segregation of duties policies: The program is solely responsible for the activity of processing, approving,
recording in identifying or prevents the various programming error over data transformation, tools, technologies
to access everything in a free-flowing process respectively.

[Related Blogs: Oracle Fusion Cloud Technical Interview Questions

Q13) How about the data model for Fusion?

Ans:
1. The global organization required a flexible enterprise structure with the help of logical stripping data.
2. The various bunnies units look after and manage the transaction data respectively.
3. Sets of codes can be used for various business units.
4. It solely uses a hierarchy model to offer flexibility in carrying out the business process in an organized way.

Q14) Does Fusion Application have flex field features?

Ans: It is absolutely stated rightly that Fusion Application does have flex field feature which generally features
three types:

1. Key Flex fields

2. Descriptive Flex Fields
3. Extensible Flex Fields

These three types of flex fields help in the process of configuring the application for the implementers with the
sole support of the Oracle Fusion Applications respectively.

Q15) What is so special about Fusion User Interface?

Ans: The Fusion User Interface is the best of its kind compared to another application in the market. It is widely
used by the customers in the most convenient way which eventually gains huge productivity profit significantly.

Some of its good features include:

1. The business needs are significantly fulfilled with a role-based dashboard respectively.
2. Bind together the entire worklist significantly.
3. It provides reference information with contextual help.
4. The search experience option with relevant data.
5. Associate keyboard with tagging feature.
6. Person contact information related to your work or task respectively.

Q16) Is this application is available for download?

Ans: The Oracle E-delivery offers to provide only the Beta Version of the application which can be downloaded
in general by all users.
Q17) What is different about Oracle Fusion Applications?

Ans: The application is solely used for usability compared to most other applications in the market. It is widely
used not for functionality but its key feature is its usability to a large extent significantly. The testing session is
done by the great usability team under the Oracle authority. They work as a whole team and emphasis the
design pattern, guideline, and scheduling of the work respectively. Thus, the application could easily carry
forward the entire work process with the intelligent user experience.

Q18) How about the approval Management in the Fusion Application?

Ans: In the Fusion Applications, the human workflow is solely managed by the AMX which acts as an
assignment manager to model down approval patter based on your work needs and preferences respectively.

Q19) How about the audit feature in the Fusion Application?

Ans: To handle all kinds of work-related tasks the Fusion Application applies the Oracle Fusion Middleware
Audit Framework respectively. The accountability of any work process is solely handled by the audit feature
significantly.

Q20) What Are The Other Replacement Feature In Fusion That Makes A Difference To Ebs
User?

Ans: Some of the few optional features include:

1. OICM is replaced by the Access Control Governor.

2. Date Track is replaced by the Date Effectivity.
3. Operating Unit is replaced by the Business Unit.
4. FND User is replaced by the Identity Manager.

Q21) What Is Replacement Of Processing Like Concurrent Program Or Concurrent Manager

Similar To Ebs In Fusion?

Ans: The entire process built up for scheduling, defining, and running varied kinds of jobs that are eventually
run on high demand or run to schedule them for the future.

Q22) What are the major footprints in Fusion Financial Management?

Ans: The Oracle Fusion Application suite consists of an element named Fusion Financial Management. The
application helps to access information with real-time intelligence. There are various features which describe
the Fusion Financial Management are:

1. Asset Management
2. Payments and collection
3. Accounts Payable
4. Cash and Expense Management
5. General Leader
6. Accounts Receivable

Q23) What are the Major benefits for Ebs Financials Users?

Ans: There are several user benefits for Ebs Financial Users that are highly recommended are:

1. Centralized inter-unite setup and processing

2. Shared reference data
3. Flexible cash positioning with multi-level access
4. AP matching with rules-based engine
5. Cash advances and travel authorization
6. Open item reconciliation processing
7. Comprehensive budgetary controls
8. They can see Graphical hierarchies

Q24) What are the major benefits for Psft Financial Users?

Ans: There are several user benefits for Psft Financial Users that are highly recommended are:

1. Advanced Collection
2. Bill Presentment Architecture
3. Cash basis accounting
4. Credit card processor integration
5. Advanced Collection

Q25) What Is Re-sequencing And Dynamic Routing In Mediator?

Ans: It is a process of reordering messages to prevent them from going in the wrong format in the Oracle
Mediator. Therefore, it widely acts as re-sequencing of the jumbled data or message in a sequential way for a
better understanding of the work process respectively. Hence, the entire process requires the re-sequencing of
the message widely. This entire process is applicable for all operations or a preferable specific operation.

Dynamic Routing act as a running technique to detect the exact routing path to solve the arising problem by re-
routing to various other paths or directions.

Q26) What is Echo in Oracle Mediator?

Ans: To make it act or respond to a callable service the echo option is used for such purpose. It widely helps in
the smooth functioning of the Oracle Mediator without the need of a specific route to run the service. The
Oracle Mediator responsible carry out the different functions such as an assignment, transformation,
scheduling, and much other. This will eventually help to echo the Oracle Mediator back to the application.

Q27) What is Schematron Validation?

Ans: An inbound message can be validated by Schematron Validation. It largely supports the Schematron
version 1.5 respectively for validating the messages. To validate the XML the Schema language is used
considerably.

Q28) What is File De Batching?

Ans: When multiple messages can be found in a single file the user can select to publish its choice of message
in a specified number of batches respectively. This entire process is considerably named as de-batching. The
files such as native format and XML are supported for de-batching.

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Q29) What is the role of the Oracle Mediator?

Ans: Oracle Mediator carries out the key features which act as a key component to deal with callbacks,
returned responses, and faults or error issues respectively. The Oracle Mediator works as an intermediator
between various services and events for a significant service invocation. Thus, the Oracle Mediator provides
services on validation, evaluating, routing rules, and much other. Therefore, the key features of the Oracle
Mediator are:
 1. Synchronous and Asynchronous Interactions
2. Transformations
3. Header-Based Routing
4. Validation
5. Error Handling
6. Event Handling
7. Dynamic Routing
8. Multiple Part Message Support
9. Java Callouts
10. Oracle Mediator Echo Support

Q30) What is the foundation for Fusion Application?

Ans: The application is basically built on the open standard platform which tends to very strongly powerful for
industrial-leading growth. The application seeks to provide business intelligence, security, searching capability,
user interface framework, collaboration, and various others based on the Oracle Fusion Application.