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Sun, 03 Dec 2023
We have prepared Oracle fusion financials Accounts Payable module interview questions and below is the list, if any corrections are required please post your feedback in the comments sections.
Ans: Accounting flexfield
Ans: No, we cannot update/Create manually. We can load only though Create daily rates ADFDI sheet
Ans: Upto invoice is created, liability is recorded in Exp AP Accrual account or Inv AP Accrual Account. When invoice is matched against a PO/Receipt, AP Accrual is relieved and Liability will get accrued in Payables. Once invoice is paid, liability is relieved.Hence in invoice, the accounting entries would be
During Invoice entry
APAccrualA/C-Dr (Expense A/C in case of Expense Reports)
Liability A/C - Dr
Bank/Cash A/C – Cr
· Chart of account Structure instance
· Primary, Secondary and Third balancing segments
· Hyperion tool FRS replaces FSG
Ans: BI Enables option at Chart of accounts structure instance
Ans: Manual entries, Data not posted to GL or any data corruption
Ans: Yes by disabling option freeze journal at Journal source
Ans: At journal source level, we need to enable import transaction reference
Ans: When you are using Fixed assets and Projects
Ans: Yes, we can change currency at the time of payment.
Ans: No, we need to run Prepare Payables to General Ledger Reconciliation job before running the Payables to ledger reconciliation
Ans: Most common option is using FBDI approach
Ans: No, we cannot. We need either use the Enterprise set or custom RDS
Ans: At auto account, we need to select a standard line to get the revenue account from an inventory Items sales account using the order orchestration process
Ans: No, You cannot. We need to create from a different user.
We also discuss these interview questions during our Oracle Fusion Financials Online Training sessions and will make students to be ready to face the interview from beginner to experienced level.
All The Best,
Tech Leads IT