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Oracle Fusion Financials Interview Questions and Answers

What’s Oracle Fusion Applications?

Oracle Fusion Applications is that the next generation of applications from Oracle. the whole product relies on experiences nonheritable with previous Oracle Applications offerings such as: Oracle E-Business Suite, Oracle’s Siebel CRM, Oracle’s PeopleSoft Enterprise, and others, this new product was developed from scratch and written victimization the Java . the look and practicality used input from Oracle customers that give input via the client Council for this product.

once can Oracle Fusion Applications Be Available?

Earlier Oracle proclaimed that Fusion Apps are obtainable in 4Q2010 (fourth quarter of year 2010) for a restricted set of consumers. this could be a part of the first parent program for this giving. Oracle Fusion Applications area unit finally nearing GA (General Availability), however not confirmed nonetheless.

What area unit selections counselledas so much As Adopting Fusion Applications?

GA date isn’t obtainable for Fusion nonetheless, thus Oracle recommends these 3 choices to customer:

Augmentation: for those existing customers can implement modules from the Oracle Fusion Applications suite to enhance their existing Oracle Applications Unlimited implementations. Associate in Nursing example of augmentation is Associate in Nursing existing Oracle E-Business Suite (EBS) financials and HCM user implementing the talent management practicality from Oracle Fusion Applications aboard the prevailing east by south implementation.

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area unit Oracle Fusion Applications A Replacement For the prevailing Oracle Applications, like Oracle E-business Suite, Peoplesoft Enterprise, Oracle’s Jd Edwards Applications And Siebel CRM?

No, Not At all. Oracle Fusion Apps could be a new set of applications. It uses several ideas from previous applications. for instance, the ERP ideas area unit taken from Oracle E-Business Suite. The CRM conception is taken from Siebel. However, the design of Fusion Apps is completely different from previous offerings. By design, there’s an excellent mutuality between Fusion Apps and Oracle Fusion Middleware.

Considering the challenges that client could face in following a migration to Fusion Apps, Oracle is well recommending a “coexistence” approach that helps existing customers of a selected Oracle application.

what’s Oracle Fusion Middleware?

Oracle Fusion Middleware 11g provides the underlying infrastructure to run and manage all of your package and hardware architectures. Middleware is that the key to driving efficiencies and will be thought-about a business imperative. Fusion Middleware includes Development Tools; User Interaction; Enterprise Performance Management; Business Intelligence; Content Management; SOA Management, Application Grid, Enterprise Management and Identity Management.

area unit Oracle Fusion Applications obtainable For Purchase?

Yes. Oracle Fusion Applications area unit obtainable. This fusion application came beneath seven product family’s area unit obtainable for purchasers to buy, or to upgrade to if they need a current maintenance agreement. However, Oracle has explicit  that organizations getting or upgrading to Oracle Fusion Applications will solely do therefore beneath Associate in Nursing early parent program, which all such purchases/migrations should be approved by Oracle’s govt management. These executives ought to review and approve contracts to create certain customers have business necessities which will be addressed  by the merchandise in its initial unleash.

Did anybody Deployed Fusion, and the way specifically area unit They Doing?

Till date terribly restricted data. Few month back Oracle press free proclaimed one winning announcement, this could be a part of early parent program. There is only 1 live client that has enforced some Oracle Fusion Applications practicality in Associate in nursing augmentation state of affairs.

What area unit completely different obtainable preparation choices area unit obtainable For Fusion?

Oracle Fusion Applications is obtainable with the subsequent preparation options:

On premise, hosted by the enterprise

Public cloud (available to the final public), hosted over the net by Oracle, package as a service (SaaS), or Oracle business partners giving business method outsourcing (BPO) solutions

Private cloud (available internally behind a firewall), hosted as a SaaS or BPO giving

Hybrid, Associate in Nursing implementation of each on premise and cloud.

what’s Early parent Of Oracle Fusion Applications?

The Oracle Fusion Applications Early parent client Program (EAP) is by invite solely and permits strategic customers to urge direct active access to the next-generation Fusion Applications package before general accessibility.

Oracle Highlighted the subsequent services as a part of its early parent program:

Oracle development observance of service requests: Users service requests are Monitored by development

Special coaching of system measuring instrument and enterprise resources: Development can hosts a kickoff meeting for the project, and is directly concerned in coaching client and system measuring instrument resources.

Oracle development vetting of client use cases: Oracle development resources are directly concerned in reviewing the customer’s unreal use of Oracle Fusion Applications to make sure that the customer’s necessities will be met.

Customers have direct input to Oracle development – as customers bear the implementation, they will notice some practicality doesn’t meet their specific necessities, and that they area unit able to have direct input back to development to handle these problems. However, this is often additional suited to careful purposeful problems, not major purposeful areas.

Oracle development monitors client system each before and when go-live.

What area unit The Licensing demand Of Oracle Fusion Applications?

Recently Oracle has revealed rating data for its long-awaited Fusion Applications.The official rating is out there at Oracle web site.

The list offers rating data major Fusion Applications modules like financials, procurance, PPM (project portfolio management), HCM (human capital management), SCM (supply chain management), CRM, PRM (partner relationship management) and GRC (governance, risk and compliance).

However Is Security For Oracle Fusion Application?

Oracle Fusion Applications is very secured, is of tightly coordinating  the subsequent security considerations and options.

Role-based access management (RBAC)

Function security

Data security

Privacy

Access provisioning associate degreed identity management :The Oracle Fusion Applications installation method creates an initial user and provisions that user with the administration roles necessary for initial setup. Oracle IM is accessible in Oracle Fusion Applications through integration with Oracle Fusion Middleware. Identity management in Oracle Fusion Applications involves making and managing user identities, making and linking user accounts, managing user access management through user role assignment, managing enterprise roles, and managing OIM work flow approvals and delegated administration.

Segregation of duties policies: Segregation of duties (SOD) separates activities like approving, recording, processing, associate degreed accommodative results thus an enterprise will a lot of simply stop or find unintentional errors and willful fraud social control across tools, technologies, information transformations, and access ways social control across the knowledge life cycle.

However concerning the information Model For Fusion?

Oracle Fusion Applications uses a unified information model, that could be a superset of E-Business Suite, PeopleSoft, JD Edwards, and Siebel entities and attributes. you’ll extend this information model whereas maintaining consistent linguistics.

Logical information marking offers versatile enterprise structures for international organizations.

Reference information sets alter business units to share reference information. Reference information is managed by sets.

Transactional information is managed or patterned by business units.

You can assign sets of codes to every business unit.

Oracle Fusion Applications uses Trees, a hierarchy model that gives versatile hierarchies for cross line of business processes.

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will Fusion Application Have Flex Field Feature?

Yes, like east by south, fusion application have flex field conception. Fusion is supporting primarily 3 sorts of flexfields

Descriptive flexfields

Extensible flexfields

Key flexfields

These flexfield allows alter implementers to assemble application options while not programming and absolutely supported at intervals Oracle Fusion Applications.

What’s thus special For Fusion User Interface?

Comparing to alternative Oracle application, Fusion computer program is fancy to be better of breed. it’s customer-driven have intuitive style of the applications which ends in giant productivity gains.

Is that this obtainable For Download?

Yes, Beta version is accessible for transfer from Oracle E-Delivery.

What concerning the Business method style For Fusion?

Oracle Fusion Applications uses a declarative business method style that leverages Oracle SOA Suite.

That means all SOA connected options embrace approval management flows, human workflows, Oracle Business method Management Worklist (Oracle pace Worklist), business rules, activity guides, and method configuration customization tools (Oracle SOA Composer).

Business method style is finished but significant usage of 2 languages 1) Business method Execution Language (BPEL) and 2) Business method ModellingNotation (BPMN).

However concerning the Approval Management In Fusion Application?

In Fusion, AMX is a complicated assignment manager at intervals human work flowpermitting you to model complicated approval patterns supported business rules.

However, concerning Audit Feature In Fusion Application?

Fusion Application implement Oracle Fusion Middleware Audit Framework to handle all .In alternative word as typical audit feature like providing a live of answerability .

This framework cowl many key audit options driven by compliance, monitoring, and analytics necessities.

What square measure the opposite Replacement Feature In Fusion that produces A distinction To east by south User?

Yes there square measure number of them, here square measure few:

Identity Manager in Fusion apps replaces FND User

Business Units is replaced operational Units

Access management Governor replaces OICM

Date power replaces DateTrack.

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what’s Replacement Of process Like coincidental Program Or coincidental Manager like east by south In Fusion?

Oracle Enterprise hardware provides the power to outline, schedule, and run differing kinds of jobs. you’ll run jobs on demand, or schedule them to run within the future.

November 24, 2019
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