Oracle Financial Apps Test

The Oracle Financial Apps assessment evaluates a candidate’s skills and knowledge in using Oracle’s financial software applications.

Available in

  • English

6 skills measured

  • Financial Reporting and Analysis
  • General Ledger Accounting
  • Accounts Receivable and Payable
  • Fixed Assets
  • Cash Management
  • Taxation

Test Type

Software Skills

Duration

20 Mins

Level

Intermediate

Questions

18

Use of Oracle Financial Apps Test

The Oracle Financial Apps assessment evaluates a candidate’s skills and knowledge in using Oracle’s financial software applications.

The Oracle Financial Apps test evaluates candidates’ knowledge and skills in using Oracle’s financial applications. The assessment covers various sub-skills, including financial reporting, accounting, and financial analysis. The assessment aims to assess a candidate’s ability to work with financial data, analyze financial statements, and manage financial operations. The ability to use financial applications is a vital skill in today’s financial world. Candidates who pass this test are proficient in using Oracle’s financial applications and can navigate the system with ease. This test is useful in hiring for financial analyst roles, accounting roles, and financial management positions. Employers can identify candidates with a strong understanding of financial systems, financial analysis, and accounting principles. The assessment aims to evaluate a candidate’s ability to manage and analyze financial data accurately and quickly, providing a clear picture of their financial acumen.

Skills measured

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The ability to analyze financial data and produce financial reports is essential for any finance-related job. This sub-skill covers financial statement analysis, variance analysis, and financial forecasting.

The General Ledger is a critical component of financial management, which records all financial transactions and creates a summary of financial activity. It's crucial to assess the candidate's knowledge of accounting principles and practices, including chart of accounts, journal entries, and financial closing processes.

This sub-skill covers the process of creating invoices, posting payments, and managing customer and vendor accounts. The candidate's knowledge of credit management, collections, and dispute resolution is also assessed.

Fixed asset management is a complex process that requires tracking and managing an organization's long-term assets. This sub-skill covers asset acquisition, asset disposal, depreciation, and revaluation.

Cash management is essential for financial planning and forecasting. This sub-skill covers the management of cash, bank reconciliation, and cash forecasting.

This sub-skill covers the knowledge of tax compliance and regulations, including income tax, sales tax, and value-added tax. Understanding tax law and regulations is crucial for any finance professional as it can have a significant impact on a company's financial statements.

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Subject Matter Expert Test

The Oracle Financial Apps test is created by a subject-matter expert

Testlify’s skill tests are designed by experienced SMEs (subject matter experts). We evaluate these experts based on specific metrics such as expertise, capability, and their market reputation. Prior to being published, each skill test is peer-reviewed by other experts and then calibrated based on insights derived from a significant number of test-takers who are well-versed in that skill area. Our inherent feedback systems and built-in algorithms enable our SMEs to refine our tests continually.

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Related tests

Top five hard skills interview questions for Oracle Financial Apps

Here are the top five hard-skill interview questions tailored specifically for Oracle Financial Apps. These questions are designed to assess candidates’ expertise and suitability for the role, along with skill assessments.

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Why this Matters?

This question assesses the candidate's practical knowledge of Oracle Financial Apps and how they have implemented it in solving business problems.

What to listen for?

Look for candidates who can clearly articulate their experience and demonstrate their technical skills in using different modules of Oracle Financial Apps.

Why this Matters?

This question assesses the candidate's experience in integrating Oracle Financial Apps with other systems, which is crucial for organizations that use multiple applications to manage their finances.

What to listen for?

Look for candidates who have experience in integrating Oracle Financial Apps with different systems and can explain the technical details of the integration process.

Why this Matters?

This question assesses the candidate's ability to generate complex financial reports using Oracle Financial Apps and their attention to detail in ensuring accuracy and completeness.

What to listen for?

Look for candidates who can explain the process of generating complex financial reports using Oracle Financial Apps and their attention to detail in ensuring the accuracy and completeness of the reports.

Why this Matters?

This question assesses the candidate's understanding of data security and privacy in the context of using Oracle Financial Apps, which is crucial for organizations that handle sensitive financial data.

What to listen for?

Look for candidates who have experience in ensuring data security and privacy while using Oracle Financial Apps and can explain the measures they have taken to secure financial data.

Why this Matters?

This question assesses the candidate's problem-solving skills in the context of Oracle Financial Apps, which is crucial for organizations that rely on the software to manage their finances.

What to listen for?

Look for candidates who can demonstrate their problem-solving skills by explaining how they identified and resolved an issue in Oracle Financial Apps. Also, listen for their approach to troubleshooting and their ability to communicate technical issues to non-technical stakeholders.

Frequently asked questions (FAQs) for Oracle Financial Apps Test

About this test
About Testlify

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Oracle Financial Apps assessment is a pre-employment test designed to evaluate the knowledge and skills of candidates in Oracle Financial Applications.

The Oracle Financial Apps assessment can be used to assess a candidate's proficiency in Oracle Financial Applications, such as Oracle Financials Cloud, Oracle E-Business Suite Financials, and more. Recruiters can use the assessment to filter out candidates who don't meet the required skillset.

Financial Analyst Financial Consultant Accountant Financial Manager Finance Director Financial Reporting Manager Finance Project Manager Financial Systems Analyst Financial Operations Manager Financial Business Analyst

Financial Reporting and Analysis General Ledger Accounting Accounts Receivable and Payable Fixed Assets Cash Management Taxation

Oracle Financial Apps assessment is essential for recruiters to assess a candidate's proficiency in Oracle Financial Applications, which are commonly used in finance, accounting, and audit domains. By using this assessment, recruiters can filter out unqualified candidates and hire professionals with the required skills and knowledge.

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