Oracle Financial Apps Online Test

Q: What are other important finance-related tests?

Other finance-related tests include: A/B Testing Test Financial Accounting Test Financial Analyst Test Financial & Excel Modeling Test

The Oracle Financial Apps online test evaluates a candidate's knowledge and proficiency in various financial processes and modules within Oracle E-Business Suite. It assesses their understanding of accounting, order to cash process, procure to pay process, assets management, general ledger, accounts payable, accounts receivable, cash management, financial reporting, and fixed assets.

Covered skills:

Accounting in Oracle
Order to Cash Process
Procure to Pay Process
Assets in Oracle
General Ledger
Accounts Payable
Accounts Receivable
Cash Management
Financial Reporting
Fixed Assets

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About the Oracle Financial Apps Test

The Oracle Financial Apps Online Test helps recruiters and hiring managers identify qualified candidates from a pool of resumes, and helps in taking objective hiring decisions. It reduces the administrative overhead of interviewing too many candidates and saves time by filtering out unqualified candidates at the first step of the hiring process.

The test screens for the following skills that hiring managers look for in candidates:

Able to perform accounting tasks in Oracle Financial Apps
Understanding of the Order to Cash process in Oracle Financial Apps
Knowledge of the Procure to Pay process in Oracle Financial Apps
Proficient in maintaining and managing assets in Oracle Financial Apps
Skills in General Ledger management in Oracle Financial Apps
Competency in handling Accounts Payable in Oracle Financial Apps
Proficiency in managing Accounts Receivable in Oracle Financial Apps
Understanding of Cash Management in Oracle Financial Apps
Ability to generate Financial Reports in Oracle Financial Apps
Knowledge of Fixed Assets management in Oracle Financial Apps

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Non-googleable questions

We have a very high focus on the quality of questions that test for on-the-job skills. Every question is non-googleable and we have a very high bar for the level of subject matter experts we onboard to create these questions. We have crawlers to check if any of the questions are leaked online. If/ when a question gets leaked, we get an alert. We change the question for you & let you know.

How we design questions

These are just a small sample from our library of 15,000+ questions. The actual questions on this Oracle Financial Apps Test will be non-googleable.

🧐 Question
Medium Earnings Per Share Financial Calculations Eps Calculation	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
Medium Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	Solve
Gajni Inc. issued 2000 $100 9% bonds on May 1 (year 1). These bonds are issued at 103 plus accrued interest. The bonds are dated Jan 1 (year 1) and mature on Jan 1 (year 5). Interest needs to be paid twice a year (Jan 1 and July 1). The cost of issuing the bonds, $5000 was paid by Gajni Inc. to the investment bank. What would be the net cash receipt realized by Gajni Inc. from the issuance of these bonds?
Medium Return on Capital Employed Return On Equity/investment Analysis	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
Easy Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	Solve
Phenomenal Pte. Ltd., a Singapore based company secured a new client in Germany for their SaaS business, and is expecting to receive a payment of EUR 1.3 million after 6 weeks. They want to be certain of the amount they receive and plan on using the derivates market to hedge the risk. What action would you recommend?
Medium Comprehensive income Income statement	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
Medium Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

	🧐 Question	🔧 Skill
	Medium Earnings Per Share Financial Calculations Eps Calculation	3 mins Finance	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
	Medium Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	3 mins Finance	Solve
Gajni Inc. issued 2000 $100 9% bonds on May 1 (year 1). These bonds are issued at 103 plus accrued interest. The bonds are dated Jan 1 (year 1) and mature on Jan 1 (year 5). Interest needs to be paid twice a year (Jan 1 and July 1). The cost of issuing the bonds, $5000 was paid by Gajni Inc. to the investment bank. What would be the net cash receipt realized by Gajni Inc. from the issuance of these bonds?
	Medium Return on Capital Employed Return On Equity/investment Analysis	3 mins Finance	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
	Easy Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	2 mins Finance	Solve
Phenomenal Pte. Ltd., a Singapore based company secured a new client in Germany for their SaaS business, and is expecting to receive a payment of EUR 1.3 million after 6 weeks. They want to be certain of the amount they receive and plan on using the derivates market to hedge the risk. What action would you recommend?
	Medium Comprehensive income Income statement	2 mins Accounting	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
	Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	3 mins Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
	Medium Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	3 mins Accounting	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

	🧐 Question	🔧 Skill	💪 Difficulty	⌛ Time
	Earnings Per Share Financial Calculations Eps Calculation	Finance	Medium	3 mins	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
	Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	Finance	Medium	3 mins	Solve
Gajni Inc. issued 2000 $100 9% bonds on May 1 (year 1). These bonds are issued at 103 plus accrued interest. The bonds are dated Jan 1 (year 1) and mature on Jan 1 (year 5). Interest needs to be paid twice a year (Jan 1 and July 1). The cost of issuing the bonds, $5000 was paid by Gajni Inc. to the investment bank. What would be the net cash receipt realized by Gajni Inc. from the issuance of these bonds?
	Return on Capital Employed Return On Equity/investment Analysis	Finance	Medium	3 mins	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
	Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	Finance	Easy	2 mins	Solve
Phenomenal Pte. Ltd., a Singapore based company secured a new client in Germany for their SaaS business, and is expecting to receive a payment of EUR 1.3 million after 6 weeks. They want to be certain of the amount they receive and plan on using the derivates market to hedge the risk. What action would you recommend?
	Comprehensive income Income statement	Accounting	Medium	2 mins	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
	Land Sale Balance Sheet Asset Classification Acquisition Accounting	Accounting	Medium	3 mins	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
	Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	Accounting	Medium	3 mins	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

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Why you should use Pre-employment Oracle Financial Apps Online Test?

The Oracle Financial Apps Test makes use of scenario-based questions to test for on-the-job skills as opposed to theoretical knowledge, ensuring that candidates who do well on this screening test have the relavant skills. The questions are designed to covered following on-the-job aspects:

Performing accounting tasks in Oracle Financial Apps
Understanding and executing the Order to Cash process in Oracle Financial Apps
Executing the Procure to Pay process
Managing assets in Oracle Financial Apps
Utilizing the General Ledger functionality
Processing accounts payable
Handling accounts receivable
Managing cash using Oracle Financial Apps
Generating financial reports
Administering fixed assets

Once the test is sent to a candidate, the candidate receives a link in email to take the test. For each candidate, you will receive a detailed report with skills breakdown and benchmarks to shortlist the top candidates from your pool.

What topics are covered in the Oracle Financial Apps Online Test?

Accounting in Oracle: Accounting in Oracle refers to the process of recording and managing financial transactions within the Oracle Financials system. It involves maintaining accurate and up-to-date financial records, including journal entries, balance sheets, and income statements. This skill is measured in the test to assess the candidate's knowledge and proficiency in using Oracle applications for accounting purposes.

Order to Cash Process: The Order to Cash process in Oracle involves the entire lifecycle of a customer order, starting from order creation to its fulfillment and payment. It includes tasks such as order management, inventory management, pricing, shipping, and invoicing. Measuring this skill in the test helps evaluate the candidate's understanding of the end-to-end order fulfillment process within Oracle Financials.

Procure to Pay Process: The Procure to Pay process in Oracle encompasses all activities involved in sourcing, purchasing, receiving, and paying for goods and services. It involves steps like requisitioning, supplier selection, purchase order creation, goods receipt, and invoice processing. This skill is assessed in the test to gauge the candidate's proficiency in efficiently managing the procurement process using Oracle applications.

Assets in Oracle: Assets in Oracle refers to the management and tracking of tangible and intangible assets within the Oracle Financials system. It includes tasks such as asset acquisition, depreciation calculation, disposal, and maintenance. Measuring this skill in the test helps determine the candidate's ability to effectively manage and account for assets using Oracle applications.

General Ledger: The General Ledger module in Oracle Financials is responsible for maintaining the overall financial records of an organization. It involves tasks such as journal entry posting, account reconciliation, financial statement generation, and fiscal period closing. This skill is measured in the test to assess the candidate's knowledge and expertise in using Oracle's General Ledger functionality.

Accounts Payable: Accounts Payable in Oracle involves managing and processing all outgoing payments to suppliers and vendors. It includes tasks such as invoice verification, payment processing, and expense management. Measuring this skill in the test helps evaluate the candidate's ability to efficiently handle accounts payable processes within Oracle Financials.

Accounts Receivable: Accounts Receivable in Oracle focuses on managing and tracking incoming payments from customers. It includes tasks such as invoicing, credit management, payment application, and cash reconciliation. Measuring this skill in the test helps determine the candidate's proficiency in efficiently managing accounts receivable processes using Oracle applications.

Cash Management: Cash Management in Oracle involves monitoring and managing an organization's cash flow and liquidity. It includes tasks such as cash forecasting, cash positioning, bank reconciliation, and fund transfers. This skill is assessed in the test to evaluate the candidate's knowledge and ability to effectively manage cash operations within Oracle Financials.

Financial Reporting: Financial Reporting in Oracle refers to the generation of various financial reports and statements to provide insights into an organization's financial performance. It involves tasks such as creating balance sheets, income statements, and cash flow statements. Measuring this skill in the test helps assess the candidate's proficiency in generating accurate and meaningful financial reports using Oracle applications.

Fixed Assets: Fixed Assets in Oracle refers to the management and accounting of long-term assets, such as buildings, equipment, and vehicles. It includes tasks such as asset classification, depreciation calculation, tracking asset movements, and performing periodic asset audits. Measuring this skill in the test helps determine the candidate's ability to effectively manage fixed assets using Oracle applications.

Full list of covered topics

The actual topics of the questions in the final test will depend on your job description and requirements. However, here's a list of topics you can expect the questions for Oracle Financial Apps Test to be based on.

Accounting in Oracle

Order to Cash Process

Procure to Pay Process

Assets in Oracle

General Ledger

Accounts Payable

Accounts Receivable

Cash Management

Financial Reporting

Fixed Assets

Chart of Accounts

Payables Invoicing

Receivables Transactions

Collections

Payables Payments

Receivables Adjustments

Cash Receipts

Cash Forecasting

Financial Statement Generator

Depreciation

Amortization

Journal Entries

Bank Reconciliations

Budgeting and Forecasting

Fixed Assets Register

Asset Retirement

Intercompany Transactions

Financial Analytics and Dashboards

AR/AP Aging Reports

Expense Reporting

Reconciliation of Financial Transactions

Vendor Management

Revenue Recognition

Taxation

Credit Control

Cost Management

Foreign Currency Transactions

Payment Processing

Invoice Matching

Vendor Inquiries

Discounts and Allowances

Financial System Implementation

Period Close Process

Business Process Automation

Internal Controls

Audit Trail

Revenue and Expense Allocations

Trial Balance

Fixed Assets Audits

Financial Performance Metrics

Balance Sheet Reconciliation

Financial Statement Analysis

Profit and Loss Analysis

Cash Flow Analysis

Accounting Regulations and Compliance

Risk Management

What roles can I use the Oracle Financial Apps Online Test for?

Oracle Financial Consultant
Oracle Financial Application Developer
Oracle ERP Developer

How is the Oracle Financial Apps Online Test customized for senior candidates?

For intermediate/ experienced candidates, we customize the assessment questions to include advanced topics and increase the difficulty level of the questions. This might include adding questions on topics like

Applying advanced accounting techniques
Analyzing and troubleshooting the Order to Cash process
Troubleshooting and resolving issues in the Procure to Pay process
Conducting audits and reconciliations
Creating and maintaining budgeting and forecasting
Implementing financial controls and compliance
Configuring and customizing Oracle Financial Apps modules
Optimizing financial processes using Oracle Financial Apps
Developing and implementing financial policies and procedures

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Have questions about the Oracle Financial Apps Hiring Test?

What is the Oracle Financial Apps Test?

The Oracle Financial Apps Test evaluates candidates' proficiency in using Oracle Financial Applications. It's designed for recruiters to assess skills in accounting, finance, and various Oracle Financial App modules, making it helpful for hiring finance and accounting professionals.

Can I combine the Oracle Financial Apps Test with accounting questions?

Yes, recruiters can request a custom test to include accounting questions. For more details on how we assess accounting skills, check out our Accounting Assessment Test.

What skills are evaluated in the Oracle Financial Apps Test?

This test covers:

Accounting in Oracle
Order to Cash Process
Procure to Pay Process
Assets in Oracle
General Ledger
Accounts Payable
Accounts Receivable
Cash Management
Financial Reporting
Fixed Assets

How to use the Oracle Financial Apps Test in my hiring process?

Use the test as a pre-screening tool. Include the assessment link in your job post or invite candidates via email. Adaface helps to identify skilled candidates early.

What are other important finance-related tests?

Other finance-related tests include:

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify. Here's a quick guide on how you can request a custom test.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

Non-googleable questions
IP proctoring
Screen proctoring
Web proctoring
Webcam proctoring
Plagiarism detection
Secure browser
Copy paste protection

Read more about the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

Yes, you can sign up for free and preview this test.

I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

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Along with scorecards that report the performance of the candidate in detail, you also receive a comparative analysis against the company average and industry standards.

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