Why you should use 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

Oracle Financial Apps Online Test

About the 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
Procure to Pay Process
General Ledger
Accounts Receivable
Financial Reporting

Order to Cash Process
Assets in Oracle
Accounts Payable
Cash Management
Fixed Assets

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9 reasons why

Adaface Oracle Financial Apps Test is the most accurate way to shortlist Oracle Financial Consultants

Reason #1

Tests for on-the-job skills

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

Reason #2

No trick questions

Traditional assessment tools use trick questions and puzzles for the screening, which creates a lot of frustration among candidates about having to go through irrelevant screening assessments.

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The main reason we started Adaface is that traditional pre-employment assessment platforms are not a fair way for companies to evaluate candidates. At Adaface, our mission is to help companies find great candidates by assessing on-the-job skills required for a role.

Why we started Adaface

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Reason #3

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 10,000+ questions. The actual questions on this Oracle Financial Apps Test will be non-googleable.

🧐 Question
Medium Earnings Per Share	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	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	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	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 is-us-gaap is-ifrs	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 is-us-gaap is-ifrs 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 is-us-gaap is-ifrs	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	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	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	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	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 is-us-gaap is-ifrs	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 is-us-gaap is-ifrs 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 is-us-gaap is-ifrs	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	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	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	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	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 is-us-gaap is-ifrs	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 is-us-gaap is-ifrs 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 is-us-gaap is-ifrs	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?

Reason #4

1200+ customers in 75 countries

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!

Brandon Lee, Head of People, Love, Bonito

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Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment Oracle Financial Apps Test in your hiring process is that it is an elimination tool, not a selection tool. In other words: you want to use the test to eliminate the candidates who do poorly on the test, not to select the candidates who come out at the top. While they are super valuable, pre-employment tests do not paint the entire picture of a candidate’s abilities, knowledge, and motivations. Multiple easy questions are more predictive of a candidate's ability than fewer hard questions. Harder questions are often "trick" based questions, which do not provide any meaningful signal about the candidate's skillset.

Science behind Adaface tests

Reason #6

1 click candidate invites

Email invites: You can send candidates an email invite to the Oracle Financial Apps Test from your dashboard by entering their email address.

Public link: You can create a public link for each test that you can share with candidates.

API or integrations: You can invite candidates directly from your ATS by using our pre-built integrations with popular ATS systems or building a custom integration with your in-house ATS.

Reason #7

Detailed scorecards & benchmarks

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Reason #8

High completion rate

Adaface tests are conversational, low-stress, and take just 25-40 mins to complete.

This is why Adaface has the highest test-completion rate (86%), which is more than 2x better than traditional assessments.

Reason #9

Advanced Proctoring

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About the Oracle Financial Apps Assessment Test

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

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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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The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.

85%

reduction in screening time

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Oracle Financial Apps Hiring Test FAQs

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.