100+ Free Oracle Cloud ERP Practice Questions

Oracle Cloud ERP Architecture & Release Model

Fusion Cloud ERP as SaaS on OCI, quarterly release cadence (26A first of 2026, then 26B/26C/26D), test pod ~2 weeks ahead of production, opt-in features, Exadata X11M, Fusion Applications suite relationships (ERP, HCM, SCM, CX), Redwood default UX in 2026.

Enterprise Structures & Chart of Accounts

Enterprise Structures Configurator (ESC), legal entities, business units, ledgers (primary, secondary, reporting currency), chart of accounts structure vs instance, accounting flexfield segments, value sets, balancing segments, cross-validation rules, account hierarchies (Tree versions), subledger accounting.

General Ledger

Journal creation, spreadsheet import (ADFdi), posting and reversals, recurring and allocation journals, Calculation Manager allocations (step-down, ratio), subledger-to-GL transfer and accounting, currency translation and revaluation, intercompany, average daily balances, Financial Reporting Center and Smart View.

Security & Role-Based Access Control

RBAC model with job, abstract, and duty roles; data roles and data security policies; Security Console for role administration; Oracle IAM with Identity Domains / IDCS; user provisioning from HCM; Advanced Controls for SoD; function security vs data security; Manage Data Access for Users.

Accounts Payable

Supplier master and sites, invoice entry with 2-way/3-way/4-way matching, holds and release, invoice approval workflows, payment process requests (PPR), payment methods/formats, US 1099 tax reporting, withholding tax, expense report integration, imaging and Intelligent Document Recognition (IDR).

Functional Setup Manager (FSM)

Implementation projects, offerings and functional areas, setup task lists, Rapid Implementation spreadsheets (COA, legal entity, ledger), feature opt-in, export/import of setup data via configuration packages, roles required to use FSM.

Accounts Receivable

Customer accounts and sites, transaction types/sources, AutoInvoice from order management/services, lockbox and receipt methods, applications, adjustments and write-offs, Revenue Management (ASC 606/IFRS 15), credit management, collections workbench, dunning configuration.

Period Close & Reconciliation

Subledger close order (AP, AR, FA, Cash, Projects → GL), Close Monitor, Account Reconciliation Cloud Service (ARCS), period statuses (open, closed, never opened), accounting hubs, sweep programs for unaccounted transactions, hard close, reconciliation reports.

Cash Management

Banks, branches, accounts setup; bank statement loading formats (BAI2, MT940, ISO 20022 CAMT.053); automatic vs manual reconciliation rules; cash positioning and forecasting; in-house banking; bank statement transaction codes; cash pooling.

Fixed Assets

Asset books (corporate, tax), categories, depreciation methods (straight-line, declining balance, units of production) and conventions, mass additions from AP, cost adjustments, transfers, retirements, impairments, unplanned depreciation, group depreciation, CIP to in-service capitalization.

Procurement

Self-Service Procurement requisitions, purchase orders, approval hierarchies, supplier portal, sourcing and negotiations (RFx), contract management, receiving and receipts, return-to-vendor, integration to AP via match rules; negotiation awards and agreements.

Reporting & Analytics

Oracle Transactional Business Intelligence (OTBI) with subject areas, BI Publisher (data models, layouts, bursting), Financial Reporting Studio and Smart View, Reports and Analytics work area, Oracle Analytics Cloud (OAC), and Oracle Fusion Data Intelligence (FDI) prebuilt ERP analytics.

Integration Platform

Oracle Integration Cloud (OIC) Gen 3, prebuilt ERP adapters and recipes, REST/SOAP web services, File-Based Data Import (FBDI) for bulk loads, HCM Data Loader patterns for cross-pillar, business events, ERP Integration Service, Oracle Cloud Adapter for external systems.

Redwood UX & 2026 Innovations

Redwood default UI across Fusion ERP in 26A, Oracle AI Agents (Journey Agent, Planning Agent, Policy Agent), Oracle Guided Journeys, Oracle Digital Assistant, generative AI in ERP (narrative insights, content generation, anomaly detection), opt-in vs embedded AI features.

Tax

Oracle Tax (Fusion Tax) configuration — tax regimes, taxes, tax statuses, tax rates, tax rules (direct vs rule-based), geography-based tax determination, tax determination on AP/AR, tax reporting ledger, VAT/GST scenarios, third-party tax partners (Vertex, Avalara).

Audit, Controls & Compliance

Audit Framework configuration and audit reports, Oracle Advanced Controls (Access, Transaction, Configuration), Segregation of Duties (SoD) conflict analysis, SOX-aligned control design, Risk Management Cloud, approvals and workflow audit trail.