Oracle Fusion Cloud Finance Introduce Yourself | Interview Question | Real Time | Placement | Resume

Introduction and Role in Current Project

The speaker discusses the common question asked during interviews about introducing oneself and explaining their role or responsibilities in the current project.

• When attending an interview, it is common to be asked to introduce yourself or explain your role and responsibilities in the current project.

• The speaker provides an example of introducing oneself as a Oracle Fusion Cloud Finance consultant with four years of experience.

• They mention their involvement in various modules such as account payables, account receivables, general ledger, cash management, expenses model, etc.

• They highlight their flexibility to work independently or as part of a team in both support and implementation projects.

Education and Experience

The speaker talks about their educational background and professional experience.

• The speaker introduces themselves as Kiran and mentions completing graduation in 2013.

• They started their career as an Oracle Fusion Cloud Finance consultant four years ago.

• In their four years of experience, they have worked on two implementation projects and two support projects.

• Currently, they are working for a specific client on a project that started one year ago. They have been involved from the beginning stages to production and support.

• They emphasize their flexibility to interact with clients, gather requirements, prepare documentation, design business cycles, develop deployments, etc.

Module Expertise

The speaker discusses their expertise in different modules within Oracle Fusion Cloud financials.

• The speaker mentions being fully involved in account payables (AP) and general ledger (GL) modules.

• They also have partial knowledge of fixed assets (FA), taxes, cash management (CM), and expenses model.

• Their comfort level allows them to work independently or as part of a team according to organizational requirements.

Introducing Yourself

The speaker provides a summary of how to introduce oneself in Oracle Fusion Cloud financials.

• Start with personal information, followed by education and graduation year.

• Mention the start of the career as an Oracle Fusion Cloud Finance consultant and the number of projects involved in (implementations and support).

• Highlight current project details, including its duration, involvement in different phases, flexibility in working with various modules, and ability to work independently or as part of a team.

Project Phases and Experience

The speaker explains their involvement in different phases of the current project.

• The project started one year ago with implementation and is currently in the support phase.

• They have been involved in development, testing, production, and support activities.

• Emphasize flexibility in working with different modules and readiness to learn new ones if required.

Introduction Summary

The speaker provides a concise summary of how to introduce oneself within a limited time frame.

• Keep the introduction short (around two minutes) by covering educational background, experience, career start date, and technology expertise.

• If there was prior experience with other technologies before Oracle Fusion Cloud financials, mention it briefly.

• Highlight involvement in implementation and support projects within specific modules.

• Emphasize flexibility to work individually or as part of a team and willingness to interact with clients for requirements gathering and documentation preparation.

Current Role and Client Details

The speaker discusses questions related to their current role and client details that may be asked during interviews.

• Interviewers may ask about the current role or project being worked on.

• Provide information about the client's business domain, implemented countries, legal entities, business units, ledger structure, etc.

• Clarify whether you defined the ledger or someone else did it.

Setups and Current Module

The speaker explains the setups they have done and the current module they are working on.

• Interviewers may inquire about the setups performed in account payables (AP), account receivables (AR), or general ledger (GL).

• Mention the specific module currently being worked on, such as account payables.

• Provide details about the tasks involved, such as creating pay groups and assigning them to supplier sites for payment processing.

Pay Group Templates

The speaker discusses the importance of pay group templates in payment processing.

• Explain that pay groups are created and assigned to supplier sites for payment process requests.

• Mention that client requirements include having templates based on pay groups for efficient payment processing.

Exploring Components and Data Conversion

In this section, the speaker discusses the importance of exploring specific components in a project, such as data conversion. They emphasize the need to identify which template or tool is being used for data conversions and explain the process and steps involved.

Understanding Component Work

• It is crucial to clearly communicate which component you are working on in a project, such as supplier, invoice, purchase order, or requisition.

• Specify the account tables in Wise fpda 100 that you are working on.

• Explain the data received from clients and how you prepare data templates.

• Describe the processes and procedures involved in running components.

• Understand interface tables and base tables related to components.

• Be prepared to discuss error information and how to rectify errors.

Day-to-Day Activities in a Project

This section focuses on describing day-to-day activities in a project. The speaker explains the importance of checking emails, using support tools like ServiceNow or ticketing tools, and maintaining effective communication with team members.

Daily Routine

• Start by checking Microsoft Outlook for new emails regarding assigned tickets or any issues related to CVR (Client Vendor Relationship).

• Cross-check ticket status, issue severity, sender information, and respond accordingly via email or scheduled calls.

• Communicate progress updates throughout the day regarding work started or completed on components.

• Participate in conference calls with team members to discuss statuses of various components.

• Provide updates on previously delivered components pending testing while continuing work on other components.

Tools for Project Management

This section highlights important tools used for project management. The speaker mentions GitHub, Jira, and ServiceNow as examples of tools that help manage projects efficiently.

Project Management Tools

• Use GitHub to maintain document history and track changes.

• Familiarize yourself with Jira, a tool used to manage the entire project, including work allocation, progress tracking, and collaboration among team members.

• Understand the purpose and functionality of ServiceNow as a support tool or ticketing system.

Agile vs. Waterfall Methodology

This section explains the difference between agile and waterfall methodologies in project management. The speaker emphasizes the importance of taking ownership and maintaining continuous progress in an agile methodology.

Methodology Comparison

• Agile methodology requires developing, testing, and delivering components directly to clients for production closure.

• Team members must take ownership of their assigned components in an agile methodology.

• Waterfall methodology involves developing components first and then proceeding with testing after some time.

• Understanding the difference between these methodologies is crucial for effective project management.

The transcript provided does not specify any further sections or timestamps.

Configuring Withholding Tax Setup

The speaker discusses the process of configuring withholding tax setups and the factors that affect the timeline for delivery.

Factors Affecting Configuration and Delivery

• The number of withholding tax setups to configure and the suppliers involved determine the scope of work.

• Clear communication with internal teams is crucial to ensure all necessary information, such as tax codes and rates, is confirmed before delivery.

• Depending on input availability and complexity, delivery can take three to four working days or two to three working days without customizations.

• The process involves preparing a document, performing setups in the development instance, testing transactions with testing data, and finally delivering it to the client for testing in their own instance.

Improving Communication Skills

The speaker emphasizes the importance of using official terminology and improving accounting language skills for effective communication.

Using Official Terminology

• When discussing processes, it is important to use official words like "prepare a document," "perform setups," "perform testing transactions," etc.

• Maintaining a consistent language helps convey professionalism and clarity in communication.

Improving Accounting Language Skills

• Functional consultants should have patience to go through documentation thoroughly.

• Understanding accounting terms mentioned in requirements is essential for accurate interpretation.

• Going through project documentation (20 to 30 pages) helps identify important expectations from clients.

• Preparing comprehensive documents based on understanding ensures smooth setup execution.

Importance of Documentation Review

The speaker highlights the significance of reviewing project documentation for functional consultants.

Patience for Documentation Review

• Functional consultants must possess patience while reviewing project documentation.

• Documentation may contain detailed requirements written in Layman's language rather than direct instructions.

Extracting Important Information

• Consultants should carefully read and understand each line of the documentation.

• Noting down important expectations and requirements helps in preparing accurate documents for setup execution.

Payment Process Request and Payment Process Profile

The speaker explains the purpose of payment process request and payment process profile in accounts payable.

Payment Process Request

• Payment process request is a tool used to make payments to multiple suppliers based on specific conditions.

• It allows organizations to release funds based on priority, pay groups, payment methods, or other criteria.

• The process involves stages such as selection criteria building, format creation, check printing, and check printing status.

Importance of Documentation and Explanation

• Understanding the functionality requires going through documentation.

• Explaining concepts like payment process request directly in the application helps reinforce understanding.

Due to the limited content provided in the transcript, this summary may not cover all aspects discussed in the video.

New Section

In this section, the speaker discusses issues that may arise during the payment process and suggests practicing and reviewing documentation to understand how payment process requests are done.

Understanding Payment Process Requests

• During the payment process, an invoice may fail due to permission issues with the business unit.

• To address such issues, it is recommended to practice and familiarize oneself with the payment process request in Oracle Fusion Cloud Finance.

• Searching for "Oracle Fusion Cloud Finance payment process request" will yield relevant documentation and examples.

• The documentation provides functional words and examples related to payment attributes, bank information, and processing options.

• It is important to improve understanding of these concepts by going through the documentation.

New Section

This section focuses on understanding what a payment process request is and its components.

Payment Process Request Overview

• A payment process request (PBR) refers to a group of installments submitted for payment.

• PBR can be created on the request page or as a template with built-in properties.

• The selection criteria determine which invoices are selected for payment based on eligibility criteria.

• Payment attributes include bank details such as bank branch and account information.

• Processing options involve high-level setups related to payments.

New Section

This section emphasizes the importance of preparing notes while studying for interviews. It highlights specific topics like payment terms, distribution sets, and reference data sets.

Importance of Note Preparation

• When preparing for interviews, it is crucial to have well-documented notes on various modules like accounts payable (APR), general ledger (GL), cash management, expense model, etc.

• Notes should cover definitions, navigations, and important aspects of each module within 10 to 15 pages per module.

• Topics to focus on include payment terms, distribution sets, and reference data sets.

• Having comprehensive notes helps in expressing definitions accurately during interviews.

New Section

This section emphasizes the need for maintaining separate notes or documents for each module. It also highlights the importance of understanding concepts like payment terms and distribution sets.

Module-Specific Notes

• Separate notes or documents should be prepared for each module, such as accounts payable (APR), general ledger (GL), cash management, expense model, etc.

• These notes should cover complete definitions, navigations, and important aspects within 10 to 15 pages per module.

• Payment terms play a crucial role in determining invoice due dates at different levels such as supplier site level and business unit level.

• Distribution sets are used to distribute invoice amounts to different account code combinations.

• Understanding these concepts is essential for interview preparation.

New Section

This section emphasizes the importance of reviewing notes regularly to retain knowledge and prepare effectively for interviews.

Regular Review of Notes

• Allocate around 20 minutes daily to review all the prepared notes for various modules.

• Regularly going through the notes helps in retaining knowledge and being well-prepared for interviews.

• The availability of recorded videos can be helpful but having concise notes is crucial when time is limited.

• Prepare separate notepads or MS Word documents with definitions and important information from the videos.

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New Section

In this section, the speaker discusses the process of preparing a document for each module and offers assistance in clarifying any unclear questions or definitions.

Preparing Documents for Each Module

• The speaker suggests that the second option, which involves preparing around 8 to 10 pages, is better.

• They encourage reaching out through their Telegram group if there are any unclear questions or definitions.

• The speaker assures that they will respond promptly and try to provide answers either by consulting their team members, searching online resources like Google, or referring to professionals on platforms like YouTube and blogs.

• It is estimated that it will take four to five working days to prepare comprehensive notes for each module.

New Section

In this section, the speaker reflects on their own experience with various topics but expresses a lack of confidence in explaining certain concepts.

Lack of Confidence in Explaining Concepts

• The speaker mentions having experience with topics such as withholding tax, prepayment invoice, credit memo, debit memo, supplier refund, and repayment pro.

• However, they admit to not being able to confidently explain certain concepts when asked about them. For example, they mention struggling with explaining what a prepayment invoice is.

• Despite their lack of confidence in explaining certain concepts directly from memory, they express willingness to research and summarize information in order to provide accurate answers.

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