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What is Oracle Financials? (for DBA

ORACLE Interview Questions and Answers (Part 3)

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444. What is Oracle Financials? (for DBA

    Oracle Financials products provide organizations with solutions to a wide range of long- and short-term accounting system issues. Regardless of the size of the business, Oracle Financials can meet accounting management demands with:
  • Oracle Assets: Ensures that an organization's property and equipment investment is accurate and that the correct asset tax accounting strategies are chosen.
  • Oracle General Ledger: Offers a complete solution to journal entry, budgeting, allocations, consolidation, and financial reporting needs.
  • Oracle Inventory: Helps an organization make better inventory decisions by minimizing stock and maximizing cash flow.
  • Oracle Order Entry: Provides organizations with a sophisticated order entry system for managing customer commitments.
  • Oracle Payables: Lets an organization process more invoices with fewer staff members and tighter controls. Helps save money through maximum discounts, bank float, and prevention of duplicate payment.
  • Oracle Personnel: Improves the management of employee- related issues by retaining and making available every form of personnel data.
  • Oracle Purchasing: Improves buying power, helps negotiate bigger discounts, eliminates paper flow, increases financial controls, and increases productivity.
  • Oracle Receivables:. Improves cash flow by letting an organization process more payments faster, without off-line research. Helps correctly account for cash, reduce outstanding receivables, and improve collection effectiveness.
  • Oracle Revenue Accounting Gives an organization timely and accurate revenue and flexible commissions reporting.
  • Oracle Sales Analysis: Allows for better forecasting, planning. and reporting of sales information.

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