Oracle Fusion Applications uses Oracle Business Intelligence platform for reporting and analytics. There are three main types of reports: operational reports for statutory requirements, analytics for interactive data visualizations, and dashboards that combine different reporting components. The document then outlines the steps to create a sample report in Oracle Business Intelligence Publisher (BIP), including defining a data model, creating a report layout using the wizard or manually, and running the report online or scheduling as a job. It also discusses various report layout properties that can be configured.