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AboutOracleApps:InterviewQuestionsonOracleAR(AccountReceivables)

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19July2007

InterviewQuestionsonOracleAR(AccountReceivables)

Receipt
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JavaInterviewQuestions

OracleHRMSTutorials
BasicConceptsinCoreHRMSPart1

QuestionsinAccountsReceivables
1.HowdoyoucreateaChargebackInvoice?
A.UsingReceiptswindow

BasicConceptsinCoreHRMSPart4
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rehired
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you can.

2.HowdoyouadjusttheamountofadvancealreadyreceivedagainstanInvoice?
A.CreateanInvoiceforDepositandreceiveanamountagainstthisdepositInvoice.
ThenCreatetheregularinvoiceandinthecolumnofCommitmentsenterthenumber
ofDepositInvoice.TheRegularInvoicegetsmatchedwiththeDepositInvoiceforthe
amountofRegularinvoiceordepositinvoicewhicheverislower
3.Howdoyouwriteoffsmallamountswhileaccountingthereceiptagainstan
invoice?
A.UsingReceiptswindow.Youhavethebuttonforwriteoffs.
4.HowdoyouAccountforbankchargesdeductedfromamountreceivedagainstan
invoice?
A.UsingQuickcashwindowalsoyoucanenterreceipts.Hereyouhavetheoptionof
accountingthebankchargesdeductedonreceipt.However,thishastobeenabledby
puttingtheValueinprofileoptionAR:CreateBankCharges=YES.
5.Howdoyoucreateacreditnoteagainstaninvoice?
A.Youhaveseparatewindowtocreatesuchcreditnote.NavigationTransactions=>
CreditTransactions.
6.HowdoyouadjustaregularInvoicewithaCreditNote?Entertheamount0in
receiptwindowandininvoicematchingwindowselecttheinvoiceaswellasthecredit
note.Thiswillknockofftheinvoiceagainstthecreditnote.

BasicConceptsinCoreHRMSPart2
BasicConceptsinCoreHRMSPart3

We know

7.WhataredifferenttypesofReceiptReversals?Whatisthedifferencebetween
them?Whataretheaccountingentries?
A.StandardReversalandDebitNoteReversal.StandardReversalreopenstheinvoice
matchedinthatreceipt.Youcanmatchanewreceiptagainstthisinvoice.
DebitNoteReversaldoesnotreopenstheearliermatchedinvoicebutitcreatesanew
debitnotewhichcanbematchedwithanotherreceipt.
8.Whenarethefollowingaccountsareused
UnbilledReceivable
UnearnedRevenue
A.WhenyouuseInvoicingRule,thereceivablesareaccountedondifferentdatesas
definedintherule.Tillsuchtimereceivablesareaccounted,theamountisdebitedto
UnbilledReceivables.
IfyouuseAccountingRule,therevenueisaccountedondifferentdates.Tillsuchtime
revenueisaccounted,theamountiscreditedtoUnearnedRevenue..

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AboutOracleApps:InterviewQuestionsonOracleAR(AccountReceivables)
9.WhatisthedifferencebetweenUnidentifiedReceipt,UnappliedReceiptsandOn
AccountReceipts?WhataretheAccountingEntriesforeachofthis?
A.UnidentifiedReceipts:TheCustomerisyettobeidentifiedandsoreceiptisnot
matched.
UnappliedReceipts:TheCustomerisidentifiedandenteredbuttheamountisnot
matchedwithanyofhisinvoice.
OnAccountReceipts:TheCustomerisenteredandinsteadofmatchingtheamount
toanyofhisinvoiceitismatchedwiththeOnAccountoption.Thisoptionisavailable
asfirstiteminthepicklistofinvoices.

OracleFinancialsTutorials
BasicConceptsinOracleAPPart1
BasicConceptsinOracleAPPart2
BasicConceptsinOracleARPart1
BasicConceptsinOracleARPart2
BasicConceptsinOracleGLPart1

10.WhatisthedifferencebetweenearneddiscountsandUnearneddiscounts?How
doyouaccounttheUnearneddiscount?Whataretheaccountingentriesinvolved?
A.Thecashdiscountsarementionedinthepaymentterms.Consideringtheduedate
andthereceiptdatethediscountisautomaticallycalculatedwhileenteringthe
receipt.Ifhoweveryouwanttoincreasetheamountofinvoiceyoucanmanually
increaseit.TheamountautomaticallycalculatedaspertermsistheEarnedDiscount.
ThemanuallyaddedamountistheUnearnedDiscount.Thishowever,dependsupon
theoptiongiveninSystemOptionsinSetup.

BasicConceptsinOracleGLPart2

11.WhataretheKeyFlexfieldsinAR.

RecurringInvoiceAcomplete
Tutorial

BasicConceptsinOracleCash
ManagementPart1
BasicConceptsinOracleCash
ManagementPart2
PayOnReceiptinOracle
ApplicationsTutorial

A.SalesTaxLocationFlexfield
TerritoryFlexfield
ARSetupRelated
12.Whatisdifferencebetweentransactiontypeandtransactionsource?
A.TransactiontypecaneitherbeInvoice,CreditNote,DebitNote,Deposit.Etc.This
alsodecideswhethertoaccountinGL,Whethertoconsiderinreceivables,the
accountstobedebited,credited,thetaxcalculationoptions,andsomeotheroptions
whicharedefauled.
TransactionSourcedecideswhetherthesourceofentryismanualorautomatic.It
alsomentionswhethertransactionandbatchnumberingismanualorautomatic.
Ifautomaticthelastenterednumberistobementionedtostarttheautomatic
numbering.IFthesourceisautomatic,thatmeansthetransactionsaretobe
uploadedthroughinterfaceeitherfromOEorlegacysystem.Thensomeotheroptions
aretobeset.
13.WhatisAutoAccounting?
A.ThisistheaccountgeneratorinAccountsreceivables.Thisdecidesaccountsfor
Receivables
Revenue
AutoInvoiceClearing
Freight
Tax
UnbilledReceivable
UnearnedRevenue
Fromwheretheaccountsaredefaulted?
Salesreps
TransactionLines
TransactionTypes
Taxes
OryoucanhaveConstantvalues
14.WhatisAutoCashRuleSet?
Thisdecidesthesequenceoftheinvoicematchingrulesforunmatchedreceipts
enteredthoughquichcashorAutoLockBox(interface).Therulesarealreadydefinedin
thesystem.LikeMatchPaymentwithInvoice,ApplytotheOldestInvoiceFirst,
CleartheAccount,etc.
15.WheredoyouattachtheSetOfBooks?Canyouattachmorethanonesetof
books?ifyouhavemorethenonesetofbooksthenhowReceivablesisconfigured?
YouattachthesetofbooksinSystemOptionsinSetup.Onlyonesetofbookscan
beattached.IfyouhavemorethenonesetofbooksthenARistobesetinmultiorg
environment.ByspecifyingtheMOOperatingUnitandtheGLSetofBooksName.
16.Howdoyoudefinedocumentnumberingforreceipts?canyouhavedifferent
sequencesforeachPaymentMethod.
Insystemadministration.Youcanhavedifferentsequencesfordifferentpayment
methods.
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Labels:OracleApps(IQ)

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