Functional questions pertaining to Oracle AR module
Following are some of the Functional questions pertaining to Oracle AR module. Just go through them and brush up your skills.
1. How many Address's can a Customer have?
Primary Address, Bill – To – Address, Ship – To – Address
Primary Address, Bill – To – Address, Ship – To – Address
2. Is Customer Number created Automatically or Manually?
It can be created in both ways Either Manual or Automatic
It can be created in both ways Either Manual or Automatic
3. What are the Mandatory Addresses which should be created for communicating with a Customer ?
Remit – To – Address
Remit – To – Address
4. Can U Merge the Customers? If yes How?
Using the Merging Customer Window
Using the Merging Customer Window
5. What is Accounting Rules?
It is For Generating Revenue Recognition Programs like Monthly, Quarterly
It is For Generating Revenue Recognition Programs like Monthly, Quarterly
6. What is Invoicing Rules?
The Invoicing Rules Helps you when you receive data from Outside systems like Auto Invoices how the data should insert and It contains 2 rules Advance Invoice, Arrears Invoice.
The Invoicing Rules Helps you when you receive data from Outside systems like Auto Invoices how the data should insert and It contains 2 rules Advance Invoice, Arrears Invoice.
7. Where should the customers send the payments of Invoices?
Remittance Banks or Vendor Places
Remittance Banks or Vendor Places
8. What is the Transaction Type?
It describes us Whether you want transfer the Receivables data into General Ledger or not. And also when ever you create an invoice what are the accounts should be effected and also the sign of Transaction also.
It describes us Whether you want transfer the Receivables data into General Ledger or not. And also when ever you create an invoice what are the accounts should be effected and also the sign of Transaction also.
9. What is a Transaction Source?
It is For Invoice or Invoice Batch numbers whether automatically or manually
It is For Invoice or Invoice Batch numbers whether automatically or manually
10. How many types of Transactions are there?
Six, Credit Transactions: Invoice: Debit Memo: Charge back: Guarantee: Deposit
Six, Credit Transactions: Invoice: Debit Memo: Charge back: Guarantee: Deposit
11. How can i reduce the Invoice amount?
Using with Credit Transactions
Using with Credit Transactions
12. What are the Accounts to be use in Transaction Types?
Revenue, Receivables, Freight, Tax, Clearing, Unearned, Unbilled
Revenue, Receivables, Freight, Tax, Clearing, Unearned, Unbilled
13. How can I Assign a Deposit amount to an Invoice?
In the Invoice Window "Commitment" Region
In the Invoice Window "Commitment" Region
14. What is the Guarantee?
It is agreement between both sides for goods or services in the future , specific range of periods
It is agreement between both sides for goods or services in the future , specific range of periods
15. Give the Navigation for Credit Transactions?
Transactions/Credit Transactions
Transactions/Credit Transactions
16. How many ways you can apply the Receipt Amount?
Application: Mass Apply
Application: Mass Apply
17. How will you know a Customer Balance Amount?
Using with the Customer Account Overview window
Using with the Customer Account Overview window
18. Can you Define Customer Agreements using AR?
No, In the Oracle Order Entry Module
No, In the Oracle Order Entry Module
19. What are Aging Buckets?
It is for Outstanding Reports purpose the no of days in various ranges
It is for Outstanding Reports purpose the no of days in various ranges
20. How will you View the Outstanding Balance of a Customer?
Generating the Aging Buckets Report
Generating the Aging Buckets Report
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