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Interview Questions - Oracle AR (Functional)

Accounts Receivables Interview Questions AND aSWERS

1.What are the Key Flex Fields in Oracle Receivables?
Sales tax Flexfields

Territory Flexfields

2.What is the Payment Term in AR?
How You are going to Receive the Amount from Customers , for Goods or Services like Installments, Due Dates & Discount Dates

3.How you define a Remittance Bank?

Navigation =>Setup/Receipts/Bank

This you can use for How Your Customer’s are sending Amounts for Cost Of Goods or Services to Banks and What are the accounts will be reflect.

4.What are the Pre-Requisites for Generating Receipts?
Receipt Class & Receipt Source & Banks

5.What is a Receipt Class? Payment Method?
this tells you what are the Accounts Related for Customer Receipts and Bank Account Name of the Customers and Payment Method.

6.What is Receipt Source?
This will describe you Generating the Receipts Automatically or Manually.

7.What is a Territory? What is the Importance in AR?
Using this Territory’s You can Classify Your Sales Persons & Customers

8.When you defining a Sales Person, What are the Accounts you should use?
Receivables A/c, Revenue A/c, Freight A/c

9.How many Sales Credits we have? Describe each in one line?
1: Quota Sales: This you can assign to the sales persons but the Revenue should take 100%
2:Non-Quota Sales: This is the Additional sales what you are going to assign to your sales persons

10.What is the Importance of Defining a Collector? Where we will use him?
The Collector we will assign him A profile Class. So he is responsible the Related Customers

Filed under: 11i, ERP, Interfaces, Interview Questions(& answers), Oracle Apps

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