Interview

Oracle AR (Account Receivables) interview questions

Robby
Oracle Receivables – AR Interview Questions – Technical and…
  • What are Different types of transactions in AR? …
  • What is the use of lockboxes? …
  • What are the interface tables used for AR invoices for conversion process? …
  • What is Auto Invoicing?

MOCK Interview Oracle ERP Finance|Real time interview questons for Oracle Finance

Frequently Asked Oracle Apps Functional Interview Questions

Ans: Journals it is used to record the business transaction it contains debit and credit lines always debit must be equal to the credit. Types of journals are Suspense Journal or Unbalanced Journal, Recurring Journals, and Reversal journals.

  • P2P Process & O2C Process
  • P2P process starts with
  • B. O2C processing four high-level processes i.e. Order, Invoices, Recognize the COGS, and Cash Receipt.

    • Sales orderàBook OderàRelease the OrderàConfirm the OrderàClose the OrderàImport InvoiceàPrint the InvoiceàRevenue RecognitionàDefer the Cost of Goods àenter ReceiptàApply the Receipt.

    If you want to enrich your career and become a professional in Oracle Apps Functional, then enroll in “Oracle Apps Functional Online Training” – This course will help you to achieve excellence in this domain.

    What is Translations & Revaluation and which level is working?

    Ans:

    Translation: It is used to translate functional currency balances into foreign currency balances at the account level

    Revaluation: It is used to identify the unrealized gain or loss .which is occurring on the currency fluctuation.

    Example:

  • On 01-Dec-2009
  • Functional Currency is USD
  • The foreign Currency is INR.
  • The Conversion Rate is 2.
  • Created invoice for 100 INR, validated and accounted. Not Paid.

    • As per the above journal lines on 01-Dec-2009, the customer is liable to pay 200 USD to the supplier.

  • End of the period, the conversion rate has been changed to 2.5.
  • So the customer’s liability will get increased to 250 USD(100*2.5).
  • So the customer supposes to pay 250 USD instead of 200 USD to the supplier.
  • This is the true liability at the end of the period and this needs to be reflected in the customer’s General Ledger. A loss of 50 USD should be populated in the Loss account.
  • Revaluation adjusts these amounts and keeps gain/loss amounts in Unrealized Gain/Loss accounts defined in the Revaluation window.

    • What are the Security Rules and Cross-validation Rules?

    Ans:

  • It is used to restrict users from entering the segments. It will work at the responsibility level.
  • It is used to restrict the end-users from entering the code combinations. It will work at the structure level

    • FAQ

    What is Oracle Accounts Receivable?

    Oracle ® Receivables is a comprehensive solution that enables you to. streamline invoicing, receipt, and customer deduction processing. It provides. the tools, flexibility and strategic information needed to meet the demands of a. global market with strong financial controls to assist in instilling corporate and.

    What is AR module in Oracle Apps?

    The Oracle Accounts Receivable module works with other Oracle Financial modules to provide a complete set of transactions and reports for maintaining accounts receivable control.

    What are three types of AR transactions?

    Since it is an obligation, accounts receivable usually have a certain period to be paid by the debtor in question.
    …
    Generally, receivables are divided into three types: trade accounts receivable, notes receivable, and other accounts receivable.
    • Accounts Receivable. …
    • Notes Receivable. …
    • Other Receivables.

    How do I approve AR adjustments in Oracle?

    To approve a pending adjustment:
    1. Navigate to the Approve Adjustments window.
    2. To limit your display to only certain adjustments, enter selection criteria. …
    3. Choose Find.
    4. To approve an adjustment, enter a Status of Approved. …
    5. Save your work.

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