Overview on Account Receivable
Dive into Account Receivable Expertise!
Test your knowledge of the Accounts Receivable (AR) process and enhance your understanding of essential practices. This quiz covers various aspects of AR, from invoice generation to approval processes.
Join in and discover:
- Key concepts of Accounts Receivable.
- The tools used in the AR process.
- Common challenges and best practices.
What are the accounts handled by AR?
Baker Hughes
Dover
DOW
All of the above
AR process comes after which process?
FBAP
Procurement
Cash Application
Load Planner
What activities are included in AR process?
OTM error
Creating Consol
Manual Consol
All of the above
Consol send to customer can be delayed?
TRUE
FALSE
What does EDI stand for?
Electronic Data Interchange
Electronic Device Interchange
Electronic Data Interface
Electronic Device Interface
When AR bill is generated?
After invoice is entered in OTM by AP
After invoice is approved by AP
After buy shipment ID is created
After order is created
When AR bill is approved it moves to?
OTM
OFIN/Oracle/XFIN
One network
IHUB
When is AR process completed?
Invoice sent for approval to operations
Invoice created in Oracle
Invoice sent to client/customer
Approval received from operation
AR invoices is created on?
Daily basis
Weekly basis
Monthly basis
All of the above
AP invoice should not be unapproved after?
AR accepted date
24 hours
48 hours
All of the above
Which is the application not used in AR process?
IHUB
Oracle
One network
JDA
Which tool is used to do rating?
SMC3/ Czarlite
Object viewer
OM10
IHUB
AR process flow does not include?
Creation on an invoice
Extraction of Invoice
Sending to client
Sending to Cash application
What are the contents of an invoice?
Ship date
Payment terms
Total amount
All of the above
AP invoice can be unapproved at any point of time?
TRUE
FALSE
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