Overview on Account Receivables

Create a professional and engaging image illustrating the Account Receivables process, featuring visuals of invoices, electronic data interchange (EDI), financial transactions, and people working in an office environment.

Mastering Account Receivables

Test your knowledge on the essential processes and activities involved in Account Receivables (AR). This quiz covers everything from invoice generation to approval processes, helping you understand the flow of transactions in AR.

Engaging multiple-choice questions
Assess your understanding of AR functions
Perfect for finance professionals and students alike

11 Questions3 MinutesCreated by TrackingTurtle245

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

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

AR process flow does not include?

Creation on an invoice

Extraction of Invoice

Sending to client

Sending to Cash application

AP invoice can be unapproved at any point of time?

TRUE

FALSE

Overview on Account Receivables

Mastering Account Receivables

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