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WorksheetsAccounts receivable
Total questions: 17
Worksheet time: 24mins
What is the right order of Sales Process (How Sales Process begins and ends)?
Invoice, Sales order, Quotation, Shipment, Delivery, Packing
Quotation, Sales order, Packing, Shipment, Delivery, Invoice, Payment
Payment, Invoice, Delivery, Shipment, Packing, Sales order, Quotation
Delivery, Quotation, Invoice, Sales order, Packing, Shipment, Payment
What are the Accounting Entries after Delivery?
Cost of goods - Credit, Inventory - Debit
Bank - Credit, Customer - Debit
Inventory - Credit, Cost of goods - Debit
Taxes - Debit, Customer - Credit
What are the Accounting Entries when invoice is issued?
Sales - Credit, Taxes - Debit
Sales, Taxes - Credit and Customer - Debit
Customer - Credit and Sales,taxes - Debit
Bank - Credit, Sales - Debit
What are the Accounting Entries when payment is executed?
Cost of goods - Credit, Bank - Debit
Bank - Credit, Customer - Debit
Inventory - Debit, Sales - Credit
Customer - Credit, Bank - Debit
What is included to full AR Cycle:
Intercompany Invoicing, Incoming and Outgoing Payments Posting, Correspondence/Customer queries, Bank reconciliation
Vendor master data, Customer master data, Intercompany Invoicing, Vendors queries, Payment run;
Intercompany Invoicing, Incoming and Outgoing Payments Posting, Vendors invoices posting
Bank reconciliation, Payments posting, Vendor master data, Invoices processing, Payment run
Which document describes the Returns Process?
Quotation
Credit note
Debit note
Sales order
When issuing the Debit note which document is issued in SAP first?
Inquiry
Quotation
Sales order
Billing document
Credit note
Where can you find IC Invoicing request form?
Outlook
SharePoint
Onedrive
SAP
TM5
Which SAP transactions are used in AR Process?(few answers)
F-43
F-28
ME23N
FBL5N
FS10N
What is Accounts Receivable?
Is a current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it received on credit.
Is a current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit.
10. What actions should be followed by SSC accountant according to ARIS model when payment advice was received in specific country common email box?
Payment advice is forwarded to local FI -> payment advice is archived accordingly to local archiving requirements -> payment advice is scrapped
Payment advice is printed out and archived in archive -> when payment is received it is reconciled according to payment advice
Payment advice is printed out and scrapped after using it
Payment advice is archived in SharePoint -> when payment is received it is reconciled according to payment advice
Who is responsible to perform customer specific clarification activities according to ARIS model in case payment was received with the difference and the case is aligned as an escalation case?
Local FI
SSC
Both sides
Is it true that after issuing intercompany invoice SSC is responsible to send issued invoice to recipient via post according to ARIS model?
True
False
Who according to ARIS model is responsible to respond to the customer when customer after receiving dunning letter requests missing invoices and this case is aligned as standard case?
Local FI
SSC
Both sides
Can SSC reply to customer after receiving incoming balance confirmation when answer via email is not allowed?
No, Local FI and SSC can not reply to the customer
No, the request should be sent to local FI
Yes, SSC can respond via email
It depends…
FESTO was named after
·Germany city that company was founded
River that crosing the owners native city
Company owners name
FESTO is random word
Festo Headquaters is located
Berlin
Felsberg
Esslingen
Köln
