Interview Questions - Finance

Oracle JDE Interview Questions

Finance

1.What is the result of voiding an unposted journal entry as compared to deleting it?
2.On Journal Entry, how do you add text for internal information about the journal entry?
3.What symbol do you enter before an invalid account number to mark it as an account number that has not yet been entered in the Account Master (F0901) table?
4.How do you enter a percent journal entry?
5.How do you create a reversing journal entry?
6.What distinguishes a percent model from other model journal entries?
7.How do you view a list of the model journal entries that are available for use?
8.When are the intercompany settlement transactions created?
9.Which integrity report shows each company?s net balance for the prior year and year-to-date for the current year?
10.How can you place a payment for outstanding vouchers on hold, but still enter new vouchers for a supplier?
11.What table does the system use to store supplier master information?
12.For what is the Factor/Special Payee field used?
13.Which document type code does the system assign to payable vouchers?
14.Which document type code does the system assign to debit memos?
15.Which table does the header information on Voucher Entry update?
16.Which table does AR and AP Journal Entries update?
17.When does the system update the Account Balances table (F0902)?
19.Which posted status does the system assign to transactions in the Account Ledger table (F0911)?
20.Which document type does the system assign to the automatic offset entry?
21.What information must you enter for a voucher to make it a recurring voucher?
22.When would you use Multi Voucher ? Single Supplier to enter a voucher?
23.How do you indicate the number of days to use for the aging columns on the Cash Requirements Report?
24.When would you use Payment With Voucher Match to enter a payment?
25.What document type does the system assign to manual payments?
26.How do you review the invoice numbers that are associated with your open vouchers?
27.How do you review the G/L offset that is associated with a certain voucher?
28.Which AAI item does the system use to determine the accounts to use for A/P bank account entries?
29.How do you set up the system to use AAI item PQ?
30.What does the ?yyyy? at the end of AAI item PCyyyy mean?
31. When you create a new customer record, what form do you access to enter address information?
32. How can you prevent entry of A/R invoices for a particular customer.
33. When entering the journal entry portion of an invoice, you must enter the credit sign in the last portion of the Amount field. Say True or False
34. What happens to the customer?s account balance when you enter an unapplied receipt?
a. Nothing. The receipt is applied to a miscellaneous account number.
b The customer?s total amount open is reduced by the receipt amount.
c. The oldest outstanding invoices are matched and paid first.
d. A chargeback invoice is automatically created for the customer.
35. What happens to the customer?s account when you enter a balance forward receipt?
a. The customer?s total open amount is reduced by the receipt amount.
b. The oldest outstanding invoices are matched and paid first.
c. Nothing. The receipt is applied to a miscellaneous account number.
d. The system automatically creates a chargeback invoice.
36. To transfer receipts information from the Batch A/R Cash Application table to the A/R Ledger table, you must:
a. Scan the information into the system
b. Enter the information using Receipts Entry - Heads Up or Heads Down
c. Post the receipts to the general ledger
d. Run the Process Batch Receipts program
37. If you want to include account summary information on the statements, which of the following controls this option?
a. The processing options in Print Statements
b. The text in Statements Print Messages
c. Data on Customer Master Information
d. Balance Forward Update
e. The data selections in Print Statements

SAP - FI

1. Where do you open and close periods?
2. What do you enter in Company code Global settings?
3. What is document type, and what does it control? Examples.
4. What is posting key and what does it control?
5. What is field status group, what does it control?
6. What is chart of account and how many charts of accounts can be assigned to a company?
7. What does definition of a chart of account contains?
8. Can one COA be assigned to several companies?
9. What is account group and what does it control?
10. What is reconciliation account; can you directly enter documents in that a/c?
11. How do you control field status of GL master records and from where do you control!
12. What are the segments of GL master record?
13. What does Field status group assigned to a GL master record controls?
14. What is Country and operational chart of account? Why do you use group chart of account?
15. What is a special GL transaction?
16. What is open line item management?
17. Where do you open and close periods?
18. What are the segments of GL master record?
19. What does document header control?
20. What is asset master?
21. What is the difference between the R/3 4.6version to R/3 4.7 version?
22. What is enterprise structure?
23. What data is required for automatic a/c determination
24. What is Evaluate option in APP?
25. What is the difference between profit center and business area?
26. What are financial versions?
27. What are all the settings you need to do before
28. What is residual payment and part payment?
29. What is account group?
30. Explain FI Organizational structure.
31. Why do we use group chart of account?
32. What is tolerance group?
33. What is GR/IR account?
34. Which dates are taken into consideration while running a payment run?
35. What are the documents require for Born in sale in relation to sales tax?
36. What is born in sale?
37. How is sub ledger linked to GL?
38. How do you reverse cleared documents?
39. What is Country and operational chart of account?
40. How due date of a document is calculated?
41. What are the components of enterprise structure?
42. What is sub ledger? 43. What does definition of a chart of account contains?
44. What is reversal posting?
45. What is integration between FI and other modules?
46. What is activity type?
47. Explain about Consolidation?
48. What is posting key?
49. What are depreciation areas?
50. Tell me about FI Organizational structure?