10 Oracle Apps Receivables Functional Interview Questions and Answers

Oracle Apps Receivables Functional is a critical module within the Oracle E-Business Suite, designed to manage a company’s receivables and ensure efficient cash flow. This module integrates seamlessly with other Oracle applications, providing a comprehensive solution for managing customer invoices, payments, and collections. Its robust features and capabilities make it an essential tool for organizations aiming to streamline their financial operations and maintain accurate financial records.

This article offers a curated selection of interview questions tailored to Oracle Apps Receivables Functional roles. By reviewing these questions and their detailed answers, you will gain a deeper understanding of the module’s functionalities and be better prepared to demonstrate your expertise in a professional setting.

Oracle Apps Receivables Functional Interview Questions and Answers

1. How do you configure AutoAccounting in Oracle Receivables?

AutoAccounting in Oracle Receivables automatically generates accounting entries for transactions based on predefined rules, ensuring consistency in financial reporting. To configure AutoAccounting, navigate to the setup window, define accounting rules for transaction types, specify accounting flexfield segments, assign accounts based on your chart of accounts, and test the configuration with sample transactions.

2. Explain the process of creating a receipt class and method.

Creating a receipt class and method in Oracle Receivables involves defining a receipt class to categorize receipts, assigning receipt methods to specify processing details, and configuring additional settings like remittance banks and payment terms. Navigate to the Receivables Manager responsibility, then go to Setup > Receipts > Receipt Classes to define a new class, and Setup > Receipts > Receipt Methods to assign methods.

3. What are the steps to set up transaction types?

To set up transaction types in Oracle Receivables, navigate to the Receivables Manager responsibility, go to Setup > Transactions > Transaction Types, and create a new transaction type. Enter the name, description, and class, and define options like Open Receivables and Post to GL. Set accounting and revenue recognition rules if needed, then save the transaction type.

4. Write a SQL query to retrieve all open invoices for a specific customer.

To retrieve open invoices for a specific customer, use the following SQL query:

SELECT 
    rcta.trx_number,
    rcta.trx_date,
    rcta.trx_amount,
    rcta.balance_due
FROM 
    ra_customer_trx_all rcta
JOIN 
    ra_customers rc ON rcta.customer_id = rc.customer_id
WHERE 
    rc.customer_name = 'Specific Customer Name'
    AND rcta.balance_due > 0;

This query joins transaction and customer tables, filtering for open invoices with a balance due.

5. Explain how to set up and use AutoInvoice.

AutoInvoice in Oracle Receivables automates invoice creation from external systems. Key steps include defining line ordering and grouping rules, setting up the AutoInvoice Import Program, configuring transaction sources and types, and running the import program to process data and create invoices.

6. Write a PL/SQL block to update the status of an invoice based on certain conditions.

DECLARE
    v_invoice_id NUMBER := 1001; 
    v_new_status VARCHAR2(20) := 'PAID'; 
BEGIN
    UPDATE invoices
    SET status = v_new_status
    WHERE invoice_id = v_invoice_id
    AND status = 'PENDING'; 

    IF SQL%ROWCOUNT > 0 THEN
        DBMS_OUTPUT.PUT_LINE('Invoice status updated successfully.');
    ELSE
        DBMS_OUTPUT.PUT_LINE('No invoice found with the given conditions.');
    END IF;
END;
/

7. Describe the process of setting up tax codes and rules.

Setting up tax codes and rules in Oracle Receivables involves defining tax codes, setting up rules based on criteria like location or product type, assigning codes to items, configuring tax jurisdictions, and setting up tax reporting. This ensures accurate tax calculation and compliance.

8. Write a script to generate a report of overdue invoices grouped by customer.

To generate a report of overdue invoices grouped by customer, use this SQL query:

SELECT 
    c.customer_name,
    SUM(t.amount_due_remaining) AS total_overdue_amount,
    COUNT(t.trx_number) AS overdue_invoices_count
FROM 
    ra_customers c
JOIN 
    ra_customer_trx_all t ON c.customer_id = t.customer_id
JOIN 
    ra_customer_trx_lines_all l ON t.customer_trx_id = l.customer_trx_id
WHERE 
    t.due_date < SYSDATE
    AND t.amount_due_remaining > 0
GROUP BY 
    c.customer_name
ORDER BY 
    total_overdue_amount DESC;

This query filters overdue invoices by due date and groups results by customer.

9. How do you generate and interpret aging reports?

Aging reports in Oracle Receivables categorize receivables based on how long they have been outstanding, helping businesses identify overdue invoices. To generate an aging report, navigate to the “Receivables Manager” responsibility and select an aging report. Analyze the data to understand the distribution of outstanding receivables, focusing on current, past due, and total receivables.

10. Discuss the importance of aging buckets and how they are configured.

Aging buckets classify outstanding receivables into time periods, aiding in receivables management. To configure aging buckets, define aging periods, create a bucket, assign periods to it, and associate it with customer profiles or reports.