Interview Questions

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.

when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.

How it works ::

Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.

The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.

The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.

When the payment arrives, the seller decreases the accounts receivable and increases cash.

Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

The sequential files (processed on application server) are called datasets. They are used for file handling in SAP.

SAP scripts is a word processing tool of SAP which has the following components: Standard text. It is like a standard normal documents. Layout sets. - Layout set consists of the following components: Windows and pages, Paragraph formats, Character formats. Creating forms in the R/3 system. Every layout set consists of Header, paragraph, and character string. ABAP/4 program.

This question provides information on several important aspects of a compliance program. First, it may highlight risks that the compliance officer was unaware of or didn’t fully appreciate (risk assessment). Second, it assesses how well employees are able to apply corporate policies in the context of their role (policy comprehension/retention and training effectiveness). Third, it reiterates and reinforces the employee’s understanding of risks and policies specific to them (training). Interviewees frequently struggle with this question initially and the interviewer may need to provide an obvious example of such a challenge to help the interviewee get started (i.e. gift policy, etc).

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.

You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

A Control file records the physical structure of the database. It contains the following information. Database Name ,Names and locations of a database’s files and redolog files. Time stamp of database creation.

This is a good question to highlight your achievements. Don't be smug or arrogant about the success of a project, especially if it was a team effort. You need to give credit to the team, too. You could say what you contributed to the total project and also give credit to others that helped in your success. Don't be overly modest, either.Here are some pointers:

1. Pick something that was clearly a success and highlight your skills.

2. Pick something recent. If you pick something twenty years ago, they are going to wonder what you have done lately.

3. Pick something important. You may have succeeded in many projects that are not that significant. 

4. Pick something easy to explain. If complicated, give the short version.

5. Be sure to explain what you learned from this success.

There are lot of ways are there to use the conditional formatting, most of the Process flow maintains more attention in the loops, alias and contextCheers.