- What are the most important goals of AR?
- What are 10 most common interview questions and answers?
- What is AR cycle?
- How does r2r process work?
- What is SAP RTR?
- Why do you want this job?
- What is p2p job?
- What is p2p cycle?
- What is r2r process in SAP?
- What is r2r and p2p?
- What is order to cash process?
- How do you calculate days in AR?
- What is AR invoice?
- What is GL reconciliation in SAP?
- What is the role of r2r?
- What is r2r interview questions?
- What are the top 5 questions to ask an interviewer?
- What is AR process in BPO?
What are the most important goals of AR?
The important goal of accounts receivables is to minimize bad debts and to have a track of business debtors.
The main objective in Accounts Receivable management is to minimise the Days Sales Outstanding DSO and processing costs whilst maintaining good customer relations..
What are 10 most common interview questions and answers?
Answers to 10 most common job interview questionsWhat are your weaknesses? … Why should we hire you? … Why do you want to work here? … What are your goals? … Why did you leave (or why are you leaving) your job? … When were you most satisfied in your job? … What can you do for us that other candidates can’t? … What are three positive things your last boss would say about you?More items…
What is AR cycle?
Accounts Receivable (AR) refers to the outstanding invoices a company has, or the money it is owed from its clients. … In business, AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year.
How does r2r process work?
Record to report (R2R) is a finance and accounting management process which involves collecting, processing, and presenting timely and accurate financial data. … This process helps to provide strategic, financial, and operational feedback into the performance of the company or organization.
What is SAP RTR?
RTR is also sometimes referred as ATR. The first one is “Record to Report” and the second one “Accounting to Reporting”. RTR is an option of how you manage your implementation and manage your application with respect to various users of different requirements.
Why do you want this job?
Mention any skills or work experience that makes you a unique, strong candidate for the job. If possible, use numbers to express how you can add value to the business. For example, if you saved your previous company a certain amount of money, mention this, and say that you want to do the same for this company.
What is p2p job?
Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services. … Procure to pay is often abbreviated as P2P, but it shouldn’t be confused with, for example, peer-to-peer networking technology, which is also called P2P.
What is p2p cycle?
Purchase to Pay, also known as Procure to Pay and abbreviated to P2P, comprises a number of stages that describe the end-to-end process from an organisation ordering a product or service from suppliers, through to making the subsequent payment for those products or services.
What is r2r process in SAP?
Record to Report (R2R) is a Finance and Accounting (F&A) management process that involves collecting, processing, and delivering relevant, timely, and accurate information. It provides strategic, financial, and operational feedback on how a business is performing.
What is r2r and p2p?
Record-to-Report (R2R) Outsourcing – Moving Beyond General Accounting. … The Finance & Accounting (F&A) function comprises three end-to-end processes – Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R).
What is order to cash process?
Order to Cash also known as O2C or OTC is the business process that covers the entirety of the order processing system right from receiving the order to up until the point the payment is made and an entry is logged in your accounting books.
How do you calculate days in AR?
To calculate days in AR,Compute the average daily charges for the past several months – add up the charges posted for the last six months and divide by the total number of days in those months.Divide the total accounts receivable by the average daily charges. The result is the Days in Accounts Receivable.
What is AR invoice?
Accounts receivable refers to the outstanding invoices a company has or the money clients owe the company. The phrase refers to accounts a business has the right to receive because it has delivered a product or service.
What is GL reconciliation in SAP?
When you post items to a subsidiary ledger, the SAP system automatically posts the same data to the general ledger at the same time. Each subsidiary ledger has one or more reconciliation accounts in the general ledger. These reconciliation accounts ensure that the balance of G/L accounts is always zero.
What is the role of r2r?
Record to report (R2R) is a finance and accounting management process that involves collecting, processing and presenting accurate financial data. R2R provides strategic, financial and operational feedback on the performance of the organization to inform management and other stakeholders.
What is r2r interview questions?
Here are some of the top accounting interview questions which are generally expected:Q1. How many types of business transactions are there in accounting? … Q2. Explain real and nominal accounts with examples. … Q3. Which accounting platforms have you worked on? … Q4. What is double-entry bookkeeping? … Q5. … Q6. … Q7. … Q8.More items…
What are the top 5 questions to ask an interviewer?
The 5 Best Questions to Ask an InterviewerWhat do you expect from team members in this position? … Will those expectations change over time? … What is a typical day like at [company name]? … Where do you see the company in five years? … What are the next steps in the interview process?
What is AR process in BPO?
Cash application is a process relating to accounts receivable (AR), where incoming payments are applied to the corresponding customer invoice. Whether it is a cash or wire (EFT) payment, a monthly bank reconciliation is performed by the accounts payable (AP) assistant and the AR assistant within two days of month-end.