Financial Management

4 Questions | Total Attempts: 109

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Financial Management Quizzes & Trivia

Business ByDesign Financial Management Quiz


Questions and Answers
  • 1. 
    The business option for payment strategy within business configuration is used togenerate automatic payment proposals and control manual payments to businesspartners.
    • A. 

      Yes

    • B. 

      No

  • 2. 
    What are some of the ways that the Receivable work center assist in controllingcustomer accounts? (4 answers are correct)
    • A. 

      Enabling the user to control incoming customer payments.

    • B. 

      Providing reporting and controls to ensure that the customers settle their invoices in full and on time.

    • C. 

      Allowing the user to issue payment reminders to customers.

    • D. 

      Issuing Dunning notices for overdue payments.

    • E. 

      Displaying the contact data of customers to directly communicate with them.

  • 3. 
    Which work centers have the Payment Monitor sub view? (2 answers are correct)
    • A. 

      Receivables

    • B. 

      Payment Management

    • C. 

      Payables

    • D. 

      Cash and Liquidity Management

  • 4. 
    Describe the steps you will execute for month end close.