i. Sale of investment is the generic sub-element of cash inflows
ii. One of the techniques of preparing a ‘Cash Budget’ is Balance Sheet method
iii. Cash Turnoveris calculated as 12 months/ Cash cycle in number of days
iv. The Operating cycle model was developed by William J. Baumol
v. Measure of performance isreferred as Metrics.

i. Sale of investment is the generic sub-element of cash inflows
ii. One of the techniques of preparing a ‘Cash Budget’ is Balance Sheet method
iii. Cash Turnoveris calculated as 12 months/ Cash cycle in number of days
iv. The Operating cycle model was developed by William J. Baumol
v. Measure of performance isreferred as Metrics.

Fill in the blanks: 

i. The Sarbanes-Oxley Act (SOX) was enacted in ---------------------------
ii. Intercompany accounting involves proper allocation of Revenues, Expenses and ------------------
iii. Interest on overdraft is adjusted -----------------------
iv. ------------------ isthe estimated value of the asset atthe end of its useful life.
v. The ability of a firm to generate cash both from within and outside to meet its cash requirementsis referredas------------------------------

Explain the day to day issues encountered in O2C processes.

Explain in detail the Stagesin Orderto Cash Cycle?

Explain the following terms in detail: 
a. Invoice
b. Credit Note
c. Purchase Order
d. Contact Rate
e. Promise Rate
f. Kept Rate

Write short notes on: (In about 200 -250 words)
i. Penetration Rate
ii. Query Resolution Process in O2C cycle
iii. Two tools used forO2C outsourcing

True or False: 

i. Cash Application is a part of the pre-invoicing stage
ii. Creditlimit is the monetary limit of the credit extended to a customer.
iii. Credit risk is mitigated by doing credit appraisal on continuous basis for the existing customers.
iv. Poor quality control can result in customer dissatisfaction.
v. Sending PO to seller does not constitute a legal offerto buy products or services.

Fill in the blanks: 

i. The credit function is also cynically called as --------------------------------------
ii. -------------------------- Is also called as ‘acid test ratio’.
iii. The effectiveness of the collection process is measured through a tool called ------------------.
iv. A business gets its fund by ------------------assets.
v. ---------------------Is the most important quality measure for the customersetup process.

Describe at least 10-12 best practices used by P2P team to improve the processes.

Explain all the Risks associated with the P2P cycle? How these risks are mitigated?

Stages in the Travel process

Parties involved in the T& E process and theirresponsibilities

Reasons for putting a non-PO invoice on hold differ from those for a PO invoice?

Role and Responsibility of Quality Control Specialist

Importance of Helpdesk

True or False: 
i. Vendors bank details are available in Vendor Master.
ii. The computer based application that allows the management of the requests from creation to closure is called Request Tracker.
iii. The quality control team should be a part of the AP team to be most effective.
iv. Degree of certainty of a possible outcome is Risk.
v. The Duality principle of accounting is also called principle of accounting equivalence.

Fill in the blanks:
i. The activity of placing an orderto buy stationery items belong to-----------------stage.
ii. The average time taken for a transaction to be completed is called---------------- --.
iii. Purchase activities consist of ------------------------ and--------------------- process.
iv.---------------Invoices are raised by the vendor for purchases that were made without raising PO.
v. Measurements taken on an activity to measure its quality is called --------------------.

Explain the various heads of liabilities and assets of Balance Sheet?

Record the following transactionsin Journal of Ram and post them into Ledger 

i. Commenced business with cash Rs 6,00,000
ii. Goods purchased fromShah Rs 60,000
iii. Goods returned to Shah Rs 30,000
iv. Interest paid to Shyam Rs 20,000
v. Commission received fromVarun Rs 6,000
vi. Sold goodsto Kabir Rs 5,00,000
vii. Discount allowed to Kabir Rs 20,000
viii. Discountreceived from Shah Rs 9,000
ix. Furniture purchased on cash Rs 80,000
x. Cash paid to Shah Rs 7,000