ABB Finance Specialist Interview Questions and Answers

Great experience. But twist questions

Q1. Self introduction
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Q1. Related to the profile applied and journal entries
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Q1. Technical knowledge of ERP,
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Q2. SAP, HFM, Power BI and other tools
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Q1. Personal questions in relation to work,life
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Q1. What are your strengths and weaknesses?
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Q2. Tell me about yourself.
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Q3. Assignment, stability
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Q1. 1,what is O2c cycle 2.what is P2P cycle
Ans. 
O2C cycle is the process of receiving and fulfilling customer orders, while P2P cycle is the process of procuring goods and services from vendors.
• O2C cycle involves order entry, order processing, order fulfillment, and payment collection.

• P2P cycle involves requisition, purchase order creation, goods receipt, invoice receipt, and payment processing.

• Both cycles are important for the smooth functioning of a business and i...read more
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Q2. Golden rules of accounts
Ans. 
Golden rules of accounts are basic principles to maintain accurate financial records.
• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains

• Maintain proper documentation and records

• Ensure accuracy and consistency in recording transactions
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