Accentuate IT Solutions Ptp Analyst Interview Questions and Answers

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Q1. What is SAP FICO SAP FICO is a central component for the financial module of the ERP solution from SAP FICO helps company to manage all there financial data, generate balance sheet
Ans. 
SAP FICO is a central component of the SAP ERP solution for financial management, including managing financial data and generating balance sheets.
• SAP FICO stands for SAP Financial Accounting and Controlling.

• It helps companies manage financial data, track financial transactions, and generate financial reports.

• SAP FICO integrates with other modules like Sales and Distribution (SD) and Materials Management (MM) for a comp...read more
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Q1. Stages in PTP Cycle 1. Pre-purchase Vendor identification Vendor evaluation Vendor selection Vendor set-up 2. Purchase Purchase requisition Purchase order 3. Post-Purchase ...read more
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The PTP cycle consists of three main stages: Pre-purchase, Purchase, and Post-Purchase.
• Pre-purchase stage involves vendor identification, evaluation, selection, and set-up.

• Purchase stage includes purchase requisition and purchase order.

• Post-Purchase stage consists of receiving, invoice handling, invoice processing, and payment processing.
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Q2. What is Purchase order Purchase order is a commercial document prepare by buyer and vendor to a customer
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A purchase order is a commercial document issued by a buyer to a vendor to request goods or services.
• It includes details such as quantity, price, delivery date, and terms of payment.

• It serves as a legally binding contract between the buyer and the vendor.

• Purchase orders help track and manage purchases, ensuring timely delivery and accurate invoicing.

• Examples of purchase order software include SAP, Oracle, and QuickBook
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Q3. Source documents in P2P cycle Purchase Requisition Purchase order Goods Receipt Note Invoice verification Payment
Ans. 
Source documents in P2P cycle include purchase requisition, purchase order, goods receipt note, invoice verification, and payment.
• Purchase Requisition: Document requesting the purchase of goods or services.

• Purchase Order: Document authorizing the purchase of goods or services.

• Goods Receipt Note: Document confirming the receipt of goods.

• Invoice Verification: Document verifying the accuracy of the invoice.

• Payment: Docume
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Q4. Stakeholders in P2P Tree primary stakeholders are:- a. End user b. Purchaser c. Payer
Ans. 
The three primary stakeholders in P2P are end users, purchasers, and payers.
• End users are the individuals who will ultimately use the product or service being purchased.

• Purchasers are the ones responsible for selecting and buying the product or service.

• Payers are the individuals or entities who will provide the funds for the purchase.
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Q1. What is PTP explain
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PTP stands for Procure-to-Pay, which is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services in a business.
• PTP involves the entire cycle of purchasing goods and services, from requisition to payment.

• It includes activities such as creating purchase orders, receiving goods, approving invoices, and making payments.

• PTP helps streamline the procurement process, improve effi...read more
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Q2. What is depreciation and types
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Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Straight-line depreciation allocates an equal amount of depreciation expense each year.

• Double declining balance method accelerates depreciation in...read more
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Q1. Electronic base question
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Q2. Electronic base question
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Q3. Computer base question
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