Accenture Accounts Payable Associate Interview Questions and Answers for Experienced

Procurement process involves identifying needs, selecting suppliers, negotiating contracts, and purchasing goods/services.

• Identify the need for goods/services

• Select potential suppliers

• Negotiate contracts and terms

• Purchase goods/services

• Receive and inspect goods/services

• Process invoices and payments

• Maintain records and monitor supplier performance

Bad debt refers to an amount owed by a debtor that is unlikely to be paid and is written off as a loss by the creditor.

• Bad debt is a financial loss for the creditor

• It occurs when a debtor fails to pay back the amount owed

• It is written off as an expense in the creditor's financial statements

• Examples include unpaid credit card bills, defaulted loans, and bounced checks

I selected Genpact because of its strong reputation in the industry and its focus on career growth and development.

• Genpact has a strong reputation in the industry for its expertise in finance and accounting services.

• The company offers excellent career growth opportunities and invests in the development of its employees.

• Genpact has a global presence and works with top-tier clients, providing exposure to diverse industri...read more

If I got a better opportunity after accepting this job, I would evaluate the new opportunity and make a decision based on my career goals and personal circumstances.

• I would consider the nature of the better opportunity, such as the job role, responsibilities, and growth potential.

• I would assess the compensation and benefits offered in the new opportunity compared to my current job.

• I would evaluate the company culture a...read more

I am a detail-oriented and organized individual with experience in accounts payable and a passion for accuracy.

• I have worked in accounts payable for X years, where I have gained experience in processing invoices, reconciling accounts, and communicating with vendors.

• I am skilled in using accounting software such as X and Y, and I am comfortable working with spreadsheets.

• I am a quick learner and am always looking for way...read more

P2P cycle is the process of procuring goods or services, receiving and approving invoices, and making payments to vendors.

• P2P cycle stands for Procure-to-Pay cycle.

• It involves steps like requisitioning, purchasing, receiving, invoicing, and payment.

• Accounts payable is a department responsible for processing invoices and making payments to vendors.

• Golden rules in accounts payable include accuracy, timeliness, and proper...read more

Yes, I am willing to work in Hyderabad.

• I am open to relocating to Hyderabad for this job opportunity.

• I am excited about the prospect of working in a new city and experiencing a different culture.

• I have researched about Hyderabad and believe it offers a conducive environment for professional growth.

• I am ready to adapt to the local work culture and contribute to the success of the company.

I have a Bachelor's degree in Accounting and 3 years of experience in accounts payable.

• Bachelor's degree in Accounting

• 3 years of experience in accounts payable

• Proficient in using accounting software such as QuickBooks

• Strong attention to detail and accuracy in processing invoices and payments

• Excellent organizational and time management skills

• Ability to work independently and meet deadlines

• Good communication and interper