Accenture Accounts Payable Executive Interview Questions and Answers

Reconciliation is the process of comparing financial records to ensure accuracy and consistency.

• Objective is to identify discrepancies between records

• Ensures accuracy of financial data

• Helps in detecting errors or fraud

• Aids in maintaining financial integrity

• Important for financial reporting and decision-making

• Example: Reconciling bank statements with company records

The objective of vendor invoicing is to accurately record and track the goods or services purchased from a vendor and facilitate timely payment.

• Vendor invoicing helps in maintaining accurate records of purchases and expenses.

• It ensures that the company is billed correctly for the goods or services received.

• Vendor invoicing helps in tracking payments and managing cash flow effectively.

• It also helps in building and maint...read more

SLA stands for Service Level Agreement and KPI stands for Key Performance Indicator. They are both important metrics in measuring performance.

• SLA is a contract between a service provider and a customer, outlining the level of service expected. KPI is a measurable value that demonstrates how effectively a company is achieving key business objectives.

• SLA focuses on the agreed upon level of service, while KPI focuses on p...read more

O2C stands for Order to Cash, which is the process of receiving and fulfilling customer orders.

• O2C involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.

• It includes steps such as order entry, order fulfillment, invoicing, and payment collection.

• Efficient O2C processes help improve cash flow and customer satisfaction.

• Example: A customer places an order online, the order is pro...read more