Accenture Accounts Payable Executive Interview Questions and Answers

Q1. Explain about P2P cycle
Ans. 
P2P cycle refers to the Procure-to-Pay cycle, which involves the entire process from requisitioning goods/services to making payment.
• The P2P cycle starts with a purchase requisition being raised by the requesting department.

• The purchase requisition is then approved by the relevant authority.

• A purchase order is generated and sent to the vendor.

• Goods/services are received and the invoice is matched with the purchase orde...read more
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Q2. 2 way matching and 3 way matching
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Q1. Difference Between PO and Non PO
Ans. 
PO is a purchase order issued by a buyer to a seller, specifying the products or services to be purchased. Non-PO is an invoice without a purchase order.
• PO is a formal document that authorizes a purchase transaction, while Non-PO is an invoice submitted by a vendor for payment without a purchase order.

• POs are typically used for larger purchases or ongoing agreements, while Non-PO invoices are used for one-time purchase...read more
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Q1. Golden rules P2P releted questions
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