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Accenture Functional Consultant Interview Questions and Answers

Updated 25 Jul 2024

Q1. What is item sales tax group how do u set up item sales group in tax module?

Ans.

Item sales tax group is a grouping of items that have the same tax treatment. It is set up in the tax module to apply specific tax rates to items.

  • Item sales tax group is used to apply specific tax rates to items that belong to the same group.

  • It helps in managing tax calculations for different items efficiently.

  • To set up item sales tax group, go to the tax module in the ERP system and create a new tax group.

  • Assign the relevant tax rates and rules to the tax group, and then ass...read more

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Q2. What is Number sequences and where do you create them?

Ans.

Number sequences are unique identifiers used to generate and assign numbers to records in Dynamics 365 Finance and Operations.

  • Number sequences are created in the Number sequences form in the System administration module.

  • They are used to automatically generate unique identifiers for various records such as customers, vendors, and transactions.

  • Number sequences can be customized to include prefixes, suffixes, and specific number formats.

  • For example, a number sequence for sales o...read more

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Q3. What is difference between Chart of accounts and main accounts

Ans.

Chart of accounts is a list of all the accounts used by an organization, while main accounts are the individual accounts within the chart of accounts.

  • Chart of accounts is a structured list of all the general ledger accounts used by an organization.

  • Main accounts are the individual accounts within the chart of accounts, representing specific financial transactions.

  • Chart of accounts provides a framework for organizing financial transactions, while main accounts hold the actual f...read more

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Q4. What are the differences between oracle EBS and Oracle Fusion

Ans.

Oracle EBS is an on-premise ERP system, while Oracle Fusion is a cloud-based ERP system.

  • Oracle EBS is an on-premise system, while Oracle Fusion is a cloud-based system

  • Oracle EBS has a monolithic architecture, while Oracle Fusion has a modular architecture

  • Oracle EBS requires more maintenance and upgrades compared to Oracle Fusion

  • Oracle EBS has a more traditional user interface, while Oracle Fusion has a more modern and intuitive user interface

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Q5. What are the types of purchase orders

Ans.

Types of purchase orders include standard, blanket, contract, planned, and internal orders.

  • Standard Purchase Order: Used for one-time purchases of goods or services.

  • Blanket Purchase Order: Used for multiple purchases of the same items over a period of time.

  • Contract Purchase Order: Used for long-term agreements with suppliers.

  • Planned Purchase Order: Used for recurring purchases based on predefined criteria.

  • Internal Purchase Order: Used for purchases within the organization.

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Q6. What is sales tax group

Ans.

A sales tax group is a grouping of tax codes that are applied to a specific set of products or services.

  • Sales tax groups help streamline the tax calculation process for specific items

  • They allow for easier management of tax rates for different products or services

  • For example, a company may have different tax rates for clothing, electronics, and food items

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Q7. Explain Procure-to-Pay process cycle.

Ans.

Procure-to-Pay process cycle involves requisitioning, purchasing, receiving, invoicing, and payment.

  • Requisitioning: Identifying the need for goods or services and creating a purchase requisition.

  • Purchasing: Selecting a supplier, creating a purchase order, and sending it to the supplier.

  • Receiving: Receiving the goods or services and confirming receipt.

  • Invoicing: Supplier sends an invoice for the goods or services provided.

  • Payment: Processing the invoice and making the payment ...read more

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Q8. What is wbs Wbs?

Ans.

WBS stands for Work Breakdown Structure, a hierarchical decomposition of the total scope of work to be carried out by the project team.

  • WBS breaks down the project into smaller, more manageable components.

  • It helps in organizing and defining the total scope of the project.

  • Each level of the WBS represents a different level of detail.

  • WBS is often depicted as a tree structure with levels of detail.

  • Example: Level 1 - Project, Level 2 - Phase, Level 3 - Deliverable, Level 4 - Work P...read more

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