Accenture P2P Accounts Payable Executive Interview Questions and Answers

The number of variances in SAP can vary depending on the specific processes and transactions being analyzed.

• The number of variances in SAP can be influenced by factors such as data entry errors, system glitches, or discrepancies in invoice processing.

• Variances in SAP may be identified through reconciliation processes, exception reports, or manual reviews of accounts payable transactions.

• Examples of variances in SAP inc...read more

Accounts receivable and accounts payable are two important aspects of a company's financial operations.

• Accounts receivable refers to money owed to a company by its customers for goods or services provided.

• Accounts payable refers to money owed by a company to its suppliers or vendors for goods or services received.

• Accounts receivable is an asset on the balance sheet, while accounts payable is a liability.

• Managing accoun...read more

Cost element and cost center are key concepts in accounting for tracking and allocating costs within an organization.

• Cost element refers to the specific types of costs incurred by an organization, such as materials, labor, or overhead.

• Cost center is a specific department, team, or function within an organization that is responsible for incurring costs.

• Cost elements are assigned to cost centers to track and allocate cos...read more

SAP supports over 160 currencies worldwide.

• SAP supports over 160 currencies for global transactions.

• Currencies can be configured in SAP using transaction code OB22.

• Each currency is assigned a unique currency code (e.g. USD for US Dollar, EUR for Euro).

There are various types of projects, including internal projects, external projects, research projects, and development projects.

• Internal projects focus on improving processes within the organization.

• External projects involve working with external partners or clients.

• Research projects aim to gather data and analyze findings.

• Development projects focus on creating new products or services.

• Examples: IT system implementati...read more

Experienced P2P Accounts Payable Executive with a strong background in financial management and process optimization.

• Over 10 years of experience in accounts payable and financial operations.

• Successfully implemented an automated invoicing system that reduced processing time by 30%.

• Skilled in managing vendor relationships and negotiating payment terms to optimize cash flow.

• Proficient in using ERP systems like SAP and Ora...read more

Accounts payable process involves managing and recording financial obligations to vendors and suppliers.

• Accounts payable process includes receiving invoices from vendors and verifying them for accuracy

• The process also involves obtaining approvals for payments and issuing payments to vendors

• It is important to maintain accurate records of all transactions and ensure timely payments to avoid late fees or penalties

• Automati...read more

Looking for growth opportunities and to expand my skill set.

• Seeking new challenges and experiences

• Interested in learning new technologies and processes

• Want to work for a company with a strong culture and values

• Desire to advance my career and take on more responsibility

• Exploring opportunities for professional development and networking

I am an experienced P2P Accounts Payable Executive with a strong background in managing financial operations.

• I have over 10 years of experience in managing accounts payable processes

• I am skilled in implementing process improvements to increase efficiency and reduce costs

• I have a proven track record of managing large teams and ensuring timely and accurate payments to vendors

• I am familiar with various accounting software...read more