Accenture P2P Process Associate Interview Questions, Process, and Tips

General aptitude test
Assesses a wide range of cognitive abilities, including reasoning, numerical skills, data analysis, and verbal skills

Q1. Interview process
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Q2. DSR Reports Of the company.
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Q1. Tell me about your self
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Q2. What is your salary expectation
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Its online based test. accounting related they asked

Q1. What do you know about p2p
Ans. 
P2P stands for Procure-to-Pay, which is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.
• P2P involves the entire cycle from requesting goods/services to paying for them.

• It includes steps like requisitioning, purchase order creation, goods receipt, invoice processing, and payment.

• P2P aims to streamline and automate the procurement process to improve efficiency and r...read more
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Q2. Explain the process of p2p
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P2P process involves the entire cycle of purchasing goods or services, from requisition to payment.
• Requisition: Request for goods or services is made by the user or department.

• Purchase Order: Formal document is created to authorize the purchase.

• Receipt of Goods/Services: Goods or services are received and inspected.

• Invoice Processing: Supplier sends invoice, which is matched with purchase order and receipt.

• Payment: Pay...read more
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Q1. What is inter company?
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Inter company refers to transactions or activities that occur between two or more companies within the same corporate group.
• Inter company transactions involve the transfer of goods, services, or funds between different entities within the same parent company.

• These transactions are typically recorded in the financial statements of each individual company involved.

• Inter company activities can include inter company sales,...read more
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Q2. What is accrued income? Accrued income is a revenue that's has been earned but has yet to be received.
Ans. 
Accrued income is revenue that has been earned but has not yet been received.
• Accrued income is recorded as a current asset on the balance sheet.

• It represents revenue that has been recognized but not yet received in cash.

• Common examples include interest income, rent income, and service fees.

• Accrued income is typically recorded through an adjusting entry at the end of an accounting period.

• It is important for accurate fin...read more
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Q1. What is deprecation? Deprecation is value of decreasing an asset.
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Depreciation is the decrease in value of an asset over time.
• Depreciation is a method used in accounting to allocate the cost of an asset over its useful life.

• It reflects the wear and tear, obsolescence, or loss of value of an asset.

• Depreciation expense is recorded on the income statement and reduces the asset's value on the balance sheet.

• There are various methods of calculating depreciation, such as straight-line, decl...read more
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