Accenture P2P Accounts Payable Executive Interview Questions, Process, and Tips

Q1. What is the objective of reconciliation & why is it important?
Ans. 
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
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Q2. What is the objective of vendor invoicing?
Ans. 
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
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Q3. What is SLA & KPI? Explain the 5 differences between them.
Ans. 
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
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Q4. What do you understand with O2C?
Ans. 
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
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Group discussion will be Good in interview process because the job seekers will gain new ideas and concepts

The aptitude test is to find the general and technical knowledge that the job seekers

Q1. What is the Genpact
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Q2. What is the invoice
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Q3. Why you need this job
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Q4. Without parents and education what you are
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Q5. How you know about the Genpact
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Q1. Self Intrudutions
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Q2. Accounts related questions
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Q1. P2p cycle credit not debite note
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Q2. Bank reconciliation statement
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Q1. Own topic explain
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Q2. About bangalore
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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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Accounting and Grammar

Q1. Accounts Payable Cycle
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Q2. Journal Entries
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Q1. Took by Manager
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Q1. TDS sections and percentage
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Q2. SAP Tcodes.
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