Accenture Accounts Payable Associate Interview Questions, Process, and Tips

Q1. If going for finance directly through Accenture (no third party) be prepared for an assessment of English, Accounts, Domain(RTR, PTP or O2C), Maths and Computers with minimum 90% results to qualify for sec...read more
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Q2. Basic accounting. 12th standard maths.
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Q1. What do you think Accenture's team do in procurement.
Ans. 
Accenture's procurement team manages the purchasing process for goods and services.
• They identify suppliers and negotiate contracts

• They ensure compliance with company policies and regulations

• They manage the purchase order process and invoice payments

• They analyze spending patterns and identify cost-saving opportunities

• They work closely with other departments to ensure timely delivery of goods and services

• For example, the...read more
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Q1. Golden rules of accounting
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.

• For example, when a company recei...read more
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Q2. Types of accounting
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Types of accounting include financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making.

• Tax accounting deals with tax-related matters such as tax returns and compliance.

• Other types include cost accounting, forensic accounting, and aud
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Q3. What is depreciation
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Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread out the cost of an asset over its useful life instead of expensing it all at once.

• Common methods of calculating depreciation include straight-line, double-declining balance, and units of production.

• Examples of depreciable as...read more
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5 topics 5 tests were there during the assessment

Q1. Everything related to accounts payble
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Q2. Steps in procure to pay
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Procure to pay is the process of obtaining goods or services from a vendor, receiving and approving the invoice, and making payment.
• Identify need for goods or services

• Obtain quotes or proposals from vendors

• Create purchase order

• Receive goods or services

• Approve invoice for payment

• Make payment to vendor
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There are 5 subjects in the assessment and as far as my knowledge you get 2 or 3 attempts to clear those. You need to get 80 percent in all subject in order to qualify for round 2.

APTITUDE REASONING LOGICAL CLOUD MS OFFICE AWS