Accenture Procurement Associate Interview Questions, Process, and Tips

Q1. Tell me something about procurement
Ans. 
Procurement involves acquiring goods and services from external sources to support an organization's operations.
• Procurement is the process of finding, acquiring, and buying goods, services, or works from an external source.

• It involves identifying the needs of the organization, selecting suppliers, negotiating contracts, and managing supplier relationships.

• Procurement aims to ensure that the organization receives the be...read more
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Q2. What is purchase requisition
Ans. 
A purchase requisition is a formal request to procure goods or services.
• It is a document used to request the purchase of goods or services

• It includes details such as quantity, description, and budget allocation

• It is typically approved by a manager or supervisor before the purchase is made
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Q3. How is the process of procurement carried out ?
Ans. 
Procurement process involves identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.
• Identifying needs and requirements

• Sourcing potential suppliers

• Negotiating terms and contracts

• Managing supplier relationships

• Ensuring timely delivery and quality of goods/services
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Q4. What are revesal entires ?
Ans. 
Reversal entries are accounting entries made to correct errors in previously recorded transactions.
• Reversal entries are used to reverse the effects of incorrect entries without deleting the original entry.

• They are typically made in the same accounting period as the original entry.

• Reversal entries are made to ensure accurate financial reporting and maintain the integrity of the accounting records.
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Q5. What is document posting?
Ans. 
Document posting is the process of uploading or entering documents into a system for record-keeping or sharing purposes.
• Document posting involves uploading or entering documents into a system.

• It is commonly used in accounting and procurement to record transactions and invoices.

• Document posting helps in maintaining accurate records and facilitating easy access to information.
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Q6. What is dunning?
Ans. 
Dunning is the process of communicating with customers to collect overdue payments.
• Dunning involves sending reminders, notifications, and warnings to customers who have not paid their bills on time.

• It may include phone calls, emails, letters, or automated messages.

• The goal of dunning is to encourage customers to pay their outstanding balances and maintain positive relationships.

• Dunning can also involve offering payment...read more
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Q1. Where do you see yourself in next 2 years ?
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Q2. How well you would place yourself as a team player ?
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Q3. How do you see yourself as a team player ?
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Q4. What are your expectations from this company?
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Normally bank aptitude questions, 1 essay writing

Q1. Normal what I have done in my past experiences. What is P2P cycle. What do you understand by catalogue.
Ans. 
P2P cycle is the process of procuring goods or services from a supplier, while catalogue is a list of available items for purchase.
• P2P cycle involves requisition, purchase order, receipt of goods or services, and payment to supplier.

• Catalogue is a list of items available for purchase, often with descriptions and prices.

• Catalogues can be physical or digital, and can be used to streamline the procurement process.

• Catalogu...read more
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Q2. What is Supplier enablement
Ans. 
Supplier enablement is the process of onboarding and empowering suppliers to efficiently and effectively conduct business with a company.
• Supplier enablement involves providing suppliers with the necessary tools, resources, and information to streamline the procurement process.

• This can include implementing electronic procurement systems, providing training and support, and establishing clear communication channels.

• By en...read more
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What is SAP Contracts? Which T-Code is used? What is diff between ECC and S/4 Hanna

Q1. Basics about accounting.
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Q1. Education history and basic knowledge in accounting.
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