Accenture Functional Consultant Interview Questions, Process, and Tips

Chart of accounts is a list of all the accounts used by an organization, while main accounts are the individual accounts within the chart of accounts.

• Chart of accounts is a structured list of all the general ledger accounts used by an organization.

• Main accounts are the individual accounts within the chart of accounts, representing specific financial transactions.

• Chart of accounts provides a framework for organizing fin...read more

Number sequences are unique identifiers used to generate and assign numbers to records in Dynamics 365 Finance and Operations.

• Number sequences are created in the Number sequences form in the System administration module.

• They are used to automatically generate unique identifiers for various records such as customers, vendors, and transactions.

• Number sequences can be customized to include prefixes, suffixes, and specific...read more

A sales tax group is a grouping of tax codes that are applied to a specific set of products or services.

• Sales tax groups help streamline the tax calculation process for specific items

• They allow for easier management of tax rates for different products or services

• For example, a company may have different tax rates for clothing, electronics, and food items

Item sales tax group is a grouping of items that have the same tax treatment. It is set up in the tax module to apply specific tax rates to items.

• Item sales tax group is used to apply specific tax rates to items that belong to the same group.

• It helps in managing tax calculations for different items efficiently.

• To set up item sales tax group, go to the tax module in the ERP system and create a new tax group.

• Assign the r...read more

I believe Accenture aligns with my dreams and goals due to their reputation for innovation and global impact.

• Accenture is known for its cutting-edge technology solutions, which align with my passion for innovation.

• The global reach of Accenture provides opportunities to work on diverse projects and collaborate with talented professionals from around the world.

• Accenture's focus on making a positive impact on society thro...read more

Procure-to-Pay process cycle involves requisitioning, purchasing, receiving, invoicing, and payment.

• Requisitioning: Identifying the need for goods or services and creating a purchase requisition.

• Purchasing: Selecting a supplier, creating a purchase order, and sending it to the supplier.

• Receiving: Receiving the goods or services and confirming receipt.

• Invoicing: Supplier sends an invoice for the goods or services provid...read more

Oracle EBS is an on-premise ERP system, while Oracle Fusion is a cloud-based ERP system.

• Oracle EBS is an on-premise system, while Oracle Fusion is a cloud-based system

• Oracle EBS has a monolithic architecture, while Oracle Fusion has a modular architecture

• Oracle EBS requires more maintenance and upgrades compared to Oracle Fusion

• Oracle EBS has a more traditional user interface, while Oracle Fusion has a more modern and

Types of purchase orders include standard, blanket, contract, planned, and internal orders.

• Standard Purchase Order: Used for one-time purchases of goods or services.

• Blanket Purchase Order: Used for multiple purchases of the same items over a period of time.

• Contract Purchase Order: Used for long-term agreements with suppliers.

• Planned Purchase Order: Used for recurring purchases based on predefined criteria.

• Internal Purc...read more

WBS stands for Work Breakdown Structure, a hierarchical decomposition of the total scope of work to be carried out by the project team.

• WBS breaks down the project into smaller, more manageable components.

• It helps in organizing and defining the total scope of the project.

• Each level of the WBS represents a different level of detail.

• WBS is often depicted as a tree structure with levels of detail.

• Example: Level 1 - Project...read more