Accenture P2P Process Associate Interview Questions, Process, and Tips

Q1. What is inter company?
Ans. 
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.
Ans. 
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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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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