Capgemini Senior Associate Interview Questions, Process, and Tips

The Procure-to-Pay (P2P) cycle is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.

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

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

• Receiving: Receiving the goods or services and confirming that they meet the requirements.

• Paying fo...read more

Vendor reconciliation is the process of comparing the vendor's records with your own to ensure accuracy and resolve any discrepancies.

• Gather all invoices and statements from the vendor

• Match the invoices with your records to ensure accuracy

• Identify and resolve any discrepancies or errors

• Communicate with the vendor to clarify any issues

• Update the records and ensure all payments are made correctly

GRN stands for Goods Receipt Note, a document used in inventory management to confirm the receipt of goods from a supplier.

• GRN is used to verify the quantity and quality of goods received from a supplier.

• It is typically generated by the receiving department and matched with the purchase order.

• GRN helps in tracking inventory levels and ensuring accurate stock counts.

• Example: A warehouse manager creates a GRN after recei

A credit note is a document issued by a seller to a buyer, reducing the amount owed by the buyer to the seller.

• A credit note is typically issued when there is an overpayment, return of goods, or a discount given to the buyer.

• It serves as a record of the reduction in the amount owed by the buyer to the seller.

• Credit notes are important for maintaining accurate financial records and reconciling accounts.

• Example: A custom...read more

A debit note is a document used by a buyer to inform a seller of a return or deduction in the amount owed.

• A debit note is issued when there is a discrepancy in the amount owed by the buyer to the seller.

• It serves as a formal request for a credit note or refund from the seller.

• Debit notes are commonly used in business-to-business transactions to rectify billing errors or returns.

• They typically include details such as th...read more

P2P cycle refers to the Procure-to-Pay cycle, which is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.

• Requisitioning: Identifying the need for goods or services

• Purchasing: Selecting a vendor and negotiating terms

• Receiving: Accepting and verifying the goods or services

• Paying for: Processing invoices and making payments

• Accounting: Recording transactions and reconci

The entry for goods purchase involves debiting the inventory account and crediting the accounts payable account.

• Debit the inventory account to increase the asset value

• Credit the accounts payable account to show the liability

• Example: Debit Inventory $10,000, Credit Accounts Payable $10,000

2 way match involves matching the invoice with the purchase order, while 3 way match involves matching the invoice with the purchase order and the receiving report.

• 2 way match involves matching the invoice with the purchase order only

• 3 way match involves matching the invoice with the purchase order and the receiving report

• 2 way match helps in verifying the accuracy of the invoice against the purchase order

• 3 way match a...read more