Capgemini Senior Associate Interview Questions, Process, and Tips

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

A debit note is a document sent by a buyer to a seller, indicating that the buyer is returning goods or services and requesting a credit note.

• A debit note is used to notify the seller of a return or adjustment to an invoice

• It includes details such as the reason for the return, the quantity and price of the goods or services being returned, and the total amount being debited

• The seller can then issue a credit note to the...read more

The invoice process is going smoothly and efficiently.

• We have implemented an automated system for invoice processing.

• All invoices are now being received and processed electronically.

• We have also established clear guidelines for invoice approval and payment.

• As a result, we have seen a significant reduction in errors and delays in the process.

Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

• Reconciliation involves identifying discrepancies between the two sets of records.

• It is often performed in accounting to ensure financial transactions are accurately recorded.

• Reconciliation can be done manually or using software tools.

• Examples include bank reconciliation, where a company compares its internal financial record...read more

Vlookup formula is used to search for a value in the first column of a range and return a value in the same row from another column.

• Use the VLOOKUP function in Excel or Google Sheets

• Specify the lookup value, table array, column index number, and range lookup (exact match or approximate match)

• Example: =VLOOKUP(A2, Sheet2!A:B, 2, FALSE) will search for the value in cell A2 in the first column of Sheet2 and return the cor

A PO or Purchase Order typically includes details such as product or service description, quantity, price, delivery date, payment terms, and vendor information.

• Product or service description

• Quantity

• Price

• Delivery date

• Payment terms

• Vendor information