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Cognizant
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I applied via Naukri.com and was interviewed in Mar 2022. There were 2 interview rounds.
Cognizant question so hard and easy
I applied via Company Website and was interviewed in Oct 2024. There was 1 interview round.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount of money owed by a company to its suppliers or vendors
It is typically short-term debt that must be paid within a certain period of time
Examples include invoices from suppliers for inventory purchases or services rendered
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
The golden rules include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.
For example, when a company receives ...
2 way match and 3 way match are methods used in accounts payable to ensure accuracy in invoicing and payment.
2 way match involves matching the invoice to the purchase order
3 way match involves matching the invoice to the purchase order and receiving report
Helps prevent overpayment or underpayment
Ensures that the goods or services were received as per the agreement
posted on 4 Nov 2024
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
These rules help ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.
For example, when a company recei...
Types of accounting include financial accounting, management accounting, and tax accounting.
Financial accounting focuses on recording and reporting financial transactions of a business.
Management accounting involves providing information to help with internal decision-making.
Tax accounting deals with tax-related matters such as tax returns and compliance.
Other types include cost accounting, forensic accounting, and aud
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread out the cost of an asset over its useful life instead of expensing it all at once.
Common methods of calculating depreciation include straight-line, double-declining balance, and units of production.
Examples of depreciable as...
5 topics 5 tests were there during the assessment
Procure to pay is the process of obtaining goods or services from a vendor, receiving and approving the invoice, and making payment.
Identify need for goods or services
Obtain quotes or proposals from vendors
Create purchase order
Receive goods or services
Approve invoice for payment
Make payment to vendor
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
Yes, I am flexible with night shifts and have previous experience working during those hours.
I have no issues working night shifts and can adjust my schedule accordingly.
I have worked night shifts in my previous job and have experience handling tasks during those hours.
I understand the importance of being available during night shifts to ensure smooth operations.
I have experience using SAP T-codes such as F-43, FB60, and MIRO.
F-43 is used for entering a payment with reference
FB60 is used for entering invoices
MIRO is used for entering vendor invoices
Bad debt refers to money owed to a company that is unlikely to be paid back by the debtor.
Bad debt is an uncollectible amount that a company has deemed as unlikely to be recovered.
It is recorded as an expense on the company's income statement.
Companies may write off bad debts to remove them from accounts receivable.
Examples include customers who have declared bankruptcy or are insolvent.
Goodwill is an intangible asset that represents the value of a company's reputation, brand, and customer relationships.
Goodwill is recorded on a company's balance sheet when it acquires another company for a price higher than the fair market value of its net assets.
It is considered an intangible asset because it cannot be physically measured or touched.
Goodwill can be impaired if the value of the acquired company decre...
posted on 15 Dec 2024
I applied via Walk-in and was interviewed in Jun 2024. There were 2 interview rounds.
Some major challenges in posting invoices include missing or incorrect information, duplicate invoices, and delays in approvals.
Missing or incorrect information on invoices can lead to delays in processing.
Identifying and handling duplicate invoices can be time-consuming and require additional verification.
Delays in approvals from various departments or stakeholders can hold up the invoice posting process.
I applied via Approached by Company and was interviewed before Mar 2023. There was 1 interview round.
posted on 12 Mar 2022
I applied via Company Website and was interviewed in Feb 2022. There were 2 interview rounds.
AP in SAP stands for Accounts Payable, which is a module in the SAP software that manages and tracks all financial transactions related to vendor invoices and payments.
AP in SAP is responsible for recording and processing vendor invoices
It manages the payment process and tracks outstanding payments
AP in SAP integrates with other modules like General Ledger and Purchasing
It helps in maintaining accurate financial record...
ERP stands for Enterprise Resource Planning. It is a software system used to manage business processes and data.
SAP is an example of an ERP system.
ERP systems integrate various business functions such as finance, HR, and supply chain management.
ERP systems provide real-time data and analytics to help businesses make informed decisions.
SAP ERP includes modules such as Financial Accounting, Sales and Distribution, and Ma
I applied via Naukri.com and was interviewed before May 2022. There were 3 interview rounds.
I am a detail-oriented and organized individual with experience in accounts payable and a passion for accuracy.
I have worked in accounts payable for X years, where I have gained experience in processing invoices, reconciling accounts, and communicating with vendors.
I am skilled in using accounting software such as X and Y, and I am comfortable working with spreadsheets.
I am a quick learner and am always looking for way...
I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.
The 3 golden accounting principles are consistency, conservatism, and materiality.
Consistency: Accounting methods and procedures should be consistent from one period to another.
Conservatism: When in doubt, accountants should choose the option that is least likely to overstate assets and income.
Materiality: Only significant items should be recorded in the financial statements.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable represents the company's short-term liabilities.
It is recorded as a current liability on the balance sheet.
Accounts payable is typically paid within a certain period, often 30 to 90 days.
Examples of accounts payable include invoices from suppliers for inventory purchases or servi
I applied via Naukri.com and was interviewed in Jun 2024. There was 1 interview round.
There are 5 subjects in the assessment and as far as my knowledge you get 2 or 3 attempts to clear those. You need to get 80 percent in all subject in order to qualify for round 2.
based on 4 reviews
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