Cognizant Lead Administrator Interview Questions, Process, and Tips

Coupa Chart of Accounts is a structured list of all the accounts used by a company to define its financial transactions.

• It organizes financial transactions into categories for reporting and analysis

• Each account is assigned a unique code for easy identification

• It typically includes assets, liabilities, equity, revenue, and expense accounts

• Example: Account 1000 - Cash, Account 2000 - Accounts Payable

Configuring Chart of Accounts involves setting up the structure of accounts to track financial transactions.

• Identify the types of accounts needed (e.g. assets, liabilities, equity, revenue, expenses)

• Assign a unique account number to each account for easy identification

• Establish the hierarchy of accounts to organize them in a logical manner

• Define the account names and descriptions for clarity and consistency

• Consider the...read more

The Lead Administrator or a user with appropriate permissions can fix a breached approval route.

• Lead Administrator can fix a breached approval route

• User with appropriate permissions can also fix it

Up to 200 custom fields can be setup in a Coupa object.

• Coupa objects can have up to 200 custom fields set up.

• Custom fields can be used to capture additional data specific to your organization.

• Examples of custom fields include 'Customer ID', 'Project Code', 'Approval Status', etc.

Budgets in Coupa are financial plans that outline an organization's expected revenues and expenses over a specific period of time.

• Budgets help organizations track and manage their financial resources.

• They provide a roadmap for spending and help ensure that funds are allocated appropriately.

• Budgets can be set at various levels within an organization, such as departmental or project budgets.

• Coupa allows users to create, ...read more