Conduent Accounts Payable Associate Interview Questions, Process, and Tips

Q1. Tell About yourself
Ans. 
Experienced Accounts Payable Associate with a strong attention to detail and a track record of accuracy in processing invoices and payments.
• Over 5 years of experience in accounts payable

• Proficient in processing invoices, reconciling accounts, and issuing payments

• Strong attention to detail and accuracy in financial transactions

• Familiar with accounting software such as QuickBooks and SAP

• Excellent communication skills for
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Q2. Elaborate your skills
Ans. 
I have strong attention to detail, excellent organizational skills, and proficiency in accounting software.
• Attention to detail in processing invoices and payments

• Organizational skills in maintaining accurate records and meeting deadlines

• Proficiency in accounting software like QuickBooks or SAP

• Ability to reconcile accounts and resolve discrepancies

• Experience in vendor communication and resolving payment issues
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Q1. Technical questions on accounts
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Q2. Why do you want this job
Ans. 
I am passionate about working with numbers and ensuring accuracy in financial transactions.
• I have a strong background in accounting and enjoy working with numbers

• I am detail-oriented and thrive in roles that require precision and accuracy

• I am excited about the opportunity to contribute to the financial health of the company
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Typing test with pass mark of 90%

Q1. What is Account payable
Ans. 
Accounts Payable is the amount a company owes to its vendors or suppliers for goods or services received but not yet paid for.
• AP is a liability account in the balance sheet

• It includes invoices, bills, and other expenses

• It is managed by the AP department

• It is important for cash flow management and vendor relationships
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Q2. Account payable journal entry
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Q3. Tell about the financial statements
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Financial statements are reports that show the financial performance of a company.
• There are three main financial statements: balance sheet, income statement, and cash flow statement.

• The balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• The income statement shows the company's revenue, expenses, and net income over a period of time.

• The cash flow statement shows the company's i...read more
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Q4. Vlookup and tell about the lookup function in excel
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Vlookup is a function in Excel used to search for a specific value in a table and return a corresponding value.
• Vlookup stands for 'Vertical Lookup'

• It is used to search for a specific value in the first column of a table and return a corresponding value from a specified column

• It is commonly used in accounting and finance for tasks such as matching invoices to purchase orders

• Syntax: =VLOOKUP(lookup_value, table_array, co...read more
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Q1. Account Payable Process Golden rules with example
Ans. 
Golden rules for Accounts Payable process with examples
• Ensure accuracy of data entry and documentation

• Verify invoices against purchase orders and receipts

• Match invoices to correct GL accounts

• Pay invoices on time to avoid late fees and maintain good vendor relationships

• Maintain proper records and documentation for audits

• Example: Verify that the invoice amount matches the purchase order and receipt before processing paym...read more
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Q2. Journal entries related to basic account
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