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Genpact Process Associate (Accounts Payable) Interview Questions and Answers
Genpact Process Associate (Accounts Payable) Interview Experiences
1 interview found
Anonymous
Interview Questionnaire
1 Question
- Q1. What is 3 way matching
- Ans.
3 way matching is a process of matching purchase orders, goods receipts, and supplier invoices.
It ensures that the supplier invoice matches the purchase order and the goods receipt.
It helps in identifying discrepancies and errors in the procurement process.
It is a crucial step in accounts payable to ensure accurate and timely payments.
For example, if a company orders 100 units of a product, receives 90 units, and the s...
Process Associate (Accounts Payable) Jobs at Genpact
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I applied via LinkedIn and was interviewed in Dec 2024. There was 1 interview round.
(4 Questions)
- Q1. What is the objective of reconciliation & why is it important?
- Ans.
Reconciliation is the process of comparing financial records to ensure accuracy and consistency.
Objective is to identify discrepancies between records
Ensures accuracy of financial data
Helps in detecting errors or fraud
Aids in maintaining financial integrity
Important for financial reporting and decision-making
Example: Reconciling bank statements with company records
- Q2. What is the objective of vendor invoicing?
- Ans.
The objective of vendor invoicing is to accurately record and track the goods or services purchased from a vendor and facilitate timely payment.
Vendor invoicing helps in maintaining accurate records of purchases and expenses.
It ensures that the company is billed correctly for the goods or services received.
Vendor invoicing helps in tracking payments and managing cash flow effectively.
It also helps in building and maint...
- Q3. What is SLA & KPI? Explain the 5 differences between them.
- Ans.
SLA stands for Service Level Agreement and KPI stands for Key Performance Indicator. They are both important metrics in measuring performance.
SLA is a contract between a service provider and a customer, outlining the level of service expected. KPI is a measurable value that demonstrates how effectively a company is achieving key business objectives.
SLA focuses on the agreed upon level of service, while KPI focuses on p...
- Q4. What do you understand with O2C?
- Ans.
O2C stands for Order to Cash, which is the process of receiving and fulfilling customer orders.
O2C involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.
It includes steps such as order entry, order fulfillment, invoicing, and payment collection.
Efficient O2C processes help improve cash flow and customer satisfaction.
Example: A customer places an order online, the order is pro...
Interview Preparation Tips
I applied via Naukri.com
(2 Questions)
- Q1. Self Intrudutions
- Q2. Accounts related questions
(2 Questions)
- Q1. P2p cycle credit not debite note
- Q2. Bank reconciliation statement
(2 Questions)
- Q1. Own topic explain
- Q2. About bangalore
(1 Question)
- Q1. Difference Between PO and Non PO
- Ans.
PO is a purchase order issued by a buyer to a seller, specifying the products or services to be purchased. Non-PO is an invoice without a purchase order.
PO is a formal document that authorizes a purchase transaction, while Non-PO is an invoice submitted by a vendor for payment without a purchase order.
POs are typically used for larger purchases or ongoing agreements, while Non-PO invoices are used for one-time purchase...
Accounts Payable Associate Interview Questions & Answers
Accenture
Elcita Crasta
posted on 4 Nov 2024
(3 Questions)
- Q1. Golden rules of accounting
- Ans.
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...
- Q2. Types of accounting
- Ans.
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
- Q3. What is depreciation
- Ans.
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
(2 Questions)
- Q1. Everything related to accounts payble
- Q2. Steps in procure to pay
- Ans.
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
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Accounting and Grammar
(2 Questions)
- Q1. Accounts Payable Cycle
- Q2. Journal Entries
(1 Question)
- Q1. Took by Manager
Interview Preparation Tips
- Financial Accounting
(2 Questions)
- Q1. TDS sections and percentage
- Q2. SAP Tcodes.
Selected
I was interviewed in Jan 2024.
Accounts Payable Executive
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Easy to clear all the best for your u doing well I am in the same situation for you and your family members of the following is not a feature of the following is not
(1 Question)
- Q1. Checks your English and kind of person you are.
(1 Question)
- Q1. Some Basic Accounting Questions.
It's about some of English and General Aptitude test
Interview Preparation Tips
I applied via Walk-in and was interviewed in Feb 2024. There were 2 interview rounds.
(1 Question)
- Q1. Role and responsibilities
(1 Question)
- Q1. Role and responsibilities
Interview Preparation Tips
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