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HGS Accounts Payable Process Associate Interview Questions and Answers
HGS Accounts Payable Process Associate Interview Experiences
1 interview found
Selected
I applied via Referral and was interviewed before Jul 2022. There were 4 interview rounds.
(1 Question)
- Q1. Self introduction skill's
General knowledge test and process test
(4 Questions)
- Q1. Interview with manager
- Q2. Self introduction skill on ms kit
- Q3. Why you need to join on this process
- Q4. Were you will with in 5 years on this organization
Interview questions from similar companies
(2 Questions)
- Q1. Tell About yourself
- 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
(2 Questions)
- Q1. Technical questions on accounts
- Q2. Why do you want this job
Typing test with pass mark of 90%
Interview Preparation Tips
Accounts Payable Specialist Interview Questions & Answers
Foundever
Kundan Jha
posted on 21 Jan 2025
(1 Question)
- Q1. Tell me about yourself?
Accounts Payable Executive Interview Questions & Answers
Infosys BPM
Anonymous
posted on 15 May 2023
Selected
I applied via Campus Placement and was interviewed in Apr 2023. There were 4 interview rounds.
English grammar math eassy writing on any topic
(1 Question)
- Q1. Introducing in English of our self
(1 Question)
- Q1. Process manager interviews general basic questions
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Feb 2023. There were 2 interview rounds.
(1 Question)
- Q1. HR ask regarding your background and educational details.
(1 Question)
- Q1. Basic question regarding account like golden rule.
Interview Preparation Tips
Senior Accounts Payable Executive Interview Questions & Answers
Teleperformance
Anonymous
posted on 17 Aug 2021
I applied via Recruitment Consultant and was interviewed in Feb 2021. There were 4 interview rounds.
Interview Questionnaire
6 Questions
- Q1. What is P2P Cycle?
- Ans.
P2P Cycle refers to the Procure-to-Pay Cycle, which is the process of purchasing goods or services and paying for them.
The cycle starts with identifying the need for a product or service.
Next, a purchase order is created and sent to the supplier.
The supplier then delivers the product or service and sends an invoice.
The invoice is matched with the purchase order and goods receipt.
Finally, payment is made to the supplier...
- Q2. How many types of invoices are there?
- Ans.
There are several types of invoices including standard, commercial, proforma, credit, and debit invoices.
Standard invoice: issued after goods or services are delivered
Commercial invoice: used for international trade and includes details like the country of origin and harmonized system codes
Proforma invoice: issued before goods or services are delivered and includes estimated costs
Credit invoice: issued when a refund or...
- Q3. Is AP a balance sheet item Or P/L?
- Ans.
AP is a P/L item as it represents expenses incurred by the company.
Accounts Payable (AP) is a liability account that represents the amount owed by a company to its suppliers or vendors for goods or services received.
As AP represents expenses incurred by the company, it is considered a P/L (Profit and Loss) item.
AP is recorded on the balance sheet as a current liability until it is paid off.
Once the payment is made, the...
- Q4. What is amortization?
- Ans.
Amortization is the process of spreading out the cost of an asset over its useful life.
It is a method of accounting used to reduce the value of an asset over time
It is commonly used for intangible assets such as patents and trademarks
It is also used for loans and mortgages to calculate periodic payments
The formula for amortization involves the initial cost, interest rate, and time period
Example: A company purchases a p...
- Q5. Explain accounting principals.
- Ans.
Accounting principles are the guidelines and rules that govern the field of accounting.
Accounting principles ensure consistency and accuracy in financial reporting.
They include concepts such as the matching principle, revenue recognition, and the time period principle.
These principles are used to create financial statements that accurately reflect a company's financial position.
They also help ensure that financial stat...
- Q6. Define Accrual Concept.
- Ans.
Accrual concept refers to the recognition of revenue and expenses in the accounting period in which they are earned or incurred, regardless of when payment is received or made.
Accrual accounting is the opposite of cash accounting.
It is used to match revenue and expenses to the correct accounting period.
Accrued expenses and accrued revenues are examples of accruals.
Accruals are recorded as adjusting entries in the accou...
Interview Preparation Tips
(4 Questions)
- 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
- Q2. Account payable journal entry
- Q3. Tell about the financial statements
- Ans.
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...
- Q4. Vlookup and tell about the lookup function in excel
- Ans.
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...
Interview Preparation Tips
Research the company
Accounts Payable Executive Interview Questions & Answers
Infosys BPM
Sudhesh Kumar Jha
posted on 30 Jan 2023
Selected
I applied via Walk-in and was interviewed before Jan 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Basic accounting questions
- Q2. What is Debit Note, Credit Note, 2 way and 3 way match
- Ans.
Debit Note and Credit Note are used in accounting to adjust invoices. 2 way and 3 way match are methods of verifying invoices.
Debit Note is issued by the buyer to the seller when goods are returned or when there is an overcharge in the invoice.
Credit Note is issued by the seller to the buyer when there is a reduction in the invoice amount due to returns or overcharges.
2 way match is a comparison of the invoice to the p...
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Aug 2022. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Q2. Give a brief about yourself
Interview Preparation Tips
- general
It has a big place where you can learn many other things while being in same platform.
Learn, work and grow for More than 4 to 8 years. You may get chance to go out of country through various projects depend upon your performance.
I really miss this company and wish to work here again if I get a golden luck.
All the best to all candidates
I applied via Walk-in and was interviewed before Nov 2021. There was 1 interview round.
(2 Questions)
- 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...
- Q2. Journal entries related to basic account
Interview Preparation Tips
Account Related questions Journal entries
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HGS Accounts Payable Process Associate Interview Process
based on 1 interview
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