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I applied via Referral and was interviewed in Apr 2022. There was 1 interview round.
A purchase order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
It is a legal document that outlines the details of a purchase agreement between a buyer and a seller.
It includes information such as the product or service being purchased, the quantity, the agreed-upon price, and delivery date.
It serves as a contract between the buyer and seller, ensu...
A purchase requisition is a document used to request goods or services from a supplier.
It is a formal request for procurement of goods or services.
It includes details such as quantity, description, and estimated cost.
It is typically initiated by a department or individual within an organization.
It is used to obtain approval for the purchase before it is made.
It is an important part of the procurement process.
Example: A...
To validate a PO, check for accuracy, completeness, and compliance with procurement policies.
Verify that the PO number matches the one in the system
Ensure that the vendor information is correct
Check that the items ordered match the specifications and quantities requested
Confirm that the prices are accurate and in line with the budget
Ensure that the PO is authorized and approved by the appropriate personnel
Check that th...
The 5 key fields in PR are supplier management, contract management, sourcing, negotiation, and spend analysis.
Supplier management involves identifying and managing suppliers to ensure timely delivery of goods and services.
Contract management involves creating and managing contracts with suppliers to ensure compliance and minimize risk.
Sourcing involves identifying potential suppliers and evaluating their capabilities ...
PR is created by the PR department or agency, in collaboration with the relevant stakeholders.
PR department or agency is responsible for creating PR
Collaboration with relevant stakeholders is necessary
PR creation involves identifying target audience, crafting key messages, and selecting appropriate channels
PR can be created for various purposes such as brand awareness, crisis management, product launches, etc.
P2P cycle refers to the procurement process from purchase to payment.
The cycle starts with identifying the need for a product or service.
A purchase order is then created and sent to the supplier.
The supplier delivers the product or service and sends an invoice.
The invoice is matched with the purchase order and goods receipt.
If everything matches, the invoice is approved for payment.
Payment is then made to the supplier.
...
I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.
What people are saying about IBM
I applied via Naukri.com and was interviewed before Apr 2022. There were 2 interview rounds.
IBM interview questions for popular designations
I applied via Approached by Company and was interviewed before Apr 2023. There were 3 interview rounds.
Get interview-ready with Top IBM Interview Questions
I applied via Walk-in and was interviewed in Mar 2022. There were 4 interview rounds.
B.Manisha currently working in therumala traders HYD location in WFM
Ledger posting involves recording financial transactions in the appropriate accounts.
Identify the accounts affected by the transaction
Determine the type of account (asset, liability, equity, revenue, expense)
Debit or credit the appropriate account based on the transaction type
Record the transaction in the general ledger
Ensure accuracy and completeness of the posting
To prepare EMI and balance sheet end of the month or year reporting, follow these steps:
Ensure all transactions are recorded accurately and completely
Reconcile bank statements and other accounts
Prepare adjusting entries for accruals and deferrals
Organize accounts into appropriate categories for the balance sheet
Calculate EMI based on loan amount, interest rate, and term
Verify accuracy of all calculations
Prepare financi...
Profit or loss is created by comparing revenue and expenses.
Profit is created when revenue exceeds expenses.
Loss is created when expenses exceed revenue.
Net income is calculated by subtracting expenses from revenue.
Profit and loss statement shows the financial performance of a company.
Profitability ratios like gross profit margin and net profit margin are used to analyze profit or loss.
Accrual accounting recognizes rev...
Yourself details and self motivation
I applied via Referral and was interviewed before Mar 2023. There were 3 interview rounds.
Questions on internet connectivity
On leaves casual and holidays
To address customer non-technical issues in browsing software and technical files, provide user-friendly interfaces, clear instructions, and accessible support.
Create user-friendly interfaces with intuitive navigation
Provide clear instructions on how to browse and access software and technical files
Offer accessible support options such as live chat, FAQs, and tutorials
Ensure compatibility with various devices and brows
I applied via Company Website and was interviewed in Apr 2022. There were 2 interview rounds.
I applied via Recruitment Consulltant and was interviewed in Apr 2022. There were 2 interview rounds.
Finance and accounts are related but distinct fields. Ledger creation is the process of recording financial transactions. Cash flow and fund flow are tools used to analyze the movement of money in a business. GST is a tax system in India.
Finance deals with the management of money and investments, while accounts focus on recording and analyzing financial transactions.
Ledger creation involves setting up accounts to recor...
GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.
GST is a single tax that replaced multiple indirect taxes in India.
It is a destination-based tax, meaning it is levied at the point of consumption.
GST has different tax rates for different goods and services, such as 5%, 12%, 18%, and 28%.
It aims to simplify the tax structure, eliminate cascading effect,...
Ledger creation is the process of recording financial transactions in a company's accounting system.
Ledger creation involves setting up accounts to track different types of transactions.
It includes recording details such as date, description, debit, and credit amounts.
Ledgers provide a complete record of a company's financial activities and are used for financial reporting and analysis.
Examples of ledgers include the g...
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