IBM Accounts Payable Associate Interview Questions and Answers

There are 5 subjects in the assessment and as far as my knowledge you get 2 or 3 attempts to clear those. You need to get 80 percent in all subject in order to qualify for round 2.

Q1. Screening round about Total experience, Current and Expected CC and Notice period.
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Q1. Self introduction
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Q2. What are the major challenges that you faced in posting invoices
Ans. 
Some major challenges in posting invoices include missing or incorrect information, duplicate invoices, and delays in approvals.
• Missing or incorrect information on invoices can lead to delays in processing.

• Identifying and handling duplicate invoices can be time-consuming and require additional verification.

• Delays in approvals from various departments or stakeholders can hold up the invoice posting process.
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Q3. About your previous companies experience
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Q1. Payslips Offer letter
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Q1. Urn nonominal account
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Q1. Process of procurement
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Procurement process involves identifying needs, selecting suppliers, negotiating contracts, and purchasing goods/services.
• Identify the need for goods/services

• Select potential suppliers

• Negotiate contracts and terms

• Purchase goods/services

• Receive and inspect goods/services

• Process invoices and payments

• Maintain records and monitor supplier performance
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Q2. What is mean by bad debit
Ans. 
Bad debt refers to an amount owed by a debtor that is unlikely to be paid and is written off as a loss by the creditor.
• Bad debt is a financial loss for the creditor

• It occurs when a debtor fails to pay back the amount owed

• It is written off as an expense in the creditor's financial statements

• Examples include unpaid credit card bills, defaulted loans, and bounced checks
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Q1. Why you selected this Genpact
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I selected Genpact because of its strong reputation in the industry and its focus on career growth and development.
• Genpact has a strong reputation in the industry for its expertise in finance and accounting services.

• The company offers excellent career growth opportunities and invests in the development of its employees.

• Genpact has a global presence and works with top-tier clients, providing exposure to diverse industri...read more
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Q2. If you got better opportunity after offering this job what will you do
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If I got a better opportunity after accepting this job, I would evaluate the new opportunity and make a decision based on my career goals and personal circumstances.
• I would consider the nature of the better opportunity, such as the job role, responsibilities, and growth potential.

• I would assess the compensation and benefits offered in the new opportunity compared to my current job.

• I would evaluate the company culture a...read more
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Q1. What is AP in sap explain
Ans. 
AP in SAP stands for Accounts Payable, which is a module in the SAP software that manages and tracks all financial transactions related to vendor invoices and payments.
• AP in SAP is responsible for recording and processing vendor invoices

• It manages the payment process and tracks outstanding payments

• AP in SAP integrates with other modules like General Ledger and Purchasing

• It helps in maintaining accurate financial record...read more
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Q2. What is ERP in sap ?
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ERP stands for Enterprise Resource Planning. It is a software system used to manage business processes and data.
• SAP is an example of an ERP system.

• ERP systems integrate various business functions such as finance, HR, and supply chain management.

• ERP systems provide real-time data and analytics to help businesses make informed decisions.

• SAP ERP includes modules such as Financial Accounting, Sales and Distribution, and Ma
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Cognizant question so hard and easy