Infosys BPM Account Assistant Interview Questions, Process, and Tips

Complete aptitude questions moderate format only

Q1. Explain P2P cycle in brief
Ans. 
P2P cycle is the process of purchasing goods or services from a supplier and paying for them.
• The cycle starts with identifying the need for goods or services.

• A purchase order is then created and sent to the supplier.

• The supplier delivers the goods or services and sends an invoice.

• The invoice is matched with the purchase order and goods receipt.

• Payment is then made to the supplier.

• The cycle ends with recording the trans
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Q2. 3 way match is compulsory
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Q3. Vendor Reconciliation of account
Ans. 
Vendor reconciliation is the process of comparing a company's records with those of its vendors to ensure accuracy and resolve discrepancies.
• Vendor reconciliation involves comparing invoices, payments, and other financial records with those of the vendor.

• It helps to identify any discrepancies or errors in the records and resolve them in a timely manner.

• The process helps to maintain good relationships with vendors and e...read more
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Q4. How do you validate an invoice
Ans. 
To validate an invoice, check for accuracy and completeness of information.
• Verify the vendor's name and address

• Check the invoice date and number

• Ensure the goods or services were received

• Confirm the prices and quantities match the purchase order

• Check for any discounts or credits

• Ensure the invoice is authorized for payment

• Compare the invoice to the general ledger

• Check for any tax or shipping charges

• Ensure the invoice is ...read more
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Q5. How many types of invoices to process
Ans. 
There are several types of invoices to process depending on the nature of the transaction.
• There are sales invoices for goods or services sold to customers.

• There are purchase invoices for goods or services purchased from suppliers.

• There are credit notes for returns or discounts.

• There are proforma invoices for advance payments or pre-orders.

• There are recurring invoices for regular payments.

• There are self-billing invoices...read more
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Q6. How Do you identify an credit note
Ans. 
A credit note can be identified by its unique number, date, and the reason for the credit.
• Look for a unique number assigned to the credit note

• Check the date on the credit note to ensure it matches the transaction date

• Verify the reason for the credit note, which should be stated clearly

• Compare the credit note to the original invoice to ensure accuracy
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Q1. Prosess related
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Q2. Day today working
Ans. 
My day-to-day working as an Assistant Accountant involves managing financial transactions, preparing reports, and assisting with budgeting.
• Processing invoices and payments

• Reconciling bank statements

• Assisting with budget preparation

• Preparing financial reports

• Communicating with vendors and clients

• Assisting with audits
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Q3. Current location
Ans. 
I am currently located in New York City.
• Living in a vibrant urban environment

• Close proximity to public transportation

• Access to diverse cultural experiences
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Q4. Experience of accounts
Ans. 
I have 3 years of experience in accounts payable and receivable, bank reconciliations, and financial reporting.
• Managed accounts payable process, including vendor payments and reconciliations

• Handled accounts receivable, invoicing, and collections

• Prepared monthly financial reports and assisted with budgeting

• Experience with QuickBooks and Excel for financial analysis

• Assisted in year-end audit preparations
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Q5. I have negotiable salary
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Accounting questions

Q1. Basic accounting questions and experience
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Q2. Scenario based question
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Q3. More about technical question
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Q4. Communication and attitude
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Q1. Basic question about yourself
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Q1. About SAP experience and your previous work experience
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Accounting based qns in MCQ we need to score more than 80%

Q1. Accounting journal entries and knowledge test
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