Johnson Controls Procurement Operations Associate Interview Questions and Answers

Aptitude test logical reasoning

Q1. Golden rules of accounts and P2P cycle
Ans. 
The golden rules of accounts and the P2P cycle are essential principles for effective financial management and procurement operations.
• The golden rules of accounts refer to the fundamental principles of accounting that ensure accuracy and reliability of financial information.

• The P2P (Procure-to-Pay) cycle is the process of acquiring goods or services, from the initial procurement request to the final payment.

• Some golden...read more
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Q2. Journal entry in PTP cycle
Ans. 
A journal entry in the PTP (Procure-to-Pay) cycle is a record of financial transactions related to procurement operations.
• Journal entries are used to record the purchase of goods or services, as well as any associated expenses or liabilities.

• They provide a detailed account of the financial impact of procurement activities.

• Examples of journal entries in the PTP cycle include recording the receipt of goods, recording the...read more
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Q1. Salary discussion
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