McKinsey & Company Accounts Payable Specialist Interview Questions and Answers

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Q1. Previous experience
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Q2. What is first pass yeild
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First pass yield is the percentage of units that pass through a process correctly the first time without rework.
• First pass yield is calculated by dividing the number of units that pass inspection on the first attempt by the total number of units produced.

• It is a measure of process efficiency and quality.

• A high first pass yield indicates a well-functioning process with minimal defects and rework.

• Example: If a manufactur...read more
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Q1. Tell me about yourself
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Q1. What do you understand by AP
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Q2. Journal entries of depreciation
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Depreciation journal entries are used to record the decrease in value of an asset over time.
• Depreciation expense is debited to decrease the asset's value.

• Accumulated depreciation is credited to show the total depreciation over time.

• Depreciation expense is usually recorded monthly or annually.

• Depreciation journal entries follow the basic accounting equation: Assets = Liabilities + Equity.
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Q1. Is it ok for you to relocate
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Q2. What is your Salary expectation
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Q1. 1. P2P cycle, basic accounts knowledge, P2P cycle Journal, 2, Power Point presentation Knowledge and Excel knowledge.
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Q2. TDS question. Bank reconciliation questions
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Q1. Accounts whole process..... Cash application....grn....payment process
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Q2. Invoice processing procedure and check list
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