Metayb Financial Analyst Interview Questions and Answers

P2P process stands for procure-to-pay process, which involves the steps from requisitioning goods/services to making payment.

• P2P process starts with a requisition for goods/services needed by a company.

• Once approved, a purchase order is created and sent to the supplier.

• Goods/services are received and inspected by the company.

• An invoice is generated by the supplier and sent to the company.

• The company verifies the invoic...read more

Ind AS 116 specifies the principles for recognizing revenue from contracts with customers.

• Ind AS 116 replaces the existing revenue recognition standard Ind AS 18.

• Under Ind AS 116, revenue is recognized when control of goods or services is transferred to the customer.

• The standard requires companies to identify performance obligations in a contract and allocate the transaction price to each obligation.

• Revenue is recogniz...read more