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Procure to Pay cycle is the process of obtaining goods or services from a vendor, including requisition, purchase order, receiving, invoice approval, and payment.
The cycle starts with a requisition for goods or services needed by a department.
A purchase order is then created and sent to the vendor for the requested items.
Upon receiving the items, the receiving department confirms the delivery and checks for accuracy.
An...
Procure to Pay cycle involves the process of obtaining goods or services from a vendor and making payment for them.
Procurement: Identifying needs, selecting vendors, negotiating contracts
Purchase Order: Issuing PO to vendor for goods/services
Receipt of Goods/Services: Receiving and inspecting goods/services
Invoice Processing: Matching invoice with PO and receipt, approving for payment
Payment: Making payment to vendor
3,4,2 way matching is a process used in accounting to ensure accuracy in financial transactions.
3 way matching involves comparing the purchase order, invoice, and receiving report to ensure all details match
4 way matching adds a step of comparing the vendor's statement to reconcile any discrepancies
2 way matching involves comparing the purchase order and invoice only
I applied via Recruitment Consulltant and was interviewed in Oct 2024. There were 6 interview rounds.
Market Report on any topic, which includes Market Sizing, SWOT, other analysis
Quantitative, reasoning, english and behavioral questions
I appeared for an interview in Mar 2025, where I was asked the following questions.
I appeared for an interview in Jan 2025.
Technical test English maths and reasoning
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I applied via Walk-in and was interviewed in Oct 2024. There were 2 interview rounds.
They asked only basic Accounting related que & ans.
The P to P cycle refers to the Procure to Pay cycle, which is the process of obtaining and paying for goods and services.
The cycle starts with the need for a product or service, followed by the selection of a supplier.
Next, a purchase order is created and sent to the supplier.
Upon receiving the goods or services, an invoice is generated and sent to the buyer for payment.
Finally, the buyer processes the payment to the s...
Invoice matching process involves comparing purchase orders, invoices, and receiving reports to ensure accuracy.
1. Match the invoice to the purchase order to ensure the correct items and quantities were billed.
2. Match the invoice to the receiving report to confirm that the goods were received as stated on the invoice.
3. Resolve any discrepancies between the three documents to ensure accurate payment.
Example: If a comp...
I applied via Recruitment Consulltant and was interviewed in Jul 2024. There was 1 interview round.
I appeared for an interview in Mar 2025, where I was asked the following questions.
MSME provisions support small businesses through financial aid, subsidies, and regulatory benefits to foster growth and sustainability.
Financial assistance: MSMEs can access loans with lower interest rates, such as the MUDRA scheme in India.
Subsidies: Government provides subsidies for technology upgrades and marketing support to enhance competitiveness.
Regulatory benefits: MSMEs enjoy simplified compliance norms, reduc...
I appeared for an interview in Feb 2025, where I was asked the following questions.
I have extensive experience in primary research, utilizing various methodologies to gather firsthand data for informed decision-making.
Conducted surveys to gather consumer preferences for a new product launch, resulting in a 20% increase in targeted marketing effectiveness.
Facilitated focus groups to explore customer perceptions of brand messaging, leading to a refined communication strategy.
Implemented in-depth interv...
To gather information without secondary data, primary research methods like surveys, interviews, and observations can be employed.
Conduct surveys: Use online tools like Google Forms to collect responses from target audiences.
Perform interviews: Engage with industry experts or potential customers to gain insights.
Utilize focus groups: Organize discussions with a small group of participants to explore their opinions and ...
I appeared for an interview in Feb 2025, where I was asked the following questions.
I admire your innovative approach to marketing and your commitment to impactful communication strategies.
Your company's reputation for creativity aligns with my passion for innovative marketing solutions.
I am impressed by your recent campaign that effectively engaged the target audience, showcasing your strategic thinking.
I value your commitment to sustainability and social responsibility, which resonates with my perso...
I applied via Naukri.com and was interviewed in Feb 2024. There were 3 interview rounds.
Accounting & Cognitive
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Gurgaon / Gurugram,
Mumbai
1-2 Yrs
Not Disclosed
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