Rieter Management Trainee Interview Questions and Answers

Q1. Explain p2p process
Ans. 
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
• Requisition: Requesting the purchase of goods or services

• Purchase Order: Formal document outlining the details of the purchase

• Receipt of Goods/Services: Confirming delivery and quality

• Invoice Processing: Verifying the invoice against the purchase order and receipt

• Payment: Issuing payment to the vend
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Q2. Sap related questions
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Q1. About myself and accounting entries and compliance
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Q1. About balance sheet and goals
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Q1. Questions on clm and payroll audit Plant and machinery audit
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Q2. Audit on inventory control Audit on finance accounting
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Q1. Why would you go for audit profir
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Q1. Experience in Audit field
Ans. 
I have 5 years of experience in the audit field, conducting financial audits for various clients.
• Performed financial audits for clients in different industries

• Analyzed financial statements and identified discrepancies

• Prepared audit reports and communicated findings to clients

• Collaborated with team members to ensure audit deadlines were met
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Q2. Why did you choose ca
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Q1. Difference between trade discount and cash discounts.
Ans. 
Trade discount is given by the seller to the buyer at the time of purchase, while cash discount is given for prompt payment.
• Trade discount is a reduction in the list price of the goods offered by the seller to the buyer.

• Cash discount is a discount offered by the seller to the buyer for making prompt payment.

• Trade discount is given at the time of purchase, while cash discount is given after the purchase is made.

• Trade di...read more
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Q2. Tax questions on tp audit .
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Q1. About Work experience, CV based
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Q2. What is your current role in organization. On which version of CRM are you working. 5 changes on which you worked
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A case study was given and how through digital transformation the issue for the organization can be resolved