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I applied via LinkedIn and was interviewed in May 2021. There was 1 interview round.
RFQ is created in SAP by following a specific process.
RFQ is created in SAP using the ME41 transaction code.
The RFQ document contains information such as the material or service required, quantity, delivery date, and vendor information.
The RFQ can be sent to multiple vendors for bidding.
Once the bids are received, they can be compared and evaluated in SAP using the ME49 transaction code.
The vendor with the best bid can...
To manage the budget of items to be procured, I would follow these pointers:
Create a list of necessary items and their estimated costs
Prioritize the items based on their importance and urgency
Research and compare prices from different vendors
Negotiate with vendors for better prices or discounts
Track the expenses and adjust the budget accordingly
P2P process involves procurement of goods and services, receipt of invoices, and payment to vendors.
Procurement of goods and services from vendors
Receipt of invoices from vendors
Verification of invoices against purchase orders and goods receipts
Approval of invoices for payment
Payment to vendors
Recording of transactions in accounting system
I applied via Referral and was interviewed in Apr 2024. There was 1 interview round.
What people are saying about TCS
TCS interview questions for designations
The process of accounting involves recording, summarizing, analyzing, and reporting financial transactions of a business.
Recording financial transactions accurately and timely
Summarizing the recorded transactions into financial statements
Analyzing the financial data to provide insights and make informed decisions
Reporting the financial information to stakeholders such as investors, creditors, and management
Ensuring com...
Get interview-ready with Top TCS Interview Questions
Yes, we can inform monthly service fee through statement to customer.
Yes, monthly service fee can be included in the statement sent to the customer for transparency.
This helps the customer keep track of their expenses and understand the charges incurred.
Including the service fee in the statement can also serve as a reminder for payment.
Examples: Telecom companies often include monthly service fees in their billing stat...
I applied via Naukri.com and was interviewed before Dec 2023. There was 1 interview round.
I was interviewed before Aug 2023.
I applied via Job Portal and was interviewed in Jun 2023. There were 5 interview rounds.
General topics, Logic-reasoning
I applied via Job Portal and was interviewed in Jun 2023. There were 5 interview rounds.
General topics, Logic-reasoning
Accrual is the process of recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.
Accrual accounting matches revenues to the time period in which they are earned and expenses to the time period in which they are incurred.
It provides a more accurate picture of a company's financial position compared to cash accounting.
Examples of accruals include accounts receivable, accounts payab...
Expense occurred without documentation
Inform the supervisor or finance department immediately
Try to gather any available evidence or receipts
Document the details of the expense and the circumstances surrounding it
Follow company procedures for reporting and resolving such issues
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