Accenture Transaction Processing Associate Interview Questions and Answers

The difficulty level of the test is relatively easy.

Q1. Was the one-on-one interview primarily conducted by your immediate manager, and were the questions mostly aligned with the job description provided by HR?
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Q2. Basis genral entry.. ex purchase, sales, sales return, discount
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Q3. Procure to Pay cycles
Ans. 
Procure to Pay cycles involve the process of purchasing goods or services and paying for them.
• Procurement: Identifying needs, selecting suppliers, negotiating contracts

• Receiving: Receiving goods or services, verifying quality and quantity

• Invoicing: Receiving and processing invoices for payment

• Payment: Making payments to suppliers

• Reconciliation: Matching invoices with purchase orders and receipts
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Q1. Explain the process for OTC
Ans. 
OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.
• OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.

• OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.

• Common examples of OTC instruments include stocks...read more
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Q2. Explain the process for P2P
Ans. 
P2P (Procure-to-Pay) is the process of obtaining and paying for goods and services from suppliers.
• The process starts with identifying the need for a product or service.

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

• Upon receiving the goods or services, an invoice is generated by the supplier.

• The invoice is matched with the purchase order and goods receipt.

• Finally, payment is made to the supplier.

• Example: Co...read more
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Q1. Self introduction
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Q2. Manage round and HR interview Subjective questions and previous project experience
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Q3. Personal Details and salary Discussion
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Q1. Goals for next 5 years
Ans. 
In the next 5 years, I aim to enhance my skills, contribute to team success, and advance in my career within transaction processing.
• Develop expertise in transaction processing systems by completing relevant certifications, such as Certified Payments Professional (CPP).

• Aim for a leadership role by taking on more responsibilities and mentoring new associates to foster a collaborative team environment.

• Stay updated with in...read more
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Q2. Why join accenture
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Joining Accenture offers a dynamic environment, diverse opportunities, and a commitment to innovation and professional growth.
• Accenture is a global leader in consulting and technology services, providing exposure to cutting-edge projects.

• The company emphasizes continuous learning and development, offering various training programs and certifications.

• Accenture's diverse workforce fosters an inclusive culture, allowing e...read more
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