Top25Account

sPay
abl
eInt
erv
iewQuest
ions&Answer
s

AccountPay
abl
eInt
erv
iewQuest
ions&Answer
s

Whatdoy
oumeanbyAccountPay
abl
e?

Accountspayablei
snil
butmoneywhi chacompanyneedstogiv
et ovendor
sforgoodsand
ser
vicespurchasedoncredi
t.Account
spay
ablei
sanexist
ingl
iabil
i
tyofacompany .

Tel
lmet
hest
epsy
ouwi
l
ltakebef
oreappr
ovi
ngani
nvoi
cef
orpay
ment
?

Someoft
hef
oll
owi
ngst
epsar
e:

Val
i
dat
ethest
atementoncei
tiscoor
dinat
edf
orchecki
nganyhol
ds.

Ift
heworkfl
owisimplement
ed,
begi
nappr
oval
fort
hei
nvoi
ce.Oncet
hei
nvoi
cei
sappr
oved,
you
cangoforpayments.

Cr
eat
eaccount
ingaf
tert
heendor
sementoft
hei
nvoi
ce.

Whati
sWCC?

WCCr
efer
stoWi
nterCompensat
ionf
rom Cont
ri
but
ions.

Def
ineI
nter
companySet
tl
ement
?

Akeyusef ular
eaofSAPforUti
li
ti
esthatropescross-companyswi t
chofsett
lementdatabased
onglobalstandar
dssuchasEDI,XML,andMi crosoftExcel
.Int
ercompanydataexchange
managesdat atomovebetweendist
ri
butors,r
etail
ers,andautonomousservi
ceoperator
swith
par
ti
cularregardtot
herequi
rementsi
nder egul
atedmar ket
s.

Whatdoy
oumeanbyLi
abi
l
iti
es?

Li
abi
li
ti
esarewhatallyouareobl
igedf
rom t
hebankonnot
espay
abl
eori
nanot
herl
anguagei
t
i
s:Li
abil
i
ty=Asset
-Ownersequi
ty.
Tel
lthest
epst
odef
ineaSuppl
i
er?

Thest
epsar
e:

Heshoul
dcr
eat
esel
f-
conf
idencei
nthecl
i
entmi
nd

Ser
vicest
obecompl
eted

Ser
vicest
obedoneaccor
dingt
other
equi
rementoft
hecl
i
ent
.

Heshoul
dbel
ocat
edanot
heror
derbydoi
ngt
heov
ert
hreest
eps.

Whatdoy
oumeanbyPar
kedRepor
t?

Youcanuset
extpar
kingt
oenterandst
oreunf
ini
sheddocument
sint
heSAPSy
stem wi
thout
movi
ngoutext
ensi
veentr
ychecks.

Namet
het
ypeofAsset
s?

Ther
ear
etwoki
ndsofasset
stheyar
ecur
rentasset
s&f
ixedasset
s.

Whati
sIFA?

I
FAr
efer
stot
heI
nst
it
uteofFi
nance&Account
s.

Whati
sFBT?

Thet
axispayableonanon-
salar
yadvant
agepr
ovidedt
oanempl
oyeeoracor
rel
ateofthe
empl
oyee.Theemploy
erisaccount
abl
etopayanyFBTandmaychooset
ogetbet
tert
heFBT
amountf
rom theempl
oyee.

St
atet
hedi
ff
erencebet
weenEFT&Wi
re?

ThePaymentprocessesElectr
onicandWirearemodesofEl
ect
roni
cFundTransf
ers.These
modesmaydiff
erint hef
ormat sanddocumentsoccupi
edatt
hesit
elev
el.WIREi
sacl assof
out
datedpr
ocessusedbyr emotesit
esforpay
mentsinORACLE.
Whati
sOpenI
tem ManagedAccount
?

Openi
tem managementmakessur
ethatal
li
temst
hathavenotyetbeenv
acantar
eobtai
nabl
e
i
nthesyst
em.Onlyaf
terev
eryopenit
em i
nadocumenti
scleancanadocumentbear
chived.

Def
ineGRN?

GRNmeansgoodsr
eceiptnot
es;
iti
susual
l
yusedi
nindust
ri
ali
zedi
ndust
ri
esf
ori
nspect
ionof
pur
chaseofr
awmater
ials.

Howdoest
hepay
mentmechani
sm wor
k?

Theopenmat t
erofanaccountcanonlybeemptyoncey oupostanequalof
fsett
ingquanti
tyto
theaccount.Duri
ngcleari
ng,
theschemeenter
sapay mentdocumentnumberandt hecl
eari
ng
datei
nt heseit
ems.Inthisway,i
nvoi
cesinasel
leraccountar
eindi
catedassalar
ied,andit
ems
i
nabankcl ear
ingaccountar
eindi
catedascl
eared.

St
atet
hedi
ff
erencebet
weenSAPmemor
yandAbapMemor
y?

SAPMemory:
Global
,user
-r
elat
edr
ecoll
ecti
onthatext
endsbey
ondbusi
nessl
i
mit
s.Accesst
o
theSAPmemoryi
sviaSPA/GPAparameter
s.

ABAPMemory
:Memoryar
eawi
thi
neachmaj
orsessi
on,whi
chcanbeaccessedbyprogr
ams
usi
ngt
heEXPORTandI
MPORTstat
ement
sandwhichrui
nsavai
l
abl
eusingaseriesofpr
ogr
am
cal
l
s.

Whatar
ethest
epsr
equi
redbef
oremaki
ngapay
ment
?

Weshoul
dconf
ir
mthatanyadv
anceshav
ebeenmade.

Seet
hatal
ltheser
vicesdel
i
ver
edaccor
dingt
othebi
l
l.

Anyquer
yist
her
etoconcent
rat
eont
hatev
ent
ual
l
ycanbemadepay
ment
.

Whatdoy
oumeanbyAccount
?

Theaccounti
s'theartofclassi
fyi
ng,
anal
yzi
ng,
videor
ecor
dingandsummar
izi
ngf
inanci
al
i
nfor
mat i
ontotheorganizati
on.
St
atet
hedi
ff
erencebet
weenConsi
gnorandConsi
gnee?

Theconsignori
sani
ndi
vi
dual
whoi
sthepr
opr
iet
oroft
hegoodsandwhobr
ingt
hepr
oduct
sto
theconsi
gnee.

Consi
gneeisani
ndi
vi
dual
whot
akest
hegoods,
andhepossessest
hegoodsandnott
he
pr
opri
etor
.

Whatar
edebi
tandcr
edi
t?

Cr
edi
twhatcomesi
n.AndDebi
twhatgoesout
.

Tel
lmet
hef
ull
for
m ofSoxi
nAccount
s?

Soxr
efert
oSar
banesOxl
eyAct
.

Tel
lmet
hesampl
epr
ocessf
lowf
orpr
ocur
etopaycy
cle?

St
ep1:
Del
i
ver
yofI
nvoi
ceandgoods

St
ep2:
QCagr
eement

St
ep3:
Aut
hent
icat
ionwi
thPOt
erms

St
ep4:
for
mat
ionofl
i
abi
l
ity

St
ep5:
pay
mentaf
tert
heduedat
e.

Whati
nfor
mat
iondoy
our
equi
rebef
orey
oucanappr
oveani
nvoi
cef
orpay
ment
?

Hav
ethegoodsbeenacknowl
edgedi
ngoodor
der
?

I
stheamountcor
rect
?

Wer
eyouexpect
inganyr
educt
ion?

I
sthedel
i
ver
yaccusedcor
rect
ly?

Whatar
ethedocument
srequi
redt
over
if
yanI
nvoi
ce?
Veri
fyi
nginvoicesisasigni
fi
cantpar
tofmakingsurethecompanyi sonlypayi
ngaccur at
ebil
ls.
Toconfir
m ani nvoi
ce,Iwoulduseaobtai
nor
der,receiv
ingreportandvendori
nvoice.Iwoul
d
theneval
uatet hoset
hreedocumentstomakesuret heenti
recontest
.Ift
hethreedocuments
havesimil
arinformati
on,i
tisagoodsuggest
ionthatthebil
lissuit
ableandshouldbepaid.

Whatwi
l
lbey
ourappr
oacht
oadv
ancey
ouraccount
ingcar
eer
?

Iam thri
ll
edabouttheopport
unit
iesobtainabl
eatthiscompanyandintheposit
ionofaccounts
payablecler
k.Ri
ghtnow,Iam operati
onal onmyCer t
if
iedPubl
i
cAccountantdesignat
ion,
which
Ipl
ant ouseshouldanaccountantposit
ionopenupwi thint
hebusi
ness.Other
wise,Iwil
lcar
ry
ongainingexper
ienceandinf
ormationthatwillhel
pmegetanaccountantposit
ioninthefut
ure.

Whati
sdebi
tandcr
edi
tfr
om t
hecust
omerpoi
ntofv
iew?

Debi
tmeans"
recei
vabl
e"&cr
edi
tmeans"
pay
abl
e".

So,thesear
ethefol
l
owinginter
viewquest
ions&answersf
oraccountpayabl
ejobs,and
candidat
esshoul
dgothroughitandsear
chmoretoprepar
ewellfort
hejobinter
view.