Abb is hiring Fresher & Experienced candidates for Accounting & Reporting Analyst . The details of the job, requirements and other information given below:
ABB IS HIRING : ACCOUNTING & REPORTING ANALYST
- Qualification : Degree in Mcom/MBA-finance/Bcom with proper documentation and percentage
- Ability to demonstrate as 0 to 1 year experience or skills in, SAP, AP, P2P, journal entries
- You are immersed engaged in working with SAP
- You are passionate about Analytics skills
- Fluency in English (spoken and written) is essential
- Location: Bangalore, Karnataka, India
Don’t miss out, CLICK HERE (to apply before the link expires)
Interview Questions and Answers for ABB – Accounts Payable Analyst (FTC – 1 Year Contract)
1. Tell us about yourself.
Answer:
I have completed my [B.Com/M.Com/MBA in Finance] from [Your College Name] with a strong academic background. I have a keen interest in finance and accounting, especially in Accounts Payable and SAP processes. I have [0 to 1 year] of experience where I gained knowledge in invoice processing, journal entries, and using SAP software. I am passionate about learning new things, especially analytics in finance, and I’m looking forward to starting my career with a global company like ABB.
2. What do you understand by Accounts Payable (AP)?
Answer:
Accounts Payable is the department responsible for managing and processing a company’s payments to its suppliers or vendors. It includes receiving invoices, verifying them with purchase orders, entering them into the system, and ensuring timely payments while maintaining proper documentation and internal controls. It’s a crucial part of the Procure-to-Pay (P2P) cycle.
3. What is the Procure-to-Pay (P2P) process?
Answer:
Procure-to-Pay, or P2P, is the complete process from ordering goods or services to making the payment to the supplier. The steps typically include:
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Creating a purchase requisition,
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Issuing a purchase order (PO),
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Receiving the goods or services,
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Receiving the invoice,
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Matching the PO, invoice, and goods receipt,
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Making the payment.
It ensures proper financial tracking and avoids any unauthorized payments.
4. Have you worked with SAP? If yes, explain your experience.
Answer:
Yes, I have basic experience using SAP, especially in the Accounts Payable module. I have learned how to post invoices, create journal entries, and match purchase orders with invoices in SAP. I also understand how to use T-codes for different AP activities. SAP helps automate and streamline the accounting processes.
5. How do you ensure accuracy when processing invoices?
Answer:
To ensure accuracy, I follow a three-way matching process where I check:
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The purchase order,
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The invoice from the vendor,
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And the goods receipt note.
I make sure the values and quantities match, and I double-check tax details, vendor codes, and cost centers before entering them into the system. Also, I stay updated with internal control procedures to avoid any errors or duplication.
6. What are journal entries? Can you give an example?
Answer:
Journal entries are records of financial transactions in the accounting books. Each entry has a debit and a credit side.
Example:
If the company buys office supplies worth ₹1,000 in cash:
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Debit Office Supplies Account ₹1,000
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Credit Cash Account ₹1,000
This keeps the accounting equation balanced.
7. How do you prioritize tasks when you have multiple invoices to process?
Answer:
I prioritize based on the due dates and importance of vendors. I ensure urgent or high-value payments are processed first to avoid late payment penalties. I also follow the company’s guidelines or internal SLA (Service Level Agreements) for processing timelines. Keeping a checklist or using SAP reports helps me stay organized.
8. What are internal controls in Accounts Payable?
Answer:
Internal controls are the policies and procedures used to ensure accuracy, prevent fraud, and comply with financial regulations. In Accounts Payable, examples include:
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Approval workflows for payments,
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Matching invoices with POs and goods receipts,
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Segregation of duties (the person approving the payment is different from the one processing it),
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Regular audits and reconciliations.
9. Why do you want to work at ABB?
Answer:
ABB is a global leader in technology and innovation, and I’m impressed by its focus on sustainability and employee development. I also value diversity and collaboration, which ABB promotes strongly. This position will allow me to start my career in a professional, structured environment where I can learn and grow in finance.
10. Are you comfortable with a 1-year FTC (Fixed Term Contract)?
Answer:
Yes, I’m comfortable with a 1-year contract. I believe it’s a great opportunity to gain hands-on experience in a global company like ABB. I’m confident that during this time, I can contribute to the team and learn valuable skills that will help me in my long-term career in finance.
Bonus Tips for the Interview:
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Dress professionally for the interview, even if it’s virtual.
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Keep your documents ready – marksheets, degree certificates, ID proofs.
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Practice using basic SAP screens or watch tutorials if you haven’t used SAP much.
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Be honest about your experience, and express your willingness to learn.
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