Head of Financial IT (Mostly FICO module and Functional)

Question 1

Walk me through Purchase to pay and their accounting ramifications.

Answer 1

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Question 2

Walk me through order to cash and their accounting ramifications.

Answer 2

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Question 3

What is your closing process?

Answer 3

5 business days to finish all closing tasks and generate financial
On the fist day, the Finance Manager opens the next months posting period and run the , accountants make
First we’ve got to ensure that the exchange rate is updated and ensure that all sub-ledger documents, fixed assets to AP AR open items are reconciled to their respective GL accounts and FI balances are reconciled, and the bank accounts balances in the system match with the actual balances on Bank statements.
2- Then, recurring entries are processed through batch input, accrual/deferrals (E recognized when incurred, R recognized when earned) are posted,