Exam Details
| Subject | Procure to Pay | |
| Paper | ||
| Exam / Course | Diploma in Business Process Outsourcing | |
| Department | School of Vocational Education and Training (SOVET) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2015 | |
| City, State | new delhi, |
Question Paper
Fill in the blanks.
1. P2P cycle consists of two parts, namely and
2. The verifies the travel claim and clears it for Payment.
3. For vendor setup is the most important criterion for success.
4. Duplicate Payments can happen due to poor controls in as well as
5. The date associated with a payment run upto which all invoices are paid is called as
State whether the following statements are True or False.
6. Business provides importance to their critical vendors.
7. Productivity is the most important metric in the vendor setup process.
8. The vendors of the client can access the workflow tool.
9. Electronically invoices get processed automatically and faster than the paper invoices.
10. Cheque is the most preferred way of payment in cases of an international transaction.
11. What are the controls that are used in the verification of a T and E claim?
12. Explain the P2P process diagrammatically.
13. List the difference between business metrics and process metrics.
14. Provide Journal entry for the following Transaction
Paid advance to M/s XYZ Supplier to supply stationery (Rs
Received stationery from M/s XYZ Supplies against the advance.
15. What should be done in case a credit note is processed as an invoice?
16. Explain the process of Two-way match in P2P process.
17. Explain the direct debit form of Payment.
18. What are the metrics that are used to measure the effectiveness of Invoice query (invoice on hold) process?
19. What are the different types of source documents? Explain the different documents with examples
20. While selecting a vendor what are the factors that a procurement manager should consider? Give the metrics used to measure the performance of vendor setup.
21. What are the reasons of outsourcing P2P process? How does a workflow tool facilitate collaboration across the term
22. What are the quality checks associated with payment runs
23. What are the typical issues in vender setup/ maintenance in a P2P process? Explain them in brief.
24. Describe some of the best practices used by the P2P teams to improve the processes.
1. P2P cycle consists of two parts, namely and
2. The verifies the travel claim and clears it for Payment.
3. For vendor setup is the most important criterion for success.
4. Duplicate Payments can happen due to poor controls in as well as
5. The date associated with a payment run upto which all invoices are paid is called as
State whether the following statements are True or False.
6. Business provides importance to their critical vendors.
7. Productivity is the most important metric in the vendor setup process.
8. The vendors of the client can access the workflow tool.
9. Electronically invoices get processed automatically and faster than the paper invoices.
10. Cheque is the most preferred way of payment in cases of an international transaction.
11. What are the controls that are used in the verification of a T and E claim?
12. Explain the P2P process diagrammatically.
13. List the difference between business metrics and process metrics.
14. Provide Journal entry for the following Transaction
Paid advance to M/s XYZ Supplier to supply stationery (Rs
Received stationery from M/s XYZ Supplies against the advance.
15. What should be done in case a credit note is processed as an invoice?
16. Explain the process of Two-way match in P2P process.
17. Explain the direct debit form of Payment.
18. What are the metrics that are used to measure the effectiveness of Invoice query (invoice on hold) process?
19. What are the different types of source documents? Explain the different documents with examples
20. While selecting a vendor what are the factors that a procurement manager should consider? Give the metrics used to measure the performance of vendor setup.
21. What are the reasons of outsourcing P2P process? How does a workflow tool facilitate collaboration across the term
22. What are the quality checks associated with payment runs
23. What are the typical issues in vender setup/ maintenance in a P2P process? Explain them in brief.
24. Describe some of the best practices used by the P2P teams to improve the processes.
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- English Communication and Accountancy
- Fundamentals of Accounting
- Introduction to Finance and Accounting
- IT skills
- Order to Cash
- Procure to Pay
- Record to Report