Accenture ABCs
Accenture’s ticker symbol on the NYSE.
What is ACN?
This is the first step in the Source-to-Pay process.
What is sourcing or requisitioning?
A structured session to identify client needs and opportunities.
What is a workshop?
Current assets minus current liabilities equals this.
What is working capital?
This ERP system is widely used in procurement and finance. It is also used at BMS.
What is SAP?
Accenture’s legal headquarters is located in this city.
What is Dublin, Ireland
The document sent to a supplier to order goods or services.
What is a Purchase Order (PO)?
The document that defines project scope, objectives, and deliverables.
What is the Statement of Work (SOW)?
This report shows a company’s revenues, expenses, and profit.
What is the income statement?
SAP’s cloud procurement solution.
What is Ariba?
Accenture spun off from this accounting firm in 1989.
What is Arthur Andersen?
This control is in place to ensure invoice release after it aligns with the PO and GR.
What is a 3-way match invoice?
A key deliverable that tracks project risks and mitigation plans.
What is a RAID log?
This accounting method recognizes revenue when earned, not when cash is received.
What is accrual accounting?
This technology uses software robots to automate tasks.
What is RPA (Robotic Process Automation)?
The percentage of Fortune 500 companies Accenture serves is more than this.
What is 75%?
The process of comparing bids from multiple suppliers.
What is competitive bidding or RFQ
The phase after a system go-live, focused on stability.
What is Hypercare?
This is what GAAP stands for..
What is Generally Accepted Accounting Principles
In SAP, this module handles purchasing activities.
What is MM (Materials Management)?
Accenture operates in more than this number of countries worldwide.
What is 120+
A company’s working capital is most affected by this part of the S2P cycle.
What are payment terms?
The consulting framework that evaluates an organization’s strengths and weaknesses.
What is a SWOT analysis?
This financial metric measures profitability relative to equity.
What is Return on Equity (ROE)?
This type of artificial intelligence goes beyond static responses by autonomously setting goals, taking initiative, and carrying out multi-step tasks without constant human prompting.
What is Agentic AI?