CONNECT

True or False: A vendor master administrator can sometimes have access to unblock a vendor and process the payment.

• True

• False

One of the Accounting processes/cycles called R2R involves collecting, processing, and delivering relevant, timely, and accurate information used for providing strategic, financial, and operational feedback, to aid in the understanding. R2R means?

• Read to report

• Record to record

• Record to Report

• Report to Report

To achieve the Pay on ​ (a)   target of 95%, KPIs should be monitored in ​ (b)  

• Time
• Celonis
• Blackline
• SAP FBL1N

SOD Principles: SoD must be respected between ​ (a)   , unblocking and ​ (b)   of a same invoice as well as the Vendor Master data

• POSTING
• PAYMENT
• PROCESSING
• PROCESSING
• PARKING
• CANCELLING

The Active Cosmetics Division was recently changed to LDB which stands for?

• L'Oreal Dermatology Beauty

• L'Oreal Dermatological Beauty

• L'Oreal's Dermatological Beauty

• L'Oreal Dermatologic Beauty

Match the following

• Professional Products Division

• LUXE

• Consumer Products Division

• PPD

• Loreal Dermatological Beauty

• CPD

• L'Oreal Luxe Division

• LDB

As per group norms, bank statements should be integrated automatically and in a secured way.

• True

• False

Who is the current CEO of L'Oreal Group?

Segregation of duties must be respected: the person in charge of Fixed Asset process should not be able to make GR but can post invoices

• TRUE

• FALSE

Intercompany: In case of dispute, the rule of the ​ (a)   is applicable: By convention, the accounts of the vendor company are deemed to be accurate.

• vendor
• buyer