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OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.
OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.
OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.
Common examples of OTC instruments include stocks...
P2P (Procure-to-Pay) is the process of obtaining and paying for goods and services from suppliers.
The process starts with identifying the need for a product or service.
Next, a purchase order is created and sent to the supplier.
Upon receiving the goods or services, an invoice is generated by the supplier.
The invoice is matched with the purchase order and goods receipt.
Finally, payment is made to the supplier.
Example: Co...
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
I am a detail-oriented individual with strong analytical skills and a background in transaction processing.
I have a Bachelor's degree in Finance and experience working in a financial institution.
I am proficient in using various software and tools for transaction processing.
I have a keen eye for accuracy and can work efficiently under pressure.
I am a team player and can communicate effectively with colleagues and client
Business process outsourcing is when a company contracts out specific business tasks to a third-party provider.
Companies outsource tasks like customer service, payroll processing, and IT services to save costs and improve efficiency.
Outsourcing can be done domestically or internationally, depending on the company's needs and budget.
Popular outsourcing destinations include India, the Philippines, and Eastern Europe.
Outs...
I am a detail-oriented individual with a background in finance and a strong interest in transaction processing.
I have a Bachelor's degree in Finance from XYZ University.
I have previous experience working as a financial analyst at ABC Company.
I am proficient in using Excel for data analysis and have strong attention to detail.
I am a quick learner and have excellent problem-solving skills.
I am excited about the opportuni
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Insurance is a financial product that provides protection against potential financial losses.
Insurance is a contract between an individual or organization and an insurance company.
The individual or organization pays a premium in exchange for coverage against specific risks.
Common types of insurance include health insurance, auto insurance, life insurance, and property insurance.
Insurance helps individuals and organizat...
Accenture interview questions for designations
I am impressed by the company's reputation for innovation and commitment to excellence.
I admire the company's track record of success in the industry.
I am excited about the opportunity to contribute to a dynamic and forward-thinking team.
I believe the company's values align with my own professional goals and aspirations.
Get interview-ready with Top Accenture Interview Questions
posted on 9 Aug 2023
I applied via Newspaper Ad and was interviewed in Jul 2023. There were 3 interview rounds.
Yes, I have the energy to come to the office.
I am highly motivated and enthusiastic about my work.
I prioritize self-care and maintain a healthy lifestyle to ensure I have the energy to perform my job effectively.
I am punctual and reliable, ensuring I arrive at the office on time and ready to work.
I actively engage in activities that boost my energy levels, such as exercise and proper nutrition.
I have a positive mindset...
To wake up at the same time on weekdays, establish a consistent sleep schedule, create a bedtime routine, avoid stimulants before bed, and use an alarm clock.
Set a consistent sleep schedule by going to bed and waking up at the same time every day
Create a bedtime routine to signal your body that it's time to sleep
Avoid stimulants like caffeine and electronics before bed
Use an alarm clock or a wake-up light to ensure you
Yes
Yes, I am able to manage tying my shoes.
I have been tying my shoes since childhood and it is a basic skill I possess.
I can tie different types of knots, such as the standard bow knot or a double knot.
I am comfortable tying shoes with different types of laces, including round, flat, or elastic laces.
The number of hairs on a person's head varies, but on average, it is around 100,000.
The number of hairs on a person's head can vary depending on factors such as genetics, age, and health.
On average, adults have around 100,000 hairs on their head.
Hair loss is a common issue that can affect the number of hairs on the head.
Hair color and texture can also impact the appearance of hair density.
The amount of money I need depends on my financial goals and expenses.
The amount of money I need will vary based on my short-term and long-term financial goals.
I will also consider my monthly expenses, such as rent, bills, and groceries.
Additionally, I will factor in any outstanding debts or loans that need to be paid off.
I may also consider saving for emergencies or unexpected expenses.
It is important to have a clear ...
The amount of money needed to buy food varies depending on various factors.
The cost of food depends on the type of food, location, and personal dietary preferences.
Factors such as inflation, seasonality, and availability of certain ingredients can also affect the cost.
Individuals with dietary restrictions or special dietary needs may require more money to buy specific food items.
The number of people to be fed and the f...
This question is inappropriate and irrelevant to the job role.
The question is unrelated to the job of a Transaction Processing Associate.
It is not appropriate to ask personal financial information in an interview.
The focus should be on the candidate's skills and qualifications for the role.
The amount of money needed by my forefathers to buy food for their family is not available.
Data on the amount of money needed by my forefathers to buy food is not known.
Unfortunately, I don't have any information regarding the financial situation of my forefathers.
I cannot provide an answer as the specific details about my forefathers' expenses are not known.
I applied via Referral and was interviewed in May 2023. There were 3 interview rounds.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit expenses and losses, credit income and gains
The current Finance Minister of India is Nirmala Sitharaman who introduced new tax regimes in the Union Budget 2020.
Nirmala Sitharaman is the Finance Minister of India.
She introduced new tax regimes in the Union Budget 2020.
The new tax regimes include optional tax slabs with reduced rates for individuals and HUFs.
posted on 9 Mar 2024
I applied via Recruitment Consulltant and was interviewed in Sep 2023. There was 1 interview round.
I have a strong background in transaction processing and data entry.
Worked as a Transaction Processing Associate at XYZ Company for 2 years
Proficient in using various software for data entry and processing
Managed large volumes of transactions accurately and efficiently
I applied via Referral and was interviewed in Apr 2023. There were 2 interview rounds.
Net profit is the profit after all expenses are deducted. Gross profit is the profit before expenses are deducted. Depreciation is the decrease in value of an asset over time.
Net profit is calculated by subtracting all expenses from total revenue.
Gross profit is calculated by subtracting the cost of goods sold from total revenue.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over tim...
Amortization is the process of spreading out a loan or debt over a period of time with regular payments.
It is a method of paying off a debt over a fixed period of time
It involves making regular payments that include both principal and interest
The payments are calculated based on the loan amount, interest rate, and repayment period
Examples include mortgage loans, car loans, and student loans
2 Interview rounds
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