Barclays Global Service Centre Operations Analyst Interview Questions and Answers

Entry of interest received in advance refers to the accounting entry made when a company receives interest income before it is earned.

• Interest received in advance is recorded as a liability on the balance sheet.

• It represents the amount of interest income that has been received but has not yet been earned.

• The entry involves debiting the cash account and crediting the interest received in advance account.

• As the interest ...read more

Prepaid expense is an accounting concept where an expense is paid in advance before it is incurred.

• Prepaid expense is recorded as an asset on the balance sheet.

• It is gradually recognized as an expense over time or as the benefit is received.

• Common examples of prepaid expenses include prepaid rent, prepaid insurance, and prepaid subscriptions.

• To record the entry of prepaid expense, debit the prepaid expense account and ...read more

Reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

• Reconciliation involves comparing financial or transactional data to identify discrepancies.

• Types of reconciliation include bank reconciliation, inventory reconciliation, and account reconciliation.

• Bank reconciliation involves comparing bank statements with internal records to ensure all transactions are accounted fo...read more

I have a unique combination of analytical skills, creativity, and strong attention to detail.

• I have a background in both finance and graphic design, allowing me to approach problems from multiple perspectives.

• I excel at finding innovative solutions to complex problems.

• I am known for my ability to think outside the box and come up with creative solutions.

• I have a keen eye for detail and always strive for perfection in m

I added value to my last organization by implementing data-driven strategies to improve efficiency and decision-making.

• Implemented data analytics tools to optimize processes and identify cost-saving opportunities

• Developed KPI dashboards to track performance and make informed business decisions

• Led cross-functional teams to successfully launch new products and services

• Provided training and mentorship to junior analysts t