Capgemini Process Associate Interview Questions, Process, and Tips

Prepaid expense is an advance payment made for goods or services that will be received in the future.

• Prepaid expenses are recorded as assets on the balance sheet.

• They represent expenses that have been paid for in advance but have not yet been used or consumed.

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

• These expenses are gradually recognized as expenses over ti...read more

Bank reconciliation statement is a document that compares the bank statement with the company's cash records to identify any discrepancies.

• Bank reconciliation statement is prepared to ensure that the company's cash records match the bank statement.

• It helps in identifying any errors or discrepancies in the company's cash transactions.

• The statement includes the company's cash balance, outstanding checks, deposits in tran...read more

O2C cycle stands for Order to Cash cycle, which is the process of receiving and fulfilling customer orders.

• O2C cycle involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.

• It includes steps such as order entry, order processing, order fulfillment, and invoicing.

• Example: A customer places an order for a product, the order is processed, the product is shipped, and the customer p...read more

Onboarding is the process of integrating a new employee into the organization. Main documents required during offer letter creation include ID proof, educational certificates, and background check forms.

• Onboarding is the process of welcoming and integrating a new employee into the organization.

• Main documents required during offer letter creation include ID proof, educational certificates, and background check forms.

• Onb...read more