Concentrix Corporation Executive Accountant Interview Questions and Answers

Introduction, small talk, question and answer

It's designed to assess a candidate's technical abilities and problem-solving skills. During this interview, candidates are asked to solve programming problems in real-time, often using a collaborative editor or whiteboard.

A job interview assignment is a task or project related to the position you're applying for. Many hiring managers use these assignments in addition to a traditional interview to learn more about your skills and work ethic and evaluate how your abilities align with the job requirements

Q1. How you see yourself in next 5 years
Ans. I am seeing myself to grow professionally and academically in next 5 years.
Answered Anonymously
Add your answer

Q1. What are 3 types of Accounts
Ans. 
Types of accounts include assets, liabilities, and equity.
• Assets: resources owned by the company, such as cash, inventory, and equipment

• Liabilities: debts or obligations owed by the company, such as loans and accounts payable

• Equity: the owner's stake in the company, calculated as assets minus liabilities
Answered by AI
Add your answer
Q2. Personal Account Nominal Account Real Account
Add your answer

Discuss affects of AI on future of Accounting procedures.

Q1. About yourself, accounting knowledge and I was a fresher
Add your answer

60 minutes Section are Logical, English, visual

Q1. Technical or manager round where accounting entry related questioned are asked
Add your answer

Q1. There are three branches of accounting
Ans. 
The three branches of accounting are financial accounting, management accounting, and cost accounting.
• Financial accounting focuses on reporting financial information to external stakeholders.

• Management accounting involves providing financial information to internal management for decision-making.

• Cost accounting deals with analyzing and controlling costs within a company.

• Each branch serves a different purpose and audien
Answered by AI
Add your answer
Q2. Types of accounting golden rules
Ans. 
The accounting golden rules are basic principles that guide the process of recording financial transactions.
• There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.

• Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...read more
Answered by AI
Add your answer
Q3. What is the balance sheet
Ans. 
The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
• It lists a company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth, calculated as assets m...read more
Answered by AI
Add your answer
Q4. Trail Balance Definition
Ans. 
A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in recording or posting transactions can be identified by preparing a trial balance.

• Example: If the total debits and credits do ...read more
Answered by AI
Add your answer
Q5. What is the Working capital
Ans. 
Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It represents the amount of liquid assets available to a company to fund its day-to-day operations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Positive working capital indicates that a company has enough assets ...read more
Answered by AI
Add your answer
Q6. Defin depreciation and it types
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Double declining balance front-loads depreciation expenses.

• Uni...read more
Answered by AI
Add your answer

Q1. Personal details about you
Add your answer
Q2. Where do you see yourself in 5 years
Add your answer

Q1. Asking about job profile
Add your answer
Q2. Portfolio questions about
Add your answer