Consero Global Solutions Interview Questions, Process, and Tips

English test, Accounting Test, Excel test- overall around 1 hour test

Q1. What is accrual, what is provision for depreciation, what is Bad debts, Journal entries,
Ans. 
Accrual is recognizing revenue and expenses when they are incurred, provision for depreciation is setting aside funds for asset depreciation, bad debts are uncollectible debts, journal entries record financial transactions.
• Accrual is the accounting method of recognizing revenue and expenses when they are incurred, regardless of when cash is exchanged.

• Provision for depreciation is the allocation of funds to account for ...read more
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Q2. Billed revenue, unbilled revenue
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Q3. Salary entry, what is revenue, revenue recog principles
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Q1. Deferred revenue expenditure, p2p process, o2c process, depreciation and amortization
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Q1. Materiality Definition
Ans. 
Materiality definition refers to the significance or importance of information in relation to a company's financial statements.
• Materiality is a concept used in accounting to determine the relevance of information to users of financial statements.

• It involves assessing whether a particular item or error is significant enough to impact decision-making.

• Materiality is subjective and can vary depending on the size and nature...read more
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Q1. AP Prepost Definition
Ans. 
AP Prepost Definition is a term used in accounting to refer to adjusting entries made at the beginning and end of an accounting period.
• AP Prepost Definition refers to adjusting entries made at the start and end of an accounting period

• These entries ensure that expenses and revenues are recorded in the correct period

• Examples include accruals, deferrals, and estimates adjustments
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Q1. 1. what is deferred revenue? 2. What is accrued income? 3. Month end closing activities from accounting perspective 4. What is accumulated Depreciation? 5. Depreciation entry 6. Entry for payroll expenses ...read more
Ans. 
Interview questions for Assistant Controller covering topics such as deferred revenue, accrued income, month-end closing activities, accumulated depreciation, payroll expenses, balance sheet reconciliation, and revenue recognition.
• Deferred revenue is revenue received in advance for goods or services that have not yet been delivered or performed.

• Accrued income is income earned but not yet received or recorded.

• Month-end ...read more
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Basic Logical reasoning, English and Accounting entries. Apart from this, there is email test and Excel test which cover Vlookup, Sumifs, IF, Find and Pivot functions

Q1. Accounting Journal entries
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