Consero Global Solutions Accounting Specialist 3 Interview Questions and Answers

We will have 3 tests. They will be on accounting, Email and Excel

Q1. Interview with controllers. Questions will be on basis principles of accounting, prepaid and postpaid entries, depreciation, month end closure and revenue recognition
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Q1. HR will just inform about the decision to hire and what package they are offering. We can either accept or decline. There ends the Interview process
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Q1. AP process, Basic Journal entries
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Q1. Journal entries on Accruals and prepaid expenses and many more journal entries
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You will have one aptitude test and one excel test

Objective questions on basoc accouting

Q1. What does accrual mean?
Ans. 
Accrual refers to the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.
• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.

• This is in contrast to cash accounting, which only recognizes revenue and expenses when payment is received or made.

• Accruals are typically recorded as adjusting entries a...read more
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Q2. Due vs accrual with example
Ans. 
Due accounting records transactions when payment is received, while accrual accounting records transactions when they occur.
• Due accounting is cash-based and records transactions when payment is received.

• Accrual accounting is based on when transactions occur, regardless of payment.

• Example: Due accounting records revenue when a customer pays for a product, while accrual accounting records revenue when the product is sold...read more
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Objective test on English.. Tenses, prepositions amd other parts of speech

Q1. Practical questions on accouting Like As9
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Q1. Depending on the position we applied for questions vary.
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Q1. Few excel formulas we need to apply on the raw spreadsheet
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