Ferrero Senior Executive Interview Questions and Answers

Q1. What is GR/IR and how to keep track? Types of PO and its uses Effect of Procurement in Balance sheet What do know about KPI and SLA? End to end P2P process General accounting Park Invoice
Ans. 
GR/IR stands for Goods Receipt/Invoice Receipt. It is a process used to reconcile discrepancies between goods received and invoices received.
• GR/IR is used to ensure that the quantity and value of goods received match the quantity and value of invoices received.

• It helps in identifying and resolving any discrepancies between the goods received and the invoices received.

• The GR/IR account is a temporary account used to rec...read more
Answered by AI
Add your answer

Q1. Stages in NPD- How NPD works
Ans. 
NPD involves several stages from idea generation to commercialization.
• Idea generation and screening

• Concept development and testing

• Business analysis

• Product development

• Market testing

• Commercialization

• Continuous improvement

• Examples: Apple's iPhone, Coca-Cola's new flavors
Answered by AI
Add your answer
Q2. How to improve the gm% of product
Ans. 
To improve gm% of product, focus on reducing costs and increasing sales revenue.
• Analyze cost structure and identify areas for cost reduction

• Implement pricing strategies to increase sales revenue

• Improve product quality to justify higher prices

• Explore new markets and distribution channels

• Streamline supply chain to reduce costs

• Invest in research and development to create innovative products
Answered by AI
Add your answer
Q3. Share your personal introduction
Add your answer

Q1. How you are different from others
Add your answer
Q2. Three different characteristics of yours
Ans. 
I am a strategic thinker, empathetic listener, and adaptable problem-solver.
• Strategic thinker: able to analyze complex situations and develop effective plans

• Empathetic listener: able to understand and connect with others' perspectives and needs

• Adaptable problem-solver: able to quickly adjust to changing circumstances and find creative solutions
Answered by AI
Add your answer

Online assessment of 60 Min.
15 questions of Excel formulas, which chart Type is best in given scenario, some % & sales share calculation questions. Their were no PATERN RECOGNITION question.

Q1. Not done 2nd round yet. Will share when done with it. which is dependent on online assessment results .
Add your answer
Q2. Will share details when done with it.
Add your answer

Q1. What key factors to use for effective budget
Ans. 
Key factors for effective budgeting
• Set clear financial goals and objectives

• Identify and prioritize expenses

• Track and analyze income and expenses

• Create a realistic budget based on available resources

• Regularly review and adjust the budget as needed

• Consider unexpected expenses and emergencies

• Seek professional advice if needed
Answered by AI
View 1 more answer

Q1. What are the Golden rules?
Ans. 
The Golden rules are fundamental principles or guidelines that are considered essential for success or achieving a desired outcome.
• Treat others as you want to be treated

• Always strive for excellence

• Be honest and transparent in your dealings

• Take responsibility for your actions

• Respect diversity and inclusion

• Practice good communication skills

• Continuous learning and improvement
Answered by AI
Add your answer
Q2. Real nominal personal
Add your answer

Basic Accounting questions and analytical questions

Q1. Journal entries, Accrualss, Deferred revenue
Add your answer
Q2. What is deferred revenue
Ans. 
Deferred revenue is an accounting term that refers to revenue that has been received but not yet earned.
• Deferred revenue is also known as unearned revenue.

• It is common in subscription-based businesses where customers pay in advance for services that will be provided over time.

• The revenue is recognized as earned revenue over the period of time that the service is provided.

• Deferred revenue is recorded as a liability on t...read more
Answered by AI
Add your answer