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FIS
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I applied via Campus Placement and was interviewed before Mar 2023. There were 3 interview rounds.
Basic accounting questions
Accrual is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Accrual accounting recognizes revenue when it is earned, not when it is received.
Expenses are recognized when they are incurred, not when they are paid.
Accrual accounting provides a more accurate representation of a company's financial position and performance.
Examples includ...
General ledger is a complete record of financial transactions of a company, organized by accounts.
It contains all debit and credit entries for each account in the company's chart of accounts.
It is used to prepare financial statements like the balance sheet and income statement.
Entries in the general ledger are usually recorded using double-entry accounting.
Examples of general ledger accounts include cash, accounts rece
GAP refers to Generally Accepted Accounting Principles and revenue recognition principles dictate when and how revenue should be recorded.
GAP is a set of accounting standards used to ensure consistency in financial reporting.
Revenue recognition principles determine the timing and amount of revenue that should be recorded.
Revenue is typically recognized when it is earned and realized or realizable.
Examples of revenue re...
I have a passion for numbers and problem-solving, and I believe accounting is the foundation of finance.
I enjoy working with numbers and analyzing financial data.
I have strong attention to detail and organizational skills, which are essential in accounting.
I believe accounting is the language of business and provides a solid foundation for a career in finance.
I am interested in helping businesses make informed financia...
I applied via Recruitment Consulltant and was interviewed before Mar 2021. There were 3 interview rounds.
I applied via campus placement at Indira School of Management Studies, Pune and was interviewed before Feb 2021. There were 4 interview rounds.
I applied via Recruitment Consultant and was interviewed in Jan 2020. There were 5 interview rounds.
Accrual is recognizing revenue or expenses before cash is exchanged. Prepaid is recognizing payment before goods or services are received.
Accrual is a method of accounting that recognizes revenue or expenses before cash is exchanged.
Prepaid is a method of accounting that recognizes payment before goods or services are received.
Accruals are used to match revenue and expenses to the period in which they are earned or inc...
FIS interview questions for designations
What people are saying about FIS
Impairment refers to a reduction in the value of an asset on the balance sheet.
Impairment occurs when the carrying amount of an asset exceeds its recoverable amount.
It is typically recorded as a non-cash charge on the income statement.
Common examples include impairment of goodwill, intangible assets, and property, plant, and equipment.
Reconciling GL and subledger involves identifying and resolving discrepancies between the two accounts.
Compare transactions in GL and subledger to identify discrepancies
Investigate any differences in balances or transactions
Adjust entries in GL or subledger to reconcile the accounts
Ensure proper documentation of reconciliation process
Communicate with relevant stakeholders to resolve discrepancies
I applied via Company Website and was interviewed in Oct 2024. There were 2 interview rounds.
Assignment was easy. HRs are non reliable
posted on 18 Mar 2024
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
I applied via LinkedIn and was interviewed before Jun 2023. There were 3 interview rounds.
Technical and management questions
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
Accounting questions, questions from resume
posted on 23 Feb 2024
Time and speed and and and
Previous experience and and and anf
based on 14 reviews
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