Genpact
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I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before May 2023. There was 1 interview round.
Revenue recognition concept refers to the accounting principle that revenue should be recorded when it is earned and realized, regardless of when cash is received.
Revenue is recognized when it is earned, not necessarily when cash is received.
It is important to match revenue with the expenses incurred to generate that revenue.
Revenue recognition can be complex, especially for long-term contracts or subscription-based se...
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
The three golden rules of accounting are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit all expenses and losses, Credit all incomes and gains.
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.
For example, when a company receives...
I applied via Referral and was interviewed before Apr 2023. There was 1 interview round.
Accruals are recognized revenues or expenses that have been incurred but not yet paid, while provisions are liabilities that are uncertain in timing or amount.
Accruals are recognized when revenue is earned or expenses are incurred, regardless of when cash is received or paid.
Provisions are recognized when there is a probable obligation that can be reliably estimated.
Accruals are typically related to ongoing business op...
Reserves are set aside for specific purposes, while provisions are set aside for potential future expenses or losses.
Reserves are created to meet specific known obligations or losses, while provisions are created to cover potential future expenses or losses.
Reserves are not charged to the profit and loss account until they are utilized, while provisions are charged to the profit and loss account as an expense.
Reserves ...
I applied via Referral and was interviewed before Apr 2023. There was 1 interview round.
EV can be calculated by adding the market value of a company's equity, debt, and preferred stock, and subtracting cash and cash equivalents.
Calculate the market value of equity by multiplying the current stock price by the number of outstanding shares.
Calculate the market value of debt by adding the value of all outstanding bonds and loans.
Calculate the market value of preferred stock by multiplying the current price p...
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I applied via Referral and was interviewed before Mar 2023. There were 3 interview rounds.
General Aptitude that evaluates your analytical skills
Genpact interview questions for designations
I applied via Naukri.com and was interviewed in Feb 2022. There were 3 interview rounds.
Payment terms in export and import
Payment terms are the agreed conditions between buyer and seller for payment of goods/services
Common payment terms include Letter of Credit, Cash in Advance, Open Account, and Documentary Collection
In export, payment terms are important to ensure payment security and minimize risk
In import, payment terms can affect cash flow and profitability
Example: FOB (Free on Board) means the selle...
Get interview-ready with Top Genpact Interview Questions
I applied via Approached by Company and was interviewed in Apr 2022. There were 3 interview rounds.
I applied via Job Fair and was interviewed before Dec 2022. There were 3 interview rounds.
Arithmetic test of reasoning
A PO (Purchase Order) is a document issued by a buyer to a seller, indicating the details of goods or services to be purchased. A non-PO refers to any transaction that does not involve a purchase order.
A PO is a formal agreement between a buyer and a seller, outlining the terms and conditions of a purchase.
A non-PO transaction can include direct cash purchases, credit card purchases, or recurring expenses without the n...
PO stands for Purchase Order and invoices are related to the payment for goods or services received based on the PO.
A Purchase Order (PO) is a document issued by a buyer to a seller, indicating the type, quantity, and agreed price for products or services.
Invoices are documents sent by the seller to the buyer, requesting payment for the goods or services provided.
POs and invoices are related as the invoice is typically...
ERP stands for Enterprise Resource Planning. It is a software system that integrates various business processes and functions into a single platform.
ERP helps organizations streamline their operations and improve efficiency.
It allows for better coordination and communication between different departments.
ERP systems typically include modules for finance, human resources, inventory management, customer relationship mana...
I applied via Approached by Company and was interviewed in Mar 2022. There were 2 interview rounds.
Depreciation is the decrease in value of an asset over time. Amortization is the process of spreading out the cost of an intangible asset over its useful life. Prepaid expenses are expenses paid in advance. Accrued revenue and expenses are revenues and expenses that have been earned or incurred but not yet received or paid.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
Amor...
I applied via Company Website and was interviewed before May 2022. There were 3 interview rounds.
I was interviewed in Aug 2022.
The duration of Genpact Assistant Manager interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 112 interviews
5 Interview rounds
based on 2.2k reviews
Rating in categories
Process Developer
36.3k
salaries
| ₹1 L/yr - ₹6.8 L/yr |
Process Associate
28.1k
salaries
| ₹0.9 L/yr - ₹6.5 L/yr |
Assistant Manager
19.9k
salaries
| ₹5 L/yr - ₹14 L/yr |
Management Trainee
19.4k
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| ₹1.6 L/yr - ₹8.5 L/yr |
Manager
7.4k
salaries
| ₹5.7 L/yr - ₹24 L/yr |
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