Genpact Financial Analyst Interview Questions, Process, and Tips

Contingent liability is a potential liability that may occur in the future depending on the outcome of a specific event.

• Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.

• They are dependent on a future event or circumstance, such as a lawsuit or warranty claim.

• If the event occurs, the company will have to pay the liability.

• Examples include pending lawsuits, product warranties, a...read more

Accounting principles are the guidelines and rules that companies must follow when preparing financial statements.

• Accounting principles ensure consistency and accuracy in financial reporting

• Examples include the principle of conservatism, matching principle, and materiality principle

• These principles help investors and stakeholders make informed decisions based on financial information

P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.

• The cycle starts with identifying the need for a product or service.

• Then, a purchase order is created and sent to the supplier.

• The supplier delivers the product or service and sends an invoice.

• The invoice is matched with the purchase order and goods receipt.

• Finally, payment is made to the supplier.

• The ...read more

2 way match compares invoice and purchase order, 3 way match adds receipt of goods to the comparison.

• 2 way match compares invoice and PO

• 3 way match adds receipt of goods

• Ensures accuracy of payment and inventory

• Reduces risk of fraud and errors

Yes, I know pivot table.

• Pivot table is a data summarization tool used in spreadsheet programs.

• It allows users to quickly summarize and analyze large amounts of data.

• Pivot tables can be used to create reports, charts, and graphs.

• For example, a pivot table can be used to analyze sales data by product, region, or time period.

VLOOKUP is a function in Excel used to search for a specific value in a table and return a corresponding value.

• VLOOKUP stands for 'Vertical Lookup'.

• It is commonly used in financial analysis to retrieve data from large tables.

• The function requires four arguments: lookup value, table array, column index number, and range lookup.

• Example: =VLOOKUP(A2, B2:C10, 2, FALSE) will search for the value in cell A2 in the table rang...read more

Financial statements are documents that provide an overview of a company's financial performance.

• Income Statement: Shows a company's revenues, expenses, and profits over a specific period of time.

• Balance Sheet: Provides a snapshot of a company's financial position at a specific point in time, including assets, liabilities, and equity.

• Cash Flow Statement: Details the cash inflows and outflows of a company, showing how c...read more