Genpact
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Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.
They are dependent on a future event occurring or not occurring.
Examples include lawsuits, warranties, and guarantees.
If the contingent liability is probable and the amount can be estimated, it should be ...
Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
Provision is a liability that is recognized on the balance sheet.
It is used to account for potential future expenses or losses that are uncertain but likely to occur.
Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
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 warranti...
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
What people are saying about Genpact
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 ...
I would add value by providing accurate financial analysis and insights to support informed decision-making.
Conducting thorough financial analysis to identify trends, risks, and opportunities
Developing financial models and forecasts to support strategic planning
Providing recommendations based on analysis to optimize financial performance
Assisting in budgeting and cost control initiatives
Monitoring key financial me...
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...
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...
Accounts refer to financial records that track the flow of money in and out of a business or individual's finances.
Accounts are used to keep track of financial transactions such as income, expenses, assets, and liabilities.
There are different types of accounts such as checking, savings, credit, and investment accounts.
Accounts are typically organized in a chart of accounts which categorizes them by type and purpos...
Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.
They are dependent on a future event occurring or not occurring.
Examples include lawsuits, warranties, and guarantees.
If the contingent liability is probable and the amount can be estimated, it should be recor...
Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
Provision is a liability that is recognized on the balance sheet.
It is used to account for potential future expenses or losses that are uncertain but likely to occur.
Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
I appeared for an interview in Feb 2025, where I was asked the following questions.
I admire your company's innovative approach and commitment to excellence, aligning perfectly with my career goals in finance.
Your company's reputation for fostering a collaborative work environment aligns with my desire to work in a team-oriented setting.
I am impressed by your commitment to sustainability and corporate social responsibility, which resonates with my personal values.
The opportunity to work with cutting-e...
In the next five years, I aim to enhance my financial expertise, contribute to strategic decisions, and pursue leadership opportunities.
Achieve a CFA designation to deepen my financial analysis skills and credibility.
Gain experience in diverse financial sectors, such as investment banking and corporate finance.
Contribute to key projects that drive company growth, like financial forecasting and budgeting.
Develop leaders...
Golden rules of accounting are basic principles to maintain accurate financial records.
The accounting equation must always balance: Assets = Liabilities + Equity
Every transaction should be recorded in the books of accounts
Separate personal and business finances
Consistency in accounting methods and practices
Accrual basis of accounting for revenue recognition and matching expenses
The golden rule of accounting states that debits must equal credits in any financial transaction.
Debits must always equal credits in accounting entries
It is the fundamental principle of double-entry accounting
Helps ensure accuracy and balance in financial records
I would add value by providing accurate financial analysis and insights to support informed decision-making.
Conducting thorough financial analysis to identify trends, risks, and opportunities
Developing financial models and forecasts to support strategic planning
Providing recommendations based on analysis to optimize financial performance
Assisting in budgeting and cost control initiatives
Monitoring key financial metrics...
I appeared for an interview before Jun 2024, where I was asked the following questions.
I bring a unique blend of analytical skills, financial expertise, and a proactive approach to drive impactful results for your team.
Strong analytical skills: I excel in data analysis, having successfully identified cost-saving opportunities that improved profitability by 15%.
Proven financial modeling experience: Developed comprehensive financial models for forecasting, which helped guide strategic decisions in my previ...
I am proficient in Excel, with strong skills in data analysis, financial modeling, and advanced functions to drive insights.
Experienced in using pivot tables for summarizing large datasets.
Skilled in creating complex formulas, such as VLOOKUP and INDEX-MATCH.
Proficient in data visualization using charts and graphs to present findings.
Able to automate tasks using macros and VBA for efficiency.
Familiar with financial mod...
I applied via Approached by Company and was interviewed before Jun 2023. There were 2 interview rounds.
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...
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
I can join immediately or within two weeks, depending on your needs and any necessary arrangements.
I am available to start immediately if needed.
If you require a notice period, I can join within two weeks.
I can also accommodate a specific start date if preferred.
For example, if you need me to start on a Monday, I can ensure I'm ready by then.
I applied via Approached by Company and was interviewed before Feb 2022. There were 3 interview rounds.
I expect a challenging role that fosters growth, collaboration, and opportunities to contribute to the company's financial success.
I expect to work on diverse financial projects that enhance my analytical skills, such as budgeting and forecasting.
I look forward to collaborating with cross-functional teams to provide insights that drive strategic decisions.
I hope to receive constructive feedback that helps me improve my...
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 ...
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...
I applied via Company Website and was interviewed before May 2023. There was 1 interview round.
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...
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Process Developer
37.9k
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| ₹1.2 L/yr - ₹7 L/yr |
Process Associate
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| ₹0.9 L/yr - ₹7 L/yr |
Management Trainee
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salaries
| ₹1.8 L/yr - ₹10.1 L/yr |
Assistant Manager
21.6k
salaries
| ₹5 L/yr - ₹15 L/yr |
Manager
7.7k
salaries
| ₹7 L/yr - ₹24.9 L/yr |
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