Genpact Management Trainee Interview Questions, Process, and Tips

Q1. Whats internal auditing
Ans. 
Internal auditing is a process where an organization's financial and operational processes are reviewed by an independent party to ensure compliance and efficiency.
• Internal auditing evaluates the effectiveness of risk management, control, and governance processes within an organization.

• It helps identify areas for improvement and ensures compliance with laws and regulations.

• Internal auditors provide recommendations for ...read more
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Q2. Tell me about yourself
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Q3. Whats are the 5 component’s of ind as 15
Ans. 
Ind AS 15 specifies the criteria for recognizing revenue from contracts with customers.
• Identification of the contract with a customer

• Identification of the performance obligations in the contract

• Determination of the transaction price

• Allocation of the transaction price to the performance obligations

• Recognition of revenue when (or as) the entity satisfies a performance obligation
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Q1. What is the salary expectation
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Q2. Experience domain
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Q1. Technical questions
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Q2. Behavioral questions
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Q3. Excel questions
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Q1. Do you have all the documents?
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Q1. Spoken english skill test
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Q1. Technical round related to accounting
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Q1. Tell me about yourself
Ans. 
I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
• Graduated with a degree in Business Administration

• Passionate about leadership and problem-solving

• Completed internships in marketing and finance

• Involved in various extracurricular activities such as student government and volunteering
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Grammatical Test like nouns, voice, pronouns, verbs

Q1. Tell me about OTC cycle
Ans. 
OTC cycle refers to the process of over-the-counter trading of securities outside of a formal exchange.
• OTC trading involves direct transactions between buyers and sellers, without the supervision of an exchange.

• OTC securities are not listed on a formal exchange and are typically less regulated.

• OTC markets provide liquidity for securities that may not meet the requirements for listing on a formal exchange.

• Examples of OT...read more
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Q2. Explain cash Application
Ans. 
Cash application is the process of recording and applying incoming payments to the correct customer accounts.
• Cash application involves matching incoming payments with the corresponding invoices or accounts receivable.

• It ensures that payments are accurately recorded and applied to the correct customer accounts.

• Automated cash application software can streamline the process and reduce manual errors.

• Reconciling bank statem...read more
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Q3. What is dispute?
Ans. 
Dispute is a disagreement or argument between two or more parties over a particular issue.
• Disputes can arise in various situations such as business transactions, legal matters, or personal relationships.

• They can involve disagreements over contracts, property rights, or differing opinions.

• Resolving disputes often requires negotiation, mediation, or legal intervention.

• Examples include a landlord-tenant dispute over rent ...read more
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Q1. Tell me about your self
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Q2. Education background Salary expected
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Q3. Previous experience and achievements
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Q4. Normal accounting questions and to check your confidence
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Q5. Ask for shift timing
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Q1. Basic accounting question
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Q1. How comfortable are you with working night shifts?
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Q2. Accrual, deferal, cash flow
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Q3. What are basic journal entries in accounting?
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Q1. What is the definition of variance, and what is the formula used to calculate it?
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Q2. What are the definitions of accruals and deferrals, and what are the corresponding journal entries for each?
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Q3. Basic accounting terms and GAAP
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