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Genpact Management Trainee Interview Questions, Process, and Tips
Top Genpact Management Trainee Interview Questions and Answers
- Q1. What do you mean by balance sheet reconciliation could you explain briefly?
- Q2. What's the difference between Intercompany and Intracompany?
- Q3. what is the 3 way or 2 way checking in AP profile
Genpact Management Trainee Interview Experiences
228 interviews found
Bhola Paul
Selected
I applied via Company Website and was interviewed in Mar 2024. There were 3 interview rounds.
(1 Question)
- 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
Grammatical Test like nouns, voice, pronouns, verbs
(3 Questions)
- 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...
- 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...
- 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 ...
Anonymous
(5 Questions)
- Q1. Tell me about your self
- Q2. Education background Salary expected
- Q3. Previous experience and achievements
- Q4. Normal accounting questions and to check your confidence
- Q5. Ask for shift timing
(1 Question)
- Q1. Basic accounting question
Selected
I appeared for an interview before Jan 2024.
(3 Questions)
- Q1. How comfortable are you with working night shifts?
- Ans.
I am comfortable with working night shifts and have previous experience doing so.
I have worked night shifts in my previous job and have no issues with adjusting my schedule.
I understand the importance of being alert and focused during night shifts.
I am willing to work night shifts as needed to support the team and meet business needs.
- Q2. Accrual, deferal, cash flow
- Q3. What are basic journal entries in accounting?
- Ans.
Basic journal entries in accounting are essential transactions recorded in a company's general ledger.
Journal entry for revenue recognition: Debit Accounts Receivable, Credit Revenue
Journal entry for expenses: Debit Expense, Credit Accounts Payable
Journal entry for depreciation: Debit Depreciation Expense, Credit Accumulated Depreciation
Journal entry for inventory: Debit Inventory, Credit Accounts Payable
(3 Questions)
- Q1. What is the definition of variance, and what is the formula used to calculate it?
- Ans.
Variance measures the spread of data points in a dataset from the mean.
Variance is a statistical measure that shows how much individual data points differ from the average of the dataset.
The formula to calculate variance is: Variance = Σ(xi - x̄)² / n, where xi is each data point, x̄ is the mean of the dataset, and n is the total number of data points.
Variance can be used to assess the consistency or variability of a d...
- Q2. What are the definitions of accruals and deferrals, and what are the corresponding journal entries for each?
- Ans.
Accruals and deferrals are accounting concepts used to recognize revenue and expenses in the period they are earned or incurred, regardless of when cash is exchanged.
Accruals involve recognizing revenue or expenses before cash is exchanged.
Deferrals involve recognizing revenue or expenses after cash is exchanged.
Accruals are recorded with a debit to an expense or asset account and a credit to a liability or revenue acc...
- Q3. Basic accounting terms and GAAP
Interview Preparation Tips
What people are saying about Genpact
renuka singh
(1 Question)
- Q1. What is budget and forecast
- Ans.
Budget is a financial plan for a specific period, while forecast is a prediction of future financial outcomes.
Budget is a detailed financial plan that outlines expected revenues and expenses for a specific period.
Forecast is a prediction of future financial outcomes based on past data and trends.
Budget helps in setting financial goals and allocating resources effectively.
Forecast helps in making informed decisions and ...
Genpact interview questions for designations
I applied via Job Portal
(2 Questions)
- Q1. Difference between Accruals and provisions?
- Ans.
Accruals are recognized revenues or expenses that have not yet been received or 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, such as warranties or legal claims.
Accruals are more ...
- Q2. Accruals are incurred expenses but unpaid. Provisions are possible expense from financial liabilities.
Interview Preparation Tips
Get interview-ready with Top Genpact Interview Questions
(1 Question)
- 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.
Recent graduate with a degree in Business Administration
Passionate about leadership and problem-solving
Experience in leading student organizations and managing projects
Management Trainee Jobs at Genpact
Venu Gopal Vutla
Selected
I appeared for an interview in Sep 2024, where I was asked the following questions.
- Q1. What is the accrual concept?
- Ans.
The accrual concept recognizes revenues and expenses when they occur, regardless of cash transactions.
Revenues are recorded when earned, not when cash is received. Example: A service provided in December is recorded in December, even if paid in January.
Expenses are recognized when incurred, not when paid. Example: A utility bill for December is recorded in December, even if paid in January.
This concept ensures that fin...
- Q2. What is the journal entry for the sale of fixed assets at a profit?
- Ans.
Journal entry for selling fixed assets at a profit involves recording the sale proceeds and removing the asset from the books.
Debit Cash/Bank for the sale proceeds received.
Debit Accumulated Depreciation to remove it from the books.
Credit Fixed Asset account to eliminate the asset's cost.
Credit Profit on Sale of Asset for the profit earned on the sale.
- Q3. What is the journal entry for prepaid expenses?
- Ans.
Prepaid expenses are payments made in advance for goods or services to be received in the future, recorded as assets.
Prepaid expenses are recorded as assets on the balance sheet.
When the expense is incurred, the prepaid amount is then expensed.
Example: If a company pays $1,200 for a one-year insurance policy, it records $1,200 as a prepaid expense.
Each month, the company will expense $100, reducing the prepaid asset ac
- Q4. What is the journal entry for expenses incurred
- Ans.
Journal entries for expenses reflect the costs incurred by a business, impacting both the expense and cash or liability accounts.
Expenses are recorded as debits in the expense account.
For example, if you incur a utility expense of $200, the entry would be: Debit Utility Expense $200.
The corresponding credit would typically be to Cash or Accounts Payable, depending on whether the expense was paid immediately or billed.
F...
- Q5. Explain the deferral concept
- Ans.
The deferral concept involves postponing the recognition of revenue or expenses until a future date.
Deferral is used in accounting to match revenues and expenses to the period they relate to.
Examples include prepaid expenses (like insurance) and unearned revenue (like advance payments for services).
Prepaid expenses are recorded as assets until they are used, then expensed over time.
Unearned revenue is recorded as a lia...
Selected
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.
(2 Questions)
- Q1. Accrued expenses vs prepaid expenses
- Ans.
Accrued expenses are expenses that have been incurred but not yet paid, while prepaid expenses are expenses that have been paid in advance but not yet incurred.
Accrued expenses are recorded when the expense is incurred, regardless of when it is paid.
Prepaid expenses are recorded when the payment is made, but the expense is not yet incurred.
Accrued expenses are typically associated with services received but not yet pai...
- Q2. Bank reconciliation statement formats
Interview Preparation Tips
Selected
I applied via Referral and was interviewed in Dec 2023. There was 1 interview round.
(3 Questions)
- Q1. Asked about PTP life cycle?
- Q2. Asked about SAP T codes used and explanation?
- Q3. What type of Monthly or weekly reports have been prepared?
- Ans.
Various monthly and weekly reports have been prepared to track performance and progress.
Sales reports to track revenue and sales performance
Financial reports to monitor expenses and budget
Inventory reports to manage stock levels
Employee performance reports to evaluate productivity
Customer feedback reports to assess satisfaction levels
Interview Preparation Tips
himanshu rajput
Interview Questionnaire
2 Questions
- Q1. CAPEX, ACCRUAL, PREPAYMENT
- Q2. Balance sheet, p&l, Cash flow, golden rule
Genpact Interview FAQs
The duration of Genpact Management Trainee interview process can vary, but typically it takes about less than 2 weeks to complete.
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Genpact Interviews By Designations
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Genpact Management Trainee Interview Process
based on 216 interviews
5 Interview rounds
- Resume Shortlist Round
- HR Round - 1
- One-on-one Round
- HR Round - 2
- Personal Interview1 Round
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Genpact Management Trainee Reviews and Ratings
based on 2.5k reviews
Rating in categories
|
Process Developer
36.6k
salaries
|  ₹1 L/yr - ₹6.8 L/yr |
|
Process Associate
28.1k
salaries
| ₹0.9 L/yr - ₹6.5 L/yr |
|
Assistant Manager
20.4k
salaries
| ₹4 L/yr - ₹14.6 L/yr |
|
Management Trainee
19.8k
salaries
| ₹1.6 L/yr - ₹11 L/yr |
|
Manager
7.5k
salaries
| ₹7 L/yr - ₹24 L/yr |
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