Genpact
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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 ...
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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 ...
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I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.
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...
Genpact interview questions for designations
I applied via Referral and was interviewed in Dec 2023. There was 1 interview round.
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
Get interview-ready with Top Genpact Interview Questions
I applied via LinkedIn and was interviewed in Nov 2023. There was 1 interview round.
I applied via Recruitment Consulltant and was interviewed in Dec 2023. There were 2 interview rounds.
Depreciation is the decrease in value of tangible assets over time, while amortization is the decrease in value of intangible assets over time.
Depreciation applies to tangible assets like buildings, vehicles, and machinery.
Amortization applies to intangible assets like patents, copyrights, and trademarks.
Depreciation is calculated based on the asset's useful life and salvage value.
Amortization is calculated based on th...
A journal entry is made to record the sale of a fixed asset.
Debit the Cash or Accounts Receivable account for the amount received from the sale
Credit the Fixed Asset account for the original cost of the asset
Credit the Accumulated Depreciation account for the accumulated depreciation on the asset
Credit or debit any gain or loss on the sale of the asset
Example: Debit Cash $10,000, Credit Fixed Asset $15,000, Credit Accu
Reconciliation in accounting is the process of comparing two sets of records to ensure they are in agreement and accurate.
Reconciliation involves matching transactions in bank statements with the company's accounting records.
It helps identify discrepancies, errors, or fraud in financial records.
Common types of reconciliations include bank reconciliation, accounts receivable reconciliation, and accounts payable reconcil...
I was interviewed in Mar 2024.
P2P process involves matching purchase orders with invoices to ensure accuracy and prevent fraud.
2 way match involves matching the invoice to the purchase order to ensure the prices and quantities match.
3 way match involves matching the invoice to the purchase order and receiving report to ensure all three documents align.
PO invoices are matched against the purchase order, while Non-PO invoices are matched based on oth...
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The duration of Genpact Management Trainee interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 205 interviews
5 Interview rounds
based on 2.4k reviews
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Process Developer
36.3k
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| ₹1 L/yr - ₹6.8 L/yr |
Process Associate
28.1k
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| ₹0.9 L/yr - ₹6.5 L/yr |
Assistant Manager
19.9k
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| ₹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
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| ₹5.7 L/yr - ₹24 L/yr |
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