Genpact Management Trainee Interview Questions, Process, and Tips

Q1. Question related to hr and past experience. It is a screening round
Add your answer

Q1. Question related to accounts, AR AP, RECONCILIATION PROCESS, ICB entry, account entries. It took almost more than 30 mints. Plenty of questions were asked
Add your answer

Q1. This round is related to software knowledge, SAP, ORACLE, BLACKLINE TOOL.
Add your answer

Q1. What do you mean by OTC AR
Ans. 
OTC AR stands for Over-the-Counter Accounts Receivable.
• OTC AR refers to the money owed to a company for products or services that are sold directly to customers without involving insurance or third-party payers.

• It includes payments made by customers for over-the-counter medications, health supplements, beauty products, etc.

• Unlike insurance claims, OTC AR is typically paid by customers directly at the time of purchase.

• M...read more
Answered by AI
Add your answer
Q2. Relevent experience
Add your answer

Q1. 12 minutes of chat in english on any topic , the point ia to determine your seaking Confident
Add your answer

Q1. All things related to AR OTC
Add your answer

55 questions in 55 minutes

Q1. What is the p2p cycle
Ans. 
The P2P cycle refers to the Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.
• The cycle starts with the need for goods or services, followed by requisitioning, approval, purchase order creation, receipt of goods, invoice processing, and payment.

• It involves multiple departments such as procurement, finance, and accounts payable.

• Efficient P2P cycle management can help streamline op...read more
Answered by AI
Add your answer

Q1. What is the salrary expectations
Ans. 
My salary expectations are negotiable and dependent on the overall compensation package offered.
• Express willingness to negotiate based on the overall compensation package

• Avoid giving a specific number unless pressed for one

• Research industry standards and company norms to have a general idea
Answered by AI
Add your answer

Q1. 1. What is depreciation, amortization & impairment 2. What is G.P & EBIT 3. Some questions related to journal entries and inter company reconciliation s
Ans. 
Depreciation, amortization, impairment, G.P, EBIT, journal entries, and intercompany reconciliation explained.
• Depreciation is the allocation of the cost of tangible assets over their useful life.

• Amortization is the allocation of the cost of intangible assets over their useful life.

• Impairment is a reduction in the value of an asset due to a permanent decrease in its value.

• Gross Profit (G.P) is the difference between rev...read more
Answered by AI
Add your answer
Q2. How you will record inter company transactions
Ans. 
Intercompany transactions are recorded using intercompany accounts to eliminate double counting and ensure accurate financial reporting.
• Create intercompany accounts for each entity involved in the transaction

• Record the transaction in the respective intercompany accounts

• Ensure that the total intercompany transactions balance out to zero

• Use elimination entries to remove intercompany transactions from consolidated financi
Answered by AI
Add your answer
Q3. How you will reconcile fixed assets
Ans. 
Reconciling fixed assets involves verifying the accuracy of the fixed asset register with physical assets and financial records.
• Perform a physical inventory count of fixed assets to ensure they match the records

• Compare the fixed asset register with financial statements to identify any discrepancies

• Investigate any differences found and make necessary adjustments

• Update the fixed asset register with any changes made durin
Answered by AI
Add your answer

Q1. It was all about your previous role and responsibilities
Add your answer

Q1. Why do want join us ?
Add your answer

Q1. What u done last process?
Add your answer