Genpact Senior Manager Interview Questions, Process, and Tips

Q1. Describe me the revenue recognition model
Ans. 
Revenue recognition model is a set of guidelines for when and how revenue should be recognized in financial statements.
• Revenue is recognized when it is earned, not necessarily when cash is received.

• It should be realized or realizable and earned.

• There are different methods like percentage of completion, completed contract, and sales basis.

• GAAP and IFRS have specific rules for revenue recognition.

• Example: Subscription se...read more
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Q2. Stakeholder management
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Good interview, It was more on aptitude

Discuss around todays AI culture

Q1. Accounting for discount provided
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Q2. Accounting for prepaid
Ans. 
Prepaid expenses are costs that have been paid in advance but have not yet been incurred.
• Prepaid expenses are recorded as assets on the balance sheet until they are used up or expire.

• Common examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• To account for prepaid expenses, they are initially recorded as a debit to a prepaid expense asset account and a credit to cash or accounts pay...read more
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Q3. IFRS application
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Q1. Salary negotiation
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Q1. Explain IFRS in detail
Ans. 
IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).
• IFRS is a globally accepted set of accounting standards used for financial reporting.

• It aims to provide a common language for companies to communicate their financial information.

• IFRS covers a wide range of topics including revenue recognition, financial instruments...read more
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Q1. Explain accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Follows Generally Accepted Accounting Principles (GAAP)

• Examples: preparing balance sheets, income statements, cash
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Q1. Explain accounting and finance
Ans. 
Accounting involves recording, summarizing, and analyzing financial transactions, while finance focuses on managing assets and liabilities.
• Accounting involves recording financial transactions, preparing financial statements, and analyzing financial data.

• Finance focuses on managing assets and liabilities, making investment decisions, and analyzing financial risks.

• Accounting provides information for decision-making, whil...read more
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Q1. Sql r Python sas
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Q1. Soft skill, behaviour, management, business
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Q1. Questions related to previous Experience. Was asked to prepare Case Study and Presentation for a topic given by them. Was given 1 week time to prepare the presentation.
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Q1. The Panel did not turn up.HR apologized and rescheduled the interview.
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Presented the case study.
Some technical questions on the presentation.

Q1. Interview with AVP. Questions on Resume and confirmation on role.
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