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I create various change strategies by analyzing the current situation, setting clear goals, involving stakeholders, and implementing a structured plan.
Analyze the current situation and identify areas that need improvement
Set clear and achievable goals for the change process
Involve key stakeholders in the decision-making process to ensure buy-in and support
Develop a structured plan with specific actions, timelines, and ...
I manage resistance by addressing concerns, building trust, and involving stakeholders in decision-making.
Address concerns and fears openly and transparently
Build trust through effective communication and relationship-building
Involve stakeholders in decision-making to increase buy-in and ownership
Provide clear rationale and benefits of proposed changes
Offer training and support to help stakeholders adapt to changes
I applied via Naukri.com and was interviewed in Sep 2024. There was 1 interview round.
Accrual entries are used to record revenue or expenses when they are earned or incurred, regardless of when cash is exchanged.
Accrual entries are made to match revenues and expenses with the period in which they are incurred, rather than when cash is received or paid.
They involve recording revenue when it is earned and expenses when they are incurred, even if cash has not yet been exchanged.
Accrual entries help provide...
Prepaid entries are recorded in advance but have an effect on financial statements when the service is actually provided.
Prepaid entries involve recording an expense or revenue before it is actually incurred or earned.
They are initially recorded as assets or liabilities on the balance sheet.
When the service is provided, the prepaid entry is then recognized as an expense or revenue on the income statement.
Examples inclu...
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I applied via Referral and was interviewed in Jun 2024. There were 2 interview rounds.
New product launch scenario
Genpact interview questions for designations
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...
Get interview-ready with Top Genpact Interview Questions
I applied via Naukri.com and was interviewed in Aug 2024. There were 2 interview rounds.
Good interview, It was more on aptitude
Discuss around todays AI culture
I applied via Approached by Company and was interviewed in Mar 2024. There were 2 interview rounds.
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...
I applied via Job Portal
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...
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
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...
I applied via Naukri.com and was interviewed in Oct 2022. There were 5 interview rounds.
Presented the case study.
Some technical questions on the presentation.
Some of the top questions asked at the Genpact Senior Manager interview -
based on 22 interviews
4 Interview rounds
based on 389 reviews
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