Genpact Senior Process Associate Interview Questions, Process, and Tips for Experienced

Genpact is a global professional services firm that provides business process outsourcing and digital transformation services.

• Global professional services firm

• Specializes in business process outsourcing

• Offers digital transformation services

• Headquartered in New York, USA

• Operates in various industries such as banking, healthcare, and manufacturing

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

• Accounting involves recording financial transactions of a business.

• Golden rules of accounting include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• Accounting helps in summarizing and analyzing financial data to make inf...read more

Financial statements include income statement, balance sheet, cash flow statement, and statement of changes in equity.

• Income statement shows company's revenues and expenses over a period of time.

• Balance sheet shows company's assets, liabilities, and shareholders' equity at a specific point in time.

• Cash flow statement shows how cash and cash equivalents have moved in and out of the company.

• Statement of changes in equity...read more

In my previous organization, I was responsible for managing end-to-end process operations, ensuring quality and efficiency.

• Managed process operations from start to finish

• Ensured quality standards were met

• Optimized processes for efficiency

• Trained and supervised team members

• Collaborated with other departments for seamless workflow

I left my previous job to seek new challenges and opportunities for growth in a more dynamic environment.

• Desire for professional growth: I felt I had reached a plateau in my previous role and wanted to expand my skill set.

• Seeking new challenges: I was looking for a position that would push me out of my comfort zone and allow me to tackle complex problems.

• Company culture: I wanted to work in an environment that aligns m...read more

An invoice is a document that lists the products or services provided by a seller to a buyer, along with the cost and payment terms.

• An invoice serves as a request for payment from the buyer to the seller.

• It typically includes details such as the quantity, description, price, and total amount due for the products or services.

• Invoices are used in business transactions to keep track of sales and payments.

• They may also inc...read more

A Purchase Order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

• A Purchase Order is a legally binding document

• It specifies the details of the products or services being purchased

• It includes quantities, prices, delivery dates, and terms of payment

• It serves as a record of the transaction between the buyer and seller

• Examples: PO#1234 for 100 units of P...read more

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

• It is recorded as a liability on the company's balance sheet.

• Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

• Examples of accounts payable include invoices from su...read more

There are two types of accounts - Personal and Impersonal. The Golden Rule of Accounts states that Debit what comes in, Credit what goes out.

• Types of accounts: Personal (e.g. Capital, Drawings) and Impersonal (e.g. Cash, Furniture)

• Golden Rule of Accounts: Debit the receiver, Credit the giver (e.g. Debiting Cash when it comes into the business, Crediting Sales when goods are sold)