Golcha Group Senior Executive Interview Questions and Answers

PTP process stands for Procure-to-Pay process, which involves the steps from purchasing goods/services to making payment.

• PTP process starts with requisitioning of goods/services by a department.

• Next step involves obtaining quotes, selecting a vendor, and creating a purchase order.

• Goods/services are received, and invoices are matched with the purchase order.

• Payment is made to the vendor based on the invoice.

• The process ...read more

My strengths include strong analytical skills, attention to detail, and excellent communication abilities.

• Strong analytical skills - able to analyze complex financial data and identify trends

• Attention to detail - meticulous in reviewing financial reports and ensuring accuracy

• Excellent communication abilities - able to effectively communicate with clients and team members

Intercompany recharge is the process of one company billing another company within the same corporate group for shared services or expenses.

• Intercompany recharges are common in multinational corporations with multiple subsidiaries.

• It helps allocate costs accurately among different entities.

• Examples include charging for IT services, rent, or administrative support provided by one subsidiary to another.

Blackline reconciliation is a process used in accounting to ensure the accuracy of financial statements by comparing two sets of records.

• Blackline reconciliation involves comparing financial records from different sources to identify discrepancies or errors.

• It helps in ensuring the accuracy of financial statements and detecting any fraudulent activities.

• Automated tools like Blackline software are often used to streamli...read more

Managed complex accounting projects involving revenue recognition, mergers and acquisitions, and financial statement analysis.

• Led a team in implementing new revenue recognition standards, ensuring compliance with GAAP

• Managed the accounting aspects of a merger, including due diligence, purchase price allocation, and integration of financial systems

• Conducted detailed financial statement analysis to identify trends, varia

I have worked with SAP, Oracle, and Microsoft Dynamics ERP software.

• Experience with SAP ERP software

• Proficiency in Oracle ERP software

• Familiarity with Microsoft Dynamics ERP software

I measure team performance through a combination of KPIs, regular feedback sessions, and performance reviews.

• Establish key performance indicators (KPIs) to track team progress

• Conduct regular feedback sessions to address strengths and areas for improvement

• Schedule periodic performance reviews to evaluate individual and team achievements

• Utilize tools like balanced scorecards or dashboards to visualize performance data

I implemented process improvements and negotiated better vendor contracts to reduce costs.

• Identified inefficiencies in current processes and proposed solutions to streamline operations

• Negotiated with vendors to secure better pricing and terms for supplies and services

• Implemented cost-saving measures such as switching to more cost-effective suppliers or technologies

• Analyzed spending patterns and identified areas where c...read more

Preferred location is New York City and preferred joining date is within the next month.

• Preferred location: New York City

• Preferred joining date: Within the next month