Grant Thornton Bharat Strategy Consultant Interview Questions and Answers

P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.

• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods,...read more

A ghost employee is a fictitious employee created by someone to embezzle funds from a company.

• Ghost employees may have fake identities and bank accounts.

• They may receive paychecks without actually working for the company.

• To identify ghost employees, cross-check employee records with HR and payroll data.

• Look for discrepancies in employee attendance, performance, and salary payments.

• Conduct regular audits and reviews of

Perform various checks on purchase order data dump

• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures

Valuations can be of various types depending on the purpose and method used.

• Asset-based valuation

• Market-based valuation

• Income-based valuation

• Liquidation valuation

• Replacement cost valuation

Equity represents ownership in a company, while enterprise value represents the total value of a company.

• Equity is the residual interest in the assets of a company after liabilities are paid off

• Enterprise value is the sum of equity, debt, minority interest, and preferred stock minus cash and cash equivalents

• Equity is used to calculate metrics such as return on equity and price-to-book ratio

• Enterprise value is used to c...read more

Comparable company analysis compares multiples of similar public companies while comparable transaction analysis compares multiples of similar M&A deals.

• Comparable company analysis is based on multiples of similar public companies

• Comparable transaction analysis is based on multiples of similar M&A deals

• Comparable company analysis is more commonly used

• Comparable transaction analysis is more accurate but harder to find d...read more

RTR stands for Ready to Run and PTP stands for Precision Time Protocol.

• RTR is a term used in the automotive industry to describe a car that is ready to be driven off the lot without any additional modifications.

• PTP is a protocol used to synchronize clocks in a network.

• PTP is often used in industrial automation and control systems.

• RTR and PTP are not directly related, but both are important in their respective fields.