HTIC Global Insurance Consultant Interview Questions and Answers

Q1. In depth details for the experience mentioned on CV
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Q1. About my previous profile
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Q1. What is process of accounting What are account receivable and accounts payable What is holding and subsidiaries companies
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions, summarizing them in financial statements, analyzing the data, and reporting the results.

• Accounts receivable are amounts owed to a company by customers for goods or services provided. Accounts payable are amounts owed by a company to suppliers for goods ...read more
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Q2. What is depreciation methods and
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Depreciation methods are techniques used to allocate the cost of a tangible asset over its useful life.
• Depreciation methods include straight-line, double declining balance, units of production, and sum of the years' digits.

• Straight-line method evenly spreads the cost of an asset over its useful life.

• Double declining balance method accelerates depreciation in the early years of an asset's life.

• Units of production method...read more
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Q1. What are accounting standards
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Accounting standards are guidelines and rules set by regulatory bodies to ensure consistency and transparency in financial reporting.
• Accounting standards dictate how financial transactions should be recorded, reported, and disclosed in financial statements.

• They help ensure that financial information is accurate, reliable, and comparable across different organizations.

• Examples of accounting standards include GAAP (Gener...read more
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Q2. What are ifrs
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IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).
• IFRS are a set of accounting standards used globally to ensure consistency and transparency in financial reporting.

• IFRS are principles-based, meaning they provide guidelines rather than specific rules.

• IFRS are designed to provide a common language for businesses to ...read more
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Subject related questions

Based on General topic

Q1. Question based on resume and general questions
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Q2. How efficient in tally
Ans. 
I am highly efficient in using Tally for accounting purposes.
• Proficient in data entry and reconciliation in Tally software

• Able to generate financial reports and analyze data accurately

• Experience in setting up and customizing Tally accounts for specific business needs
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Q3. Questions related to company
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Guesstimate given, brief about past experience, financial questions

Q1. SAP T code for accounts payable
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SAP T code for accounts payable is F-43.
• The SAP T code for accounts payable is F-43.

• F-43 is used for posting a vendor invoice.

• It allows users to enter and post invoices in the accounts payable module.
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Q1. Salary Expectation, previous organisation work details
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Q1. Accrual, Defferal, IUT Entries, BRS
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Q2. Cash Flows , MIS
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Q1. General Question
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Q2. Depends on the Interviewer
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