Invesco Interview Questions, Process, and Tips

Aptitude test was easy compared to other companies, followed by a technical round which I found a bit difficult to pass.

Q1. What is deferred revenue, write its journal entry
Ans. 
Deferred revenue is revenue received in advance before it is earned, resulting in a liability on the balance sheet.
• Deferred revenue is also known as unearned revenue.

• Journal entry for deferred revenue: Debit Cash (or Accounts Receivable) and Credit Deferred Revenue.

• As the revenue is earned, the deferred revenue is recognized as revenue on the income statement.

• Common examples include magazine subscriptions, annual maint
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Q2. Appreciation of Machinery
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Q1. Sql basic and java
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Q2. Automation selenium behaviour questions
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Q1. Po reconciliation and Ap related
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Q2. Accruals and journal posting
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Q1. What is Swift? What is corporate action and explain its types with example.
Ans. 
Swift is a messaging network used by financial institutions for secure and efficient communication. Corporate actions are events initiated by a company that impact its shareholders.
• Swift is a global messaging network used by banks and financial institutions to securely exchange information and instructions.

• Corporate actions are events initiated by a company that impact its shareholders, such as dividends, stock splits,...read more
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Q2. Could you provide a few examples of cash breaks?
Ans. 
Cash breaks are discrepancies in the amount of cash recorded in the system compared to the actual cash on hand.
• Cash drawer being short or over at the end of a shift

• Incorrect change given to a guest resulting in a cash break

• Miscounting cash during a transaction
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