Johnson Controls Assistant Manager Interview Questions, Process, and Tips

Q1. Tell me about your current process and your roll?
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Q2. Wha do you know about Intercompany?
Ans. 
Intercompany refers to transactions that occur between two or more entities within the same company or corporate group.
• Intercompany transactions are common in multinational corporations to transfer goods, services, or funds between subsidiaries.

• These transactions must be recorded accurately to ensure proper financial reporting and compliance with tax regulations.

• Intercompany eliminations are necessary to avoid double c...read more
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Q3. What kind of variance do you see while doing Intercompany reconciliation?
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Variances in Intercompany reconciliation can arise due to differences in accounting methods, timing of transactions, currency exchange rates, and intercompany agreements.
• Differences in accounting methods used by different entities within the same company

• Timing discrepancies in recording transactions between intercompany entities

• Currency exchange rate fluctuations affecting the value of intercompany transactions

• Lack of ...read more
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Q4. Wha is purchase and sale JE?
Ans. 
Purchase and sale JE refers to the journal entries made to record the purchase and sale of goods or services in a business.
• Purchase JE records the purchase of goods or services, typically debiting an inventory account and crediting accounts payable.

• Sale JE records the sale of goods or services, typically debiting accounts receivable and crediting sales revenue.

• These journal entries are essential for accurately tracking...read more
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Q5. Is Stock in transit record in BS?
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Yes, stock in transit is recorded in the balance sheet.
• Stock in transit is considered as part of inventory and is recorded in the balance sheet under current assets.

• It represents goods that have been shipped but have not yet reached their final destination.

• The value of stock in transit is included in the total inventory value on the balance sheet.
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Q6. Why do you want to change you current company?
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Q7. What type of ERP do you have worked previously?
Ans. 
I have worked with SAP ERP in my previous role as Assistant Manager.
• Implemented SAP ERP system to streamline business processes

• Trained team members on how to use SAP ERP for inventory management

• Generated reports and analyzed data using SAP ERP

• Collaborated with IT department to customize SAP ERP to meet specific business needs
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Q1. Senerio based questions as per the process. Brief about yourself.
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Q1. Full form of DSO
Ans. 
Days Sales Outstanding
• DSO is a financial metric used to measure the average number of days a company takes to collect revenue after a sale.

• It is calculated by dividing accounts receivable by total credit sales and multiplying by the number of days in the period.

• A lower DSO indicates that a company is collecting payments more quickly, while a higher DSO may indicate potential cash flow issues.
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Grammatical test based on correction of sentences

Q1. Basic questions like tell me about yourself
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