Lionsbot Interview Questions and Answers

Q1. Tell about your self
Ans. 
I am a detail-oriented and experienced Executive Accountant with a strong background in financial analysis and reporting.
• Over 8 years of experience in accounting and finance

• Proficient in financial analysis and reporting

• Strong attention to detail and accuracy

• Expertise in budgeting and forecasting

• Excellent communication and interpersonal skills
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Q2. What is bad debts
Ans. 
Bad debts are debts that are unlikely to be recovered by a company from its debtors.
• Bad debts are typically the result of customers who are unable or unwilling to pay their debts.

• Companies often write off bad debts as a loss on their financial statements.

• Bad debts can negatively impact a company's cash flow and profitability.

• Examples of bad debts include unpaid invoices, defaulted loans, and uncollectible receivables.
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Q3. What is prepaid expense
Ans. 
Prepaid expenses are expenses that have been paid for in advance but have not yet been incurred.
• Prepaid expenses are considered assets on the balance sheet until they are used up or expire.

• Common examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• Prepaid expenses are initially recorded as assets and then gradually expensed over time as they are used or consumed.
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Q1. Tell about yourself and your previous experience
Ans. 
I am a seasoned accountant with 10+ years of experience in financial reporting, analysis, and budgeting.
• 10+ years of experience in accounting

• Expertise in financial reporting, analysis, and budgeting

• Strong attention to detail and accuracy

• Proficient in using accounting software such as QuickBooks and SAP

• Managed a team of accountants in previous role
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Q2. Test the software knowledge like previous erp and excel
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Q1. To discuss about your salary and family details
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Unwanted assignment for an experienced people

Q1. Technical was quit easy if you prepared for the role
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Q1. Second level interview also easy and mostly based on people management
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Q1. This was the really worst part. No sync between HR and management. Whatever updated to HR team and other technical teams not reflected in this round.
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Q1. Tell me about yourself
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Q1. Tell me about urself
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