10+ Cholamandalam Investment & Finance Interview Questions and Answers

P2P Cycle is the process of procuring goods or services from a supplier and paying for them.

• The process starts with identifying the need for goods or services.

• Then, a purchase order is created and sent to the supplier.

• The supplier delivers the goods or services and sends an invoice.

• The invoice is matched with the purchase order and goods receipt.

• The invoice is approved for payment and payment is made to the supplier.

• Finally, the payment is reconciled with the accounts payable...read more

Bill To Ship To model is a business model where the billing address and shipping address are different.

• It is commonly used in e-commerce and wholesale businesses.

• The buyer provides the billing address and the seller ships the product to a different address provided by the buyer.

• It is useful for gifting purposes or when the buyer wants to ship the product to a different location.

• It requires additional documentation and verification to prevent fraud.

• It can also be used in drops...read more

TDS stands for Total Dissolved Solids.

• It refers to the amount of inorganic and organic substances present in a liquid.

• It is commonly used in water quality testing to determine the purity of water.

• TDS can affect the taste, appearance, and safety of drinking water.

• Examples of dissolved solids include minerals, salts, metals, and organic compounds.

We would manually enter the invoice details into the computer system to ensure accurate record-keeping.

• Manually enter the invoice details into the computer system

• Verify the accuracy of the entered information

• Contact the vendor to address any discrepancies

There are three types of GST in India: CGST, SGST, and IGST.

• CGST (Central Goods and Services Tax) is levied by the central government on intra-state supplies of goods and services.

• SGST (State Goods and Services Tax) is levied by the state government on intra-state supplies of goods and services.

• IGST (Integrated Goods and Services Tax) is levied by the central government on inter-state supplies of goods and services.

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.

• Reconciliation involves verifying financial transactions, balances, or statements to ensure they match up.

• It is commonly used in accounting to ensure that the company's financial records are accurate and complete.

• Examples include reconciling bank statements with internal records, reconciling accounts receivable with customer payments, and reconciling inventory counts wi...read more

Expectation regarding slurry is to have a consistent and well-mixed texture for optimal performance.

• Expect slurry to have a smooth and uniform consistency.

• Ensure slurry is well-mixed to prevent any separation of components.

• Expect slurry to be free of any lumps or clumps.

• Consistency of slurry should be suitable for the intended application.

• Monitor slurry viscosity to ensure it meets desired specifications.

I am interested in accounts receivable process because of my strong analytical skills and passion for financial management.

• I have a strong background in finance and accounting, making me well-suited for accounts receivable responsibilities.

• I enjoy analyzing financial data and identifying trends to improve cash flow and reduce outstanding balances.

• I am detail-oriented and organized, which are essential qualities for managing accounts receivable efficiently.

• I am motivated by th...read more

IT sector focuses on technology and software development, while finance department deals with managing financial resources and investments.

• IT sector involves developing and maintaining technology systems and software applications.

• Finance department is responsible for managing financial resources, budgeting, forecasting, and investments.

• IT sector employees typically have technical skills in programming, networking, and cybersecurity.

• Finance department employees often have expe...read more

Accounts payable department is responsible for managing and processing all outgoing payments to vendors and suppliers.

• Responsible for recording and tracking all invoices received from vendors

• Ensures timely payment to vendors to maintain good relationships

• Processes employee expense reports and reimbursements

• Reconciles accounts payable transactions with vendor statements

• Manages vendor relationships and negotiates payment terms

Yes, I can work under pressure.

• I thrive in high-pressure situations and remain calm and focused.

• I prioritize tasks effectively to meet deadlines.

• I have experience handling stressful situations in my previous role as an HR intern.

• I can provide examples of successfully managing multiple projects simultaneously under tight deadlines.