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Olam Specialist Interview Questions, Process, and Tips
Olam Specialist Interview Experiences
1 interview found
Anonymous
I applied via Naukri.com and was interviewed in Feb 2021. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Can you add interest to inventory ?
- Ans.
Yes, interest can be added to inventory through various means.
Interest can be added to inventory by offering promotions or discounts to attract customers.
Introducing new and trendy products can generate interest and increase demand for inventory.
Creating visually appealing displays and arranging inventory in an attractive manner can attract customers.
Providing excellent customer service and personalized recommendations...
- Q2. Why we do accruals?what happens if we skip accruals?
- Ans.
Accruals are necessary for accurate financial reporting and to match expenses with revenues.
Accruals help in recognizing expenses and revenues in the period they occur, rather than when cash is received or paid.
They ensure that financial statements reflect the true financial position and performance of a company.
Skipping accruals can lead to distorted financial statements and misrepresentation of financial results.
With...
- Q3. What is Trial Balance? What happens if don't prepare it?
- Ans.
Trial Balance is a statement that lists all the ledger balances to ensure they are in balance.
Trial Balance is prepared to check the accuracy of the accounting records.
It lists all the debit and credit balances of the ledger accounts.
If the Trial Balance doesn't balance, it indicates errors in the accounting records.
Errors can include incorrect postings, omissions, or mistakes in calculations.
If Trial Balance is not pr...
- Q4. How inventory is being valued? Can factory cast added to inventory ?
- Ans.
Inventory is valued based on the cost of acquiring or producing the items. Factory cost can be added to inventory.
Inventory is typically valued using one of the following methods: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Weighted Average Cost.
The cost of acquiring or producing the items, including any direct costs (such as purchase price or production costs) and indirect costs (such as transportation o...
Interview Preparation Tips
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Interview questions from similar companies
I applied via Naukri.com and was interviewed before Apr 2022. There were 2 interview rounds.
(2 Questions)
- Q1. About yourself & work
- Q2. Work experience , previous company work role etc
Interview Preparation Tips
(3 Questions)
- Q1. Share details of your previous job.
- Q2. What are your strengths and weaknesses?
- Q3. Tell me about yourself.
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Nov 2021. There were 3 interview rounds.
Basic Accounting questions and analytical questions
(2 Questions)
- Q1. Journal entries, Accrualss, Deferred revenue
- Q2. What is deferred revenue
- Ans.
Deferred revenue is an accounting term that refers to revenue that has been received but not yet earned.
Deferred revenue is also known as unearned revenue.
It is common in subscription-based businesses where customers pay in advance for services that will be provided over time.
The revenue is recognized as earned revenue over the period of time that the service is provided.
Deferred revenue is recorded as a liability on t...
Interview Preparation Tips
(1 Question)
- Q1. General Discussion
(2 Questions)
- Q1. Previous work experience
- Ans.
I have 5 years of experience in marketing and sales.
Worked as a Marketing Executive at XYZ Company for 2 years
Managed a team of 5 sales representatives at ABC Company for 3 years
Achieved 20% increase in sales revenue in the first year at ABC Company
Developed and implemented successful marketing campaigns for multiple products
- Q2. What you have worked and ERP knowledge
- Ans.
I have worked extensively with ERP systems and have a strong knowledge of their functionality.
I have experience working with SAP, Oracle, and Microsoft Dynamics ERP systems.
I have worked on implementing ERP systems for clients in various industries such as manufacturing, healthcare, and retail.
My knowledge of ERP systems includes modules such as finance, supply chain management, and human resources.
I have also provided...
Selected
I applied via Company Website and was interviewed in Oct 2023. There were 3 interview rounds.
(1 Question)
- Q1. About my experience
(1 Question)
- Q1. Questions related to accounting, cas application
Interview Preparation Tips
(1 Question)
- Q1. Depending on the role?
I applied via Referral and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. About previous company
- Q2. Experience you handled
- Q3. Gl related questions
Interview Preparation Tips
I applied via Naukri.com and was interviewed in May 2021. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Accounting basics and also about process related
- Q2. Lease account IFRS 16
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed before Dec 2020. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Most of questions from Outlook
- Q2. What is smps.why we used
- Ans.
SMPS stands for Switched Mode Power Supply. It is used to convert AC voltage to DC voltage.
SMPS is a power supply unit that uses switching devices to convert AC voltage to DC voltage.
It is used in electronic devices such as computers, televisions, and audio equipment.
SMPS is more efficient than traditional linear power supplies.
It can provide a stable output voltage even with varying input voltage.
SMPS can be designed ...
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Olam Specialist Reviews and Ratings
based on 4 reviews
Rating in categories
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101
salaries
|  ₹0 L/yr - ₹0 L/yr |
|
Deputy Manager
93
salaries
| ₹0 L/yr - ₹0 L/yr |
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Specialist
91
salaries
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Senior Associate
90
salaries
| ₹0 L/yr - ₹0 L/yr |
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Senior Specialist
64
salaries
| ₹0 L/yr - ₹0 L/yr |
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