Protiviti India Member Interview Questions, Process, and Tips

Month end process refers to the activities and tasks that need to be completed at the end of each month to ensure accurate financial reporting.

• Closing financial books for the month

• Reconciling accounts

• Preparing financial statements

• Reviewing financial performance

• Analyzing variances

• Posting adjusting entries

• Ensuring compliance with regulations

• Communicating results to stakeholders

Reconciliation is the act of making two or more things compatible or consistent with each other.

• Reconciliation involves resolving conflicts or differences between parties.

• It can also refer to the process of balancing financial accounts to ensure accuracy.

• Examples include reconciling bank statements, reconciling relationships after a disagreement, and reconciling conflicting beliefs or values.

To settle an open item, review the details, communicate with stakeholders, and take necessary actions.

• Review the open item and gather all relevant information

• Communicate with stakeholders to clarify any discrepancies or issues

• Take necessary actions to resolve the open item, such as making adjustments or corrections

• Document the resolution and follow up to ensure it is properly settled

Accrual entries are posted to match revenues and expenses in the period they are incurred, regardless of when cash is exchanged.

• Accrual entries help in matching revenues and expenses in the same period

• They ensure financial statements reflect the true financial position of a company

• Accrual accounting follows the matching principle

• Example: Accrued salaries expense recognizes the cost of employee salaries earned but not y

Experienced executive assistant with strong organizational skills and attention to detail.

• Over 5 years of experience supporting C-level executives

• Proficient in calendar management, travel coordination, and meeting planning

• Excellent communication and interpersonal skills

• Ability to prioritize tasks and work efficiently under pressure

RCM stands for Reliability Centered Maintenance. It is a maintenance strategy that prioritizes maintenance tasks based on their impact on equipment reliability.

• RCM is a systematic approach to maintenance planning that aims to optimize maintenance resources and minimize downtime.

• It involves analyzing equipment failure modes and determining the most effective maintenance tasks to prevent or mitigate those failures.

• RCM ca...read more

Double invoices can be identified through a thorough review of vendor invoices and payment records.

• Compare vendor invoices against payment records to identify duplicates

• Look for invoices with the same invoice number or date

• Check for invoices with the same amount or description

• Review payment records for any duplicate payments to vendors

• Utilize software or tools that can flag potential duplicates

• Perform regular audits to...read more

I have experience in RCM and identifying risks and double payments to vendors.

• RCM stands for Revenue Cycle Management, which involves managing the financial aspects of healthcare services.

• To identify risks, I use various techniques such as risk assessment, data analysis, and stakeholder interviews.

• To identify double payments to vendors, I review financial records, invoices, and payment history for discrepancies.

• I also ...read more