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I applied via Approached by Company and was interviewed in May 2024. There were 2 interview rounds.
The life cycle of an asset refers to the stages it goes through from acquisition to disposal.
Acquisition: The asset is obtained and put into use.
Utilization: The asset is used for its intended purpose.
Maintenance: Regular maintenance and repairs are performed to ensure optimal performance.
Depreciation: The asset loses value over time due to wear and tear.
Disposal: The asset is either sold, scrapped, or otherwise dispos...
Depreciation is for tangible assets like buildings and machinery, while amortization is for intangible assets like patents and copyrights.
Depreciation is the allocation of the cost of tangible assets over their useful life.
Amortization is the allocation of the cost of intangible assets over their useful life.
Depreciation is typically used for assets like buildings, machinery, and vehicles.
Amortization is typically used...
Asset under construction refers to assets that are being constructed or developed but are not yet completed and ready for use.
Assets under construction are not yet in use and are still being developed or built.
These assets are typically recorded as a separate category on the balance sheet until they are completed and ready for use.
Examples include buildings, machinery, and infrastructure projects that are still in the
Asset revaluation is the process of adjusting the value of assets on a company's balance sheet to reflect their current market value.
Asset revaluation is typically done to ensure that the assets are not carried on the balance sheet at a value that is significantly different from their current market value.
Revaluation can result in an increase or decrease in the value of assets, which can impact the company's financial ...
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I applied via Referral and was interviewed in Oct 2023. There was 1 interview round.
The accounting cycle is the process of recording, summarizing, and analyzing financial transactions of a business.
The accounting cycle typically includes steps such as journalizing transactions, posting to the general ledger, preparing trial balances, adjusting entries, preparing financial statements, and closing entries.
P2P cycle refers to the procure-to-pay process, which involves purchasing goods or services, receiv...
Rio Tinto interview questions for popular designations
I applied via Approached by Company and was interviewed in Jul 2023. There were 3 interview rounds.
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I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
Discussed related to hr compliance and case management
I applied via Job Portal and was interviewed in Apr 2023. There were 3 interview rounds.
My strengths include strong analytical skills, attention to detail, and excellent communication abilities.
Strong analytical skills - able to analyze complex financial data and identify trends
Attention to detail - meticulous in reviewing financial reports and ensuring accuracy
Excellent communication abilities - able to effectively communicate with clients and team members
Intercompany recharge is the process of one company billing another company within the same corporate group for shared services or expenses.
Intercompany recharges are common in multinational corporations with multiple subsidiaries.
It helps allocate costs accurately among different entities.
Examples include charging for IT services, rent, or administrative support provided by one subsidiary to another.
Blackline reconciliation is a process used in accounting to ensure the accuracy of financial statements by comparing two sets of records.
Blackline reconciliation involves comparing financial records from different sources to identify discrepancies or errors.
It helps in ensuring the accuracy of financial statements and detecting any fraudulent activities.
Automated tools like Blackline software are often used to streamli...
I was interviewed before Feb 2024.
Managed complex accounting projects involving revenue recognition, mergers and acquisitions, and financial statement analysis.
Led a team in implementing new revenue recognition standards, ensuring compliance with GAAP
Managed the accounting aspects of a merger, including due diligence, purchase price allocation, and integration of financial systems
Conducted detailed financial statement analysis to identify trends, varia
I have worked with SAP, Oracle, and Microsoft Dynamics ERP software.
Experience with SAP ERP software
Proficiency in Oracle ERP software
Familiarity with Microsoft Dynamics ERP software
I measure team performance through a combination of KPIs, regular feedback sessions, and performance reviews.
Establish key performance indicators (KPIs) to track team progress
Conduct regular feedback sessions to address strengths and areas for improvement
Schedule periodic performance reviews to evaluate individual and team achievements
Utilize tools like balanced scorecards or dashboards to visualize performance data
I implemented process improvements and negotiated better vendor contracts to reduce costs.
Identified inefficiencies in current processes and proposed solutions to streamline operations
Negotiated with vendors to secure better pricing and terms for supplies and services
Implemented cost-saving measures such as switching to more cost-effective suppliers or technologies
Analyzed spending patterns and identified areas where c...
Preferred location is New York City and preferred joining date is within the next month.
Preferred location: New York City
Preferred joining date: Within the next month
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The duration of Rio Tinto interview process can vary, but typically it takes about 2-4 weeks to complete.
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