Rio Tinto Interview Questions, Process, and Tips

Q1. What is accounting cycle P2p cycle Fixed asset process flow Chart of accouts Journal entries
Ans. 
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...read more
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Q2. Logcal thinking People management Team player
Ans. Work with dedication to get result not just for the sake of completion of work.
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Q3. Situation based scenario
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Q4. Handling the pressure
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Q5. Ready to help team member always
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Q1. They took a technical test for basic accounting skill and also take one email writing.
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Q2. Basic accounting knowledge test
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Q3. Email writing for the response from client
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Q1. Overall they asked me about my current profile in detail some of they asked accounting questions.
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Discussed related to hr compliance and case management

Q1. Self introduction
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Q2. About Experience
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Q1. Tell me about yourself
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Q2. What are your strenths
Ans. 
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
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Q1. What is intercompany recharge
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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.
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Q2. What is Blackline reconciliation
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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...read more
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Q3. What is your greatest acheivements
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Q1. Can you describe the challenging accounting projects you have managed?
Ans. 
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
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Q2. What ERP software have you worked with?
Ans. 
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
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Q1. What is your approach to measuring team performance?
Ans. 
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
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Q2. Can you describe how you contributed to reducing costs within the company?
Ans. 
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...read more
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Q1. Salary discussion and negotiations
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Q2. Preferred location and joining date
Ans. 
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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Q1. 2nd Round is also good they aske 10 to 12 questions from Accounting then told me please wait out people will assist you for further there after some one come and told me please wait after 15 minutes says t...read more
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Q2. Depreciation & Amortization etc
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