SBI Life Insurance Company Accountant Interview Questions and Answers

Q1. Procure to pay cycle in detail
Ans. 
The procure to pay cycle is the process of obtaining goods or services from a vendor, receiving and approving the invoice, and making payment.
• Procurement: Identifying the need for goods or services and selecting a vendor.

• Purchase Order: Creating a purchase order detailing the goods or services to be procured.

• Receipt of Goods/Services: Receiving the goods or services and verifying them against the purchase order.

• Invoice...read more
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4 part in aptitude english, logical, insurance, accounting

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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Q1. What account rules
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Account rules refer to the guidelines and principles that govern the recording and reporting of financial transactions in an organization.
• Account rules dictate how transactions are classified and recorded in financial statements

• They ensure consistency and accuracy in financial reporting

• Examples include the matching principle, revenue recognition principle, and historical cost principle
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Logical reasoning
Maths
Finance
Risk modelling

Q1. Brief description about yourself
Ans. 
Experienced accountant with a strong background in financial analysis and reporting.
• Over 5 years of experience in accounting roles

• Proficient in financial software such as QuickBooks and SAP

• Strong analytical skills and attention to detail

• Managed budgeting and forecasting processes

• Bachelor's degree in Accounting from XYZ University
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Q2. What do you know about pnb met life
Ans. 
PNB MetLife is a leading life insurance company in India.
• PNB MetLife is a joint venture between Punjab National Bank and MetLife International Holdings.

• It offers a range of insurance products including term insurance, health insurance, and retirement plans.

• PNB MetLife has a strong presence in the Indian insurance market and is known for its customer-centric approach.

• The company has won several awards for its innovative...read more
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Q1. Why should we hire you?
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Q2. Tell me about yourself
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