SBI Life Insurance Company Accountant Interview Questions and Answers for Experienced

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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One topic choose and give speech

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
Ans. 
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. 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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Q1. Why should we hire you?
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Q2. Tell me about yourself
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