Statestreet HCL Services Senior Financial Analyst Interview Questions, Process, and Tips

Accrual refers to the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.

• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.

• Accruals are recorded as adjusting entries in the financial statements.

• Examples of accruals include accounts receivable, accounts payable, and accrued expenses.

• Accruals h...read more

I would handle an adamant client in billing by listening to their concerns and finding a mutually beneficial solution.

• Listen actively to the client's concerns and complaints

• Empathize with the client and acknowledge their frustrations

• Explain the billing process and any discrepancies in a clear and concise manner

• Offer potential solutions or compromises that benefit both parties

• Follow up with the client to ensure their sa