Swiss Re Business Continuity and Disaster Recovery Manager Interview Questions and Answers

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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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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