TimesPro Management Trainee Interview Questions and Answers

Q1. Gl process making strategy
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Q2. Best gl team role
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Q1. Gl manage process flow
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Q2. Record to report process flow
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A very basic apptitude test with 45 mins to compare

Q1. Aspirations in the career, family backgrounds, details of final year project, why hitech?
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Q1. Salary and other statutory formalities
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Q1. Present your master's research project
Ans. 
Investigated the impact of social media on consumer behavior
• Researched how social media influences purchasing decisions

• Analyzed data from surveys and online behavior tracking

• Identified trends in consumer preferences and brand loyalty

• Conducted interviews with industry experts for insights

• Proposed strategies for businesses to leverage social media for marketing
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Q1. Tell me something about yourself
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Q2. Job profile and opportunity discussion
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Q1. Experience discussion with interviwers
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Q2. Finance technical questions discussed
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Q3. Expected remuneration
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Q1. Accounting technical questions
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Q1. What is your experience in the Record to Report (RTR) domain?
Ans. 
I have 3 years of experience in the Record to Report domain, including preparing financial statements and reconciling accounts.
• Prepared monthly financial statements in compliance with GAAP standards

• Performed account reconciliations to ensure accuracy of financial data

• Assisted in the implementation of new accounting software for improved efficiency

• Collaborated with cross-functional teams to streamline RTR processes
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Q2. Are you comfortable with shift work?
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Q3. Can you provide a brief introduction about yourself?
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Q4. What is your current cost to company (CTC)?
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Q1. Can you provide a brief self-introduction and describe your current work profile?
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Q2. What precautions should be taken when mentioning details in your CV to ensure you can answer questions related to them effectively during an interview?
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Q3. What is the difference between revenue expenditure and capital expenditure?
Ans. 
Revenue expenditure is for day-to-day expenses while capital expenditure is for long-term assets.
• Revenue expenditure is incurred for maintaining the business operations and generating revenue.

• Capital expenditure is for acquiring assets that will provide benefits over multiple years.

• Revenue expenditure is recorded in the income statement and is fully deductible in the year it is incurred.

• Capital expenditure is recorded ...read more
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Q4. What is the difference between amortisation and depreciation?
Ans. 
Amortisation is the allocation of the cost of intangible assets over their useful life, while depreciation is the allocation of the cost of tangible assets over their useful life.
• Amortisation is used for intangible assets like patents, copyrights, and trademarks.

• Depreciation is used for tangible assets like buildings, machinery, and vehicles.

• Amortisation is typically calculated using the straight-line method or the dec...read more
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Q5. How would you rate yourself in relation to your teammates?
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Q6. How would you calculate a rate in Excel?
Ans. 
To calculate a rate in Excel, use the formula: Rate = (Value 1 / Value 2) * 100
• Enter the values you want to calculate the rate for in separate cells

• In a new cell, use the formula: Rate = (Value 1 / Value 2) * 100

• Value 1 is the numerator and Value 2 is the denominator

• Multiply the result by 100 to get the rate percentage

• For example, if Value 1 is 50 and Value 2 is 100, the formula would be: (50 / 100) * 100 = 50%
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Q7. What is the process for passing journal entries related to prepaid expenses and accruals?
Ans. 
Journal entries for prepaid expenses and accruals involve recognizing expenses before they are paid or revenue before it is received.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals involve recognizing expenses or revenue before cash is exchanged.

• For prepaid expenses, a journal entry would involve debiting an expense account and crediting a prepaid expense accou...read more
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Q8. What is your understanding of accrual and deferred accounting?
Ans. 
Accrual accounting recognizes revenue and expenses when they are incurred, regardless of when cash is exchanged. Deferred accounting recognizes revenue and expenses when cash is is exchanged.
• Accrual accounting records revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid.

• Deferred accounting involves postponing the recognition of revenue or expenses until a later date...read more
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Q9. What is a contingent liability?
Ans. 
A contingent liability is a potential liability that may occur depending on the outcome of a future event.
• Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.

• Examples include pending lawsuits, warranties, and guarantees.

• The likelihood of the contingent liability and the amount involved must be assessed.
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Q10. What information do you have about Genpact?
Ans. 
Genpact is a global professional services firm specializing in digital transformation, analytics, and process optimization.
• Genpact was founded in 1997 as a business unit within General Electric.

• It became an independent company in 2005 and is headquartered in New York City.

• Genpact offers services in areas such as finance and accounting, procurement, supply chain, and customer service.

• The company has a presence in over 3...read more
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Q1. Normal process related questions
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Q2. Salary discussion
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Q1. Joining date and other formality
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Q1. Final salary discussion and offer letter
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Q1. Introduce about yourself?
Ans. 
I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
• Recent graduate with a degree in Business Administration

• Passionate about leadership and problem-solving

• Experience in team projects and internships

• Strong communication and organizational skills
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Q2. What are the challenges you have faced in the work?
Ans. 
I have faced challenges in managing conflicting priorities, adapting to new technologies, and leading a diverse team.
• Managing conflicting priorities: Juggling multiple projects with tight deadlines.

• Adapting to new technologies: Learning new software systems and tools quickly.

• Leading a diverse team: Managing different personalities and communication styles.
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Q1. Are you ready to relocate?
Ans. 
Yes, I am open to relocating for the right opportunity.
• I am willing to relocate for career growth and new experiences.

• I have relocated in the past for job opportunities and have adapted well to new environments.

• I understand that relocation may be necessary for certain roles and I am prepared to make that commitment.
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Q2. What is your package expectations?
Ans. 
I am open to discussing a competitive salary based on the responsibilities and opportunities offered in the role.
• I am looking for a package that reflects my skills and experience.

• I am open to negotiation based on the overall benefits package.

• I am more focused on the growth opportunities and learning experiences the role can provide.

• I am flexible and willing to consider different compensation structures such as bonuses
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Q1. I applied and was interviewed by company within 3 days of application and it was conducted online. HR round was good and was more of knowing your skills and and experience in brief.
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Q1. My technical round was with my hiring manager where he or she asked me only about my work experience and in depth reason of why I left my previous company and all . The interview was very good 😊.
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Q1. So the last round was with HR where only negotiation took place and I am greatful to HR for offering me a good deal and stood up for what she committed me earlier in the first round.
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