WM Universal Solutions Private Limited Process Analyst Interview Questions, Process, and Tips

Numeric questions related to basic accounting concepts such as the golden rule, trial balance, reconciliation.

Q1. Introduction and background
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Q1. Questions related to Accounting
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Q1. Introduction, qualification, past experience etc
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Q2. Tell me something about your self
Ans. 
I am a highly organized and detail-oriented process analyst with a strong background in streamlining operations and improving efficiency.
• I have a Bachelor's degree in Business Administration with a focus on process improvement.

• I have successfully implemented process improvements in my previous role, resulting in a 20% increase in productivity.

• I am proficient in using process mapping tools such as Visio and have experie...read more
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Q3. What is your previous experience.
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I have 5 years of experience as a Process Analyst in the manufacturing industry.
• Implemented process improvement initiatives resulting in a 20% increase in productivity.

• Conducted time and motion studies to identify bottlenecks and streamline operations.

• Developed and documented standard operating procedures to ensure consistency and efficiency.

• Collaborated with cross-functional teams to identify and resolve process-relat...read more
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Q4. Why do you want to join WM
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I want to join WM because of their strong reputation in the industry and their commitment to process improvement.
• WM has a strong reputation in the industry for their efficient and effective processes.

• I am impressed by WM's commitment to continuous process improvement.

• I believe joining WM will provide me with valuable opportunities to enhance my skills and contribute to their success.

• WM's focus on innovation and technol
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Q5. What is bank reconciliation process.
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Bank reconciliation process is the process of comparing and matching the balances in a company's accounting records with the bank's records.
• Bank reconciliation is done to ensure that the company's records are accurate and complete.

• It involves comparing the company's bank statement with its own accounting records.

• Any discrepancies are identified and resolved, such as outstanding checks or deposits in transit.

• The end res...read more
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Q6. What is golden rules of account
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Golden rules of account refer to the basic principles of accounting that must be followed for accurate financial reporting.
• Maintain accurate records of all financial transactions

• Ensure consistency in accounting methods and practices

• Separate personal and business finances

• Follow the principle of double-entry bookkeeping

• Prepare financial statements regularly

• Adhere to accounting standards and regulations

• Maintain confidenti
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