WNS Senior Accountant Interview Questions and Answers for Experienced

Accrual is recognition of revenue/expenses when earned/incurred. Provision is an estimated expense/liability.

• Accrual is based on actual transactions while provision is based on estimates.

• Accrual is recognized when revenue is earned or expenses are incurred, regardless of payment.

• Provision is recognized when there is a probable expense or liability, even if the amount is not yet known.

• Examples of accrual include recogni...read more

Financial statements are prepared at the end of the month (EOM) to reflect the financial position and performance of the company.

• Financial statements include the balance sheet, income statement, and cash flow statement.

• The statements are prepared using the accrual basis of accounting.

• Adjusting entries are made to ensure that revenues and expenses are recognized in the correct period.

• The statements are reviewed for accu...read more

Prepaid expense is an advance payment made for goods or services that will be received in the future.

• Prepaid expenses are recorded as assets on the balance sheet

• They are gradually expensed over time as the goods or services are received

• Examples include prepaid rent, insurance premiums, and subscriptions

• Prepaid expenses are commonly used in industries such as real estate and insurance

Yes, I have SAP experience.

• I have worked with SAP for 2 years in my previous job.

• I am proficient in using SAP for financial reporting and analysis.

• I have also received training in SAP during my accounting degree program.

Answering questions related to T codes, credit notes, PO and invoice mismatch, and process improvement for Accountant role.

• T codes for PRPO routed invoices: XXXX

• T code for manually processing invoice: XXXX

• T code for credit note: XXXX

• Credit note is issued for various reasons such as return of goods, overpayment, etc.

• PO and invoice mismatch can occur due to incorrect pricing, quantity, or item description.

• Process improve...read more