Wood Group Interview Questions, Process, and Tips

The Golden Rules of Accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the Debit-What-Comes-In and Credit-What-Goes-Out rule.

• The second golden rule is the Debit-All-Expenses-and-Losses and Credit-All-Incomes-and-Gains rule.

• The third golden rule is the Debit-The-Receiver and Credit-The-Giver rule.

• These rules ensure that every financial transaction is properly reco...read more

There are various types of billing, including hourly billing, project-based billing, retainer billing, and subscription billing.

• Hourly billing: Charging clients based on the number of hours worked.

• Project-based billing: Charging clients a fixed fee for completing a specific project.

• Retainer billing: Charging clients a recurring fee for ongoing services.

• Subscription billing: Charging clients a regular fee for access to ...read more

Time to be billed refers to the amount of time spent on a task or project that can be invoiced to a client or customer.

• Time to be billed is the duration of work that can be charged to a client.

• It includes the time spent on tasks directly related to the client's project.

• This can include billable hours for services rendered, such as consulting, legal work, or professional services.

• Non-billable time, such as internal meet...read more

I would discuss the situation with my manager and propose an alternative solution.

• Discuss the situation with the manager to understand the reasoning behind the request

• Propose an alternative solution such as splitting the invoice into smaller amounts or adjusting the outstanding amount

• Consider the impact on the customer relationship and the company's financial stability

Wellhead platform arrangements and requirements involve the design and layout of structures for drilling and production operations.

• Wellhead platforms are structures located above the wellhead to support drilling and production equipment.

• Arrangements must consider factors such as well spacing, equipment layout, and safety regulations.

• Requirements may include weight capacity, access for maintenance, and environmental con...read more

I shifted to pursue new opportunities for growth and development in my career.

• Seeking new challenges and responsibilities

• Exploring different industries or technologies

• Relocation for personal reasons or family commitments

Document Controller procedure involves managing, organizing, and controlling documents within a company or organization.

• Establishing document control procedures and policies

• Maintaining document registers and logs

• Ensuring all documents are properly labeled and stored

• Implementing document version control

• Coordinating document reviews and approvals

• Training staff on document control procedures

• Auditing document control proce

The working procedure involves organizing, managing, and controlling documents in a systematic manner.

• Create and maintain document control procedures

• Ensure all documents are accurately labeled and stored

• Track document revisions and updates

• Coordinate with team members to ensure document accuracy

• Implement document control software for efficient management