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Wood Group Billing Accountant Interview Questions, Process, and Tips

Updated 7 Jan 2025

Top Wood Group Billing Accountant Interview Questions and Answers

  • Q1. What is unbilled data or accrual data? Why it important to clear unbilled data?
  • Q2. What is a credit note, why do we use credit notes any five points in invoice where we have to use credit notes?
  • Q3. What is a payment term and what is a credit period?
View all 24 questions

Wood Group Billing Accountant Interview Experiences

6 interviews found

Interview experience
4
Good
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed in Dec 2023. There was 1 interview round.

Round 1 - Technical 

(9 Questions)

  • Q1. Scenario Based Questions
  • Q2. Achievements & Lead Project details asked
  • Q3. Golden Rules of Accounting
  • Ans. 

    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...

  • Answered by AI
  • Q4. Types of Billing
  • Ans. 

    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 ...

  • Answered by AI
  • Q5. What is Time to be billed?
  • Ans. 

    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...

  • Answered by AI
  • Q6. KRAs, KPIs, personal details like family members, hobbies, work life balance, hybrid mode preferred, notice period etc.
  • Q7. As a biller, what will you do if your manager asked you to create an invoice for 1 million when there is already an outstanding amount prevailing for 20 million of a big valuable customer?
  • Ans. 

    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

  • Answered by AI
  • Q8. Accrued Revenue, Deferred Revenue/Expenses
  • Q9. Why want to join Wood and leave your current organization?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be professional and confident! Don’t try to manipulate the interviewers by fabricating answers just accept you don’t know this answer…
Interview experience
3
Average
Difficulty level
Hard
Process Duration
4-6 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed in Feb 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all Resume tips
Round 2 - HR 

(3 Questions)

  • Q1. About current role
  • Q2. Why do you want to change your job,
  • Q3. What is your expected Salary
Round 3 - One-on-one 

(3 Questions)

  • Q1. About current role
  • Q2. Deep accounting principles
  • Ans. 

    Deep accounting principles involve understanding complex financial transactions, regulations, and reporting standards.

    • Understanding GAAP (Generally Accepted Accounting Principles)

    • Knowledge of financial statement analysis

    • Familiarity with tax laws and regulations

    • Ability to interpret complex financial data

    • Experience with auditing procedures

  • Answered by AI
  • Q3. Why do you want to change your current job

Interview Preparation Tips

Topics to prepare for Wood Group Billing Accountant interview:
  • Advanced Excel
  • General Accounting
  • DSO
  • unbilled
Interview preparation tips for other job seekers - Must be clear about your current role and accounting entries with advance excel. You must have expertise in excel

Billing Accountant Interview Questions Asked at Other Companies

asked in Wood Group
Q1. What is unbilled data or accrual data? Why it important to clear ... read more
asked in Wood Group
Q2. What is a credit note, why do we use credit notes any five points ... read more
asked in Wood Group
Q3. What is a payment term and what is a credit period?
asked in Wood Group
Q4. What is cash forecast and what are the golden rules of accounting ... read more
asked in Wood Group
Q5. As a biller, what will you do if your manager asked you to create ... read more
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Technical 

(1 Question)

  • Q1. What is cashflow? What is Revenue Recognition?
  • Ans. 

    Cashflow is the movement of money in and out of a business. Revenue recognition is the process of accounting for revenue earned.

    • Cashflow is the net amount of cash and cash-equivalents being transferred into and out of a business.

    • It is important to manage cashflow to ensure that a business has enough cash to pay its bills and invest in growth.

    • Revenue recognition is the process of accounting for revenue earned from the s...

  • Answered by AI
Round 3 - Technical 

(1 Question)

  • Q1. Critical thinking ability and logical questions
Round 4 - HR 

(1 Question)

  • Q1. What is your salary expectations?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepare for the interview..its not really tough but its also not easy.
Interview experience
1
Bad
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Jan 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Expalin golden rule of accounting
  • Ans. 

    The golden rule of accounting states that debit what comes in and credit what goes out.

    • Debit what comes in and credit what goes out

    • Assets = Liabilities + Equity

    • Helps maintain the balance in financial statements

  • Answered by AI

Wood Group interview questions for designations

 Accountant

 (1)

 Financial Accountant

 (1)

 Senior Accountant

 (1)

 Accounts Payable Accountant

 (1)

I applied via Naukri.com and was interviewed in May 2022. There were 2 interview rounds.

Round 1 - Technical 

(6 Questions)

  • Q1. First of all you should be experienced, minimum of 2 years of experience is required for this position for a good salary.
  • Q2. Prepare yourself with a good knowledge of invoice, important thing which should be mentioned in invoice. Learn what is unbilled and accrual accounting and data. Gold rules of accounting. Credit note and ty...
  • Q3. What is unbilled data or accrual data? Why it important to clear unbilled data?
  • Ans. 

    Unbilled data or accrual data refers to revenue that has been earned but not yet billed to the customer.

    • Unbilled data is a common term used in accounting to describe revenue that has been recognized but not yet invoiced.

    • Accrual data refers to expenses that have been incurred but not yet recorded in the accounting system.

    • Clearing unbilled data is important to ensure accurate financial reporting and to prevent revenue le...

  • Answered by AI
  • Q4. What is cash forecast and what are the golden rules of accounting?
  • Ans. 

    Cash forecast is a projection of future cash inflows and outflows. Golden rules of accounting are basic principles to maintain accurate financial records.

    • Cash forecast helps in managing cash flow and planning for future expenses.

    • Golden rules of accounting are: debit the receiver, credit the giver; debit what comes in, credit what goes out; and debit expenses and losses, credit income and gains.

    • These rules ensure accura...

  • Answered by AI
  • Q5. What is a credit note, why do we use credit notes any five points in invoice where we have to use credit notes?
  • Ans. 

    A credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited back to the buyer's account.

    • Credit notes are used to correct errors in invoices.

    • They are also used to adjust the amount owed by a customer.

    • Credit notes can be issued for returned goods or cancelled services.

    • They can also be used to give a discount or refund to a customer.

    • Credit notes are important for maintaini

  • Answered by AI
  • Q6. What is a payment term and what is a credit period?
  • Ans. 

    Payment term is the time period within which a customer is required to pay for goods or services. Credit period is the time period for which a customer is allowed to delay payment.

    • Payment term is agreed upon by the seller and buyer during a transaction.

    • It can be expressed in days, weeks, or months.

    • For example, a payment term of 30 days means the customer must pay within 30 days of receiving the invoice.

    • Credit period is...

  • Answered by AI
Round 2 - Behavioral 

(2 Questions)

  • Q1. Introduce yourself, tell something about your profile in your organisation.
  • Q2. Why do you want to leave your current company and why do you want to join Wood groups?

Interview Preparation Tips

Interview preparation tips for other job seekers - Read resume repair yourself as per your resume. With all the questions.

Get interview-ready with Top Wood Group Interview Questions

Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all Resume tips
Round 2 - Technical 

(10 Questions)

  • Q1. What is the AR Register/Invoice Register?
  • Ans. 

    The AR Register/Invoice Register is a detailed list of all accounts receivable or invoices issued by a company.

    • It includes information such as invoice number, date, amount, customer name, and payment status.

    • It helps track outstanding payments and monitor the overall financial health of the company.

    • AR Register is used by billing accountants to reconcile payments and ensure accuracy in financial records.

  • Answered by AI
  • Q2. What is Accrual Data?
  • Ans. 

    Accrual data refers to revenue or expenses that have been earned or incurred, but have not yet been received or paid.

    • Accrual data is used to match revenue and expenses to the time period in which they were incurred, rather than when they are actually received or paid.

    • It helps in providing a more accurate representation of a company's financial position and performance.

    • Examples of accrual data include accounts receivabl

  • Answered by AI
  • Q3. Whats is EBITDA?
  • Ans. 

    EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance.

    • EBITDA is calculated by adding back interest, taxes, depreciation, and amortization to net income.

    • It is used to analyze and compare profitability between companies and industries.

    • EBITDA helps in assessing a company's ability to generate cash flow from its operations.

    • Investors often use...

  • Answered by AI
  • Q4. What is Revenue and Profit?
  • Ans. 

    Revenue is the total income generated by a business through its normal business operations, while profit is the amount of money left over after all expenses have been deducted from revenue.

    • Revenue is the total amount of money a company receives from its customers for providing goods or services.

    • Profit is the amount of money a company has left over after subtracting all expenses, including operating costs, taxes, and in...

  • Answered by AI
  • Q5. What if unbilled?
  • Ans. 

    Unbilled refers to services or products that have been provided but not yet invoiced to the customer.

    • Unbilled items should be reviewed regularly to ensure timely invoicing.

    • It is important to investigate the reasons for items being unbilled, such as missing documentation or approval.

    • Unbilled amounts should be tracked separately from billed amounts to avoid revenue recognition issues.

    • Examples of unbilled items include co...

  • Answered by AI
  • Q6. What are Journal Entries?
  • Ans. 

    Journal entries are accounting records that show the financial transactions of a business.

    • Journal entries are used to record transactions in the general ledger.

    • They include the date of the transaction, accounts affected, and amounts debited or credited.

    • Each journal entry consists of a debit entry and a credit entry, following the double-entry accounting system.

    • Examples of journal entries include recording sales revenue

  • Answered by AI
  • Q7. What are Credit and Debit Memos/Notes?
  • Ans. 

    Credit and Debit Memos/Notes are documents used to adjust accounts receivable or payable balances.

    • Credit Memos/Notes are used to decrease accounts receivable or increase accounts payable.

    • Debit Memos/Notes are used to increase accounts receivable or decrease accounts payable.

    • They are typically issued to correct errors, apply discounts, or resolve disputes.

    • Examples include issuing a credit memo for a returned product or

  • Answered by AI
  • Q8. What are Billing Types?
  • Ans. 

    Billing types refer to different categories or methods used for billing customers for products or services.

    • Billing types can include hourly billing, flat-rate billing, milestone billing, etc.

    • Each billing type has its own set of rules and criteria for invoicing.

    • For example, a software development project may use milestone billing where payments are made upon completion of specific project milestones.

  • Answered by AI
  • Q9. What are Sales on Credit?
  • Ans. 

    Sales on credit refer to goods or services sold to customers with an agreement to pay at a later date.

    • Sales on credit involve extending credit to customers, allowing them to purchase goods or services without immediate payment.

    • The terms of the credit agreement, such as payment due date and interest rates, are typically outlined in a sales invoice or contract.

    • Accounts receivable increases when sales are made on credit, ...

  • Answered by AI
  • Q10. What is a DSO?
  • Ans. 

    DSO stands for Days Sales Outstanding, a financial metric used to measure the average number of days it takes a company to collect revenue after a sale.

    • DSO is calculated by dividing accounts receivable by total credit sales and multiplying by the number of days in the period.

    • A lower DSO indicates that a company is collecting payments more quickly, while a higher DSO may suggest potential issues with collections.

    • For exa...

  • Answered by AI
Round 3 - Behavioral 

(7 Questions)

  • Q1. Run through your resume.
  • Q2. What is Revenue and Profit?
  • Ans. 

    Revenue is the total income generated by a business through its normal business operations, while profit is the amount of money left over after all expenses have been deducted from revenue.

    • Revenue is the total amount of money earned by a company from its sales of goods or services.

    • Profit is the amount of money that remains after all expenses, such as operating costs, taxes, and interest, have been subtracted from reven...

  • Answered by AI
  • Q3. What is the role of unbilled for an Organisation?
  • Q4. Explain your billing process from your current company.
  • Q5. What is a Cash Forecast?
  • Ans. 

    A cash forecast is a financial tool used to predict the future cash inflows and outflows of a business.

    • A cash forecast helps businesses plan for upcoming expenses and ensure they have enough cash on hand to cover them.

    • It involves analyzing historical cash flow data, current financial statements, and future business plans to estimate cash flow.

    • Cash forecasts are typically created on a monthly or quarterly basis and can ...

  • Answered by AI
  • Q6. What is Deferred and Accrual Revenue?
  • Ans. 

    Deferred revenue is income received in advance for goods or services that have not yet been provided, while accrual revenue is income earned but not yet received.

    • Deferred revenue is recorded as a liability until the goods or services are delivered.

    • Accrual revenue is recorded as an asset until the payment is received.

    • Examples of deferred revenue include magazine subscriptions or annual maintenance contracts.

    • Examples of ...

  • Answered by AI
  • Q7. What is Milestone and RFP Billing?
  • Ans. 

    Milestone and RFP Billing are methods used in project-based billing to track progress and bill clients accordingly.

    • Milestone Billing involves billing clients based on project milestones achieved

    • RFP (Request for Proposal) Billing involves billing clients based on the terms outlined in the proposal submitted for the project

    • Both methods help ensure accurate billing and payment for services rendered

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Wood Group Billing Accountant interview:
  • Billing
  • Basic Accounting
Interview preparation tips for other job seekers - Be confident and do your homework properly. Try to improvise your answers during the interview. Do not cram, try to understand the question and then answer it.

Skills evaluated in this interview

Interview questions from similar companies

Interview experience
2
Poor
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Apr 2024. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. Introduce yourself
  • Ans. 

    I am a highly motivated and experienced professional with a strong background in project management and team leadership.

    • Over 8 years of experience in project management

    • Proven track record of successfully leading cross-functional teams

    • Strong communication and problem-solving skills

    • Proficient in various project management tools such as Microsoft Project and Jira

  • Answered by AI
  • Q2. Setting fake goals and made to work for it
  • Ans. 

    Setting fake goals and making employees work towards them can be demotivating and harmful to morale.

    • Fake goals can lead to wasted time and effort

    • Employees may feel deceived and lose trust in management

    • Realistic and achievable goals are essential for employee motivation and success

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. Fmliy backgorund
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - HR 

(3 Questions)

  • Q1. Why do you want to work for Halliburton
  • Q2. Why do you want to leave your current role
  • Q3. What makes you a different candidate from others?

Interview Questionnaire 

1 Question

  • Q1. Things to consider during invoice processing.
  • Ans. 

    During invoice processing, it is important to consider accuracy, completeness, and timeliness.

    • Ensure all necessary information is included on the invoice

    • Verify the accuracy of the amounts and calculations

    • Match the invoice to the corresponding purchase order or contract

    • Ensure timely processing to avoid late payment fees or missed discounts

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be very specific in your answer. Use application reference.

I applied via Naukri.com and was interviewed in Dec 2019. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Question relating to my past experience.
  • Q2. Working process of my last organization.
  • Ans. 

    In my last organization, the working process involved cross-functional collaboration, data analysis, and regular reporting to management.

    • Regular team meetings to discuss project progress

    • Collaboration with different departments to gather data and insights

    • Utilization of data analysis tools to identify trends and patterns

    • Creation of detailed reports for management review

    • Implementation of feedback and adjustments based on

  • Answered by AI
  • Q3. Emphasised on Why I am looking for changed?
  • Ans. 

    Seeking new challenges and growth opportunities

    • Looking to expand my skill set and knowledge

    • Interested in taking on more responsibility

    • Seeking a more dynamic work environment

    • Want to work with a diverse team and learn from different perspectives

  • Answered by AI
  • Q4. Situational questions relating to the process.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and be prepared of what you are doing in current role. Most important how you be a valueable assest for the company.
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Wood Group Interview FAQs

How many rounds are there in Wood Group Billing Accountant interview?
Wood Group interview process usually has 2-3 rounds. The most common rounds in the Wood Group interview process are Technical, Resume Shortlist and Behavioral.
How to prepare for Wood Group Billing Accountant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Wood Group. The most common topics and skills that interviewers at Wood Group expect are Client Billing, Forecasting, Oracle, Reconciliation and Recruitment.
What are the top questions asked in Wood Group Billing Accountant interview?

Some of the top questions asked at the Wood Group Billing Accountant interview -

  1. What is unbilled data or accrual data? Why it important to clear unbilled da...read more
  2. What is a credit note, why do we use credit notes any five points in invoice wh...read more
  3. What is a payment term and what is a credit peri...read more

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Wood Group Billing Accountant Interview Process

based on 5 interviews

1 Interview rounds

  • Resume Shortlist Round
View more

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Wood Group Billing Accountant Salary
based on 96 salaries
₹5.5 L/yr - ₹9.4 L/yr
15% more than the average Billing Accountant Salary in India
View more details

Wood Group Billing Accountant Reviews and Ratings

based on 24 reviews

2.9/5

Rating in categories

2.9

Skill development

2.6

Work-life balance

3.2

Salary

3.0

Job security

2.6

Company culture

2.7

Promotions

2.7

Work satisfaction

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