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I applied via Naukri.com and was interviewed in May 2022. There were 2 interview rounds.
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...
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...
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
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...
Simple aptitude questions
This is a shortlisting round, and many technically knowledgeable individuals did not qualify for this stage.
Countercurrent flow is more effective due to increased concentration gradient and better utilization of resources.
Countercurrent flow allows for a greater concentration gradient between the two fluids, leading to more efficient mass transfer.
Countercurrent flow also allows for better utilization of resources as the fluids are in contact for a longer period of time.
Concurrent flow, on the other hand, results in a lower ...
The procedure for designing a heat exchanger involves determining heat transfer requirements, selecting appropriate materials, designing the geometry, and analyzing performance.
Determine the heat transfer requirements based on the fluids involved, flow rates, temperatures, and desired heat transfer rate.
Select appropriate materials for the heat exchanger based on compatibility with the fluids, operating conditions, and...
Different types of heat exchangers include shell and tube, plate, finned tube, and double pipe.
Shell and tube heat exchanger
Plate heat exchanger
Finned tube heat exchanger
Double pipe heat exchanger
FEED stands for Front End Engineering Design.
FEED is a phase in the project development process where the basic engineering of a project is conducted before detailed design.
It helps in defining the scope, budget, and schedule of a project.
FEED is essential for identifying potential issues early on and minimizing risks.
Examples of FEED documents include process flow diagrams, equipment lists, and preliminary layouts.
Challenges in procurement process include supplier management, cost control, and supply chain disruptions.
Supplier management - Ensuring timely delivery, quality control, and relationship management.
Cost control - Balancing quality and price, negotiating contracts, and managing budget constraints.
Supply chain disruptions - Dealing with delays, shortages, and unexpected events like natural disasters or political issues.
Wood Group interview questions for popular designations
I applied via Campus Placement and was interviewed in Aug 2024. There was 1 interview round.
Question where asked from trains,permutation and some grammer
Get interview-ready with Top Wood Group Interview Questions
I applied via Company Website and was interviewed in Dec 2023. There was 1 interview round.
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...
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 ...
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...
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...
I was interviewed before Feb 2024.
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