AmbitionBox
Interview Questions
- Reviews
- Salaries
- Interview Questions
- About Company
- Benefits
- Jobs
- Office Photos
- Community
Add office photos
Filter interviews by
XL India Business Services Interview Questions, Process, and Tips
Top XL India Business Services Interview Questions and Answers
- Q1. What is deferred revenue expenditure and journal entry ?asked in Senior Finance Associate interview
- Q2. What do you understand by cash flow statement?asked in Senior Finance Associate interview
- Q3. Do you know about IFRS 16 and 17?asked in Senior Finance Associate interview
XL India Business Services Interview Experiences
4 interviews found
(5 Questions)
- Q1. What is deferred revenue expenditure and journal entry ?
- Ans.
Deferred revenue expenditure is an expense that is incurred in one accounting period but is recognized over a period of time.
Deferred revenue expenditure is an expense that benefits multiple accounting periods.
It is recorded as an asset on the balance sheet and amortized over the periods that benefit from it.
Journal entry for deferred revenue expenditure involves debiting the asset account and crediting the expense acc...
- Q2. What is prepayment ?
- Ans.
Prepayment is a payment made in advance before the actual due date.
Prepayment is a payment made before the scheduled due date of a financial obligation.
It is often made to reduce the total outstanding balance and save on interest costs.
Common examples include prepaying a mortgage, rent, or utility bills.
Prepayments can also be made towards loans or credit card balances.
- Q3. Do you know about IFRS 16 and 17?
- Ans.
IFRS 16 and 17 are accounting standards related to lease accounting and insurance contracts, respectively.
IFRS 16 deals with lease accounting and requires lessees to recognize assets and liabilities for all leases with a term of more than 12 months.
IFRS 17 focuses on insurance contracts and aims to provide more transparent and useful information about an insurer's financial position and performance.
Both standards have ...
- Q4. What do you understand by amortization?
- Ans.
Amortization is the process of spreading out the cost of an intangible asset over its useful life.
Amortization is a method used to allocate the cost of intangible assets over time.
It is similar to depreciation for tangible assets, but applies to intangible assets like patents, copyrights, and trademarks.
The amortization expense is recorded on the income statement and reduces the asset's value on the balance sheet.
The f...
- Q5. What do you understand by cash flow statement?
- Ans.
Cash flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
It provides information about the cash generated and used during a specific period.
It consists of three sections: operating activities, investing activities, and financing activities.
Operating activities include cash flows from day-to-day business operations.
Investing activities incl...
Interview Preparation Tips
Skills evaluated in this interview
Senior Finance Associate Interview Questions asked at other Companies
Selected
I applied via Walk-in and was interviewed before Jan 2024. There was 1 interview round.
(1 Question)
- Q1. They ask straight forward questions and also keep focus on excel and other tools.
Selected
I applied via Company Website and was interviewed before Mar 2023. There was 1 interview round.
(1 Question)
- Q1. About yourself and your background
Assistant Manager Interview Questions asked at other Companies
I applied via Referral and was interviewed in Jun 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. All the basic accounting question related to the process, like if they are interviewing for AP then ques. will be ask from Accruals but in my case they have asked me all the ques. related to Depreciation...
Interview Preparation Tips
Senior Associate Interview Questions asked at other Companies
XL India Business Services interview questions for popular designations
Jobs at XL India Business Services
Top trending discussions
Interview questions from similar companies
I applied via Campus Placement and was interviewed in Nov 2024. There were 4 interview rounds.
(2 Questions)
- Q1. 3 short programming questions(can solve in any language, just need to complete the missing code)
- Q2. Aptitude and technical mcqs
Long programming round in the Chennai office - 3 hours.
use case scenario will be provided: need to sketch any diagrams like uml/class/ER diagrams but not flow chart.
45 min for diagram and presentation to Pannel(each Pannel: 10 students with 1-3 Pannel members) once your presentation and modifications are approved. van proceed with programming(implementation of the use case).
(3 Questions)
- Q1. 30- 45 min of technical 1 Each Pannel consist of 2 to3 interviewers.
- Q2. Questions from resume(projects,skillsets) solving problems with low time complexity possible
- Q3. Database(sql Querys) Indepth Opps questions(with implementation)
(1 Question)
- Q1. Technical 2 DSA(data structures like linked list, trees) projects evaluating skills few os and cn questions
I applied via Referral and was interviewed in Dec 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Skill knowledge
- Q2. Practical skill testing
(2 Questions)
- Q1. Salary discussion
- Q2. Company rules
(2 Questions)
- Q1. Every day to day updates
- Q2. Willing to learn and teach
- Ans.
Yes, I am willing to learn new skills and knowledge, and also share my expertise with others.
I am always eager to expand my skill set and knowledge through training and development opportunities.
I am also willing to share my expertise with colleagues and assist them in learning new tasks or processes.
For example, I recently attended a workshop on new software and then trained my team on how to use it effectively.
Selected
I applied via Campus Placement and was interviewed in Nov 2024. There were 2 interview rounds.
The test will comprise a total of 60 questions, divided as follows: 70% of the questions will focus on finance and accounting, while the remaining questions will cover aptitude and English.
(1 Question)
- Q1. Zero coupon bonds, long-term liabilities, return on equity, debt-equity ratio, captial budgeting and techniques, bonds and its types, debt instruments meaning, collateral, mortgage, spin off, demerger, mer...
Interview Preparation Tips
Senior Advisor Interview Questions & Answers
Wtw Global Delivery And Solutions
Anonymous
posted on 10 Feb 2025
Selected
I was interviewed in Jan 2025.
In the group discussion round, each participant was required to speak on a designated topic to assess their communication skills, followed by a one-on-one in-person discussion.
(2 Questions)
- Q1. In the HR round,the interviewer asked about my CV and role related questions to check my understanding of the position.He also tested my Microsoft skills on a laptop.
- Q2. And about my previous experience and what i know about the company.
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Dec 2024. There were 2 interview rounds.
(1 Question)
- Q1. SQL queries, python questions, project overview
(1 Question)
- Q1. Project description, what all technologies you worked upon, will u be able to relocate, etc
I applied via campus placement at St. Francis College for Women, Hyderabad and was interviewed in Nov 2024. There were 2 interview rounds.
Aptitude test was easy compared to other companies, followed by a technical round which I found a bit difficult to pass.
(2 Questions)
- Q1. What is deferred revenue, write its journal entry
- Ans.
Deferred revenue is revenue received in advance before it is earned, resulting in a liability on the balance sheet.
Deferred revenue is also known as unearned revenue.
Journal entry for deferred revenue: Debit Cash (or Accounts Receivable) and Credit Deferred Revenue.
As the revenue is earned, the deferred revenue is recognized as revenue on the income statement.
Common examples include magazine subscriptions, annual maint
- Q2. Appreciation of Machinery
Interview Preparation Tips
- Accounts Receivable
- Accounts Payable
XL India Business Services Interview FAQs
Tell us how to improve this page.
Interview Questions for Popular Designations
XL India Business Services Interview Process
based on 2 interviews
Interview experience
Interview Questions from Similar Companies
XL India Business Services Reviews and Ratings
based on 59 reviews
Rating in categories
1-3 Yrs
Not Disclosed
|
Assistant Manager
27
salaries
|  ₹5.9 L/yr - ₹14 L/yr |
|
Analyst
23
salaries
| ₹2.2 L/yr - ₹7 L/yr |
|
Senior Analyst
23
salaries
| ₹4.5 L/yr - ₹7.5 L/yr |
|
Deputy Manager
21
salaries
| ₹9 L/yr - ₹22 L/yr |
|
Manager
16
salaries
| ₹12 L/yr - ₹34 L/yr |
Accenture
Genpact
Wipro
TCS
- Home >
- Interviews >
- XL India Business Services Interview Questions
