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OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.
OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.
OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.
Common examples of OTC instruments include s...
E-commerce transaction process involves the online buying and selling of goods or services.
E-commerce transactions are conducted electronically over the internet.
Customers browse products online, add items to their cart, and proceed to checkout.
Payment is made online using various methods such as credit cards, digital wallets, or bank transfers.
Once payment is confirmed, the order is processed, and the product is ...
B2B process refers to business-to-business transactions where companies sell products or services to other companies.
B2B process involves transactions between two businesses rather than between a business and a consumer.
It often includes bulk orders, negotiated pricing, and long-term contracts.
Examples of B2B processes include wholesale transactions between manufacturers and retailers, or software licensing agreem...
I have a strong background in transaction processing and data entry.
Worked as a Transaction Processing Associate at XYZ Company for 2 years
Proficient in using various software for data entry and processing
Managed large volumes of transactions accurately and efficiently
What people are saying about Accenture
Yes, I am comfortable with working flexible timings to accommodate the needs of the job.
I am willing to work evenings, weekends, or holidays if required
I can adjust my schedule to meet deadlines or handle unexpected workloads
I have previous experience working flexible hours in my previous job
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit expenses and losses, credit income and gains
Accrual is the recognition of revenue or expenses that have been earned or incurred but not yet received or paid. Prepaid is the recognition of payment for goods or services that have not yet been received or used.
Accrual is used to match revenue and expenses to the period in which they were earned or incurred
Prepaid is used to recognize payment for goods or services that have not yet been received or used
Accrual ...
Transaction Monitoring Analyst monitors financial transactions for potential fraud and suspicious activity.
Review and analyze transactions for potential fraud or suspicious activity
Identify and investigate any anomalies or red flags
Communicate findings to management and other relevant parties
Maintain accurate records and documentation
Stay up-to-date on industry regulations and best practices
Collaborate with other ...
Transaction refers to the exchange of goods, services or money between two or more parties.
Transactions involve a transfer of value from one party to another.
They can be conducted in various forms such as cash, credit card, online payment, etc.
Transactions can be simple or complex depending on the nature of the exchange.
They are recorded for future reference and analysis.
Examples include buying groceries, paying b...
Key points to notice during invoice processing
Accuracy of invoice details
Matching invoice with purchase order and receipt
Checking for duplicate invoices
Verifying payment terms and discounts
Ensuring proper coding and approval
Identifying any discrepancies or errors
Maintaining proper documentation and record keeping
The difficulty level of the test is relatively easy.
Procure to Pay cycles involve the process of purchasing goods or services and paying for them.
Procurement: Identifying needs, selecting suppliers, negotiating contracts
Receiving: Receiving goods or services, verifying quality and quantity
Invoicing: Receiving and processing invoices for payment
Payment: Making payments to suppliers
Reconciliation: Matching invoices with purchase orders and receipts
OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.
OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.
OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.
Common examples of OTC instruments include stocks...
P2P (Procure-to-Pay) is the process of obtaining and paying for goods and services from suppliers.
The process starts with identifying the need for a product or service.
Next, a purchase order is created and sent to the supplier.
Upon receiving the goods or services, an invoice is generated by the supplier.
The invoice is matched with the purchase order and goods receipt.
Finally, payment is made to the supplier.
Example: Co...
I appeared for an interview in Mar 2025, where I was asked the following questions.
Detail-oriented professional with a background in transaction processing and a passion for optimizing workflows and enhancing customer satisfaction.
Background in finance with a degree in Business Administration.
Experience in transaction processing at XYZ Corp, where I improved processing speed by 20%.
Strong analytical skills demonstrated by identifying and resolving discrepancies in transaction records.
Proficient in us...
I bring strong analytical skills, attention to detail, and a commitment to excellence in transaction processing.
Proven experience in transaction processing, having successfully managed over 1,000 transactions per week in my previous role.
Strong analytical skills that enable me to identify discrepancies and resolve issues efficiently, improving overall accuracy.
Excellent attention to detail, which has helped reduce erro...
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
I am a detail-oriented individual with strong analytical skills and a background in transaction processing.
I have a Bachelor's degree in Finance and experience working in a financial institution.
I am proficient in using various software and tools for transaction processing.
I have a keen eye for accuracy and can work efficiently under pressure.
I am a team player and can communicate effectively with colleagues and client...
Business process outsourcing is when a company contracts out specific business tasks to a third-party provider.
Companies outsource tasks like customer service, payroll processing, and IT services to save costs and improve efficiency.
Outsourcing can be done domestically or internationally, depending on the company's needs and budget.
Popular outsourcing destinations include India, the Philippines, and Eastern Europe.
Outs...
I am a detail-oriented individual with a background in finance and a strong interest in transaction processing.
I have a Bachelor's degree in Finance from XYZ University.
I have previous experience working as a financial analyst at ABC Company.
I am proficient in using Excel for data analysis and have strong attention to detail.
I am a quick learner and have excellent problem-solving skills.
I am excited about the opportuni...
Insurance is a financial product that provides protection against potential financial losses.
Insurance is a contract between an individual or organization and an insurance company.
The individual or organization pays a premium in exchange for coverage against specific risks.
Common types of insurance include health insurance, auto insurance, life insurance, and property insurance.
Insurance helps individuals and organizat...
I am impressed by the company's reputation for innovation and commitment to excellence.
I admire the company's track record of success in the industry.
I am excited about the opportunity to contribute to a dynamic and forward-thinking team.
I believe the company's values align with my own professional goals and aspirations.
posted on 9 Aug 2023
I applied via Newspaper Ad and was interviewed in Jul 2023. There were 3 interview rounds.
Yes, I have the energy to come to the office.
I am highly motivated and enthusiastic about my work.
I prioritize self-care and maintain a healthy lifestyle to ensure I have the energy to perform my job effectively.
I am punctual and reliable, ensuring I arrive at the office on time and ready to work.
I actively engage in activities that boost my energy levels, such as exercise and proper nutrition.
I have a positive mindset...
To wake up at the same time on weekdays, establish a consistent sleep schedule, create a bedtime routine, avoid stimulants before bed, and use an alarm clock.
Set a consistent sleep schedule by going to bed and waking up at the same time every day
Create a bedtime routine to signal your body that it's time to sleep
Avoid stimulants like caffeine and electronics before bed
Use an alarm clock or a wake-up light to ensure you...
Yes
Yes, I am able to manage tying my shoes.
I have been tying my shoes since childhood and it is a basic skill I possess.
I can tie different types of knots, such as the standard bow knot or a double knot.
I am comfortable tying shoes with different types of laces, including round, flat, or elastic laces.
The number of hairs on a person's head varies, but on average, it is around 100,000.
The number of hairs on a person's head can vary depending on factors such as genetics, age, and health.
On average, adults have around 100,000 hairs on their head.
Hair loss is a common issue that can affect the number of hairs on the head.
Hair color and texture can also impact the appearance of hair density.
The amount of money I need depends on my financial goals and expenses.
The amount of money I need will vary based on my short-term and long-term financial goals.
I will also consider my monthly expenses, such as rent, bills, and groceries.
Additionally, I will factor in any outstanding debts or loans that need to be paid off.
I may also consider saving for emergencies or unexpected expenses.
It is important to have a clear ...
The amount of money needed to buy food varies depending on various factors.
The cost of food depends on the type of food, location, and personal dietary preferences.
Factors such as inflation, seasonality, and availability of certain ingredients can also affect the cost.
Individuals with dietary restrictions or special dietary needs may require more money to buy specific food items.
The number of people to be fed and the f...
This question is inappropriate and irrelevant to the job role.
The question is unrelated to the job of a Transaction Processing Associate.
It is not appropriate to ask personal financial information in an interview.
The focus should be on the candidate's skills and qualifications for the role.
The amount of money needed by my forefathers to buy food for their family is not available.
Data on the amount of money needed by my forefathers to buy food is not known.
Unfortunately, I don't have any information regarding the financial situation of my forefathers.
I cannot provide an answer as the specific details about my forefathers' expenses are not known.
I applied via Referral and was interviewed in May 2023. There were 3 interview rounds.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit expenses and losses, credit income and gains
The current Finance Minister of India is Nirmala Sitharaman who introduced new tax regimes in the Union Budget 2020.
Nirmala Sitharaman is the Finance Minister of India.
She introduced new tax regimes in the Union Budget 2020.
The new tax regimes include optional tax slabs with reduced rates for individuals and HUFs.
posted on 9 Mar 2024
I applied via Recruitment Consulltant and was interviewed in Sep 2023. There was 1 interview round.
I have a strong background in transaction processing and data entry.
Worked as a Transaction Processing Associate at XYZ Company for 2 years
Proficient in using various software for data entry and processing
Managed large volumes of transactions accurately and efficiently
Some of the top questions asked at the Accenture Transaction Processing Associate interview -
The duration of Accenture Transaction Processing Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
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