Genpact Assistant Manager Interview Questions, Process, and Tips

Q1. Basic introduction and profile Briefing
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Q1. Self Introduction
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Q2. What are the three-way matching invoice processing?
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Three-way matching invoice processing involves comparing the purchase order, invoice, and receiving report to ensure accuracy.
• Matching the purchase order to the invoice to ensure the correct items and quantities were billed

• Matching the invoice to the receiving report to confirm that the goods were received

• Ensuring all three documents (purchase order, invoice, receiving report) match before processing payment
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Q3. What are the GR/IN and Payment journal entries?
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GR/IN and Payment journal entries are accounting entries related to goods receipt and invoice payment.
• GR/IN stands for Goods Receipt/Invoice Receipt and is used to record the receipt of goods or services from a vendor.

• Payment journal entries are used to record the payment made to vendors for goods or services received.

• GR/IN journal entry typically involves debiting inventory or expense account and crediting accounts pa...read more
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Q4. What are the fields for invoice discrimination?
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Fields for invoice discrimination include date, invoice number, vendor name, amount, and payment terms.
• Date of the invoice

• Invoice number

• Vendor name

• Amount of the invoice

• Payment terms
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Q5. How do you perform Vendor Reconciliation?
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Vendor reconciliation involves comparing the vendor's records with your own to ensure accuracy and resolve any discrepancies.
• Gather all invoices and statements from the vendor

• Match the invoices and statements with your own records

• Identify any discrepancies and investigate the reasons behind them

• Communicate with the vendor to resolve any discrepancies

• Update your records accordingly
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English Gammer , Voice testing , Open to talk , Read and understand and Answer , Explain the Scence

Q1. Sourcing , Agreement , Sow , Contracts
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Q1. Calibration, Risk analysis
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Aptitude test for assistant manager

Q1. What do you understand by IFRS
Ans. 
IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).
• IFRS is a globally accepted set of accounting standards used for financial reporting.

• It aims to provide a common language for companies to communicate their financial information.

• IFRS covers topics such as revenue recognition, financial instruments, and leases.

• Adopt...read more
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Q2. What do you understand by USGAAP
Ans. 
USGAAP stands for United States Generally Accepted Accounting Principles.
• USGAAP is a set of accounting standards used in the United States for financial reporting.

• It provides guidelines on how to prepare and present financial statements.

• USGAAP aims to ensure consistency and transparency in financial reporting.

• Companies listed on US stock exchanges are required to follow USGAAP.

• Examples of USGAAP principles include reve...read more
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Q1. Good analytical questions they have asked
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Q2. All questions are from CV. The project I have done.
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Q1. Tell me about yourself?
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Q2. Difference between accruals and provision?
Ans. 
Accruals are recognized revenues or expenses that have been incurred but not yet paid, while provisions are liabilities that are uncertain in timing or amount.
• Accruals are recognized when revenue is earned or expenses are incurred, regardless of when cash is received or paid.

• Provisions are recognized when there is a probable obligation that can be reliably estimated.

• Accruals are more certain in timing and amount compar...read more
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Excel test, case study base questions in excel.

Q1. Basic questions
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Q1. Basic accounting and excel test
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Q1. It was client round. Just a normal discussion
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