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Genpact
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Genpact Management Trainee Interview Questions and Answers
169 Interview questions
Depreciation methods allocate the cost of an asset over its useful life, impacting financial statements and tax calculations.
Straight-Line Depreciation: Allocates equal expense each year. Example: A $10,000 asset with a 5-year life depreciates $2,000 annually.
Declining Balance Method: Accelerated depreciation, higher expense in early years. Example: 200% declining balance on a $10,000 asset.
Units of Production Met...
Journal Entries (JE) are essential for recording financial transactions in accounting, ensuring accurate financial reporting.
JE serves as the initial record of all financial transactions, ensuring a clear audit trail.
It helps maintain the double-entry accounting system, where every debit has a corresponding credit.
For example, when a company sells a product, a JE is created to record the revenue and the cost of go...
I expect a competitive CTC that reflects my skills, experience, and the industry standards for this role.
Research industry standards: For example, similar roles in my field typically offer a CTC between X and Y.
Consider my qualifications: With my degree and internship experience, I believe a CTC of Z is justified.
Flexibility: I am open to discussing the CTC based on the overall compensation package, including bene...
Incoterms are international commercial terms defining responsibilities in shipping and delivery between buyers and sellers.
Incoterms stand for International Commercial Terms, established by the ICC.
They clarify the responsibilities of buyers and sellers in international trade.
Examples include FOB (Free on Board), where the seller pays for transportation to the port.
CIF (Cost, Insurance, and Freight) means the sell...
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The Profit and Loss statement reflects both revenues and expenses, providing a comprehensive view of a company's financial performance.
Comprehensive Overview: The term 'Profit and Loss' captures both sides of the financial equation, showing how revenues are generated and expenses incurred.
Revenue vs. Expense: It highlights the relationship between income and costs, allowing stakeholders to assess profitability and...
Bad debts accounting involves recognizing uncollectible accounts and adjusting financial statements accordingly.
Initial Recognition: When a sale is made on credit, it is recorded as accounts receivable. For example, if a company sells $1,000 worth of goods on credit, it records $1,000 in accounts receivable.
Estimation of Bad Debts: Companies estimate potential bad debts using methods like the percentage of sales o...
Price variance between an invoice and a purchase order can arise from discrepancies in pricing, quantities, or terms.
Pricing Discrepancies: The invoice may reflect a different price due to discounts applied after the purchase order was issued.
Quantity Differences: If the quantity received differs from what was ordered, the total price on the invoice will vary accordingly. For example, ordering 100 units but receiv...
BRS, or Bank Reconciliation Statement, is a document that compares a company's bank statement with its own records to identify discrepancies.
Purpose: BRS helps ensure that the cash balance in the company's books matches the bank's records, identifying any errors or omissions.
Timing Differences: It accounts for transactions recorded in the company's books but not yet reflected in the bank statement, such as outstan...
Accruals are accounting adjustments for revenues and expenses that have been incurred but not yet recorded in financial statements.
Accrual accounting recognizes revenue when earned, not when received. For example, a service performed in December is recorded in December, even if payment is received in January.
Expenses are recorded when incurred, not when paid. For instance, if a company receives a utility bill in J...
Bank reconciliation ensures that a company's financial records match the bank's records, identifying discrepancies.
Compare bank statement balance with the company's cash book balance.
Identify outstanding checks that have not yet cleared the bank.
Account for deposits in transit that are recorded in the cash book but not yet reflected in the bank statement.
Adjust for bank fees or interest earned that may not be reco...
Genpact Management Trainee Interview Experiences
255 interviews found
Anonymous
I applied via Campus Placement
(2 Questions)
- Q1. Gl process making strategy
- Ans.
GL process strategy involves planning and executing activities related to general ledger accounting.
Understand the current GL process and identify areas for improvement
Set clear objectives and goals for the GL process
Implement automation tools to streamline the process
Regularly review and reconcile GL accounts to ensure accuracy
Train and educate staff on proper GL procedures
Utilize software like SAP or Oracle for effic...
- Q2. Best gl team role
(2 Questions)
- Q1. Gl manage process flow
- Ans.
Managing process flow involves overseeing the sequence of steps in a workflow to ensure efficiency and effectiveness.
Understand the current process flow and identify areas for improvement
Implement changes to streamline the process and eliminate bottlenecks
Monitor the flow of tasks and adjust as needed to meet deadlines
Use tools like flowcharts or process mapping to visualize the process
Communicate with team members to ...
- Q2. Record to report process flow
- Ans.
Record to report process flow involves recording financial transactions and preparing financial statements.
Start with recording financial transactions in journals
Post journal entries to general ledger accounts
Prepare trial balance to ensure debits equal credits
Adjust entries for accruals and deferrals
Generate financial statements like income statement and balance sheet
Selected
I applied via Naukri.com and was interviewed in Oct 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me something about yourself
- Ans.
I am a dedicated management trainee with a passion for leadership, problem-solving, and driving team success through innovative strategies.
Educational Background: Graduated with a degree in Business Administration, where I led a team project that increased efficiency by 20%.
Internship Experience: Completed an internship at XYZ Corp, where I assisted in developing a marketing strategy that boosted sales by 15%.
Leadershi...
- Q2. Job profile and opportunity discussion
(3 Questions)
- Q1. Experience discussion with interviwers
- Q2. Finance technical questions discussed
- Q3. Expected remuneration
(1 Question)
- Q1. Accounting technical questions
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed in Jul 2024. There were 2 interview rounds.
(4 Questions)
- Q1. What is your experience in the Record to Report (RTR) domain?
- Ans.
I have 3 years of experience in the Record to Report domain, including preparing financial statements and reconciling accounts.
Prepared monthly financial statements in compliance with GAAP standards
Performed account reconciliations to ensure accuracy of financial data
Assisted in the implementation of new accounting software for improved efficiency
Collaborated with cross-functional teams to streamline RTR processes
- Q2. Are you comfortable with shift work?
- Ans.
Yes, I am comfortable with shift work as I have previous experience working in shifts and understand the importance of flexibility in a dynamic work environment.
I have previous experience working in shifts and understand the importance of flexibility
I am willing to adapt my schedule to meet the needs of the job
I understand the benefits of shift work in terms of work-life balance and career advancement opportunities
- Q3. Can you provide a brief introduction about yourself?
- Ans.
I am a recent graduate with a degree in Business Administration, eager to learn and grow in a management role.
Recent graduate with a degree in Business Administration
Eager to learn and grow in a management role
Strong communication and leadership skills
Experience in team projects and problem-solving
- Q4. What is your current cost to company (CTC)?
- Ans.
My current CTC is $60,000 per year.
My current CTC is $60,000 per year
It includes my base salary, bonuses, and benefits
I also receive health insurance and retirement contributions
(10 Questions)
- Q1. Can you provide a brief self-introduction and describe your current work profile?
- Ans.
I am a recent graduate with a degree in Business Administration. Currently working as a Marketing Assistant at XYZ Company.
Recent graduate with a degree in Business Administration
Currently working as a Marketing Assistant at XYZ Company
Experience in creating marketing campaigns and analyzing market trends
- Q2. What precautions should be taken when mentioning details in your CV to ensure you can answer questions related to them effectively during an interview?
- Q3. What is the difference between revenue expenditure and capital expenditure?
- Ans.
Revenue expenditure is for day-to-day expenses while capital expenditure is for long-term assets.
Revenue expenditure is incurred for maintaining the business operations and generating revenue.
Capital expenditure is for acquiring assets that will provide benefits over multiple years.
Revenue expenditure is recorded in the income statement and is fully deductible in the year it is incurred.
Capital expenditure is recorded ...
- Q4. What is the difference between amortisation and depreciation?
- Ans.
Amortisation is the allocation of the cost of intangible assets over their useful life, while depreciation is the allocation of the cost of tangible assets over their useful life.
Amortisation is used for intangible assets like patents, copyrights, and trademarks.
Depreciation is used for tangible assets like buildings, machinery, and vehicles.
Amortisation is typically calculated using the straight-line method or the dec...
- Q5. How would you rate yourself in relation to your teammates?
- Ans.
I rate myself as a team player who actively contributes and collaborates with my teammates.
I actively participate in team meetings and discussions
I offer help and support to my teammates when needed
I communicate effectively and listen to others' ideas
I celebrate team successes and learn from failures together
- Q6. How would you calculate a rate in Excel?
- Ans.
To calculate a rate in Excel, use the formula: Rate = (Value 1 / Value 2) * 100
Enter the values you want to calculate the rate for in separate cells
In a new cell, use the formula: Rate = (Value 1 / Value 2) * 100
Value 1 is the numerator and Value 2 is the denominator
Multiply the result by 100 to get the rate percentage
For example, if Value 1 is 50 and Value 2 is 100, the formula would be: (50 / 100) * 100 = 50%
- Q7. What is the process for passing journal entries related to prepaid expenses and accruals?
- Ans.
Journal entries for prepaid expenses and accruals involve recognizing expenses before they are paid or revenue before it is received.
Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.
Accruals involve recognizing expenses or revenue before cash is exchanged.
For prepaid expenses, a journal entry would involve debiting an expense account and crediting a prepaid expense accou...
- Q8. What is your understanding of accrual and deferred accounting?
- Ans.
Accrual accounting recognizes revenue and expenses when they are incurred, regardless of when cash is exchanged. Deferred accounting recognizes revenue and expenses when cash is is exchanged.
Accrual accounting records revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid.
Deferred accounting involves postponing the recognition of revenue or expenses until a later date...
- Q9. What is a contingent liability?
- Ans.
A contingent liability is a potential liability that may occur depending on the outcome of a future event.
Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.
Examples include pending lawsuits, warranties, and guarantees.
The likelihood of the contingent liability and the amount involved must be assessed.
- Q10. What information do you have about Genpact?
- Ans.
Genpact is a global professional services firm specializing in digital transformation, analytics, and process optimization.
Genpact was founded in 1997 as a business unit within General Electric.
It became an independent company in 2005 and is headquartered in New York City.
Genpact offers services in areas such as finance and accounting, procurement, supply chain, and customer service.
The company has a presence in over 3...
Interview Preparation Tips
(2 Questions)
- Q1. Normal process related questions
- Q2. Salary discussion
(1 Question)
- Q1. Joining date and other formality
(1 Question)
- Q1. Final salary discussion and offer letter
(2 Questions)
- Q1. Introduce about yourself?
- Ans.
I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
Recent graduate with a degree in Business Administration
Passionate about leadership and problem-solving
Experience in team projects and internships
Strong communication and organizational skills
- Q2. What are the challenges you have faced in the work?
- Ans.
I have faced challenges in managing conflicting priorities, adapting to new technologies, and leading a diverse team.
Managing conflicting priorities: Juggling multiple projects with tight deadlines.
Adapting to new technologies: Learning new software systems and tools quickly.
Leading a diverse team: Managing different personalities and communication styles.
(2 Questions)
- Q1. Are you ready to relocate?
- Ans.
Yes, I am open to relocating for the right opportunity.
I am willing to relocate for career growth and new experiences.
I have relocated in the past for job opportunities and have adapted well to new environments.
I understand that relocation may be necessary for certain roles and I am prepared to make that commitment.
- Q2. What is your package expectations?
- Ans.
I am open to discussing a competitive salary based on the responsibilities and opportunities offered in the role.
I am looking for a package that reflects my skills and experience.
I am open to negotiation based on the overall benefits package.
I am more focused on the growth opportunities and learning experiences the role can provide.
I am flexible and willing to consider different compensation structures such as bonuses ...
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed in Nov 2024. There were 3 interview rounds.
(1 Question)
- Q1. I applied and was interviewed by company within 3 days of application and it was conducted online. HR round was good and was more of knowing your skills and and experience in brief.
(1 Question)
- Q1. My technical round was with my hiring manager where he or she asked me only about my work experience and in depth reason of why I left my previous company and all . The interview was very good 😊.
(1 Question)
- Q1. So the last round was with HR where only negotiation took place and I am greatful to HR for offering me a good deal and stood up for what she committed me earlier in the first round.
Mohd. Ajaj
(2 Questions)
- Q1. Can you tell me about yourself?
- Ans.
I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
Recent graduate with a degree in Business Administration
Passionate about leadership and problem-solving
Experience in leading student organizations and managing projects
Strong communication and analytical skills
Goal-oriented and eager to learn and grow in a professional setting
- Q2. Can you describe your job-related experience?
- Ans.
I have 3 years of experience in sales and customer service roles, where I consistently exceeded targets and received positive feedback from clients.
Worked in sales and customer service roles for 3 years
Consistently exceeded targets set by the company
Received positive feedback from clients for excellent service
Managed a team of sales representatives to achieve collective goals
(2 Questions)
- Q1. Can you provide details about your current job profile?
- Ans.
I am currently working as a Sales Executive in a technology company.
Responsible for generating leads and converting them into sales
Managing client relationships and providing customer support
Analyzing market trends and competitor activities
Preparing sales reports and forecasts
- Q2. What types of work are you currently involved in within the property and casualty insurance sector?
- Ans.
I am currently involved in underwriting, claims processing, and customer service within the property and casualty insurance sector.
Underwriting: Assessing risks and determining coverage for clients
Claims processing: Investigating and settling claims made by policyholders
Customer service: Assisting clients with policy inquiries and claims
Example: Analyzing property damage claims and determining coverage eligibility
Interview Preparation Tips
I appeared for an interview in Mar 2025, where I was asked the following questions.
- Q1. Can you tell me about yourself?
- Q2. What are your current roles and responsibilities?
- Ans.
As a Management Trainee, I assist in various projects, support team operations, and contribute to strategic planning and execution.
Conduct market research to identify trends and opportunities, such as analyzing competitor strategies.
Assist in project management by coordinating tasks and timelines, ensuring projects are completed on schedule.
Support team meetings by preparing agendas and taking minutes, facilitating eff...
- Q3. What is your understanding of accruals, the two-way match and three-way match methods, and the fundamentals of the Procure-to-Pay (PTP) process?
- Ans.
Accruals recognize expenses and revenues when incurred, while PTP involves procurement, invoicing, and payment processes.
Accruals: Accounting method recognizing revenues and expenses when they occur, not when cash is exchanged.
Example of accrual: A company records an expense for utilities used in December, even if the bill is paid in January.
Two-way match: Involves matching the purchase order with the invoice to ensure...
- Q4. Do you have any team handling experience or
- Ans.
I have led teams in various projects, focusing on collaboration, communication, and achieving common goals effectively.
Led a team of 5 in a marketing project, resulting in a 20% increase in engagement.
Facilitated weekly meetings to ensure all team members were aligned on objectives.
Implemented a feedback system that improved team performance and morale.
Coordinated cross-functional teams to launch a new product, meeting...
Interview Preparation Tips
I appeared for an interview in Apr 2025, where I was asked the following questions.
- Q1. Why is it referred to as a Profit and Loss statement rather than simply a profit or loss statement, considering that the outcome can only be either profit or loss?
- Ans.
The Profit and Loss statement reflects both revenues and expenses, providing a comprehensive view of a company's financial performance.
Comprehensive Overview: The term 'Profit and Loss' captures both sides of the financial equation, showing how revenues are generated and expenses incurred.
Revenue vs. Expense: It highlights the relationship between income and costs, allowing stakeholders to assess profitability and oper...
- Q2. How do you account for the price variance between an invoice and a purchase order?
- Ans.
Price variance between an invoice and a purchase order can arise from discrepancies in pricing, quantities, or terms.
Pricing Discrepancies: The invoice may reflect a different price due to discounts applied after the purchase order was issued.
Quantity Differences: If the quantity received differs from what was ordered, the total price on the invoice will vary accordingly. For example, ordering 100 units but receiving 9...
- Q3. Complete sequence of entries related to bad debts
- Ans.
Bad debts accounting involves recognizing uncollectible accounts and adjusting financial statements accordingly.
Initial Recognition: When a sale is made on credit, it is recorded as accounts receivable. For example, if a company sells $1,000 worth of goods on credit, it records $1,000 in accounts receivable.
Estimation of Bad Debts: Companies estimate potential bad debts using methods like the percentage of sales or agi...
Selected
I appeared for an interview in Dec 2024.
(2 Questions)
- Q1. Tell me about your self
- Q2. Can you provide technical points about yourself?
- Ans.
I have a strong background in computer programming and data analysis.
Proficient in programming languages such as Python, Java, and SQL
Experience with data visualization tools like Tableau and Power BI
Skilled in statistical analysis and machine learning algorithms
Completed projects involving predictive modeling and data mining
Self-motivated and hardworking individuals, there is no meaning to a job, sir; we did not mention the day Anna Hazare changed life. Please find my sweet.
Interview Preparation Tips
Genpact Interview FAQs
Some of the top questions asked at the Genpact Management Trainee interview -
The duration of Genpact Management Trainee interview process can vary, but typically it takes about less than 2 weeks to complete.
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Genpact Interviews By Designations
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- Genpact Management Trainee Interview Questions
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Rating in categories
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Process Developer
38.1k
salaries
|  ₹2.4 L/yr - ₹7.1 L/yr |
|
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| ₹1.8 L/yr - ₹4.9 L/yr |
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Assistant Manager
21.7k
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| ₹6 L/yr - ₹13.5 L/yr |
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Manager
7.8k
salaries
| ₹10.9 L/yr - ₹19 L/yr |
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