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Genpact Management Trainee Interview Questions and Answers
168 Interview questions
The five pillars of AML are essential components for effective anti-money laundering programs in financial institutions.
1. Customer Due Diligence (CDD): Understanding the customer's identity and risk profile. Example: Verifying identity documents.
2. Transaction Monitoring: Continuously monitoring transactions for suspicious activity. Example: Flagging large cash deposits.
3. Reporting Suspicious Activities: Obligat...
Journal entries for expenses reflect the costs incurred by a business, impacting both the expense and cash or liability accounts.
Expenses are recorded as debits in the expense account.
For example, if you incur a utility expense of $200, the entry would be: Debit Utility Expense $200.
The corresponding credit would typically be to Cash or Accounts Payable, depending on whether the expense was paid immediately or bil...
The deferral concept involves postponing the recognition of revenue or expenses until a future date.
Deferral is used in accounting to match revenues and expenses to the period they relate to.
Examples include prepaid expenses (like insurance) and unearned revenue (like advance payments for services).
Prepaid expenses are recorded as assets until they are used, then expensed over time.
Unearned revenue is recorded as ...
The accrual concept recognizes revenues and expenses when they occur, regardless of cash transactions.
Revenues are recorded when earned, not when cash is received. Example: A service provided in December is recorded in December, even if paid in January.
Expenses are recognized when incurred, not when paid. Example: A utility bill for December is recorded in December, even if paid in January.
This concept ensures tha...
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Prepaid expenses are payments made in advance for goods or services to be received in the future, recorded as assets.
Prepaid expenses are recorded as assets on the balance sheet.
When the expense is incurred, the prepaid amount is then expensed.
Example: If a company pays $1,200 for a one-year insurance policy, it records $1,200 as a prepaid expense.
Each month, the company will expense $100, reducing the prepaid ass...
Journal entry for selling fixed assets at a profit involves recording the sale proceeds and removing the asset from the books.
Debit Cash/Bank for the sale proceeds received.
Debit Accumulated Depreciation to remove it from the books.
Credit Fixed Asset account to eliminate the asset's cost.
Credit Profit on Sale of Asset for the profit earned on the sale.
Genpact HR Interview Questions
PO (Purchase Order) is a formal request to buy goods/services, while NON-PO refers to purchases made without a purchase order.
PO is a legally binding document issued by a buyer to a seller.
NON-PO transactions are often used for smaller purchases or services.
Example of PO: A company issues a PO to buy 100 laptops from a vendor.
Example of NON-PO: A company pays for office supplies directly without a PO.
Vendor reconciliation is the process of ensuring that a company's records match those of its vendors regarding transactions and payments.
Involves comparing the company's accounts payable records with vendor statements.
Helps identify discrepancies such as missing invoices or incorrect payment amounts.
Example: A company finds that it has recorded a payment of $1,000, but the vendor's statement shows $1,200.
Regular r...
Entry for prepayment involves debiting Prepaid Expenses and crediting Cash or Bank account.
Debit Prepaid Expenses account to record the amount paid in advance
Credit Cash or Bank account to show the decrease in cash due to prepayment
Adjust the Prepaid Expenses account over time as the expense is incurred
Example: If a company pays $1,200 for insurance coverage for the next 12 months, the entry would be: Debit Prepai...
Accruals and deferrals are accounting concepts used to recognize revenue and expenses in the period they are earned or incurred, regardless of when cash is exchanged.
Accruals involve recognizing revenue or expenses before cash is exchanged.
Deferrals involve recognizing revenue or expenses after cash is exchanged.
Accruals are recorded with a debit to an expense or asset account and a credit to a liability or revenu...
Genpact Management Trainee Interview Experiences
258 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
- 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?
- 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?
- Q2. What are the challenges you have faced in the work?
(2 Questions)
- Q1. Are you ready to relocate?
- Q2. What is your package expectations?
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?
- 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?
- 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 -
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Process Developer
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|  ₹2.4 L/yr - ₹7.1 L/yr |
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