IHG Interview Questions and Answers

Achieving benchmarks requires strategic planning, effective resource management, and continuous performance evaluation.

• Set clear, measurable goals aligned with organizational objectives, such as reducing project costs by 10%.

• Implement regular performance reviews to assess progress towards benchmarks, like quarterly financial audits.

• Utilize data analytics to identify trends and areas for improvement, such as analyz...read more

The O2C cycle, or Order to Cash cycle, encompasses all steps from order placement to cash receipt.

• Order Placement: Customer places an order through various channels.

• Order Fulfillment: The order is processed, picked, packed, and shipped.

• Invoicing: An invoice is generated and sent to the customer for payment.

• Payment Collection: The customer makes the payment, completing the transaction.

• Reporting: Analysis of the cyc...read more

Deferrals are revenues or expenses that are recognized at a later date instead of immediately when they are incurred.

• Deferrals involve postponing the recognition of revenue or expenses to a future period.

• Common examples of deferrals include prepaid expenses, unearned revenue, and deferred tax assets/liabilities.

• Prepaid expenses are costs that are paid in advance but recognized as expenses over time as they are use...read more

Accruals are adjustments made to financial statements to ensure that revenues and expenses are recognized in the period they are earned or incurred, regardless of when cash is exchanged.

• Accruals help match revenues and expenses to the period in which they are incurred, providing a more accurate representation of a company's financial performance.

• Examples of accruals include accrued interest, accrued wages, and acc...read more

To make a garden, start by selecting a location, preparing the soil, choosing plants, planting them, and maintaining the garden.

• Select a sunny location with well-drained soil

• Prepare the soil by removing weeds, tilling, and adding compost or fertilizer

• Choose plants that are suitable for the climate and soil conditions

• Plant the selected plants according to their spacing and depth requirements

• Water, mulch, and fertil...read more

Flower decoration involves selecting flowers, arranging them creatively, and adding complementary elements for a visually appealing display.

• Select a variety of flowers in different colors, shapes, and sizes

• Arrange the flowers in a vase or container, starting with the largest blooms in the center

• Add greenery or filler flowers to fill in gaps and add texture

• Consider adding decorative elements like ribbons, beads, or...read more

Hospitality is the act of providing a welcoming and accommodating environment for guests or customers.

• Hospitality involves creating a positive experience for guests or customers

• It includes providing excellent customer service and anticipating needs

• Hospitality can be found in various industries such as hotels, restaurants, and tourism

• Examples include greeting guests with a smile, offering assistance, and ensuring a...read more

The Golden Rules of Accounting are basic principles that guide the recording of financial transactions.

• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains