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Infosys BPM
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Prepaid expenses are assets paid for in advance but not yet used, so the accounting entry involves debiting an asset account and crediting a liability account.
Debit the Prepaid Expense account (asset account) to increase its balance
Credit the Cash/Bank account or Accounts Payable account to decrease the balance
As the prepaid expense is used up, it is recognized as an expense on the income statement
Examples: Prepai...
Accrued expenses refer to expenses that have been incurred but not yet paid.
Accrued expenses are recorded as liabilities on the balance sheet.
They are typically recognized at the end of an accounting period.
Examples include accrued salaries, interest, and utilities.
Accrued expenses are important for accurate financial reporting.
Amortization entry is a financial accounting process of spreading the cost of an intangible asset over its useful life.
Amortization entry is used to allocate the cost of intangible assets such as patents, copyrights, and trademarks over their useful life.
It helps in matching the expense of the asset with the revenue it generates.
The entry typically involves debiting amortization expense and crediting accumulated a...
Lean is a methodology focused on maximizing customer value while minimizing waste.
Lean is about continuously improving processes to eliminate waste and increase efficiency.
It involves identifying value from the customer's perspective and streamlining operations to deliver that value.
Lean principles include Kaizen (continuous improvement), Just-in-Time production, and Jidoka (automation with a human touch).
Examples...
A service level is a metric used to measure the performance of a service provider in meeting customer expectations.
Service level agreements (SLAs) define the expected level of service to be provided
Service levels are often expressed as a percentage of time that a service is available or delivered within a certain timeframe
Monitoring and reporting on service levels helps identify areas for improvement
Example: A ser...
SLAs are agreements between a service provider and a customer that outline the level of service expected.
SLAs define the scope, quality, and responsibilities of the service provider.
They include metrics such as response time, resolution time, and uptime guarantees.
Penalties may be specified for failing to meet SLA requirements.
Examples include a web hosting company guaranteeing 99.9% uptime or a call center promis...
An amortization entry is a financial transaction that spreads the cost of an intangible asset over its useful life.
Amortization entries are used to gradually reduce the value of intangible assets on the balance sheet.
They are typically recorded as a debit to amortization expense and a credit to the intangible asset account.
Examples of intangible assets that may require amortization entries include patents, tradema...
Depreciation entry in accounting involves allocating the cost of an asset over its useful life.
Calculate the depreciation expense using a chosen method (straight-line, double-declining balance, units of production, etc.)
Debit the depreciation expense account and credit the accumulated depreciation account
Adjust the book value of the asset on the balance sheet
Repeat the process each accounting period until the asse...
Implemented automation ideas include introducing automated email notifications for order status updates and setting up automated data backups.
Introduced automated email notifications for order status updates to improve communication with customers
Set up automated data backups to ensure data security and prevent loss
Suggested implementing automated inventory management system to streamline operations and reduce man...
I have proposed implementing robotic process automation (RPA) for repetitive tasks, using workflow automation tools, and integrating AI for data analysis.
Proposed implementing robotic process automation (RPA) for repetitive tasks to increase efficiency
Suggested using workflow automation tools to streamline processes and reduce manual errors
Recommended integrating AI for data analysis to improve decision-making and...
I appeared for an interview in Dec 2024.
My notice period is 1 month, and my current salary is $60,000 per year.
Notice period is 1 month
Current salary is $60,000 per year
An amortization entry is a financial transaction that spreads the cost of an intangible asset over its useful life.
Amortization entries are used to gradually reduce the value of intangible assets on the balance sheet.
They are typically recorded as a debit to amortization expense and a credit to the intangible asset account.
Examples of intangible assets that may require amortization entries include patents, trademarks, ...
Depreciation entry in accounting involves allocating the cost of an asset over its useful life.
Calculate the depreciation expense using a chosen method (straight-line, double-declining balance, units of production, etc.)
Debit the depreciation expense account and credit the accumulated depreciation account
Adjust the book value of the asset on the balance sheet
Repeat the process each accounting period until the asset is ...
Types of reconstruction currently being undertaken include urban, environmental, and infrastructure reconstruction.
Urban reconstruction - rebuilding of cities and towns after natural disasters or conflicts
Environmental reconstruction - restoration of ecosystems and habitats
Infrastructure reconstruction - repairing or upgrading of roads, bridges, and utilities
Examples: rebuilding of New Orleans after Hurricane Katrina, ...
Seeking new challenges and growth opportunities in a dynamic work environment.
Looking for new challenges and opportunities for growth
Seeking a more dynamic work environment
Interested in taking on more responsibilities as an Assistant Manager
Implemented automation ideas include introducing automated email notifications for order status updates and setting up automated data backups.
Introduced automated email notifications for order status updates to improve communication with customers
Set up automated data backups to ensure data security and prevent loss
Suggested implementing automated inventory management system to streamline operations and reduce manual e...
Prepaid expenses are assets paid for in advance but not yet used, so the accounting entry involves debiting an asset account and crediting a liability account.
Debit the Prepaid Expense account (asset account) to increase its balance
Credit the Cash/Bank account or Accounts Payable account to decrease the balance
As the prepaid expense is used up, it is recognized as an expense on the income statement
Examples: Prepaid ren...
Amortization entry is a financial accounting process of spreading the cost of an intangible asset over its useful life.
Amortization entry is used to allocate the cost of intangible assets such as patents, copyrights, and trademarks over their useful life.
It helps in matching the expense of the asset with the revenue it generates.
The entry typically involves debiting amortization expense and crediting accumulated amorti...
Lean is a methodology focused on maximizing customer value while minimizing waste.
Lean is about continuously improving processes to eliminate waste and increase efficiency.
It involves identifying value from the customer's perspective and streamlining operations to deliver that value.
Lean principles include Kaizen (continuous improvement), Just-in-Time production, and Jidoka (automation with a human touch).
Examples of L...
Six Sigma techniques include DMAIC, Lean Six Sigma, Root Cause Analysis, and Statistical Process Control.
DMAIC (Define, Measure, Analyze, Improve, Control) is a structured problem-solving methodology used to improve processes.
Lean Six Sigma combines Six Sigma methods with Lean manufacturing principles to reduce waste and improve efficiency.
Root Cause Analysis is a technique used to identify the underlying cause of a pr...
A service level is a metric used to measure the performance of a service provider in meeting customer expectations.
Service level agreements (SLAs) define the expected level of service to be provided
Service levels are often expressed as a percentage of time that a service is available or delivered within a certain timeframe
Monitoring and reporting on service levels helps identify areas for improvement
Example: A service ...
SLAs are agreements between a service provider and a customer that outline the level of service expected.
SLAs define the scope, quality, and responsibilities of the service provider.
They include metrics such as response time, resolution time, and uptime guarantees.
Penalties may be specified for failing to meet SLA requirements.
Examples include a web hosting company guaranteeing 99.9% uptime or a call center promising t...
I have proposed implementing robotic process automation (RPA) for repetitive tasks, using workflow automation tools, and integrating AI for data analysis.
Proposed implementing robotic process automation (RPA) for repetitive tasks to increase efficiency
Suggested using workflow automation tools to streamline processes and reduce manual errors
Recommended integrating AI for data analysis to improve decision-making and fore...
Accrued expenses refer to expenses that have been incurred but not yet paid.
Accrued expenses are recorded as liabilities on the balance sheet.
They are typically recognized at the end of an accounting period.
Examples include accrued salaries, interest, and utilities.
Accrued expenses are important for accurate financial reporting.
Top trending discussions
posted on 26 Jan 2017
I appeared for an interview before Jan 2016.
posted on 2 May 2021
I applied via Recruitment Consultant and was interviewed in Apr 2021. There were 4 interview rounds.
posted on 9 Oct 2021
I applied via Referral and was interviewed in Sep 2021. There were 4 interview rounds.
posted on 22 Apr 2024
I applied via Naukri.com and was interviewed before Apr 2023. There were 2 interview rounds.
My strategy focuses on clear communication, empowerment, and continuous improvement to foster a productive team environment.
Establish clear goals: Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) objectives for the team to ensure alignment.
Encourage open communication: Foster an environment where team members feel comfortable sharing ideas and feedback, enhancing collaboration.
Empower team members: De...
I applied via LinkedIn and was interviewed in Aug 2023. There was 1 interview round.
I appeared for an interview in Nov 2024, where I was asked the following questions.
posted on 23 Mar 2022
I applied via Naukri.com and was interviewed before Mar 2021. There was 1 interview round.
To manage high Average Handling Time (AHT), focus on training, process optimization, and effective communication.
Conduct regular training sessions to enhance team skills, e.g., role-playing scenarios to improve customer interactions.
Analyze call data to identify common issues causing delays, such as frequent transfers or complex queries.
Implement a knowledge base for quick access to information, reducing time spent sea...
posted on 2 Jun 2022
I applied via Referral and was interviewed in Dec 2021. There was 1 interview round.
FR claim paid refers to the amount paid by the insurance company for a claim made under the French insurance system.
FR stands for France, where the insurance claim was made.
The FR claim paid is the amount paid by the insurance company to the policyholder for a claim made under the French insurance system.
This amount may vary depending on the type of insurance policy and the nature of the claim.
For example, if a policyh...
Attrition and shrinkage can be controlled through effective communication, employee engagement, and regular training.
Regularly communicate with employees to understand their concerns and address them promptly
Create a positive work environment that fosters employee engagement and loyalty
Provide regular training and development opportunities to help employees grow and feel valued
Implement effective performance management...
posted on 9 Oct 2023
I applied via Naukri.com and was interviewed before Oct 2022. There were 3 interview rounds.
General and basic knowledge questions
Some of the top questions asked at the Infosys BPM Assistant Manager Operations interview -
based on 3 interview experiences
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based on 31 reviews
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