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Rio Tinto Interview Questions and Answers
19 Interview questions
The asset life cycle encompasses stages from acquisition to disposal, ensuring optimal management and value realization.
1. Planning: Identify needs and budget for the asset. Example: A hospital planning to purchase new MRI machines.
2. Acquisition: Procure the asset through purchase, lease, or rental. Example: Buying a fleet of delivery trucks for a logistics company.
3. Utilization: Actively use the asset to genera...
I would rate my Excel skills as advanced, with extensive experience in data analysis, modeling, and visualization.
Proficient in using advanced formulas like VLOOKUP, INDEX-MATCH, and nested IF statements for complex data analysis.
Experienced in creating pivot tables to summarize large datasets and extract meaningful insights.
Skilled in data visualization using charts and graphs to present findings clearly and effe...
Managed complex accounting projects involving revenue recognition, mergers and acquisitions, and financial statement analysis.
Led a team in implementing new revenue recognition standards, ensuring compliance with GAAP
Managed the accounting aspects of a merger, including due diligence, purchase price allocation, and integration of financial systems
Conducted detailed financial statement analysis to identify trends, ...
I implemented process improvements and negotiated better vendor contracts to reduce costs.
Identified inefficiencies in current processes and proposed solutions to streamline operations
Negotiated with vendors to secure better pricing and terms for supplies and services
Implemented cost-saving measures such as switching to more cost-effective suppliers or technologies
Analyzed spending patterns and identified areas wh...
I measure team performance through a combination of KPIs, regular feedback sessions, and performance reviews.
Establish key performance indicators (KPIs) to track team progress
Conduct regular feedback sessions to address strengths and areas for improvement
Schedule periodic performance reviews to evaluate individual and team achievements
Utilize tools like balanced scorecards or dashboards to visualize performance da...
I have worked with SAP, Oracle, and Microsoft Dynamics ERP software.
Experience with SAP ERP software
Proficiency in Oracle ERP software
Familiarity with Microsoft Dynamics ERP software
Rio Tinto HR Interview Questions
Asset under construction refers to assets that are being constructed or developed but are not yet completed and ready for use.
Assets under construction are not yet in use and are still being developed or built.
These assets are typically recorded as a separate category on the balance sheet until they are completed and ready for use.
Examples include buildings, machinery, and infrastructure projects that are still in...
Depreciation is for tangible assets like buildings and machinery, while amortization is for intangible assets like patents and copyrights.
Depreciation is the allocation of the cost of tangible assets over their useful life.
Amortization is the allocation of the cost of intangible assets over their useful life.
Depreciation is typically used for assets like buildings, machinery, and vehicles.
Amortization is typically...
Asset revaluation is the process of adjusting the value of assets on a company's balance sheet to reflect their current market value.
Asset revaluation is typically done to ensure that the assets are not carried on the balance sheet at a value that is significantly different from their current market value.
Revaluation can result in an increase or decrease in the value of assets, which can impact the company's finan...
The life cycle of an asset refers to the stages it goes through from acquisition to disposal.
Acquisition: The asset is obtained and put into use.
Utilization: The asset is used for its intended purpose.
Maintenance: Regular maintenance and repairs are performed to ensure optimal performance.
Depreciation: The asset loses value over time due to wear and tear.
Disposal: The asset is either sold, scrapped, or otherwise d...
Rio Tinto Interview Experiences
43 interviews found
Anonymous
Selected
I applied via Approached by Company and was interviewed in May 2024. There were 2 interview rounds.
(2 Questions)
- Q1. What is life cycle of asset
- Ans.
The life cycle of an asset refers to the stages it goes through from acquisition to disposal.
Acquisition: The asset is obtained and put into use.
Utilization: The asset is used for its intended purpose.
Maintenance: Regular maintenance and repairs are performed to ensure optimal performance.
Depreciation: The asset loses value over time due to wear and tear.
Disposal: The asset is either sold, scrapped, or otherwise dispos...
- Q2. Difference between depreciation and amortization
(2 Questions)
- Q1. What is Asset under construction
- Ans.
Asset under construction refers to assets that are being constructed or developed but are not yet completed and ready for use.
Assets under construction are not yet in use and are still being developed or built.
These assets are typically recorded as a separate category on the balance sheet until they are completed and ready for use.
Examples include buildings, machinery, and infrastructure projects that are still in the ...
- Q2. What is Asset revaluation
- Ans.
Asset revaluation is the process of adjusting the value of assets on a company's balance sheet to reflect their current market value.
Asset revaluation is typically done to ensure that the assets are not carried on the balance sheet at a value that is significantly different from their current market value.
Revaluation can result in an increase or decrease in the value of assets, which can impact the company's financial ...
Interview Preparation Tips
- Fixed Assets
- Depreciation
- Amortization
- Sale of fixed asset
- Q1. Basic accouting questions
- Q2. Basic accounting questions
Selected
I applied via Referral and was interviewed in Oct 2023. There was 1 interview round.
(7 Questions)
- Q1. Explain entire P2P cycle and top 3 risks & controls.
- Q2. Rate yourself out of 10 on MS Excel, communication skills and aggressiveness
- Q3. Do you have experience of PowerBI
- Ans.
Yes, I have experience with PowerBI, utilizing it for data visualization and reporting in various projects.
Developed interactive dashboards to visualize key performance indicators for risk management.
Utilized Power Query to clean and transform data from multiple sources for analysis.
Created automated reports that provided insights into compliance metrics, improving decision-making.
Collaborated with cross-functional tea...
- Q4. What is your favourite business process and why
- Q5. What are the external and internal indicators of Asset Impairment
- Q6. Where Inter Company balance comes in Consolidated Financial Statements
- Q7. Why you leaving your current job
Interview Preparation Tips
(1 Question)
- Q1. Background experience, previous client facing challenges
(5 Questions)
- Q1. What is accounting cycle P2p cycle Fixed asset process flow Chart of accouts Journal entries
- Ans.
The accounting cycle is the process of recording, summarizing, and analyzing financial transactions of a business.
The accounting cycle typically includes steps such as journalizing transactions, posting to the general ledger, preparing trial balances, adjusting entries, preparing financial statements, and closing entries.
P2P cycle refers to the procure-to-pay process, which involves purchasing goods or services, receiv...
- Q2. Logcal thinking People management Team player
- Ans. Work with dedication to get result not just for the sake of completion of work.
- Q3. Situation based scenario
- Q4. Handling the pressure
- Q5. Ready to help team member always
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Jul 2023. There were 3 interview rounds.
(3 Questions)
- Q1. They took a technical test for basic accounting skill and also take one email writing.
- Q2. Basic accounting knowledge test
- Q3. Email writing for the response from client
(1 Question)
- Q1. Overall they asked me about my current profile in detail some of they asked accounting questions.
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
Discussed related to hr compliance and case management
Interview Preparation Tips
Though this is not the case with other companies. So be you during interview and focus on knowledge and content. Most of the companies focus on skills and experience than you language skills.
(2 Questions)
- Q1. Self introduction
- Q2. About Experience
Selected
I applied via Job Portal and was interviewed in Apr 2023. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. What are your strenths
(3 Questions)
- Q1. What is intercompany recharge
- Ans.
Intercompany recharge is the process of one company billing another company within the same corporate group for shared services or expenses.
Intercompany recharges are common in multinational corporations with multiple subsidiaries.
It helps allocate costs accurately among different entities.
Examples include charging for IT services, rent, or administrative support provided by one subsidiary to another.
- Q2. What is Blackline reconciliation
- Ans.
Blackline reconciliation is a process used in accounting to ensure the accuracy of financial statements by comparing two sets of records.
Blackline reconciliation involves comparing financial records from different sources to identify discrepancies or errors.
It helps in ensuring the accuracy of financial statements and detecting any fraudulent activities.
Automated tools like Blackline software are often used to streamli...
- Q3. What is your greatest acheivements
Interview Preparation Tips
Selected
I appeared for an interview before Feb 2024.
(2 Questions)
- Q1. Can you describe the challenging accounting projects you have managed?
- Ans.
Managed complex accounting projects involving revenue recognition, mergers and acquisitions, and financial statement analysis.
Led a team in implementing new revenue recognition standards, ensuring compliance with GAAP
Managed the accounting aspects of a merger, including due diligence, purchase price allocation, and integration of financial systems
Conducted detailed financial statement analysis to identify trends, varia...
- Q2. What ERP software have you worked with?
- Ans.
I have worked with SAP, Oracle, and Microsoft Dynamics ERP software.
Experience with SAP ERP software
Proficiency in Oracle ERP software
Familiarity with Microsoft Dynamics ERP software
(2 Questions)
- Q1. What is your approach to measuring team performance?
- Ans.
I measure team performance through a combination of KPIs, regular feedback sessions, and performance reviews.
Establish key performance indicators (KPIs) to track team progress
Conduct regular feedback sessions to address strengths and areas for improvement
Schedule periodic performance reviews to evaluate individual and team achievements
Utilize tools like balanced scorecards or dashboards to visualize performance data
- Q2. Can you describe how you contributed to reducing costs within the company?
- Ans.
I implemented process improvements and negotiated better vendor contracts to reduce costs.
Identified inefficiencies in current processes and proposed solutions to streamline operations
Negotiated with vendors to secure better pricing and terms for supplies and services
Implemented cost-saving measures such as switching to more cost-effective suppliers or technologies
Analyzed spending patterns and identified areas where c...
(2 Questions)
- Q1. Salary discussion and negotiations
- Q2. Preferred location and joining date
Interview Preparation Tips
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Rio Tinto Interview FAQs
The duration of Rio Tinto interview process can vary, but typically it takes about less than 2 weeks to complete.
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Rio Tinto Reviews and Ratings
based on 266 reviews
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