Record to Report Most Important Questions and Answer | R2R Full Interview 2024 | Corporate Wala R2R

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Important Resources for Interview Preparation:

📌 R2R (Record to Report) 3 days Video Course - https://bit.ly/corporatewalar2r
📌 P2P (Accounts Payable) 3 days Video Course - https://bit.ly/corporatewalap2p
📌 O2C (Accounts Receivable) 3 days Video Course - https://bit.ly/Corporatewalao2c
📌 Journal Entries Made Simple eBook- https://bit.ly/JEMSeBook
📌 Accounts Payable Key Concept eBook - https://bit.ly/APp2pebook
📌 Accounts Receivable Key Concept eBook - https://bit.ly/AReBook
📌 Accounts Payable Tricky Questions eBook - https://bit.ly/APTebook
📌 R2R (Record to Report) 2 days Video Course - https://bit.ly/449neI3
📌 P2P (Accounts Payable) 2 days Video Course - https://bit.ly/47vCTV1
📌 O2C (Accounts Receivable) 2 days Video Course - https://bit.ly/3KH3ogw

In this video I have covered the most important record to report interview questions along with the answer (by the candidate). This R2R mock interview will help you in understanding the type of questions you can expects in a record to report interview in top MNC like Accenture, Genpact, EXL etc.

In this video I have answered following questions:

00:00 - Tell me Something about yourself?
00:43 - Tell me something about your current job?
01:16 - Why you are interested in this position or job?
01:34 - Describe how you dealt with a challenging situation in your current role?
02:44 - What are your strengths and weakness?
03:28 - Give me example of something you learned quickly?
03:45 - How would you collaborate with other team members or stakeholders?
04:44 - How will you manage the tight deadlines and quick TAT?
05:59 - How is your current experience is relevant for this role you have applied?
06:59 - What is CC reconciliation?
07:25 - What is Deferred Revenue?
07:39 - Where will you show the deferred revenue in Financial Statement and why?
07:57 - What are Accruals?
08:03 - Where will you show the Accruals in Financial Statement and why?
08:31 - Why do we reverse the accruals?
10:25 - How would you handle conflict at workplace?
10:52 - Explain the situation when you had to stretch at work and why?
11:19 - Are you comfortable with Stretch ?
11:38 - What is Record to Report Process?
11:56 - What is General Ledger and What is Sub ledger?
12:44 - What is Reconciliation?
13:10 - What is Bank Reconciliation Process and how you do it?
13:30 - How will you teat the open item in a Bank Reconciliation?
14:21 - What is Revaluation?
14:43 - What is the difference between Accruals and Deferrals?
14:59 - What do you mean by Intercompany?
15:42 - Do you have experience of working on Inter-company reconciliations?
15:52 - What kind of open items you will find in a Inter-company reconciliation?
16:50 - Importance of Accruals and Deferrals?
17:16 - What will be the Journal entry of credit purchase of Fixed Assets?
17:40 - What will the the Journal entry for transfer of Fixed assets to a Intercompany?
18:12 - What is Consolidation?
18:29 - What will be the journal entry for interest on outstanding loan?
18:50 - What will be the journal entry for accounts payable?
20:10 - What will be the journal entry for collection from debtors?
20:20 - How would you ensure Accuracy in your work?
21:00 - What are the golden rules of Accounting?
21:30 - What are Financial statements and can you give me examples of Financial Statements?
22:06 - Can you walk me through the transaction processing cycle? (Accounting Cycle),
22:44 - What is Disposal of Fixed Assets?
22:59 - What is the journal entry of disposal of Fixed Assets?
23:38 - What is Accumulated Depreciation?
23:52 - What is Amortization?
24:12 - What is Tangible Assets?
24:30 - Can you give me example of one Asset on which we don't charge depreciation and why?
25:58 - What is ledger balance?
26:04 - What are closing entries?
26:22 - Explain the month end process of record to report process?
27:56 - Explain the reconciliation process of your current organization?
29:35 - What is the difference between Trial Balance and Balance sheet (TB vs BS)
23:52 - What is Amortization?