Question: What Is R2r Process?

How can I prepare for Genpact interview?

Explain the Surrogate Key in DBMS….HR Interview:Where do you see yourself in 5 years?Why do you want to work with Genpact?What are the major challenges of the High Tech and Insurance industry?List a few of your achievements.

What are you weaknesses?How would you deal with an angry customer?.

What is r2r process in SAP?

Record to Report (R2R) is a Finance and Accounting (F&A) management process that involves collecting, processing, and delivering relevant, timely, and accurate information. It provides strategic, financial, and operational feedback on how a business is performing.

What are the questions asked in r2r interview?

R2R at Accenture was asked… explain with an journal entry ? what is prepaid? expain with an journal entry ? what is bad debt and provision for bad debt ?

What does r2r mean in property?

Rent to RentKnown as Rent to Rent (R2R) or multi-let this is where an individual or company rents a property from a landlord and is meant to pay a fixed and guaranteed rent to the landlord while they sublet the property to tenants normally on a room by room basis.

What is GL process?

A general ledger represents the record-keeping system for a company’s financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company.

What is a GL reconciliation?

General Ledger Reconciliation is the process performed by accountants to verify the integrity of account balances on the company’s general ledger of accounts.

What is p2p and r2r?

Record-to-Report (R2R) Outsourcing – Moving Beyond General Accounting. … The Finance & Accounting (F&A) function comprises three end-to-end processes – Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R).

Who is owner of Genpact?

NV Tyagarajan (Jun 17, 2011–)Genpact/CEO

How does r2r process work?

Record to report (R2R) is a finance and accounting management process which involves collecting, processing, and presenting timely and accurate financial data. … This process helps to provide strategic, financial, and operational feedback into the performance of the company or organization.

What are the 3 best questions to ask in an interview?

3 Questions You Absolutely Must Ask at a Job Interview1.”What Will Be the Biggest Challenge for the Person Filling This Position?” … “Why Is This Position Available?” … “What Would Other Employees Say Is the Best Part About Working Here?” … Remember…

What is order to cash process?

Order to Cash also known as O2C or OTC is the business process that covers the entirety of the order processing system right from receiving the order to up until the point the payment is made and an entry is logged in your accounting books.

What is the GL in accounting?

The general ledger is an accounting document that provides a general overview of an organization’s financial transactions. An account, or general ledger (GL) code, is a number used to record business transactions in the general ledger.

What is r2r process in Genpact?

We blend design thinking with finance expertise to rethink the record to report (R2R) function. With a faster, error-free financial close process that uses RPA and AI, we transform your R2R processes and enable timely reporting.

What is AR cycle?

Accounts Receivable (AR) refers to the outstanding invoices a company has, or the money it is owed from its clients. … In business, AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year.

Is rent to rent a good idea?

…rent-to-rent allows you to generate cash quickly, with far less of a need for capital than normal buy-to-let. It’s far from perfect (we’ll come to the drawbacks in a moment), but if you’re keen to get involved in property but don’t have much in the way of cash…it’s probably sounding pretty good to you at the moment.

What is AR process in BPO?

Cash application is a process relating to accounts receivable (AR), where incoming payments are applied to the corresponding customer invoice. Whether it is a cash or wire (EFT) payment, a monthly bank reconciliation is performed by the accounts payable (AP) assistant and the AR assistant within two days of month-end.