Banking Finance Insurance

AMCAT's banking and finance domain modules are used by companies in the banking and ITeS (BPO) industry to assess commerce and management graduates for various roles such as Accounting, Analyst, Taxation, Insurance, Collections, Customer Service etc. The suite of assessments in this domain is as given below:

Finance & Accounting

The Finance and Accounting assessment focuses primarily on the topics of financial and cost accounting as taught in a bachelor’s degree in commerce. The assessment has been designed for a fresh graduate who may not have any industry experience. The module has been structured as below:

• General Principles of Accounting
• Preparation of final accounts
• Types of Cost and Revenue

General Accounting

The module is designed to test commerce graduates with a few years of experience in accounting industry. It assesses their knowledge in theoretical concepts and their application. Broadly, it covers the following topics:

• Financial Accounting: To test candidate's conceptual knowledge and his/her aptitude for recording business transactions.
• Corporate Accounting: To test candidate's knowledge of preparing financial statements.
• Enterprise Business Solution: To assess candidate’s exposure ERP/stand-alone software in the field of accounting and finance.

The module is suited for hiring at lateral level in KPOs and BPOs across industrial sectors for general accounting related jobs.

Accounts Payable

The Account Payable module tests knowledge as taught in graduation as well as scenario based questions based on knowledge gained by working on the account payable process in a BPO, KPO or within an internal Account Payable’s department of an organization. The module is a unique mix of theoretical questions and practical scenario based questions testing whether the person can apply his knowledge in dealing with a real world scenario. The module discriminates between candidates having poor, average and good theoretical and working knowledge of accounts payable. It is a must for hiring candidates for Account Payable purpose.

The module comprehensively covers the following topics –

• Vendor Management
• Invoice Processing
• Payments
• Working knowledge in SAP/Oracle/JDE & Help Desk

Accounts Receivable

The Account Receivable module tests candidates on fundamentals as taught in graduation as well as scenario based questions based on knowledge gained by working on the account receivable process in a BPO, KPO or within an internal Account Receivable department of an organization. The module would discriminate between candidates having below average, average and good theoretical and working knowledge of accounts receivable such that they can, at the earliest, start contributing tangibly to the organization. This is what makes the module an essential hiring tool for companies looking to recruit for the account receivable profile.

The module comprehensively covers the following topics –

• Customer Master Data
• Vendor Management
• Credit
• Cash Applications
• B2B Collections
• Deductions