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Questions of Finance

Finance interview questions

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0% found this document useful (0 votes)
27 views

Questions of Finance

Finance interview questions

Uploaded by

Kaustubh
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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A collaborative effort by D2P(Degree to Placement)

Telegram link (https://t.me/caplacements ) &


crowdsourcing of material for CA Fresher’s of Nov-23

Purpose: To help CA Fresher’s navigate well in the interview process, we have gathered
the information from various social media channel,

Disclaimer: Please note we are not authors of this document and we are just facilitating
candidates, so we don’t take the responsibility of authenticity of the contents, hence no
one takes any responsibility for any loss or damage that may occur to any candidate by
referring this

Points To Be Kept in Mind Before Referring


● This list contains technical round interview questions.

Why this?
➢ These questions are a compilation of questions asked from the candidates who
recentlygot interviewed in big4s and Corporates.
● TIPS for Interview Preparation-
1. You do not have to cram\learn everything word by word for Interview. Just
get a basic idea of everything so that you can explain that in your own
language.
2. Treat Interviews as two-way communication.
3. Just be yourself and try to explain as much as you can.

Crowd Sourced by D2P-Degree To placements Telegram link (https://t.me/caplacements)


| CA. Deepak S. Mulchandani

Sr. Questions on Finance


No.
1 Any issues faced in IND AS 116 and how you solve it
2 Any example of in-house Intangible asset capitalized you have seen
3 ND AS 115 with one example
4 What are prepaid expenses and what is the entry to be recorded in next year for
the prepaid expenses made in the current financial year.
5 Explain Depreciation and explain why Land is not depreciated.
6 What are Accrued expenses and explain with JE.
7 What is Bank Reconciliation
8 Revenue recognition
9 Diff in direct tax and indirect tax
10 Describe job profile
12 What do you know about Business Finance/ MIS Reporting? How is it helpful
for the organization?
13 Describe Budgeting and components you consider while budgeting your
company?
14 How will you recognize revenue in case of service project lasting for 10 months?

15 Is rupee depreciation good for entity like Wipro?


16 What is to be mentioned on first page of MIS?
17 How do you account in case of a company having a herd of sheep?
18 How do you value raw materials as IND AS 2?
19 What is hedge accounting and is it mandatory for every company to follow hedge
accounting?
20 conversion rates used in IND as 21
21 Control definition as per IND as 110
22 Revenue recognition in IND as 115
23 Ind AS 116,109,21,115
24 Audit Procedures for Inventory, Trade Receivables, PPE
25 What is Deferred Tax, What do you know about Ind As 116, How to calculate
ROU Asset.
26 CARO Reporting on PPE, Is it mandatory for companies to use useful life as per
Companies Act, 2013.
27 Control testing procedures and implementation from client perspective
28 revenue cycle of zomato
29 Difference between Merger and acquisitions
30 Highlights of key points in equity research analyst paper
31 What is role of equity research analyst
32 Indas 24 disclosures
33 Schedule 3 basic categorizations
34 Indas 115 revenue recognition steps
35 Important Ratios to look in Financials
36 Interest Coverage Ratio

For Placements https://www.deepakmulchandani.com https://t.me/caplacements


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| CA. Deepak S. Mulchandani

37 Budget Updates
38 MS Excel- Syntax of VLOOKUP and Pivot Table Fields
39 Effects in Financial Statements on Purchase of Equipment
40 What was the impact of USD when biden won the president election
41 What is option? How do portfolio hedge use option. What do you mean by option
premium
42 Relationship between Gold INR USD OIL
43 Provisions of FEMA under companies Act
44 Tax treatment for merger and amalgamation under Income tax Act
45 Situational question about personal financial planning
46 How would you handel HNI Clients
47 What is Mutual fund
48 What is DCF Model
49 Guesstimates
50 4 Ps of marketing
51 Twill me about your past work experience and have you worked with any listed
company?
52 Questions on Ind AS 116, 115, 19
53 The turnover of the companies and the challenges faced by me during the audit

54 What is sec 135 about?


55 CSR Applicability, corporate tax rate
56 Any new IND AS in past two years which may have affected your client in a big
way
57 Importance of debt equity ratio
58 What would you do if you were in a certain position
59 Internal rate of return
60 Private equity
61 What is a deferred tax asset?
62 What are types of financial products and how well do you know about it?

63 What is an accrual?
64 What is deferred Tax and how do you treat it over the years?
65 What is the Journal entry of a merger?
66 Tell abt challenges that faced while financial reporting in different industries
that you have worked in articleship
67 Who is your inspiration & why
68 What is the difference between financial lease and operating lease?
69 Tax treatment in case of mergers and acquisitions
70 Budget related questions
71 How to build a Financial Model of a new manufacturing company?
72 If you are given two projects with no information about it. How would you
choose on the basis of risk?
73 What is working capital cycle?

For Placements https://www.deepakmulchandani.com https://t.me/caplacements


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| CA. Deepak S. Mulchandani

74 Which type of Mutual fund you will suggest?


75 How to calculate NAV of Mutual Fund?
76 What is the difference between Schene and plan of Mutual Fund?
77 Capital Asset pricing model & implications on portfolio management
78 Ratios with formula and implications on analysis
79 What are the key points to be kept in mind while analyzing the financial position
of company from its financial statements?
80 What are the methods of Cash Flow statement and give at least one example of
each activity?
81 What is the need for Cash Flow Statements?
82 What do you understand by debt covenant?
83 What do you mean by debt extinguishment?

For Placements https://www.deepakmulchandani.com https://t.me/caplacements


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