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ABB Financial Planning and Analysis Analyst Interview Questions, Process, and Tips

Updated 20 Jul 2023

Top ABB Financial Planning and Analysis Analyst Interview Questions and Answers

View all 7 questions

ABB Financial Planning and Analysis Analyst Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Jan 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Technical 

(2 Questions)

  • Q1. Costing related topics like Cost Center, Profit center.
  • Q2. Explain EBITA, COGS, Allocation and Future goals
  • Ans. 

    EBITA is a financial metric representing earnings before interest, taxes, depreciation, and amortization. COGS stands for cost of goods sold. Allocation refers to the distribution of resources. Future goals are targets set for the future.

    • EBITA is a measure of a company's operating performance without factoring in financing and tax implications.

    • COGS represents the direct costs of producing goods sold by a company.

    • Alloca...

  • Answered by AI
Round 3 - HR 

(2 Questions)

  • Q1. Why are you willing to join ABB
  • Q2. Are you willing to relocate

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared in terms of Costing and Accounts for this Job Role

I applied via Naukri.com and was interviewed in Oct 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Technical 

(3 Questions)

  • Q1. What are the Steps in INDAS115
  • Ans. 

    INDAS115 is a standard that outlines the steps for recognizing revenue from contracts with customers.

    • Identify the contract with the customer

    • Identify the performance obligations in the contract

    • Determine the transaction price

    • Allocate the transaction price to the performance obligations

    • Recognize revenue when the performance obligations are satisfied

  • Answered by AI
  • Q2. Difference between budgeting and forecasting
  • Ans. 

    Budgeting is a plan for future expenses while forecasting is an estimate of future financial outcomes.

    • Budgeting involves setting financial goals and creating a plan to achieve them.

    • Forecasting involves predicting future financial outcomes based on past performance and current trends.

    • Budgeting is typically done on an annual basis while forecasting can be done on a regular basis.

    • Budgeting is more rigid and inflexible whi...

  • Answered by AI
  • Q3. Explain about break even sales
  • Ans. 

    Break even sales is the point where total revenue equals total costs resulting in zero profit or loss.

    • Break even sales is the minimum amount of sales required to cover all the costs incurred in producing and selling a product or service.

    • It is calculated by dividing the total fixed costs by the contribution margin per unit.

    • The contribution margin is the difference between the selling price per unit and the variable cost...

  • Answered by AI
Round 3 - Technical 

(3 Questions)

  • Q1. How do you look at the audit(based on my experience)
  • Ans. 

    I view audits as an opportunity to ensure accuracy and compliance while identifying areas for improvement.

    • I approach audits with a thorough and detail-oriented mindset

    • I prioritize accuracy and compliance in all aspects of the audit process

    • I use audits as a chance to identify areas for improvement and make recommendations for changes

    • I work closely with auditors to ensure a smooth and efficient process

    • For example, in my ...

  • Answered by AI
  • Q2. Explain more about forecasting
  • Ans. 

    Forecasting is the process of predicting future outcomes based on historical data and trends.

    • Forecasting involves analyzing past data and trends to make predictions about future outcomes.

    • It helps businesses make informed decisions about resource allocation, budgeting, and goal setting.

    • There are various methods of forecasting, including time series analysis, regression analysis, and scenario planning.

    • Examples of forecas...

  • Answered by AI
  • Q3. What do you know about financial planning and analysis
  • Ans. 

    Financial planning and analysis involves forecasting, budgeting, and analyzing financial data to help organizations make informed decisions.

    • It helps organizations plan and allocate resources effectively

    • It involves analyzing financial statements and performance metrics

    • It helps identify trends and potential risks

    • It assists in creating financial models and forecasts

    • It helps in making informed decisions about investments a

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Concentrate on costing, financial reporting and your work experience

Financial Planning and Analysis Analyst Interview Questions Asked at Other Companies

asked in ABB
Q1. What do you know about financial planning and analysis
asked in ABB
Q2. How do you look at the audit(based on my experience)
asked in Accenture
Q3. What is budget and forecats difference between it and its various ... read more
Q4. What is the difference between budgeting and forecasting?
Q5. What is the general accounting entry for prepaid taxes?

Interview questions from similar companies

Interview Questionnaire 

9 Questions

  • Q1. There was one round of interview followed by the psychometric test
  • Q2. The first question they asked me was- Why Should we select you?
  • Q3. What are your strengths?Give us examples?
  • Ans. 

    My strengths include analytical skills, attention to detail, and ability to work under pressure.

    • Strong analytical skills, able to interpret complex financial data

    • Attention to detail, ensuring accuracy in financial reports

    • Ability to work under pressure, meeting tight deadlines

    • Excellent communication skills, able to present financial information to non-financial stakeholders

    • Proficient in financial modeling and forecastin...

  • Answered by AI
  • Q4. They wanted to know my Finance knowledge, therefore they asked me a subject in Finance that I can teach them
  • Q5. They asked me the approach in valuating a company
  • Q6. They also asked me my area of preference in finance?
  • Q7. I said Project Finance Then they asked why only project finance why not some thing else
  • Q8. They asked me my Work experience related projects in detail
  • Q9. They also wanted to know my know how of the current happenings so they asked me my opinion on differential pricing of petrol & diesel in India

Interview Preparation Tips

Round: HR Interview
Experience: They are looking for some on who is not too rigid.Show that you are flexible.
Tips: Showed real interest in the job offered.Stood poised during the interview.

General Tips: HR answers are very important as most part of the interview goes around those.You should be able to convince them that you want that job because you really want to work in area and give them reasons why you are interested in that.
Skills: Banking, Economics
College Name: NA

Interview Questionnaire 

5 Questions

  • Q1. They started the interview by knowing about myself,
  • Q2. Why i chose Finance as my specialisation
  • Ans. 

    I chose Finance as my specialisation because of my interest in financial markets and my desire to help individuals and businesses make informed financial decisions.

    • I have always been fascinated by the world of finance and the impact it has on our daily lives.

    • I enjoy analyzing financial data and using it to make informed decisions.

    • I want to help individuals and businesses make sound financial decisions that will benefit...

  • Answered by AI
  • Q3. What were my favorite subjects in Finance
  • Ans. 

    My favorite subjects in Finance are Corporate Finance, Investment Analysis, and Financial Markets.

    • Corporate Finance: analyzing financial decisions of corporations

    • Investment Analysis: evaluating investment opportunities

    • Financial Markets: studying the behavior of financial markets

  • Answered by AI
  • Q4. They also asked me in detail about my summer internship experience
  • Q5. They asked me my Strengths and Weaknesses

Interview Preparation Tips

Round: HR Interview
Experience: There was a psychometric test before the actual interview
Tips: I was selected because i had displayed good knowledge of Power Industry, the student mutual fund management experience and sound knowledge of Capital Market

General Tips: Project yourself as a knowledgeable person, Be humble and honest and project yourself as a good learner.
Skills: Economics, Banking
College Name: NA

I applied via Campus Placement and was interviewed in Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. What is TDS
  • Ans. 

    TDS stands for Tax Deducted at Source.

    • TDS is a tax collected by the government at the source of income.

    • It is deducted from the income of the recipient before the payment is made.

    • The deducted amount is then deposited with the government.

    • TDS is applicable to various types of income such as salary, interest, rent, etc.

    • The rate of TDS varies depending on the type of income and the amount.

    • TDS can be claimed as a credit whil

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Do not panic , even if you don't know the answer , just tell to your panel , straight to straight .

I applied via LinkedIn and was interviewed in Jul 2022. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Hr asked 4-5 questions regarding your resume and your personality

Interview Preparation Tips

Interview preparation tips for other job seekers - Get prepared and know information about the company details

I applied via Naukri.com and was interviewed before Jul 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Previous experience
  • Q2. Life in general

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident even if you are not sure about the answer
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
-
Result
Selected Selected

I was interviewed in Oct 2023.

Round 1 - One-on-one 

(1 Question)

  • Q1. Basic SQL , Joins , Stored procedures ,functions
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I was interviewed before Feb 2024.

Round 1 - One-on-one 

(1 Question)

  • Q1. Basic knowledge tested
Round 2 - Technical 

(1 Question)

  • Q1. Technical skill tested
Round 3 - One-on-one 

(1 Question)

  • Q1. Manager round personal enquiries
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I was interviewed in Apr 2023.

Round 1 - Technical 

(1 Question)

  • Q1. DBMS , python , about project analysis tools
Round 2 - HR 

(1 Question)

  • Q1. Basic hr questions
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ABB Interview FAQs

How many rounds are there in ABB Financial Planning and Analysis Analyst interview?
ABB interview process usually has 3 rounds. The most common rounds in the ABB interview process are Technical, Resume Shortlist and HR.
What are the top questions asked in ABB Financial Planning and Analysis Analyst interview?

Some of the top questions asked at the ABB Financial Planning and Analysis Analyst interview -

  1. What do you know about financial planning and analy...read more
  2. How do you look at the audit(based on my experien...read more
  3. What are the Steps in INDAS...read more

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ABB Financial Planning and Analysis Analyst Interview Process

based on 2 interviews

Interview experience

5
  
Excellent
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ABB Financial Planning and Analysis Analyst Salary
based on 33 salaries
₹7.5 L/yr - ₹13.2 L/yr
7% less than the average Financial Planning and Analysis Analyst Salary in India
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based on 5 reviews

4.4/5

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