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ABB Financial Planning and Analysis Analyst Interview Questions and Answers
7 Interview questions
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 inflexibl...
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, i...
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...
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
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 fo...
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 investme...
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.
A...
ABB Financial Planning and Analysis Analyst Interview Experiences
2 interviews found
Financial Planning and Analysis Analyst Interview Questions & Answers
Anonymous
posted on 20 Jul 2023
Selected
I applied via Campus Placement and was interviewed in Jan 2023. There were 3 interview rounds.
(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...
(2 Questions)
- Q1. Why are you willing to join ABB
- Q2. Are you willing to relocate
Interview Preparation Tips
Financial Planning and Analysis Analyst Interview Questions & Answers
Anonymous
posted on 15 Nov 2022
I applied via Naukri.com and was interviewed in Oct 2022. There were 3 interview rounds.
(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
- 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...
- 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...
(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 ...
- 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...
- 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...
Interview Preparation Tips
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Interview questions from similar companies
I applied via Recruitment Consulltant and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. What are the steps involved in creating a database table?
- Ans.
Steps involved in creating a database table
Define the table name and columns with data types
Set primary key and any constraints
Specify relationships with other tables if needed
Create the table using SQL query
Test the table by inserting and querying data
- Q2. What are the steps to the creation of APIs?
- Ans.
Steps to create APIs involve planning, designing, implementing, testing, and documenting.
Plan the API functionality and endpoints
Design the API structure and data formats
Implement the API using programming languages and frameworks
Test the API for functionality, performance, and security
Document the API for developers to understand its usage
Interview Preparation Tips
Dharani Saravanan
I appeared for an interview in Jul 2024.
Focus on logical reasoning, quantitative analysis, and verbal reasoning.
Two questions were given that pertained to arrays and strings. It is advisable to practice more with array and string manipulation.
It was an elimination round, and the assigned topic was ChatGPT. We discussed it for 30 minutes.
(2 Questions)
- Q1. Can you introduce yourself, and what do you know about the company?
- Ans.
I am a data analyst with 5 years of experience in analyzing and interpreting complex data sets. I have a strong background in statistical analysis and data visualization.
I have a Bachelor's degree in Statistics from XYZ University.
I have experience using tools such as SQL, Python, and Tableau for data analysis.
I have worked on projects involving predictive modeling, data mining, and trend analysis.
I am familiar with th...
- Q2. Data analysis-related questions were asked during the interview
Interview Preparation Tips
(2 Questions)
- Q1. About handling worst situation like I failed to do something on big event
- Ans.
I faced a major setback during a key event, but I learned valuable lessons in resilience and proactive problem-solving.
Acknowledge the failure: I openly admitted my mistake to the team, fostering a culture of transparency.
Analyze the situation: I conducted a post-event analysis to identify what went wrong and why.
Develop a recovery plan: I proposed actionable steps to mitigate the impact and prevent future occurrences.
...
- Q2. How I managed reports in system
- Ans.
I managed reports in the system by creating templates, gathering data, analyzing trends, and presenting findings to stakeholders.
Created report templates to standardize format and content
Gathered data from various sources such as databases, spreadsheets, and software systems
Analyzed trends and patterns in the data to identify insights and opportunities
Presented findings to stakeholders through visualizations, charts, a...
Subodh Pandey
(1 Question)
- Q1. Data analyst experience share
Selected
I applied via Recruitment Consulltant and was interviewed in May 2024. There was 1 interview round.
A dataset was shared for analysis
I applied via Campus Placement and was interviewed before Feb 2021. There were 2 interview rounds.
Quant , Logical REASONING , Java
(3 Questions)
- Q1. Why should we hire you?
- Ans.
I bring a unique blend of technical skills, problem-solving abilities, and a passion for innovation that aligns with your team's goals.
Strong proficiency in programming languages like Python and Java, demonstrated through successful projects such as a web application for task management.
Experience in collaborating with cross-functional teams, as seen in my role at XYZ Corp where I led a team to improve software deploym...
- Q2. What is your family background?
- Q3. Tell me about yourself.
Interview Preparation Tips
I applied via Referral and was interviewed before Jul 2021. There were 3 interview rounds.
Quantitative Aptitude, Numerical Ability, Synonym etc
(1 Question)
- Q1. Introduce yourself Where you did Training? What was your academic project? Guide? What do you like? Tractor or Implement? What is your aim?
Interview Preparation Tips
I applied via Campus Placement and was interviewed in May 2021. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Discusion on Fatigue and strength of Materials concepts
Interview Preparation Tips
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Overall Interview Experience Rating
based on 2 interview experiences
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ABB Financial Planning and Analysis Analyst Reviews and Ratings
based on 12 reviews
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