AbbVie Inc. Finance Manager Interview Questions and Answers

Q1. General HR related questions
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Q1. Finance costing and taxation related questions
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Easy if math strong basic

Q1. Case study based questions
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Q1. Brief introduction
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Q2. What are the elements in MIS ? reasons for variance ?
Ans. 
Elements in MIS include data, information, systems, and processes. Variances can be caused by errors, changes in assumptions, or external factors.
• Elements in MIS: data, information, systems, processes

• Reasons for variance: errors, changes in assumptions, external factors

• Example: Variance in budgeted vs. actual expenses due to unexpected increase in costs
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Q3. What is MHR ? how do you calculate it ?
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MHR stands for Maximum Heart Rate. It is the highest heart rate an individual can achieve during exercise.
• MHR can be calculated using the formula: 220 - age

• For example, for a 30-year-old individual, the MHR would be 220 - 30 = 190 beats per minute

• MHR is used to determine target heart rate zones for exercise intensity
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Q4. USE of MHR costing
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MHR costing is a method of costing that assigns costs based on the actual resources used by a product or service.
• MHR costing stands for Machine Hour Rate costing, where costs are allocated based on machine hours used.

• It is useful in industries where machine usage is a significant factor in determining costs, such as manufacturing.

• MHR costing helps in accurately determining the cost of production for each unit based on ...read more
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Q5. What is LHR need ? how do you calculate it and need of it ?
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LHR stands for Liquidity-Asset Ratio, it is calculated to determine a company's ability to meet short-term obligations.
• LHR is calculated by dividing liquid assets by current liabilities.

• It helps assess a company's liquidity and ability to pay off short-term debts.

• A higher LHR indicates better liquidity and financial health.

• For example, if a company has liquid assets of $100,000 and current liabilities of $50,000, the L
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Q1. 1. About yourself and technical questions.
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Q1. 1. Technical questions and work experience.
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Q1. 1. About yourself? 2. About your experience?
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Q1. 1. What are the skillset you possess? 2. In depth knowledge and understanding of finance?
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Q1. General HR related questions
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Q1. Finance costing and taxation related questions
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