ACKO Finance Manager Interview Questions and Answers

Q1. Tell me about yourself.
Ans. 
I am a seasoned finance executive with over 10 years of experience in managing financial operations and driving business growth.
• Over 10 years of experience in finance and accounting

• Proven track record of managing financial operations and driving business growth

• Strong analytical and problem-solving skills

• Expertise in financial planning, budgeting, and forecasting

• Effective communication and leadership skills
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Q2. Why are you considering a switch from your current job?
Ans. 
Seeking new challenges and growth opportunities in a more dynamic environment.
• Looking for new challenges and opportunities for growth

• Interested in a more dynamic work environment

• Seeking to expand skill set and experience

• Want to explore different industry or sector

• Desire for career advancement
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Q1. What are the three golden rules?
Ans. 
The three golden rules are basic principles of accounting that ensure accurate financial records.
• 1. The first golden rule is to maintain a separate business account from personal accounts to ensure accurate financial tracking.

• 2. The second golden rule is to record all transactions accurately and promptly to avoid errors in financial statements.

• 3. The third golden rule is to always follow the principle of double-entry a...read more
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Q2. What are the TDS (Tax Deducted at Source) slabs?
Ans. 
TDS slabs are tax rates at which tax is deducted at source based on income levels.
• TDS slabs vary based on the type of income and the individual's age

• For example, TDS on salary income ranges from 0% to 30% depending on income levels

• TDS on interest income is usually deducted at 10% for individuals
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Q1. Where do you see yourself in five years?
Ans. 
In five years, I see myself as a seasoned finance executive leading a team of professionals and driving strategic financial initiatives for the company.
• Leading a team of finance professionals

• Driving strategic financial initiatives for the company

• Continuing professional development and growth in the field

• Possibly pursuing advanced certifications or degrees

• Contributing to the overall success and growth of the organizatio
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Q2. Why should we hire you?
Ans. 
I have a strong background in finance, proven track record of success, and a passion for driving financial growth and success.
• I have a Bachelor's degree in Finance and over 10 years of experience in the field.

• I have a proven track record of successfully managing budgets, forecasting financial trends, and implementing cost-saving strategies.

• I am highly skilled in financial analysis, risk management, and financial report...read more
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Q1. What is impairment
Ans. 
Impairment refers to a reduction in the value of an asset on the balance sheet.
• Impairment occurs when the carrying amount of an asset exceeds its recoverable amount.

• It is typically recorded as a non-cash charge on the income statement.

• Common examples include impairment of goodwill, intangible assets, and property, plant, and equipment.
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Q2. How do you reconcile mismatch between Gl and subledger
Ans. 
Reconciling GL and subledger involves identifying and resolving discrepancies between the two accounts.
• Compare transactions in GL and subledger to identify discrepancies

• Investigate any differences in balances or transactions

• Adjust entries in GL or subledger to reconcile the accounts

• Ensure proper documentation of reconciliation process

• Communicate with relevant stakeholders to resolve discrepancies
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Q1. Tell me about self
Ans. Good afternoon sir thank you for giving me this opportunity to introduce myself my name is Ganga dorababu pakurthi i am from jaggampeta kakinada district education qualification b com computerrs degree from anku University rajamahendravaram strength i am self-motivated learner punctuality indipendent hard working skills
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Q2. Golden rules of account
Ans. 
Golden rules of account are basic principles that guide the recording of financial transactions.
• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains

• Debit assets, credit liabilities and equity
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Q1. Family background
Ans. Father and Mather i have one sister
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Q1. Basic info about experiance
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Stocks , bonds , financial , futures and options related questions

Stocks , bonds , mutual funds , demat accounts , future and options

Q1. I am the best and I give the best to work
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Q2. I know how is important is this customers soo I will definitely loss thoes opportunity
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