Upload Button Icon Add office photos

Filter interviews by

Ameriprise Financial Senior Finance Associate Interview Questions and Answers

Updated 8 Feb 2024

Ameriprise Financial Senior Finance Associate Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. What is deferred revenue
  • Ans. 

    Deferred revenue is a liability that arises when a company receives payment for goods or services that it has not yet delivered.

    • Deferred revenue represents unearned income that will be recognized as revenue in the future.

    • It is recorded as a liability on the balance sheet until the goods or services are provided.

    • Common examples include prepaid subscriptions, advance payments for services, and gift cards.

    • Deferred revenue...

  • Answered by AI
  • Q2. What is difference between depreciation and amortisation
  • Ans. 

    Depreciation is the allocation of the cost of tangible assets over their useful life, while amortization is the allocation of the cost of intangible assets over their useful life.

    • Depreciation applies to tangible assets such as buildings, vehicles, and machinery.

    • Amortization applies to intangible assets such as patents, copyrights, and trademarks.

    • Depreciation is recorded on the income statement as an expense, reducing n...

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. Where do you see yourself in 5 years

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
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 tips
Round 2 - Technical 

(2 Questions)

  • Q1. Explain IND AS of PPE? Explain Prov for DD?
  • Ans. 

    IND AS of PPE refers to the accounting standards for Property, Plant and Equipment in India. Provision for DD refers to the provision made for Due Diligence.

    • IND AS of PPE lays down the guidelines for recognition, measurement, depreciation, and disclosure of PPE in financial statements.

    • It requires entities to recognize PPE at cost, which includes all expenditures incurred to bring the asset to its working condition.

    • Prov...

  • Answered by AI
  • Q2. What do you mean by Goodwill.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident. Accept in case you don't know the answer.
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. What are options
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Sep 2024. There was 1 interview round.

Round 1 - Aptitude Test 

1 hour and topics accounting

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. Dice role and card probability questions
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I was interviewed in Mar 2024.

Round 1 - One-on-one 

(1 Question)

  • Q1. Where do you see your self in 5 years
Round 2 - One-on-one 

(1 Question)

  • Q1. Why do you want this role
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Mar 2023. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. Tell me about yourself and previous company details
Round 2 - One-on-one 

(3 Questions)

  • Q1. Questions related to knowledge in US mortgage and communication skillls
  • Q2. What is Forward mortgage
  • Ans. 

    A forward mortgage is a type of mortgage where the borrower receives the entire loan amount upfront and makes regular payments towards the loan over time.

    • Borrower receives the full loan amount at the beginning of the loan term

    • Regular payments are made towards the loan, typically including both principal and interest

    • Interest rates for forward mortgages can be fixed or adjustable

    • Common type of mortgage for purchasing a h

  • Answered by AI
  • Q3. WhatI reverse mortgage
  • Ans. 

    A reverse mortgage is a type of loan for homeowners age 62 and older that allows them to convert part of the equity in their homes into cash.

    • Reverse mortgage borrowers do not have to repay the loan until they sell the home, move out, or pass away.

    • The loan amount is based on the value of the home, the borrower's age, and current interest rates.

    • Interest on a reverse mortgage is not tax-deductible until the loan is paid o...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Have a little experience knowledge on US mortgage sector
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. HR focuses on soft skills, culture adaptibility, compensation discussions
Round 2 - Technical 

(1 Question)

  • Q1. Technical round consisted of Technical knowledge about the profile applied for, past experience and knowledge testing

I applied via Naukri.com

Interview Questionnaire 

3 Questions

  • Q1. What are mutual funds?
  • Ans. 

    Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

    • Mutual funds are managed by professional fund managers.

    • Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities.

    • Mutual funds offer diversification, liquidity, and convenience to investors.

    • The...

  • Answered by AI
  • Q2. What is accrued income?
  • Ans. 

    Accrued income is the income that has been earned but not yet received or recorded in the books of accounts.

    • It is a type of income that has been earned but not yet received.

    • It is recorded in the books of accounts as a current asset.

    • Examples include interest income, rent income, and commission income.

    • It is recognized as revenue in the income statement when earned, not when received.

  • Answered by AI
  • Q3. What is yield
  • Ans. 

    Yield is the return on investment, expressed as a percentage of the initial investment.

    • Yield is the income generated by an investment.

    • It is calculated by dividing the annual income by the initial investment.

    • Yield can be expressed as a percentage or a dollar amount.

    • Different types of investments have different yields, such as stocks, bonds, and real estate.

    • Yield can be affected by factors such as interest rates, inflati

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared for basic financial knowledge. Level 1 is easy.
There are other rounds of technical interview followed by HR round.

Skills evaluated in this interview

I applied via Referral and was interviewed before Nov 2019. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Asked related to previous company job profile and work

Interview Preparation Tips

Interview preparation tips for other job seekers - My interview was very good and intresting.Most of the question related to my previous company work and profile related banking and asked related to my MBA. I was able to answer most of the questions.

Ameriprise Financial Interview FAQs

How many rounds are there in Ameriprise Financial Senior Finance Associate interview?
Ameriprise Financial interview process usually has 2 rounds. The most common rounds in the Ameriprise Financial interview process are Technical and HR.
What are the top questions asked in Ameriprise Financial Senior Finance Associate interview?

Some of the top questions asked at the Ameriprise Financial Senior Finance Associate interview -

  1. What is difference between depreciation and amortisat...read more
  2. What is deferred reve...read more

Tell us how to improve this page.

Ameriprise Financial Senior Finance Associate Interview Process

based on 1 interview

Interview experience

4
  
Good
View more

Interview Questions from Similar Companies

Wells Fargo Interview Questions
3.9
 • 561 Interviews
Goldman Sachs Interview Questions
3.5
 • 408 Interviews
American Express Interview Questions
4.2
 • 360 Interviews
UBS Interview Questions
4.0
 • 337 Interviews
Morgan Stanley Interview Questions
3.7
 • 306 Interviews
Morningstar Interview Questions
3.9
 • 242 Interviews
Bank of America Interview Questions
4.3
 • 235 Interviews
View all
Ameriprise Financial Senior Finance Associate Salary
based on 4 salaries
₹7.5 L/yr - ₹10 L/yr
43% more than the average Senior Finance Associate Salary in India
View more details

Ameriprise Financial Senior Finance Associate Reviews and Ratings

based on 2 reviews

5.0/5

Rating in categories

5.0

Skill development

4.6

Work-life balance

5.0

Salary

4.0

Job security

5.0

Company culture

4.3

Promotions

4.0

Work satisfaction

Explore 2 Reviews and Ratings
Team Lead
220 salaries
unlock blur

₹7 L/yr - ₹25.1 L/yr

Senior Associate
208 salaries
unlock blur

₹3.8 L/yr - ₹13.7 L/yr

Financial Planning Analyst
176 salaries
unlock blur

₹3.8 L/yr - ₹9 L/yr

Associate
158 salaries
unlock blur

₹2.8 L/yr - ₹10 L/yr

Group Leader
118 salaries
unlock blur

₹10 L/yr - ₹35 L/yr

Explore more salaries
Compare Ameriprise Financial with

Morgan Stanley

3.7
Compare

Charles Schwab

4.2
Compare

UBS

4.0
Compare

Prudential Financial

3.6
Compare
Did you find this page helpful?
Yes No
write
Share an Interview