Avega Business Solutions Accounts & Finance Executive Interview Questions and Answers

Q1. Tell me about yourself?
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Experienced financial analyst with a background in investment banking and strong analytical skills.
• I have a Bachelor's degree in Finance and have worked in investment banking for 5 years.

• Proficient in financial modeling, data analysis, and forecasting.

• Strong communication skills and ability to present complex financial information to stakeholders.

• Detail-oriented and able to work under pressure to meet deadlines.
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Q2. Where you find yourself in 5 years?
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In 5 years, I see myself as a senior financial analyst leading a team and contributing to the strategic decision-making process of the company.
• Leading a team of financial analysts

• Contributing to strategic decision-making process

• Continuing professional development through certifications or advanced degrees
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Q1. I gave interview for International Trust and estates, in the wealth management dept. The roles was for preparing FS. They asked basic accounting concepts, previous experience. Why should we hire you.
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Q1. Whats is Cash flow?
Ans. 
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business.
• Cash flow is a key indicator of a company's financial health and performance.

• It shows how much cash is generated or spent over a specific period of time.

• Positive cash flow indicates that a company is generating more cash than it is spending, while negative cash flow indicates the opposite.

• Cash flow can be categorized i...read more
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Q2. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and balanced.

• For example, when a company receives cash from a c...read more
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Q3. What is Balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It helps in...read more
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An aptitude test is an exam used to determine an individual's skill or propensity to succeed in a given activity..

The test code detail segment contains the data necessary to perform operations or calculations, or execute decisions by the laboratory automation system..

Like company Regarding Question

Q1. Computer skills and knowalage about share Market and Derivative
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Q1. Asking Question Regarding salary and position
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Verbal,logical reasoning,quantitative

Q1. Differemce between wholesale and retail banking
Ans. 
Wholesale banking deals with large institutions and corporate clients, while retail banking focuses on individual customers.
• Wholesale banking involves providing services to large businesses, institutions, and government agencies.

• Retail banking focuses on providing services to individual customers, such as personal loans, mortgages, and savings accounts.

• Wholesale banking typically involves higher transaction volumes and...read more
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Q2. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
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Q1. Why should we hire you
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Q2. What are your strengths
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Role of micro finance in India economy

Q1. Okay introduce yourself
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Q2. Why you are perfect fit for this job
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Q1. What do you mean by EBIT?
Ans. 
EBIT stands for Earnings Before Interest and Taxes.
• EBIT is a financial metric that measures a company's profitability before deducting interest and taxes.

• It is calculated by subtracting operating expenses (excluding interest and taxes) from total revenue.

• EBIT helps in evaluating a company's operational performance and comparing it with other companies in the same industry.

• It is also known as operating income or operati...read more
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Q2. What do you mean by mutual fund?
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A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.
• Mutual funds are managed by professional fund managers.

• Investors buy shares in the mutual fund, which represent their ownership in the fund's assets.

• The fund's assets are invested in a variety of securities such as stocks, bonds, and money market instruments.

• Mutual funds offer divers...read more
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Q3. If any one invest their money in a company (debture). Then what get he or she from the company?
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Investing in a company as a debenture holder entitles the investor to receive regular interest payments and the return of the principal amount at maturity.
• Debenture holders receive fixed interest payments from the company at regular intervals.

• The company is legally obligated to repay the principal amount to the debenture holder at the end of the debenture's term.

• Debenture holders have a higher claim on the company's as...read more
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Q4. What do you mean by EPS ? AND HOW TO CALCULATE EPS?
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EPS stands for Earnings Per Share. It is a financial metric that indicates the portion of a company's profit allocated to each outstanding share of common stock.
• EPS is calculated by dividing the company's net income by the number of outstanding shares.

• EPS is an important metric for investors as it helps them evaluate the profitability of a company and its potential for growth.

• A higher EPS indicates that a company is ge...read more
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Q5. Is insurance is a investment?
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No, insurance is not an investment.
• Insurance is a risk management tool that provides financial protection against unforeseen events.

• Investment, on the other hand, is the act of putting money into something with the expectation of earning a profit.

• While insurance may have a return on investment in the form of claims paid out, it is not considered a traditional investment.

• For example, buying a life insurance policy is no...read more
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