Axis Direct Senior Executive Interview Questions and Answers

Q1. What is the difference between impairment and depreciation?
Ans. 
Impairment is a sudden and significant decrease in the value of an asset, while depreciation is the gradual decrease in value over time.
• Impairment is usually a one-time event that occurs when the value of an asset drops below its carrying amount.

• Depreciation is the allocation of the cost of an asset over its useful life, reflecting the wear and tear on the asset.

• Impairment is recognized when the asset's recoverable amo...read more
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Q2. What is the five. Steps model of revenue
Ans. 
The five steps model of revenue is a framework used to analyze and improve revenue generation strategies.
• Identify target market and customer segments

• Develop products or services that meet the needs of the target market

• Create effective marketing and sales strategies

• Implement pricing strategies to maximize revenue

• Monitor and analyze revenue performance to make adjustments as needed
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Q3. What is fair value measurement
Ans. 
Fair value measurement is the process of determining the value of an asset or liability based on market conditions.
• Fair value measurement involves using market-based inputs to determine the value of an asset or liability.

• It is often used in financial reporting to provide more accurate and relevant information to stakeholders.

• Examples of fair value measurements include determining the value of a company's investments or...read more
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Q4. What would be the accounting for leases in the books of lessor and lessee?
Ans. 
Accounting for leases involves recording lease payments and assets on the books of lessor and lessee.
• Lessor records lease payments as rental income and depreciates the leased asset over its useful life.

• Lessee records lease payments as lease liability and right-of-use asset on the balance sheet.

• For finance leases, lessee recognizes interest expense and amortization of the right-of-use asset.

• For operating leases, lessee ...read more
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Q5. What is financial instrument accounting
Ans. 
Financial instrument accounting involves the recognition, measurement, and disclosure of various financial instruments in an entity's financial statements.
• Financial instruments include cash, stocks, bonds, derivatives, and loans.

• Accounting for financial instruments requires understanding their classification, valuation, and presentation in financial statements.

• Different accounting standards such as IFRS and GAAP provid...read more
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Logical reasoning verbal

Q1. What is derivative
Ans. 
A derivative is a financial instrument whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• For example, a stock option derives its value from the underlying stock, allowing the holder to buy or sell the stock at a predetermined price.

• Derivatives are traded on exchanges
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Q1. Tell me about ur self
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Q2. Pick up a topic and speak 1 min
Ans. 
The importance of effective communication in customer service
• Clear and concise communication helps in understanding customer needs

• Active listening shows empathy and builds rapport with customers

• Timely responses and follow-ups demonstrate professionalism

• Language and tone should be appropriate for the situation

• Feedback from customers can help improve communication strategies
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Logical and grammertical questions

Q1. Tell me about yourself
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Q2. About current and previous experience
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Q1. Only experience observed experience details and reference
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Q2. Comman questions experience details observed in Hyderabad Working
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