Badabro Giga Venture Financial Process Associate Interview Questions and Answers

Q1. 2 way 3 way matching
Ans. 
2 way 3 way matching is a process used in accounting to ensure accuracy in financial transactions.
• 2 way matching involves matching the invoice with the purchase order

• 3 way matching involves matching the invoice with the purchase order and the receiving report

• Helps in detecting errors or discrepancies in the billing process
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Q2. Accounts payable and accounts receivable
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Q3. Some general questions
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Q1. T code to review po
Ans. 
ME23N
• ME23N is the T code used to review purchase orders in SAP

• It allows users to view details of a specific purchase order, such as vendor information, item details, and delivery status
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Q2. If you find mismatch in quantity who to you contact
Ans. 
Contact the inventory manager or supervisor for resolution.
• Contact inventory manager or supervisor immediately

• Verify the discrepancy with relevant documentation

• Discuss potential causes of the mismatch and work towards resolution
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Q3. Vendor ledger entry
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Q4. Where you see grn
Ans. 
GRN stands for Goods Receipt Note, which is a document used in the procurement process to confirm the receipt of goods.
• GRN is used in the procurement process to verify that the goods ordered have been received in good condition.

• It includes details such as the quantity, quality, and condition of the goods received.

• GRN is an important document for inventory management and accounting purposes.

• It is typically generated by ...read more
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Q5. First self introduction
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Q6. How you learn from where you learn
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Q7. You have theoretical knowledge no practical how can u do
Ans. 
I would seek hands-on experience through internships, workshops, or online tutorials to bridge the gap between theory and practice.
• Seek internships or part-time jobs in the field to gain practical experience

• Participate in workshops or training sessions to apply theoretical knowledge in real-life scenarios

• Utilize online tutorials or courses to practice and implement theoretical concepts

• Collaborate with professionals in ...read more
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An aptitude test is beneficial for assessing knowledge.

Q1. What is the process for preparing a balance sheet and a profit and loss account?
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Q2. What is the process for preparing a revenue account?
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⚫Simple and compound interest
⚫ Ratio and proportion

Time management,
Domain knowledge
Understand the case

Communication skills
Team work
Critical Thinking
Leadership skills
Time management

Q1. Technology and AI
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Q2. Climate action
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Q1. If all roses are followers and some followers fade quickly, which of the following can be concluded
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Q2. What comes next in the sequence: 2, 6, 12, 20, 30, ---?
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Q1. Tell me about your self
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Q2. Why do you want to work for our company
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1. What process of data analysis?
2. What are the variable types of data analysis?

1.What have you studied?
2.what you know about coding?
3.Do you know How to program?
4.what is data analysis?

Coding basic knowledges, programming,skills & etc.

Q1. What's your Name?
Ans. 
My name is John Smith.
• My first name is John

• My last name is Smith
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Q2. Why did you choose the job?
Ans. 
I chose the job because of my passion for analyzing financial data and my desire to contribute to the success of the company.
• Passion for analyzing financial data

• Desire to contribute to company's success

• Opportunity for growth and development
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Q3. What's your achievements?
Ans. 
I have successfully implemented data-driven strategies that resulted in cost savings and revenue growth for my previous company.
• Developed predictive models to optimize financial processes

• Identified and resolved discrepancies in financial data

• Implemented data visualization tools to improve decision-making

• Collaborated with cross-functional teams to drive business outcomes
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Q4. What kind of job?
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Q5. Are you know programming?
Ans. 
Yes, I am proficient in programming languages such as Python, SQL, and R for data analysis and manipulation.
• Proficient in programming languages like Python, SQL, and R

• Experience in data analysis and manipulation

• Ability to write scripts and automate tasks
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Q6. Do you want to work in this company?
Ans. 
Yes, I am interested in working for this company because of its reputation in the industry and the opportunities for growth and development.
• I am impressed by the company's track record of success and innovation.

• I believe that working for this company will provide me with valuable experience and opportunities for career advancement.

• I am excited about the prospect of contributing to the company's continued growth and suc
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Q7. From what point of veiw do you see this company?
Ans. 
I see this company as a data-driven organization focused on leveraging financial information to make strategic decisions.
• I see the company as having a strong emphasis on data analysis and interpretation.

• I believe the company values accuracy, efficiency, and innovation in handling financial data.

• I perceive the company as being proactive in utilizing data to drive business growth and profitability.
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Q1. Deferred tax liability , practical use, how do we calculate
Ans. 
Deferred tax liability is a balance sheet item representing taxes that will be paid in the future due to temporary differences in accounting and tax rules.
• Deferred tax liability arises when a company's taxable income is greater than its accounting income, resulting in taxes being paid in the future.

• It is calculated by multiplying the temporary difference between taxable income and accounting income by the tax rate.

• Exam...read more
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Q2. Swap in simple terms, dividend growth model
Ans. 
A swap is a financial agreement between two parties to exchange cash flows or other financial instruments.
• A swap involves two parties exchanging cash flows or other financial instruments based on a predetermined set of terms.

• Common types of swaps include interest rate swaps, currency swaps, and commodity swaps.

• The dividend growth model is a method used to value a company's stock based on the expected future dividends i...read more
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Q1. What is depreciation?
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Q2. Full form of COGS ?
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Q1. Account payable?
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Q2. Difference between Profit & Revenue
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About work of that company

About work of that company

Q1. Self introduction
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Q2. My strength and weakness
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Q1. About family background
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Q2. Long term short term goal
Ans. 
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
• Obtain CPA certification within the next 3-5 years

• Gain experience in financial analysis and reporting

• Attend leadership development programs to enhance management skills

• Work towards a promotion to a senior financial management role
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Q1. Introduction about my self
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Q2. Intrest about my self
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