Better.com IT 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?
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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
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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. Tell me about yourself Next 5-year plan
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Behavioral assessment with multiple-choice questions

Q1. Previous job responsibilities
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Q2. Tell me about yourself, Family background, education, etc.
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Q1. Walk me through your resume.
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Q2. What are the recent updates/circulars with regards to reportings by the exchanges.
Ans. 
Exchanges have recently issued circulars on new reporting requirements.
• SEBI has mandated exchanges to provide daily reports on client funding and margin obligations.

• Exchanges have introduced new reporting formats for trade data and risk management.

• Recent circulars require exchanges to report on compliance with margin requirements and client position limits.
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Q3. What is the process of settlement of funds of a client.
Ans. 
The process of settlement of funds involves transferring funds from the client's account to the designated recipient.
• Client initiates a request for fund settlement

• Verification of the request and available funds

• Transfer of funds to the designated recipient

• Confirmation of successful settlement

• Record keeping of the transaction
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Q4. What is the process that occurs at stockbrokers' end when an order is placed in the stock market.
Ans. 
Stockbrokers process orders by routing them through various systems and exchanges to execute trades on behalf of clients.
• When an order is placed, it is first entered into the broker's order management system.

• The order is then routed to the appropriate exchange or trading venue based on factors like price, liquidity, and speed of execution.

• The exchange matches the buy and sell orders, and the trade is executed.

• Confirmat...read more
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Q1. What was the biggest achievement in your previous job?
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Q2. Have you ever managed any client independently?
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Q1. What is derivative
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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. Basics of accounting
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Q1. Past experience
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Q1. C# basic and some advanced questions on delegates and events and patterns
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Q2. SQL questions and project related details
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Psychometric test and it is really tough . Prepare before u try . For some questions it has 30 seconda time limit and have to answer in that time period .
Totally exhausting - seems like bank P.O exam

Q1. Managerial round. Technical questions on SQL and APIs and scenario based questions.
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Q2. Prepare on dense_rank/row_number type questions in SQL and also Authorization and sanitization of payload for securing api and how you handle prod issues
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Q1. Sydney Client round - show them what have you done and how you are going to fit into their expectations.
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Q2. And the famous questions - where you see urself in 5 years ... Well someday I will answer the exact answer - I don't know .
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Q1. Telelphonic round and just formal discussion as why you need this much .
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Q1. Functions of HR
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Q2. Work experience?
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Q3. Tell me about yourself
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Q4. Previous work experience
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