Britannia Finance Executive Interview Questions and Answers

Q1. Work experience
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Q2. Excel Proficiency
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Q1. Motivation behind changing job
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Q2. Technical questions
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Q1. What is Financial Modeling
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Financial modeling is the process of creating a representation of a company's financial performance in the form of numerical projections.
• Financial modeling involves forecasting a company's future financial performance based on historical data and assumptions.

• It helps in making informed decisions regarding investments, budgeting, and strategic planning.

• Common tools used in financial modeling include Excel, financial mod...read more
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Q2. What is zero base budgeting
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Zero base budgeting is a budgeting process where all expenses must be justified for each new period.
• In zero base budgeting, all expenses start at zero and must be justified from scratch for each new budget period.

• It requires managers to analyze and justify all expenses, not just incremental changes from the previous period.

• This approach can lead to more efficient allocation of resources and better cost control.

• Examples...read more
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Q1. About work experience in general
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Technicalities about overall finance and accounting

Q1. Practical question which requires subject knowledge in depth
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Q1. What is the Financial improvements / automation done?
Ans. 
Implemented automation of financial reporting and streamlined processes resulting in increased efficiency and cost savings.
• Implemented automated financial reporting system using software such as QuickBooks and Excel macros

• Streamlined accounts payable and receivable processes resulting in faster payment processing and reduced errors

• Implemented electronic invoicing system resulting in cost savings and reduced paper usage

• ...read more
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Q2. What is the daily routine in the Job?
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Q1. What is capital budgeting?
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Capital budgeting is the process of planning and evaluating long-term investment decisions.
• It involves analyzing potential investments and deciding which ones to pursue

• Factors such as cash flow, risk, and return are considered

• Techniques used include net present value, internal rate of return, and payback period

• Examples include building a new factory, investing in research and development, or acquiring another company
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Q2. What is a cut-off procedure?
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Cut-off procedure is a process of determining the point at which a transaction or event is no longer included in the current period's financial statements.
• It is used to ensure that financial statements accurately reflect the financial position of a company at the end of a reporting period.

• It involves reviewing transactions and events that occurred after the end of the reporting period to determine if they should be inc...read more
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Q1. What is more important, Revenue or Profits?
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Both revenue and profits are important, but profits are more crucial for long-term sustainability and growth.
• Revenue is the total amount of money earned by a company from its sales, while profits are the amount of money left over after deducting all expenses.

• While revenue is important for a company's short-term success, profits are crucial for its long-term sustainability and growth.

• A company with high revenue but low ...read more
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