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I was interviewed in Jun 2017.
Being an intern in finance allows me to gain practical experience, apply my knowledge, and network with professionals in the industry.
Gain practical experience in financial analysis, budgeting, and forecasting
Apply theoretical knowledge from coursework to real-world scenarios
Network with professionals in the finance industry for potential career opportunities
Top trending discussions
Impairment refers to a reduction in the value of an asset on the balance sheet.
Impairment occurs when the carrying amount of an asset exceeds its recoverable amount.
It is typically recorded as a non-cash charge on the income statement.
Common examples include impairment of goodwill, intangible assets, and property, plant, and equipment.
Reconciling GL and subledger involves identifying and resolving discrepancies between the two accounts.
Compare transactions in GL and subledger to identify discrepancies
Investigate any differences in balances or transactions
Adjust entries in GL or subledger to reconcile the accounts
Ensure proper documentation of reconciliation process
Communicate with relevant stakeholders to resolve discrepancies
posted on 18 Mar 2024
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
I applied via LinkedIn and was interviewed before Jun 2023. There were 3 interview rounds.
Technical and management questions
posted on 16 May 2021
I applied via Recruitment Consultant and was interviewed before May 2020. There were 4 interview rounds.
Trade life cycle refers to the stages involved in a trade from initiation to settlement.
The trade life cycle includes trade initiation, trade execution, trade confirmation, trade settlement, and trade accounting.
Trade initiation involves the decision to buy or sell securities and the selection of a broker.
Trade execution involves the actual buying or selling of securities.
Trade confirmation involves verifying the detai...
A balance sheet includes assets, liabilities, and equity. A P&L a/c includes revenue, expenses, and net income/loss.
Balance sheet line items: assets (cash, accounts receivable, inventory, property), liabilities (accounts payable, loans), equity (retained earnings, common stock)
P&L a/c line items: revenue (sales, interest income), expenses (cost of goods sold, salaries, rent), net income/loss
Balance sheet and P&L a/c ar...
Corporate actions are events initiated by a company that can affect its stock price and shareholders.
Types of corporate actions include stock splits, dividends, mergers and acquisitions, spin-offs, and rights issues.
Stock splits involve dividing existing shares into multiple shares to increase liquidity and affordability.
Dividends are payments made to shareholders from a company's profits.
Mergers and acquisitions invol...
Financial instruments are assets that can be traded and have a monetary value.
Equity represents ownership in a company and can be bought and sold as stocks.
Derivatives are contracts that derive their value from an underlying asset, such as options and futures.
Bonds are debt securities that represent a loan made by an investor to a borrower, such as a government or corporation.
Preference shares are a type of stock that ...
I applied via Campus Placement and was interviewed before Mar 2023. There were 3 interview rounds.
Basic accounting questions
Accrual is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Accrual accounting recognizes revenue when it is earned, not when it is received.
Expenses are recognized when they are incurred, not when they are paid.
Accrual accounting provides a more accurate representation of a company's financial position and performance.
Examples includ...
General ledger is a complete record of financial transactions of a company, organized by accounts.
It contains all debit and credit entries for each account in the company's chart of accounts.
It is used to prepare financial statements like the balance sheet and income statement.
Entries in the general ledger are usually recorded using double-entry accounting.
Examples of general ledger accounts include cash, accounts rece
GAP refers to Generally Accepted Accounting Principles and revenue recognition principles dictate when and how revenue should be recorded.
GAP is a set of accounting standards used to ensure consistency in financial reporting.
Revenue recognition principles determine the timing and amount of revenue that should be recorded.
Revenue is typically recognized when it is earned and realized or realizable.
Examples of revenue re...
I have a passion for numbers and problem-solving, and I believe accounting is the foundation of finance.
I enjoy working with numbers and analyzing financial data.
I have strong attention to detail and organizational skills, which are essential in accounting.
I believe accounting is the language of business and provides a solid foundation for a career in finance.
I am interested in helping businesses make informed financia...
I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.
OTC stands for Over-The-Counter. It refers to the trading of financial instruments directly between two parties without the involvement of an exchange.
OTC trading involves direct communication between the buyer and seller, without the need for a centralized exchange.
OTC markets are less regulated than exchange-traded markets.
OTC trading is common in the foreign exchange, bond, and derivatives markets.
The process of OTC...
I applied via Naukri.com and was interviewed in Dec 2020. There were 3 interview rounds.
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Star Health & Allied Insurance
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