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CIBC Mellon Fund Accountant Interview Questions and Answers
CIBC Mellon Fund Accountant Interview Experiences
2 interviews found
Anonymous
(1 Question)
- Q1. Explain NAV, what is NAV, how to caculate it
- Ans.
NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.
NAV is calculated by dividing the total value of a fund's assets by the number of outstanding shares.
It is used to determine the price at which investors can buy or sell shares in the fund.
NAV is calculated daily and is a key metric for evaluating the performance of a fund.
For example, if a fund has $100 million in assets and 10...
Interview Preparation Tips
zz xxx
Selected
I applied via Referral and was interviewed before Jun 2023. There was 1 interview round.
(2 Questions)
- Q1. What is corporate action
- Ans.
Corporate action refers to events initiated by a publicly traded company that can affect its shareholders or securities.
Corporate actions can include stock splits, mergers, acquisitions, dividends, rights issues, and bonus issues.
These actions can impact the value of securities, alter the number of shares outstanding, or change the structure of the company.
Shareholders may need to make decisions or take action in respo...
- Q2. How do u write accounting entries for expense
- Ans.
Expense accounting entries involve debiting the expense account and crediting the corresponding liability or cash account.
Debit the expense account to increase expenses
Credit the corresponding liability account if the expense is not paid immediately
Credit the cash account if the expense is paid immediately
Example: Debit Rent Expense, Credit Accounts Payable for rent not yet paid
Example: Debit Office Supplies Expense, C
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(5 Questions)
- Q1. What is the question interview
- Q2. What is the basic salary
- Q3. Where are you job location
- Q4. What's the work
- Q5. What is a skill
Interview Preparation Tips
Nisha Mehta
Selected
Numerical verbal abstracts and logical reasoning questions.
(2 Questions)
- Q1. Can you tell me about yourself? What are your strengths? Where do you see yourself in five years? Why are you interested in this job?
- Ans.
Experienced accountant with strong analytical skills and a passion for financial management. Goal-oriented and dedicated to continuous learning and growth.
Strengths include attention to detail, problem-solving skills, and proficiency in financial software
In five years, I see myself as a senior accountant or financial manager, leading a team and contributing to the strategic growth of the organization
I am interested in ...
- Q2. What are your weaknesses?
- Ans.
One of my weaknesses is that I can be overly critical of my own work.
I tend to be a perfectionist and can spend too much time on a task to ensure it is flawless
I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly
I am working on improving my time management skills to prioritize tasks more effectively
(3 Questions)
- Q1. Knowledge and skills
- Q2. Confidence and communcation
- Q3. Problem solving skills
Interview Preparation Tips
Selected
I applied via AmbitionBox and was interviewed in Dec 2024. There were 2 interview rounds.
An aptitude test is beneficial for assessing knowledge.
(2 Questions)
- Q1. What is the process for preparing a balance sheet and a profit and loss account?
- Q2. What is the process for preparing a revenue account?
Selected
I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Communication skills. Learning can always be made enjoyable and interesting. 4-letter words can be taught to kids in a fun and playful way as well. They can be involved in various activities which will enh...
- Q2. Every day, we come across a lot of words. Check out the below list of words and try to identify how many of them you already know. Also, learn the meanings of the words that are new to you and add them to ...
- Ans.
Learning new words is crucial for kids to improve their communication, vocabulary, and language skills. It helps in developing language fluency, reading comprehension, and confidence.
Developing a strong vocabulary enhances communication skills and the ability to express thoughts effectively.
Improving vocabulary aids in better reading comprehension of academic and non-academic texts.
Learning new words boosts confidence ...
A careful study of some social unit (as a corporation or division within a corporation) that attempts to determine what factors led to its success or failure
Interview Preparation Tips
shardapandey
(3 Questions)
- Q1. Account related
- Q2. GST
- Q3. TDS
(2 Questions)
- Q1. What is account
- Q2. GSTR-1 AND GSTR 3B
I applied via Walk-in and was interviewed in Oct 2024. There were 5 interview rounds.
It's necessary to me
It's depend on subject
The reason of subjects related answers
(4 Questions)
- Q1. Self introduction
- Q2. Pre assessment test
- Q3. Joining formalities
- Q4. Work experience
(2 Questions)
- Q1. Face to face interview
- Q2. Selection round
Interview Preparation Tips
(2 Questions)
- Q1. What is Accounts payable
- Ans.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount of money owed by a company to its suppliers or vendors
It is typically recorded when goods or services are received but payment has not yet been made
Accounts payable is an important part of a company's working capital man
- Q2. What is Bank reconcilation statment
- Ans.
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.
The goal is to ensure the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
Deepika.Bhat
I applied via Company Website and was interviewed in Aug 2024. There were 5 interview rounds.
About work of that company
About work of that company
(2 Questions)
- Q1. Self introduction
- Q2. My strength and weakness
(2 Questions)
- Q1. About family background
- 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
(2 Questions)
- Q1. Introduction about my self
- Q2. Intrest about my self
Interview Preparation Tips
- CPS
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CIBC Mellon Fund Accountant Interview Process
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