Citco Fund Accountant Interview Questions, Process, and Tips

11 sets total time was 1 hour ques asked were on english logical reasoning audit sfm fr etc

Q1. 1) What is hedge fund? 2) What is IRR and formula? 3) Journal entry for Accrual and Prepaid?
Ans. 
Fund Accountant interview questions on hedge funds, IRR formula, and journal entries for accrual and prepaid.
• Hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.

• IRR (Internal Rate of Return) is a metric used to measure the profitability of an investment. Formula: NPV = 0 = CF0 + CF1 / (1 + IRR) + CF2 / (1 + IRR)^2 + ... + CFn / (1...read more
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Q2. 4) What is retained earnings? 5) What is capitalisation of interest ?
Ans. 
Retained earnings are the portion of a company's profits that are kept by the company instead of being distributed as dividends.
• Retained earnings are a measure of a company's financial health and its ability to reinvest in itself.

• They are calculated by subtracting dividends paid to shareholders from the company's net income.

• Retained earnings can be used for various purposes such as research and development, debt reduct...read more
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First round was a 1 hour online exam which had 2 sections. 1 was aptitude round which included questions like 'select the appropriate word that matches the goven word' , graph reading etc. 2nd round was technical - accounting entries , basics of SFM , FR

Video assessment - 8 questions were asked. Accrual , deferred entries, hedge fund definition , fund acconting definition , diff b/w management fee and performance fee. Question will be displayed. 1.5 mins reading time. and after should record the answer within given 2 mins time

Q1. A telephonic interview. Basic HR quesitons - about present job , why job change , expected CTC
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Q1. Online interview - around 40-45 mins. Mostly technical. Intro about yourself , questions from resume , what did you understand about the job description , accrual and deferred entries based on given case s...read more
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Q1. Deeivatives and its types
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Types of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

• Forwards are simila...read more
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Q2. Management fee, performance fee and admin fee
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Q3. Diff btwn gav and nav
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GAV (Gross Asset Value) is the total value of a fund's assets, while NAV (Net Asset Value) is the value of the fund's assets minus its liabilities.
• GAV includes all assets owned by the fund, such as investments, cash, and receivables.

• NAV is calculated by subtracting the fund's liabilities, such as expenses and debts, from its total assets.

• GAV is used to determine the overall value of the fund, while NAV is used to calcu...read more
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Easy Questions are there but you need to be Quick...!

Q1. What is Equity?Stock Split , Dividends, Right Issue, Bonus Issue
Ans. 
Equity represents ownership in a company and can be affected by stock splits, dividends, right issues, and bonus issues.
• Equity represents ownership in a company, giving shareholders a claim on assets and earnings.

• Stock splits increase the number of shares outstanding while decreasing the share price proportionally.

• Dividends are payments made by a company to its shareholders from its profits.

• Right issues allow existing ...read more
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Q2. Journal entry, Accrual, prepaid PostPaid,
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