Citicorp Interview Questions, Process, and Tips

Q1. What are mutual funds, and what are the different types available?
Ans. 
Mutual funds pool money from investors to invest in diversified portfolios of stocks, bonds, or other securities.
• Equity Funds: Invest primarily in stocks. Example: Large-cap equity funds.

• Bond Funds: Focus on fixed-income securities. Example: Government bond funds.

• Balanced Funds: Combine stocks and bonds for diversification. Example: Target-date funds.

• Index Funds: Track a specific market index. Example: S&P 500 inde...read more
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Q2. What is fair value measurement in accounting?
Ans. 
Fair value measurement is the process of determining the estimated worth of an asset or liability based on current market conditions.
• Fair value is defined by IFRS 13 and ASC 820 standards.

• It reflects the price that would be received to sell an asset in an orderly transaction.

• Example: A company's stock price on a public exchange represents its fair value.

• Fair value can be determined using market prices, income approache...read more
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Q3. What are some basic journal entries in accounting?
Ans. 
Basic journal entries record financial transactions in accounting, reflecting changes in accounts.
• 1. **Sales Revenue**: Debit Cash/Accounts Receivable, Credit Sales Revenue. Example: Cash $1,000, Sales Revenue $1,000.

• 2. **Expense Recognition**: Debit Expense Account, Credit Cash/Accounts Payable. Example: Rent Expense $500, Cash $500.

• 3. **Asset Purchase**: Debit Asset Account, Credit Cash/Accounts Payable. Example: Equ...read more
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Q1. What project are you most proud of?
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Q1. Tell me about a time you coordinated across multiple functional teams
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Q1. Confidential and may not disclose
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Q2. On process all the question will be questioned
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Q1. Resume questions
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Q1. What do we define stories and new requirement
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Q1. What are different scenarios you faved during critical project
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Questions on SQL using concepts of lead and lag.