Citicorp Fund Accounting Analyst Interview Questions, Process, and Tips

45 minutes, verbal reasoning etc

Q1. NAV Calculation, Reconciliation, difference between NAV & GAV, Corporate Action
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Q1. Tell me about yourself
Ans. 
I am a detail-oriented accounting professional with 5 years of experience in financial analysis and reporting.
• Bachelor's degree in Accounting from XYZ University

• Proficient in using accounting software such as QuickBooks and SAP

• Experience in preparing financial statements and conducting audits

• Strong analytical skills and attention to detail

• Excellent communication and teamwork abilities
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Q1. Discussed job, typical behavioral
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Q1. What is Nav calculation
Ans. 
NAV calculation refers to the process of determining the net asset value of a fund.
• NAV calculation involves valuing all the assets in a fund, subtracting liabilities, and dividing by the number of outstanding shares.

• It is typically done at the end of each trading day to provide an accurate reflection of the fund's value.

• NAV calculation is important for investors to understand the true value of their investments in the
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Q2. What is derivative
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A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or entity.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.

• The value of a derivative is based on the expected future pri...read more
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Q1. What is derivatives and its types? What is mutual fund?
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Derivatives are financial instruments whose value is derived from an underlying asset. Mutual funds are investment vehicles that pool money from multiple investors to invest in securities.
• Derivatives are contracts between two parties that derive their value from an underlying asset such as stocks, bonds, commodities, or currencies.

• Types of derivatives include options, futures, forwards, and swaps.

• Mutual funds are inves...read more
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Q1. 1. Mutual fund and hedge funds difference 2. Detailed explanation on balance sheet 3. Accrual journal entries 4. Subscription journal entry 4. Performance fee, management fees
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Mutual funds and hedge funds differ in their investment strategies and regulations. Balance sheet shows a company's financial position. Accrual journal entries record revenues and expenses when they are earned or incurred. Subscription journal entry records new investments in a fund. Performance and management fees are charges for managing a fund's assets.
• Mutual funds are regulated investment vehicles that pool money f...read more
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Q1. 1. Journal entries
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Q2. 1. Accounting concepts
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