Cogneesol Staff Accountant Interview Questions and Answers

Q1. Tell me about yourself
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Q1. Golden rules of account
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Golden rules of account
• Maintain accurate and up-to-date records

• Separate personal and business finances

• Reconcile accounts regularly

• Follow the principle of double-entry bookkeeping

• Ensure proper documentation and authorization for all transactions
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Basic Regaining, And Accounting questions

Q1. Its fully technical round
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Written test of accounts Questions regarding journal entry,final accounts balance sheet loggical reasoning

Q1. Tell me about your self , Questions regarding education history accounts related questions
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Q2. What you have learned during your mba
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Q3. Questions regarding hedge fund
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Q4. Balance sheet questions
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Q1. Salary Discussion
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Q1. What is Hedge funds
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Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and invest in a variety of assets.
• Hedge funds are typically only available to accredited investors due to their complex and risky nature.

• They often use leverage and derivatives to maximize returns.

• Hedge funds charge both a management fee and a performance fee based on the fund's profits.

• Examples of hedge funds incl...read more
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Q1. Salary negotiation
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Q1. What do u mean by structured finance?
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Structured finance refers to complex financial instruments created by pooling together various assets and then selling them to investors.
• Structured finance involves the creation of securities that are backed by a pool of assets such as mortgages, loans, or bonds.

• These securities are then sold to investors who receive payments based on the cash flows generated by the underlying assets.

• Structured finance can be used to m...read more
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Q2. What do you mean by budgeting?
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Budgeting refers to the process of creating a financial plan for a specific period of time.
• It involves estimating income and expenses

• It helps in managing finances effectively

• It can be done for personal or business purposes

• Examples include creating a monthly budget for household expenses or an annual budget for a company
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Maths accountancy excel test

Q1. Basic accounting questions
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Q2. Formula of cogs
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COGS stands for Cost of Goods Sold, and the formula to calculate it is Opening Inventory + Purchases - Closing Inventory.
• COGS = Opening Inventory + Purchases - Closing Inventory

• Opening Inventory: The value of inventory at the beginning of the accounting period

• Purchases: The cost of inventory purchased during the accounting period

• Closing Inventory: The value of inventory at the end of the accounting period

• Example: Openi...read more
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Q3. Bank reconciliation
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Q4. Trial balance related
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Q5. Accounting entries
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Normal aptitude test

Q1. Please go through the resume?
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Q2. What is your current role?
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Q1. Salary discussion and other benifits
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