Concentrix Corporation Financial Crime Analyst Interview Questions and Answers

Q1. What is depreciation
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of an asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with a...read more
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Q1. Tell me about yourself
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Experienced financial analyst with a strong background in budgeting, forecasting, and financial modeling.
• Over 5 years of experience in financial analysis

• Proficient in Excel, financial software, and data analysis

• Strong analytical skills and attention to detail

• Managed budgeting process for a Fortune 500 company

• Developed complex financial models to support strategic decision-making
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Executive summary/synopsis the topic area of the report introduction . Sammarise the your tork find thi identify the problem you have identified by

Q1. There are three branches of accounting
Ans. 
The three branches of accounting are financial accounting, management accounting, and cost accounting.
• Financial accounting focuses on reporting financial information to external stakeholders.

• Management accounting involves providing financial information to internal management for decision-making.

• Cost accounting deals with analyzing and controlling costs within a company.

• Each branch serves a different purpose and audien
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Q2. Types of accounting golden rules
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The accounting golden rules are basic principles that guide the process of recording financial transactions.
• There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.

• Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...read more
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Q3. What is the balance sheet
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The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
• It lists a company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth, calculated as assets m...read more
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Q4. Trail Balance Definition
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in recording or posting transactions can be identified by preparing a trial balance.

• Example: If the total debits and credits do ...read more
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Q5. What is the Working capital
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Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It represents the amount of liquid assets available to a company to fund its day-to-day operations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Positive working capital indicates that a company has enough assets ...read more
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Q6. Defin depreciation and it types
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Double declining balance front-loads depreciation expenses.

• Uni...read more
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Q1. Tell me about yourself
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Q2. How can you good fit for this role?
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Q1. How do you handle difficult situations? Stress?
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Q2. Walk me through your CV
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Q1. Whats a P&L? what parts?
Ans. 
P&L stands for Profit and Loss statement, which shows a company's revenues, expenses, and profits over a specific period of time.
• P&L statement is also known as income statement.

• It includes revenues, cost of goods sold, gross profit, operating expenses, net income, and earnings per share.

• It helps investors and analysts evaluate a company's financial performance.

• Example: A company's P&L statement shows $100,000 in revenu...read more
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Q2. Explain what a balance sheet is? Why is it used?
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A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time.
• A balance sheet is used to show what a company owns (assets), what it owes (liabilities), and the amount invested by shareholders (equity).

• It helps investors, creditors, and analysts assess the financial health and stability of a company.

• The balance sheet follows the...read more
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Q3. Calculate value of bonds/stocks
Ans. 
Calculate the value of bonds/stocks based on market conditions and financial metrics.
• Determine the current market price of the bond/stock

• Calculate the present value of future cash flows using appropriate discount rate

• Consider any additional factors such as risk premium or growth rate

• Use financial models like discounted cash flow (DCF) analysis or dividend discount model (DDM)

• Compare the calculated value with the market
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Q1. About the experience.
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Q2. Technical questions regarding accounts payables.
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Q3. Journal entries and accounting principles.
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Q1. Basically questions was only related to my previous experience. 1) They ask for how deep knowledge of my current project i have 2) Excel formulas and knowledge
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Q1. Salary discussion They offer 40% hike
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