Deloitte Accounts & Finance Executive Interview Questions and Answers

Q1. Provide SOP for Account Payables.
Ans. 
SOP for Account Payables involves verifying invoices, obtaining approvals, processing payments, and reconciling accounts.
• Verify invoices against purchase orders and receipts

• Obtain necessary approvals for payment

• Process payments accurately and timely

• Reconcile accounts to ensure accuracy

• Maintain proper documentation for audit purposes
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Q2. What is turnover discount?
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Turnover discount is a reduction in price offered to customers who purchase a large quantity of goods or services.
• Turnover discount is commonly used in retail and wholesale industries to incentivize bulk purchases.

• The discount amount typically increases with the quantity purchased.

• For example, a supplier may offer a 10% turnover discount for customers who buy 100 units of a product.

• Turnover discount helps businesses in...read more
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Q1. About Educational Background
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Q2. About Family, Address etc Background
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Q3. About KPMG and about The Role Of FTS Analyst related Toppics
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Q4. Why You want To Join KPMG?
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Q5. Any Plan for Leave in Next 6 Months?
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You have to pass aptitude test with minimum 75%.

Q1. What is the use of financial statements in business.
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Q2. How do we calculate debt to equity ratio.
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Q1. Personal Information.
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Q2. Family Background.
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Q1. Tell me about yourself
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Q2. Why you want to work at BCG
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Q1. What is cloud finance?
Ans. 
Cloud finance refers to the use of cloud computing technology in financial management and analysis.
• Cloud finance allows for remote access to financial data and tools from any location with internet connection.

• It enables real-time collaboration among financial analysts and stakeholders.

• Cloud finance solutions often include features such as automated data syncing, advanced security measures, and scalability.

• Examples of c...read more
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Q2. Explain the invoice cycle, billing period & Payment terms?
Ans. 
The invoice cycle, billing period, and payment terms are key components of the financial transaction process.
• Invoice cycle refers to the time period between issuing an invoice and receiving payment.

• Billing period is the duration for which goods or services are provided before invoicing.

• Payment terms specify when payment is due after the invoice is issued.

• Common payment terms include Net 30 (payment due in 30 days), Net...read more
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Q1. What is cash flow statement, budgeting, forecasting Examples of cash flow statements
Ans. 
Cash flow statement shows the inflow and outflow of cash, budgeting is planning for future expenses, forecasting is predicting financial outcomes.
• Cash flow statement shows the sources and uses of cash in a business

• Budgeting involves setting financial goals and creating a plan to achieve them

• Forecasting involves predicting future financial outcomes based on historical data

• Examples of cash flow statements include operati...read more
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Q1. Salary expectations
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Domain based test was conducted

Q1. Domain based test were conducted
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Q2. Domain based questions were asked
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Aptitude - verbal, quant, reasoning

Q1. Walk me through balance sheet
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Q1. Tell me about a time you had to deal with multiple stakeholders
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