Deloitte Financial Advisor Interview Questions and Answers

AI in Managerial Sector

Q1. How Can we leverage AI to financial sector?
Ans. 
AI can be leveraged in the financial sector through automation, fraud detection, risk management, customer service, and investment analysis.
• Automation of repetitive tasks such as data entry and report generation

• Fraud detection through pattern recognition and anomaly detection

• Risk management by analyzing large datasets to identify potential risks and opportunities

• Improved customer service through chatbots and personaliz...read more
Answered by AI
Add your answer
Q2. What are the metrics we see for financial frauds?
Ans. 
Metrics for financial frauds include abnormal fluctuations in financial statements, high employee turnover, and frequent related party transactions.
• Abnormal fluctuations in financial statements (e.g. sudden increase in revenue or decrease in expenses)

• High employee turnover, especially in key financial positions

• Frequent related party transactions without proper disclosure or justification
Answered by AI
Add your answer

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
Answered by AI
Add your answer
Q2. What is turnover discount?
Ans. 
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
Answered by AI
Add your answer

Q1. About Educational Background
Add your answer
Q2. About Family, Address etc Background
Add your answer
Q3. About KPMG and about The Role Of FTS Analyst related Toppics
Add your answer
Q4. Why You want To Join KPMG?
Add your answer
Q5. Any Plan for Leave in Next 6 Months?
Add your answer

Q1. How do you handle error while coding
Ans. 
I carefully review my code, identify the error, and troubleshoot until it is resolved.
• Review the code to identify the error

• Use debugging tools to pinpoint the issue

• Consult with colleagues or seek help online if needed

• Test the code after making corrections to ensure it is error-free
Answered by AI
Add your answer
Q2. How would reduce the data size.
Ans. 
Reduce data size by removing unnecessary columns, aggregating data, using data compression techniques, and optimizing data storage.
• Remove unnecessary columns that are not being used in analysis

• Aggregate data by grouping similar data points together

• Use data compression techniques like gzip or snappy to reduce file size

• Optimize data storage by using efficient data structures and algorithms

• Consider using data deduplicatio
Answered by AI
Add your answer
Q3. Questions about PowerBI such as live connection, how data is pulled?
Add your answer

You have to pass aptitude test with minimum 75%.

Q1. What is the use of financial statements in business.
Add your answer
Q2. How do we calculate debt to equity ratio.
Add your answer

Q1. Personal Information.
Add your answer
Q2. Family Background.
Add your answer

Q1. Tell me about yourself
Add your answer
Q2. Why you want to work at BCG
Add your answer