Deloitte Financial Analyst Interview Questions, Process, and Tips

Q1. Deferred tax liability , practical use, how do we calculate
Ans. 
Deferred tax liability is a balance sheet item representing taxes that will be paid in the future due to temporary differences in accounting and tax rules.
• Deferred tax liability arises when a company's taxable income is greater than its accounting income, resulting in taxes being paid in the future.

• It is calculated by multiplying the temporary difference between taxable income and accounting income by the tax rate.

• Exam...read more
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Q2. Swap in simple terms, dividend growth model
Ans. 
A swap is a financial agreement between two parties to exchange cash flows or other financial instruments.
• A swap involves two parties exchanging cash flows or other financial instruments based on a predetermined set of terms.

• Common types of swaps include interest rate swaps, currency swaps, and commodity swaps.

• The dividend growth model is a method used to value a company's stock based on the expected future dividends i...read more
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Basic math was easy, also English was easy

AI needs to submit a decision sheet

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
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Q2. Depreciation, how to compute depreciation while undergoing FA
Ans. 
Depreciation is calculated by dividing the cost of an asset by its useful life, taking into account salvage value and depreciation method.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

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

• To calculate straight-line depreciation, subtract the salvage value from th...read more
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Q3. Excel questions
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Q4. Treatment of Bad debt
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Bad debt is an uncollectible amount owed by a debtor, typically resulting from credit sales.
• Bad debt is recorded as an expense on the income statement.

• It is important for financial analysts to accurately estimate and account for bad debt.

• Common methods for estimating bad debt include the percentage of credit sales method and the aging of accounts receivable method.

• Examples of bad debt include customers who declare bank
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Q5. Xlookup, vlookup
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It's an aptitude test of 30 minutes

Q1. It is a 15-minute interaction
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Q2. Fiance relATED TECHNICAL question
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Basic questions related to data attitude, logical reasoning and english

Case study based on technical terms

Q1. What are the steps to be taken while reviewing any financial budget
Ans. 
Steps to review a financial budget
• Check if the budget aligns with the company's goals and objectives

• Analyze the historical financial data to identify trends and patterns

• Evaluate the assumptions and estimates used in the budget

• Ensure that the budget is realistic and achievable

• Identify potential risks and opportunities

• Review the budget with relevant stakeholders and incorporate feedback

• Monitor actual performance against
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Q2. Why are leaving the present company
Ans. 
Seeking better growth opportunities and professional development.
• Looking for a company that aligns better with my long-term career goals.

• Desire to work in a more challenging and dynamic environment.

• Seeking a role with more responsibility and potential for advancement.

• Want to broaden my skill set and gain exposure to different industries.

• Current company lacks a clear career progression path.
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