Desire Energy Solution Accounts Manager Interview Questions and Answers

Q1. Everything about prior experience ?
Ans. 
I have 5 years of experience in finance and accounts, including managing budgets, financial reporting, and overseeing audits.
• Managed budgets and financial planning for a multinational company

• Prepared financial reports and analysis for senior management

• Led the annual audit process and ensured compliance with accounting standards

• Implemented cost-saving measures and improved financial efficiency

• Collaborated with cross-fun
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Q2. IND as applicability ? Why do you want to move to industry ?
Ans. 
IND AS (Indian Accounting Standards) is applicable to companies in India. Moving to industry provides opportunities for growth and practical application of finance and accounting skills.
• IND AS is the set of accounting standards that are applicable to companies in India, replacing the previous Indian GAAP.

• Understanding and implementing IND AS is crucial for financial reporting and compliance.

• Moving to industry allows fo...read more
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Q3. Tell me about yourself
Ans. 
I am an experienced finance professional with a strong background in accounts management.
• I have a Bachelor's degree in Finance and Accounting.

• I have worked as a Finance Executive for 5 years, where I managed financial transactions and prepared financial reports.

• I am proficient in using accounting software such as QuickBooks and Excel.

• I have a strong attention to detail and excellent analytical skills.

• I have successfull...read more
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Q4. Where do you want to see yourself 5 years down the line
Ans. 
In 5 years, I see myself as a highly skilled and experienced Assistant Manager Finance & Accounts, leading a team and contributing to the growth and success of the organization.
• I envision myself taking on more responsibilities and leading a team of finance professionals.

• I aim to enhance my skills and knowledge in finance and accounting through continuous learning and professional development.

• I plan to contribute to the...read more
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Q1. Previous company and Role
Ans. 
I worked as a Sales Executive at XYZ Corp for 2 years.
• Managed a portfolio of 50+ clients and achieved 120% of sales target in the first year

• Developed and implemented sales strategies resulting in a 25% increase in revenue

• Collaborated with cross-functional teams to ensure timely delivery of products and services
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Q2. Your current expectations
Ans. 
I expect to be challenged and given opportunities to grow while contributing to the success of the company.
• Opportunities for professional development and growth

• Challenging work that utilizes my skills and abilities

• A supportive and collaborative team environment

• Clear expectations and goals

• Recognition for my contributions to the company's success
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Q1. If you have given 1 Cr then how will you invest. And what will he your total return on investment (CAGR)
Ans. 
I would invest in a diversified portfolio of stocks, bonds, and real estate to minimize risk and maximize returns.
• I would allocate a portion of the funds towards blue-chip stocks with a proven track record of consistent growth and dividends.

• I would also invest in a mix of government and corporate bonds to provide a steady stream of income.

• To further diversify, I would invest in real estate through REITs or rental prope...read more
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Q2. Delta, vega and theta in Options
Ans. 
Delta, vega and theta are important measures used in options trading.
• Delta measures the rate of change of an option's price in relation to the underlying asset's price.

• Vega measures the sensitivity of an option's price to changes in volatility.

• Theta measures the rate of decline in an option's value due to the passage of time.

• Delta is positive for call options and negative for put options.

• Vega is higher for options with...read more
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Q3. What are tax implications of LTCG and STCG. Set off and carry forward of losses.
Ans. 
LTCG and STCG have different tax implications. Losses can be set off and carried forward.
• LTCG (Long Term Capital Gains) are taxed at a lower rate than STCG (Short Term Capital Gains).

• STCG is added to the income and taxed as per the applicable tax slab.

• Losses from both LTCG and STCG can be set off against gains from the same category.

• If there are no gains in the same category, losses can be carried forward for up to 8 y...read more
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Q4. Deductions in Income tax for capital gains.
Ans. 
Capital gains can be eligible for deductions in income tax.
• Long-term capital gains are taxed at a lower rate than short-term gains.

• Investments in certain sectors like infrastructure and startups may be eligible for tax exemptions.

• Losses from capital gains can be carried forward to offset future gains.

• Tax-saving investments like ELSS can also help in reducing tax liability on capital gains.
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Aptitude test to be given on Anand Rathi Private software which needs to be installed.

Q1. What are your salary expectations?
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Q2. Tell me about yourself.
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Q1. Ask about the qualification and other skills apart from accounting and taxation . like Excel skill mail drafting and communication skills .
Ans. Reply about excel and mail drafting skill like advance excel formulas
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Q2. Regarding the tax updates
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Q3. Be updated regarding latest budget and section updates. that will be your rescue.
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30 Min and topic was related to JD

Q1. Difference between Irr and CAGR?
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Q2. What is the formula for calculating GDP (Gross Domestic Product)?
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Q1. Advantage of Mutual Fund
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Q2. Why do you want to Join Anand Rathi
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