DNEG CREATIVE SERVICES Senior Manager Finance Interview Questions and Answers

Q1. Explain budgeting
Ans. 
Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.
• Involves estimating income and expenses

• Setting financial goals

• Monitoring actual performance against the budget

• Adjusting the budget as needed

• Common types include operating budgets, capital budgets, and cash budgets
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Q2. Explain forecasting
Ans. 
Forecasting is the process of making predictions about future trends based on past and present data.
• Forecasting involves analyzing historical data to identify patterns and trends

• Different methods such as qualitative and quantitative analysis can be used for forecasting

• Common techniques include time series analysis, regression analysis, and econometric modeling

• Forecasting helps businesses make informed decisions and pla...read more
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Q3. Explain revenue recognition
Ans. 
Revenue recognition is the process of recording revenue in a company's financial statements when it is earned.
• Revenue is recognized when it is realized or realizable and earned, regardless of when cash is received.

• It is important to match revenues with expenses in the period they are incurred to accurately reflect the financial performance of a company.

• Different industries may have specific guidelines for revenue recog...read more
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Q4. Rent accured ledger entry
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Q5. Why is asset recognised or depreciated in balance sheet
Ans. 
Assets are recognized in the balance sheet to reflect the company's resources and their value, while depreciation is recorded to allocate the cost of assets over their useful life.
• Assets are recognized in the balance sheet to show the company's resources and their value.

• Depreciation is recorded to allocate the cost of assets over their useful life.

• Recognizing assets and depreciating them helps in accurately reflecting ...read more
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Its related to accounting concepts

Q1. Anything can related to accounts
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Basic reading comprehension, quantitative, and logical reasoning questions.

Q1. There were 3 interviewers in total. 1 was HR and other two asked questions like difference between trial balance and balance sheet. What is cash flow. What are intangibe assets. Why is debtors intangibel a...read more
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Q1. Tell us about yourself
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Q1. Explain budgeting and forecasting
Ans. 
Budgeting and forecasting are financial planning tools used to estimate future revenues and expenses.
• Budgeting involves creating a detailed plan for future income and expenses based on historical data and current trends

• Forecasting involves predicting future financial outcomes based on past data and market analysis

• Budgeting helps in setting financial goals and allocating resources effectively

• Forecasting helps in making ...read more
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Q1. Technical round with Manager
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Q1. Normal plus techinal round with manager
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Q1. Hr Round for salary discussion
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Current trends and new technology in Finance

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The topic for GD is new technology and inclusion in finance sector

Q1. What are the job role in the company
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Q2. How to improve my professional performs
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Q1. Account's related
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Q2. About tally gst
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Q3. About accounts receivable and payable
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Q1. How to tally work
Ans. 
Tally work involves reconciling financial records to ensure accuracy and consistency.
• Ensure all transactions are recorded accurately in the accounting software

• Compare the financial records with bank statements and other supporting documents

• Identify and rectify any discrepancies or errors

• Generate reports to summarize the financial status of the organization
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Q2. How to gat work
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