DXC Technology Financial Planning Analyst 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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
Q4. Rent accured ledger entry
Add your answer
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
Answered by AI
Add your answer

Q1. Account payable?
Add your answer
Q2. Difference between Profit & Revenue
Add your answer

About work of that company

About work of that company

Q1. Self introduction
Add your answer
Q2. My strength and weakness
Add your answer

Q1. About family background
Add your answer
Q2. Long term short term goal
Ans. 
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
• Obtain CPA certification within the next 3-5 years

• Gain experience in financial analysis and reporting

• Attend leadership development programs to enhance management skills

• Work towards a promotion to a senior financial management role
Answered by AI
Add your answer

Q1. Introduction about my self
Add your answer
Q2. Intrest about my self
Add your answer

Tell me about your self.
What is capital Market

Q1. Share yours experience
Add your answer
Q2. What is money market?
Ans. 
Money market refers to a segment of the financial market where short-term borrowing and lending of funds occur.
• Money market instruments include Treasury bills, commercial paper, certificates of deposit, and repurchase agreements.

• Participants in the money market include governments, financial institutions, corporations, and individual investors.

• Money market provides liquidity and short-term funding for various entities.

• ...read more
Answered by AI
Add your answer
Q3. What is capital Market
Ans. 
Capital market is a financial market where individuals and institutions trade financial securities.
• Capital market facilitates the buying and selling of long-term debt and equity instruments.

• It includes stock markets and bond markets.

• Investors can raise capital by issuing stocks or bonds in the capital market.

• Examples of capital market institutions include stock exchanges like NYSE and NASDAQ.
Answered by AI
Add your answer
Q4. Golden rules of account
Ans. 
Golden rules of accounting are basic principles that guide the preparation of financial statements.
• The accounting equation must always balance: Assets = Liabilities + Equity

• Every transaction should be recorded in the books of accounts

• Separate personal and business transactions

• Consistency in accounting methods and policies

• Accrual basis of accounting should be followed
Answered by AI
Add your answer

Q1. Share your experience
Add your answer
Q2. Golden rules of account
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rules include: 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.

• For example, when a company receives cash from a customer, the...read more
Answered by AI
Add your answer

Its related to accounting concepts

Q1. Anything can related to accounts
Add your answer

Q1. Self introduction, family background
Add your answer
Q2. Why should hire you, salary expectation
Add your answer

Q1. Self intlo, Tell about Hyderabad
Ans. 
Hyderabad is a vibrant city in southern India known for its rich history, culture, and delicious cuisine.
• Hyderabad is home to iconic landmarks such as the Charminar, Golconda Fort, and Hussain Sagar Lake

• The city is famous for its biryani, a flavorful rice dish cooked with meat and aromatic spices

• Hyderabad is a major hub for technology companies, with a booming IT industry in areas like HITEC City
Answered by AI
Add your answer
Q2. What is hobbies, weeknes
Add your answer
Q3. Short goals , long term goals
Add your answer
Q4. What is weeks , What is your roll model
Add your answer

Q1. What is the capital market?
Add your answer

Q1. Technical and process knowledge and scenario questions
Add your answer

Q1. What you know about Trade Life Cycle
Ans. 
Trade life cycle refers to the stages involved in a trade from initiation to settlement.
• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the exchange or over-the-counter market.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Payment and transfer of securities occur to complete the trade.

• Trade reconciliation: Any discrepancies ar
Answered by AI
Add your answer