Empower Retirement Accounting Specialist Interview Questions and Answers

Q1. Talk me through your CV
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Q2. Why do you want to work here
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Q1. Background check
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Q2. Work history and skills
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Talent to show the platform

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Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
Ans. 
I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.
• Golden rule of accounting: Debit the receiver, credit the giver

• Bank reconciliation statement: Matching ...read more
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Q1. What is gst and direct tax
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GST is a consumption tax levied on the supply of goods and services in India, while direct tax is a tax imposed directly on individuals and organizations.
• GST stands for Goods and Services Tax, which is a consumption tax levied on the supply of goods and services in India

• Direct tax is a tax imposed directly on individuals and organizations, such as income tax, corporate tax, and capital gains tax

• GST is an indirect tax, ...read more
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Q2. Induction to ur self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2 years of experience in financial analysis

• Proficient in Microsoft Excel and QuickBooks

• Strong attention to detail and problem-solving skills
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Q3. What is the income tax return
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Income tax return is a form where individuals declare their income, deductions, and tax payments to the government.
• It is a document filed with the tax authorities annually by individuals and businesses.

• It includes details of income earned, deductions claimed, and taxes paid throughout the year.

• The purpose is to calculate the tax liability of the individual or business for the year.

• Filing an accurate income tax return i...read more
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Aptitude question were there in first round

Q1. Accounting question were there in second round
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Q1. Personal information Education qualification related questions
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Q2. Ask about muthoot company Then salary part Final round with Regional manager
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Q3. Immediate joiners they prefer
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Buy now and pay later. Is it a trap or convenience

Q1. Equity or debt. which carry less risk.
Ans. 
Equity carries less risk compared to debt.
• Equity represents ownership in a company, while debt represents borrowing money that needs to be repaid with interest.

• Equity holders have a claim on assets and earnings of a company after all debts are paid off, making it less risky.

• Debt holders have a priority claim on assets and earnings, and failure to repay debt can lead to bankruptcy.

• Equity investments are subject to marke...read more
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Q2. What should be the ideal credit cycle.
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The ideal credit cycle is typically around 30 days, allowing enough time for customers to pay invoices without causing cash flow issues.
• Ideal credit cycle is around 30 days to balance timely payments and cash flow.

• Shorter credit cycles may improve cash flow but could deter customers.

• Longer credit cycles may attract more customers but can strain cash flow.

• Consider industry standards and customer payment habits when dete...read more
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Q3. What is cost of capital
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Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.
• Cost of capital is the weighted average cost of debt and equity used by a company to finance its operations.

• It represents the minimum return that a company must earn on its investments to satisfy its shareholders or investors.

• It is used in capital budgeting to evaluate new projects or investm...read more
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