Ernst & Young Financial Data Analyst Interview Questions and Answers

Q1. About Educational Background
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Q2. About Family, Address etc Background
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Q3. About KPMG and about The Role Of FTS Analyst related Toppics
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Q4. Why You want To Join KPMG?
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Q5. Any Plan for Leave in Next 6 Months?
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Q1. Elaborate a real business scenario where you have acted promptly and used analytics to solve the problem
Ans. 
Implemented predictive analytics to optimize inventory management in a retail company
• Identified key performance indicators (KPIs) related to inventory turnover and stockouts

• Utilized historical sales data and market trends to forecast demand accurately

• Implemented a dynamic pricing strategy based on demand forecasts to reduce excess inventory and increase sales
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Q2. Tell us about yourself ?
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Q3. Run us through thr P&L
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The Profit and Loss statement summarizes a company's revenues, costs, and expenses during a specific period of time.
• The P&L starts with total revenue at the top, followed by cost of goods sold (COGS) to calculate gross profit.

• Operating expenses such as salaries, rent, and utilities are then deducted to get operating income.

• Other income and expenses, taxes, and net income are included at the bottom of the statement.

• Exam...read more
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Q1. How do you handle error while coding
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I carefully review my code, identify the error, and troubleshoot until it is resolved.
• Review the code to identify the error

• Use debugging tools to pinpoint the issue

• Consult with colleagues or seek help online if needed

• Test the code after making corrections to ensure it is error-free
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Q2. How would reduce the data size.
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Reduce data size by removing unnecessary columns, aggregating data, using data compression techniques, and optimizing data storage.
• Remove unnecessary columns that are not being used in analysis

• Aggregate data by grouping similar data points together

• Use data compression techniques like gzip or snappy to reduce file size

• Optimize data storage by using efficient data structures and algorithms

• Consider using data deduplicatio
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Q3. Questions about PowerBI such as live connection, how data is pulled?
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You have to pass aptitude test with minimum 75%.

Q1. What is the use of financial statements in business.
Ans. 
Financial statements are essential tools used by businesses to communicate their financial performance and position to stakeholders.
• Financial statements provide a snapshot of a company's financial health at a specific point in time.

• They help investors and creditors assess the company's profitability, liquidity, and overall financial stability.

• They are used by management to make informed decisions about the company's op...read more
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Q2. How do we calculate debt to equity ratio.
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Debt to equity ratio is calculated by dividing total debt by total equity.
• Calculate total debt by adding short-term and long-term debt

• Calculate total equity by adding common stock, retained earnings, and additional paid-in capital

• Divide total debt by total equity to get the debt to equity ratio
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Q1. Personal Information.
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Q2. Family Background.
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Q1. Tell me about yourself
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Q2. Why you want to work at BCG
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Q1. What is cloud finance?
Ans. 
Cloud finance refers to the use of cloud computing technology in financial management and analysis.
• Cloud finance allows for remote access to financial data and tools from any location with internet connection.

• It enables real-time collaboration among financial analysts and stakeholders.

• Cloud finance solutions often include features such as automated data syncing, advanced security measures, and scalability.

• Examples of c...read more
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Q2. Explain the invoice cycle, billing period & Payment terms?
Ans. 
The invoice cycle, billing period, and payment terms are key components of the financial transaction process.
• Invoice cycle refers to the time period between issuing an invoice and receiving payment.

• Billing period is the duration for which goods or services are provided before invoicing.

• Payment terms specify when payment is due after the invoice is issued.

• Common payment terms include Net 30 (payment due in 30 days), Net...read more
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Q1. Everything in resume will be asked and technical questions too
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Q1. Technical questions related to the role applied.
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Q1. Behavioral questions
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Q1. What is cash flow statement, budgeting, forecasting Examples of cash flow statements
Ans. 
Cash flow statement shows the inflow and outflow of cash, budgeting is planning for future expenses, forecasting is predicting financial outcomes.
• Cash flow statement shows the sources and uses of cash in a business

• Budgeting involves setting financial goals and creating a plan to achieve them

• Forecasting involves predicting future financial outcomes based on historical data

• Examples of cash flow statements include operati...read more
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Q1. Salary expectations
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