Exide Industries Executive Accountant Interview Questions and Answers

Q1. Basic Accounting Entries
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Q2. How to work in large data for reconciliation in Excel
Ans. 
Use Excel functions like VLOOKUP and SUMIF to work with large data for reconciliation.
• Use VLOOKUP function to search for a value in a large dataset and return a corresponding value from another column.

• Utilize SUMIF function to sum values in a range that meet specific criteria.

• Sort and filter data to easily identify discrepancies and reconcile them.

• Use pivot tables to analyze and summarize large datasets for reconciliat
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Need to write accounting Entries

Q1. Finance controller will ask technical questions
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Q2. What is prepayment and what is Accrual
Ans. 
Prepayment is payment made in advance for goods or services, while accrual is recording revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Prepayment involves paying for goods or services before receiving them

• Accrual involves recognizing revenues and expenses when they are incurred, not when cash is exchanged

• Prepayment is recorded as an asset on the balance sheet until the goods or servi...read more
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Q3. What is BRS what is Financial Statement
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BRS stands for Bank Reconciliation Statement, which is a statement prepared to reconcile the balance as per bank statement with the balance as per company's books. Financial statements are reports that show the financial performance and position of a company.
• BRS is prepared to ensure that the company's records match the bank's records

• It helps in identifying any discrepancies or errors in recording transactions

• Financial...read more
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Q1. Formal question
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Q1. Tell me about yourself
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I am a highly motivated and experienced executive with a strong background in accounts and finance.
• I have over 10 years of experience in managing financial accounts for various organizations.

• I am skilled in financial analysis, budgeting, and forecasting.

• I have a proven track record of improving financial performance and increasing profitability.

• I am a team player and have excellent communication and interpersonal skill...read more
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Q2. Questions from resume
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Q1. Why are you looking for a change?
Ans. 
Looking for growth opportunities and a new challenge.
• Seeking a more challenging role to enhance my skills and knowledge.

• Interested in exploring new industries and expanding my network.

• Current job lacks growth opportunities and career advancement.

• Want to work for a company with a better work-life balance.

• Looking for a change in location or commute time.
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Q2. What is your family background?
Ans. 
My family background is diverse and multicultural.
• My parents are from different countries and cultures.

• I grew up speaking multiple languages at home.

• My extended family is spread out across the world.

• We celebrate a variety of holidays and traditions.

• My family values education and hard work.
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Q3. Tell me about yourself.
Ans. 
I am a highly motivated and experienced executive with a strong background in accounts and finance.
• I have over 10 years of experience in managing accounts and finance departments.

• I am skilled in financial analysis, budgeting, and forecasting.

• I have a proven track record of improving financial performance and implementing cost-saving measures.

• I am a team player and have excellent communication and leadership skills.

• I am...read more
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Q1. About Import Purchases
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