FactSet Research Analyst Interview Questions, Process, and Tips

Questions related to accounting

Q1. Explain about financial statements
Ans. 
Financial statements are documents that provide information about a company's financial performance and position.
• Financial statements include the income statement, balance sheet, and cash flow statement.

• The income statement shows a company's revenues and expenses over a period of time.

• The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.

• The cash flow statement...read more
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Q2. What is depreciation
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Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is used to spread out the cost of an asset over its useful life for accounting and tax purposes.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Examples of depreciable assets...read more
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Q1. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet equation is: Assets = Liabilities + Shareholders' Equity.

• It helps investors and analysts...read more
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Q2. Tell me about your last project
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Q3. What is merger and acquisition
Ans. 
Merger and acquisition is the process of combining two companies into one entity through various financial transactions.
• Merger involves two companies coming together to form a new company

• Acquisition involves one company buying another company

• Mergers and acquisitions can help companies expand their market share, diversify their products, or achieve cost savings through synergies

• Examples include Disney's acquisition of 2...read more
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Q4. What is cash flow statement
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Cash flow statement is a financial report that shows the inflows and outflows of cash in a business over a specific period of time.
• It provides information on how well a company manages its cash position.

• It consists of three sections: operating activities, investing activities, and financing activities.

• Operating activities include cash received from sales and cash paid for expenses.

• Investing activities include cash spen...read more
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Questions related to Finance & Accounting topics & Basic English grammar

Q1. Self Introduction About Company Finance & Accounting, Taxation related questions & many more
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Q1. Self Introduction & few more questions related to Human Resource Management
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Finance and accounting, English grammar related questions.

Q1. Finance and Accounting related question
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Question related to aptitude to test analytical skills and English question to know the grammatical ability to speak in English.

Q1. Interview will be with managers and TL atleast 2members will be in panel. Questions related to accountancy, commerce and background of the interviewee are asked.
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Q2. Tell me about yourself, strength and weakness?
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Q3. What is Accumulated depreciation?
Ans. 
Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset over its useful life.
• It is a contra-asset account that reduces the value of an asset on the balance sheet.

• It is calculated by subtracting the asset's salvage value from its original cost and dividing the result by the asset's useful life.

• It represents the total amount of wear and tear or obsolescence that an asset h...read more
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Q4. How depreciation reflect in cash flow?
Ans. 
Depreciation reduces net income and increases cash flow.
• Depreciation is a non-cash expense that reduces net income.

• Since it is a non-cash expense, it is added back to net income in the cash flow statement.

• This results in an increase in cash flow from operating activities.

• For example, if a company has a net income of $100,000 and depreciation expense of $20,000, the cash flow from operating activities would be $120,000.

• ...read more
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Q5. What is the difference between assets and liabilities?
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Assets are resources owned by an individual or organization, while liabilities are debts or obligations owed to others.
• Assets can include cash, property, investments, and inventory.

• Liabilities can include loans, mortgages, and unpaid bills.

• Assets are typically viewed as positive, while liabilities are viewed as negative.

• The difference between assets and liabilities is known as net worth or equity.
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Q6. What are accrued expenses?
Ans. 
Accrued expenses are liabilities that have been incurred but not yet paid for.
• Accrued expenses are recorded on the balance sheet as a current liability.

• They represent expenses that have been recognized but not yet paid for.

• Examples of accrued expenses include salaries payable, interest payable, and utilities payable.

• Accrued expenses are typically recorded through adjusting entries at the end of an accounting period.
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Q1. Mutual funds, IPO, Working capital, Public company vs Private company share capital. capital market
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Q2. Past experience ,capital market
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