FactSet Interview Questions, Process, and Tips

Provision for bad debts is an accounting practice of setting aside a portion of revenue to cover potential losses from customers who do not pay their debts.

• Provision for bad debts is a common practice in businesses that extend credit to customers.

• It is a way to account for potential losses from customers who may not pay their debts.

• The provision is usually a percentage of revenue or accounts receivable.

• The provision is...read more

Share and stock are both forms of ownership in a company, but there are some differences.

• Shares represent ownership in a specific company, while stocks can refer to ownership in multiple companies

• Shares can be bought and sold on stock exchanges, while stocks are traded on stock markets

• Shares may have different classes with varying voting rights, while stocks typically have equal voting rights

• Shares may pay dividends, w...read more

Balance Sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.

• It presents the assets, liabilities, and shareholders' equity of a company.

• Assets are resources owned by the company, such as cash, inventory, and property.

• Liabilities are the company's obligations, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth, calcu...read more

Factset is a financial data and software company that provides research, analytics, and data solutions to investment professionals.

• Factset offers a wide range of financial data and analytics tools

• It provides real-time market data, news, and research reports

• Factset's software platforms help investment professionals in portfolio management, risk analysis, and quantitative research

• The company serves clients in the financi...read more

Retained earnings are the accumulated profits of a company that are reinvested into the business instead of being distributed to shareholders.

• Retained earnings represent the portion of net income that is retained by the company after dividends are paid out to shareholders.

• They are reported on the balance sheet under the equity section.

• Retained earnings can be used for various purposes such as funding growth, paying off...read more

An equity stock holder is an individual or entity that owns shares of a company's stock.

• Equity stock holders have ownership in a company and are entitled to a portion of its profits.

• They can vote on important company decisions and attend shareholder meetings.

• Examples of equity stock holders include individual investors, mutual funds, and pension funds.

GAAP stands for Generally Accepted Accounting Principles. It is a set of accounting standards and principles used in the preparation of financial statements.

• GAAP is a set of guidelines and principles that govern the accounting and financial reporting practices of companies.

• The main goal of GAAP is to ensure consistency, comparability, and transparency in financial reporting.

• GAAP provides a framework for recording, summ...read more

IFRS stands for International Financial Reporting Standards.

• IFRS is a set of accounting standards developed by the International Accounting Standards Board (IASB).

• It provides a common framework for financial reporting across different countries.

• IFRS aims to enhance transparency, comparability, and reliability of financial statements.

• It is used by companies to prepare their financial statements in a consistent and stand...read more

Find pairs of numbers in array whose sum is least near to k

• Sort the array in ascending order

• Use two pointers approach to find the pair closest to k

• Keep track of the minimum difference between k and the sum of pairs

• Return all pairs with the minimum difference

To find intersecting point of two linked lists, use two pointers and traverse both lists simultaneously.

• Use two pointers, one for each linked list, and traverse both lists simultaneously

• If one pointer reaches the end of a list, redirect it to the head of the other list

• When both pointers point to the same node, that is the intersecting point

Given a matrix of characters and a string, find the first index of string in matrix. String can be horizontally, vertically, diagonally present in any direction.

• Iterate through each character in the matrix and check if it matches the first character of the string.

• If it matches, check if the remaining characters of the string are present in the same direction.

• Repeat the above step for all possible directions.

• Return the ...read more

I am a highly motivated individual with a passion for learning and a strong work ethic.

• I have a Bachelor's degree in Computer Science

• I have completed several internships in software development

• I am proficient in multiple programming languages including Java and Python

• I enjoy working in a team environment and collaborating with others

• I am always looking for new challenges and opportunities to grow

Find the common element in all rows of a matrix.

• Iterate through each element of the first row and check if it exists in all other rows.

• If an element is found in all rows, return it.

• If no common element is found, return null or a message indicating the same.

Find median of two sorted arrays in O(logM + logN) time complexity.

• Use binary search to find the partition point in both arrays.

• Calculate the left and right elements of the partition in both arrays.

• If the left elements are smaller than the right elements, we have found the median.

• If not, adjust the partition point accordingly and repeat the process.

• If the total number of elements is odd, median is the max of left eleme...read more

Zig-zag traversal of binary tree is a traversal technique where nodes are visited in a zig-zag pattern.

• Start from the root node and traverse the first level from left to right.

• For the second level, traverse from right to left.

• Continue this pattern for all levels of the tree.

• Use a stack or queue to keep track of the nodes to be visited.

• Example: For a binary tree with root node 1, the zig-zag traversal would be 1 3 2 4 5

Find an odd occurring number among even occurring numbers.

• Use XOR operation to cancel out even occurring numbers and get the odd occurring number.

• Iterate through the array and XOR each element with the result variable.

• The final result will be the odd occurring number.

Print the spiral order of a binary tree and matrix.

• For binary tree, use level order traversal and alternate direction for each level.

• For matrix, use four pointers to traverse in spiral order.

• Example for binary tree: 1 -> 2 -> 3 -> 4 -> 5 -> 6 -> 7 -> 8 -> 9

• Example for matrix: 1 2 3 4 -> 8 7 6 5 -> 9 10 11 12 -> 16 15 14 13

Finding pairs in an array with a given sum.

• Iterate through the array and for each element, check if the difference between the given sum and the element exists in the array.

• Use a hash table to store the elements of the array and their indices for faster lookup.

• If there are multiple pairs with the same sum, return any one of them.

• If no pair is found, return null or an empty array.

Find total number of k element with given avg in an array in minimum time complexity.

• Use sliding window technique to traverse the array in O(n) time complexity.

• Maintain a sum variable to keep track of the sum of elements in the window.

• If the sum of elements in the window is equal to k times the given avg, increment the count.

• Move the window by subtracting the first element and adding the next element in the array.

Printing non-boundary elements of a binary tree

• Traverse the tree in any order (preorder, inorder, postorder)

• Check if the current node is not a boundary node (not the first or last node in its level)

• If it is not a boundary node, print its value

• Recursively traverse its left and right subtrees