FactSet 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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Easy test based on finance , lrdi ,quants and verbal

Q1. Ppt round and based on that questions
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Q2. Education related questions
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GoodL1 Service Desk Technical Support (JL2A & Jl3A)/Voice+Chat (NO 2B)
European client - WFO/WF client location Pune
24/7 weekly shift roaster/International call handling experience,5 days working.
Trouble shooting lists – VPN, BSOD, Bit locker, MS teams, Password reset, Active directory, Printer, Outlook/webmail/Add ins/PST/DST/, BIOS, Drivers & Installation
Ping command
Difference between service request & incidents.
Aware about the SLA/Metrics handled.
Situational Questions (looking at presence of mind)

Financial Reporting formats

Q1. Basic accounting questions
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Q1. Why did you want to join factset
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Q1. What is balance sheet
Ans. 
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
Ans. 
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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Data Structures and Algorithms

Q1. Data structures and Algorithms
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Q1. Data Structures And Algorithms
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Q1. Basic understanding of the resume, resume based question, web based questions
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