FactSet Interview Questions, Process, and Tips

Finance, Aptitude, Verbal questions

Q1. Basic HR questions
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Q1. Finance question
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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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An aptitude test measures your capabilities in specific areas.

True-or-false. True-or-false questions can be useful in all three types of interview assessment tests.

Q1. Behavioral interview questions are questions based on how you acted in a specific situation.
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Q2. Give us an example of a goal you failed to meet, and how you handled the situation.
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Q1. Why do you want work in our company
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Q2. How do you know about the company
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Q3. Rate me how much good I did your interview
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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?
Ans. 
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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