FactSet Financial Research Analyst Interview Questions, Process, and Tips

Q1. What are options
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Q1. What makes you a good candidate?
Ans. 
I am a good candidate because of my strong financial background, analytical skills, and ability to work well under pressure.
• Extensive experience in financial analysis and reporting

• Strong analytical skills to interpret data and make informed decisions

• Proven ability to work well under pressure and meet tight deadlines

• Excellent communication and interpersonal skills for building relationships with clients and colleagues
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Q1. What is IFRC and USGaap?
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IFRC stands for International Financial Reporting Standards and USGaap stands for United States Generally Accepted Accounting Principles.
• IFRC is a set of accounting standards developed by the International Accounting Standards Board (IASB).

• USGaap is a set of accounting principles used in the United States for financial reporting.

• IFRC focuses on principles-based standards, while USGaap is more rules-based.

• IFRC is used i...read more
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Q1. What are common control transactions
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Common control transactions are transactions between entities under common control, where one entity has control over the other.
• Common control transactions typically involve the transfer of assets, liabilities, or equity between entities under the same parent company.

• These transactions are not considered arm's length transactions as the entities involved are related.

• Examples of common control transactions include the t...read more
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Q2. What is risk assessment
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Risk assessment is the process of identifying, analyzing, and evaluating potential risks in order to make informed decisions.
• Identifying potential risks that could impact an organization's objectives

• Analyzing the likelihood and impact of each risk

• Evaluating the overall risk exposure and determining appropriate risk mitigation strategies

• Risk assessment helps in making informed decisions and prioritizing resources

• Example...read more
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Q1. Quick introduction
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Q2. A memorable day in life
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Q1. Can you explain your current professional profile?
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Q2. Salary exceptions
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Q1. How do you handle escalations?
Ans. 
I handle escalations by remaining calm, listening actively, identifying the root cause, proposing solutions, and following up to ensure resolution.
• Remain calm and composed when dealing with escalated situations

• Listen actively to understand the concerns and perspectives of all parties involved

• Identify the root cause of the escalation to address the underlying issue

• Propose solutions or alternatives to resolve the escalat...read more
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Q2. How important is this job to you?
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Good but a tricky one

Q1. Self introduction
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Q2. Education background
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Preparing Financial statements