Fincart Financial Planners Senior Accountant Interview Questions and Answers

There was one online exam

Q1. Type of derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be categorized into options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

• Forwar...read more
Answered by AI
Add your answer
Q2. What is NAV and its formula
Ans. 
NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.
• NAV is calculated by subtracting the total value of a fund's liabilities from the total value of its assets.

• The formula for NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund or ETF.
Answered by AI
Add your answer

Basic accounting questions

Q1. What is financial market
Ans. 
Financial market is a platform where buyers and sellers trade financial securities, commodities, and other fungible items.
• Financial markets facilitate the exchange of assets such as stocks, bonds, currencies, and derivatives.

• They provide a platform for companies to raise capital through issuing stocks or bonds.

• Financial markets can be categorized into primary markets (new securities are issued) and secondary markets (e...read more
Answered by AI
Add your answer
Q2. What is investment banking
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Facilitates mergers and acquisitions

• Underwrites securities offerings

• Provides financial advisory services

• Assists with raising capital for clients

• Engages in trading and market-making activities
Answered by AI
Add your answer
Q3. What is Net Asset Value
Ans. 
Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
• NAV is calculated by subtracting the fund's liabilities from its assets.

• The result is then divided by the number of shares outstanding to determine the NAV per share.

• NAV is used to determine the price at which investors can buy or sell shares of the fund.

• It is an important metric for investors to tra
Answered by AI
Add your answer

Q1. Tell me about yourself
Add your answer
Q2. Journal entries
Add your answer
Q3. Talk on current affairs
Add your answer

Q1. All about derivatives
Add your answer
Q2. All About Journal entries
Add your answer

Q1. Talk me through your CV
Add your answer
Q2. Why do you want to work here
Add your answer

Maths questions and Reasoning

Discussion on gdp and current affairs

Q1. Accounting Standards
Add your answer
Q2. International financial reporting
Add your answer

Q1. Waht is a bond, type of financial markets, type of capital market
Add your answer
Q2. Capital market and money market
Add your answer
Q3. Primary, Right issue, private placement,qlb AdR,GDR,IDR
Add your answer
Q4. Primary market secondary market
Add your answer
Q5. Public for the purpose raising capital
Add your answer

Interst rate and bond price

Which of the following terms is not related to stock exchange

Talent to show the platform

It’s about to speak about 1 min of my village

Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
Ans. 
I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.
• Golden rule of accounting: Debit the receiver, credit the giver

• Bank reconciliation statement: Matching ...read more
Answered by AI
Add your answer