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Finoability Management Trainee Interview Questions and Answers

Updated 19 Dec 2024

Finoability Management Trainee Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Dec 2023. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. Can you tell me about yourself?
  • Ans. 

    I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.

    • Graduated with a degree in Business Administration

    • Passionate about leadership and problem-solving

    • Completed internships in marketing and finance

    • Participated in student government and led a team project

  • Answered by AI
  • Q2. What led you to choose Finance as your career specialization?
  • Ans. 

    Passion for numbers and interest in analyzing financial data led me to choose Finance as my career specialization.

    • Strong interest in working with numbers and analyzing data

    • Passion for understanding financial markets and trends

    • Enjoyment of problem-solving and critical thinking in financial scenarios

  • Answered by AI
  • Q3. What is the income statement in simple terms?
  • Ans. 

    The income statement is a financial report that shows a company's revenues, expenses, and profits over a specific period of time.

    • Shows company's financial performance over a period

    • Includes revenues, expenses, and profits

    • Helps in evaluating profitability and financial health

    • Key components: revenue, cost of goods sold, gross profit, operating expenses, net income

    • Example: Company A's income statement for the year ended De...

  • Answered by AI
  • Q4. What is the difference between Portfolio Management and Wealth Management?
  • Ans. 

    Portfolio Management focuses on managing investments in a portfolio, while Wealth Management involves comprehensive financial planning and management for high-net-worth individuals.

    • Portfolio Management involves managing investments in a portfolio to achieve specific financial goals.

    • Wealth Management includes comprehensive financial planning, investment management, tax planning, estate planning, and other financial serv...

  • Answered by AI
  • Q5. Could you describe the Internship job description and specify which part of it intrigued you the most?
  • Ans. 

    The internship job description involved assisting with project management, data analysis, and client communication.

    • Assisting with project management tasks such as creating timelines and tracking progress

    • Conducting data analysis to identify trends and make recommendations

    • Communicating with clients to gather feedback and provide updates

    • The part that intrigued me the most was the opportunity to work on real projects and g...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - This internship is a must for finance freshers. Although it includes a small element of sales, the exposure you receive is undoubtedly commendable and unmatched.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. Tell me about urself ? Nd basic finance question ratios and all

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Can speak English, can’t deliver in interviews
I feel like I can't speak fluently during interviews. I do know english well and use it daily to communicate, but the moment I'm in an interview, I just get stuck. since it's not my first language, I struggle to express what I actually feel. I know the answer in my head, but I just can’t deliver it properly at that moment. Please guide me
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Interview questions from similar companies

I applied via Naukri.com and was interviewed in Oct 2020. There was 1 interview round.

Interview Questionnaire 

7 Questions

  • Q1. Golden rules of accounting
  • Ans. 

    Golden rules of accounting are basic principles to be followed while recording financial transactions.

    • Debit the receiver, credit the giver

    • Debit what comes in, credit what goes out

    • Debit expenses and losses, credit income and gains

  • Answered by AI
  • Q2. OTC cycle
  • Q3. Difference between payment mode and payment terms
  • Q4. What's Cash application
  • Q5. How to tackle situation in case you are not able to find the consultant for a payment
  • Ans. 

    Contact other consultants or escalate the issue to higher authorities

    • Check if there are any other consultants available who can assist with the payment

    • If not, escalate the issue to the higher authorities in the company

    • Ensure that the payment is made on time to avoid any delays or penalties

    • Maintain a record of the steps taken to resolve the issue

  • Answered by AI
  • Q6. Which ERP you used in previous organization
  • Q7. And cross questions related fro CV

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep calm and listen each question carefully then analysis it first in your mind. Some time the terms used maybe different from your last organization that can confuse you. So take little time to analyse the question

I applied via Referral and was interviewed in Mar 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Tell me something about yourself
  • Ans. One should be confident and crisp like mention your name , latest qualification and your current job if working.
  • Answered Anonymously
  • Q2. What's your current job responsibilities
  • Ans. One should be really confident while answering this question so that it shows that you very well know what you do in your job
  • Answered Anonymously

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be confident as one can get a call anytime.

Interview Questionnaire 

2 Questions

  • Q1. Share your experience.
  • Ans. 

    I have diverse experiences in project management, team leadership, and process optimization across various industries.

    • Led a team of 10 in a project that improved operational efficiency by 20%, resulting in significant cost savings.

    • Implemented a new software tool that streamlined communication, reducing project turnaround time by 15%.

    • Conducted training sessions for new employees, enhancing their onboarding experience an...

  • Answered by AI
  • Q2. Share your current role
  • Ans. 

    I currently manage a team focused on project execution, ensuring timely delivery and quality standards are met.

    • Oversee daily operations and coordinate tasks among team members to enhance productivity.

    • Implement project management tools like Trello to track progress and deadlines.

    • Conduct regular team meetings to discuss challenges and brainstorm solutions, fostering a collaborative environment.

    • Analyze project outcomes an...

  • Answered by AI

I applied via Walk-in and was interviewed before Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Majorly general accounting questions
  • Q2. Finance & accounting related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through generally accepted accounting principles

I applied via Naukri.com and was interviewed in Mar 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. What is aging bucket
  • Ans. 

    Aging bucket is a method of categorizing accounts receivable based on the length of time they have been outstanding.

    • It helps in identifying the overdue accounts and managing them effectively

    • Accounts are usually categorized into buckets based on the number of days past due

    • The buckets can be customized based on the company's policies and requirements

    • For example, a company may have buckets like 0-30 days, 31-60 days, 61-9...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be specific and crisp while answering

Skills evaluated in this interview

Are these interview questions helpful?

I applied via Naukri.com and was interviewed in Nov 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Question ask for R2R relted like bank reconciliation, what is accrual basis ?, they ask the role i performed in my previous organization.

Interview Preparation Tips

Interview preparation tips for other job seekers - 1.Prepare for the process you were going for interview.
2.Prepare about the role you have performed in the previous organization
3. Be confident throughout the interview.

I applied via Naukri.com and was interviewed in May 2021. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Fundamental and some technical questions of accounting

Interview Preparation Tips

Interview preparation tips for other job seekers - Go to go skills answers the technical question. Be honest

Interview Questionnaire 

2 Questions

  • Q1. Tell me about yourself, what exactly do in your job profile, explain it, your strength and weakness, why do you want to change your job, do you think you are fit in this profile, why do you hire you, etc
  • Q2. Just be yourself, don't be over smart ,

Finoability Interview FAQs

How many rounds are there in Finoability Management Trainee interview?
Finoability interview process usually has 1 rounds. The most common rounds in the Finoability interview process are HR and One-on-one Round.
What are the top questions asked in Finoability Management Trainee interview?

Some of the top questions asked at the Finoability Management Trainee interview -

  1. What is the difference between Portfolio Management and Wealth Manageme...read more
  2. What is the income statement in simple ter...read more
  3. Tell me about urself ? Nd basic finance question ratios and ...read more

Tell us how to improve this page.

Overall Interview Experience Rating

4/5

based on 2 interview experiences

Difficulty level

Moderate 100%

Duration

Less than 2 weeks 100%
View more

Finoability Management Trainee Reviews and Ratings

based on 3 reviews

4.1/5

Rating in categories

4.5

Skill development

4.3

Work-life balance

3.4

Salary

3.0

Job security

3.7

Company culture

3.7

Promotions

3.7

Work satisfaction

Explore 3 Reviews and Ratings
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