FIS Fund Accountant Interview Questions and Answers

Numerical verbal abstracts and logical reasoning questions.

Q1. Can you tell me about yourself? What are your strengths? Where do you see yourself in five years? Why are you interested in this job?
Ans. 
Experienced accountant with strong analytical skills and a passion for financial management. Goal-oriented and dedicated to continuous learning and growth.
• Strengths include attention to detail, problem-solving skills, and proficiency in financial software

• In five years, I see myself as a senior accountant or financial manager, leading a team and contributing to the strategic growth of the organization

• I am interested in ...read more
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Q2. What are your weaknesses?
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One of my weaknesses is that I can be overly critical of my own work.
• I tend to be a perfectionist and can spend too much time on a task to ensure it is flawless

• I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly

• I am working on improving my time management skills to prioritize tasks more effectively
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Q1. Knowledge and skills
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Q2. Confidence and communcation
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Q3. Problem solving skills
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Q1. What is bad bebt
Ans. 
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
• Bad debt is a financial loss for the company.

• It is usually the result of customers who are unable or unwilling to pay their debts.

• Companies often have to write off bad debts as uncollectible.

• Bad debt can negatively impact a company's financial statements and cash flow.

• Examples include unpaid invoices, defaulted loans, and overdue payme
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Q2. What is accounts
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Accounts refer to financial records that track the financial activities of a business or individual.
• Accounts are used to record transactions such as income, expenses, assets, and liabilities.

• They help in analyzing the financial health of an entity and making informed decisions.

• Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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Q1. Till about your self
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Q2. What is your experience
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Q1. Self introduction
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Q2. Why do you left your previous company
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Q1. How many types of financial statements
Ans. 
There are three main types of financial statements: balance sheet, income statement, and cash flow statement.
• Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• Income statement shows a company's revenues, expenses, and profits over a period of time.

• Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
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Q2. Difference between trial balance and balance sheet
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Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.
• Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.

• Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...read more
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Q1. Journal entry for prepaid expenses
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Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit the Cash/Bank account.

• As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.

• Example: Payment of insurance premium in...read more
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Q2. Journal entry for purchase return
Ans. 
Journal entry for purchase return involves debiting accounts payable and crediting inventory account.
• Debit accounts payable to reduce liability

• Credit inventory account to reduce inventory on hand

• Example: Debit Accounts Payable $500, Credit Inventory $500
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Q1. Why u left your previous job ??
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Q2. Salary expectation
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Q3. What is Bank reconciliation
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Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.
• Bank reconciliation helps ensure the accuracy of a company's financial records.

• It involves comparing the transactions recorded in the company's books with those in the bank statement.

• Any discrepancies between the two balances are identified and resolved.

• Common reasons for d...read more
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Q1. Introduce your self and experience
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Q2. Motivation for applying job
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Q1. What is your strength
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Q1. Why do you want to work here
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Q1. Tell about your past experience
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