FIS Operations Analyst Interview Questions and Answers

Q1. Could you explain the process of your last job?
Ans. 
In my last job as an Operations Analyst, I was responsible for analyzing data, identifying trends, and making recommendations to improve efficiency.
• Gathered and analyzed data to identify areas for improvement

• Created reports and presentations to communicate findings to management

• Collaborated with different departments to implement process improvements

• Monitored key performance indicators to track progress and make adjust
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Q2. What are your reasons for leaving your last organization, and what are you seeking in your new company?
Ans. 
Left previous organization for career growth opportunities. Seeking a company with a supportive work culture and room for advancement.
• Left for career growth opportunities

• Seeking supportive work culture

• Looking for room for advancement
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This is a combination of an aptitude test, English grammar assessment, Excel evaluation, and a technical written exam.

Q1. What is depreciation and why we charge depreciation?
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life to reflect its gradual wear and tear or obsolescence.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It helps in spreading the cost of an asset over its useful life rather than expensing it all at once.

• Depreciation is charged to match the revenue generated by the asset over time.

• Common methods ...read more
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Q2. What is accrual concept in accounting?
Ans. 
Accrual concept in accounting recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting records revenues and expenses when they are earned or incurred, not when cash is received or paid.

• It ensures that financial statements accurately reflect the financial position of a company at a given point in time.

• Accrual concept helps in matching revenues with expenses, provid...read more
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