Flex Financial Analyst Interview Questions and Answers

Basic of Finance and Accounting. English

Q1. Basic of Finance, Accounting, Golden rules
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Basic accounting questions and english

Q1. Golden rules of accounting and its concepts
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified.

• For example, when a company receives cash from a c...read more
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Q2. What is mean by budgeting and forecasting
Ans. 
Budgeting involves setting financial goals and creating a plan to achieve them, while forecasting involves predicting future financial outcomes.
• Budgeting is the process of creating a detailed plan for how to spend money or allocate resources over a specific period of time.

• Forecasting involves predicting future financial outcomes based on historical data, trends, and other factors.

• Budgeting helps organizations to plan a...read more
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Q3. Tell about yourself and family background
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Q4. What would be next 5 years in the carrier
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Q1. What would be your expected salary
Ans. 
I would expect a salary that is competitive with industry standards and reflects my qualifications and experience.
• Research industry salary benchmarks for financial analysts

• Consider my qualifications, experience, and the responsibilities of the role

• Negotiate based on the value I can bring to the company

• Be open to discussing benefits and other forms of compensation
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Q2. Are you Okay with any shifts ?
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