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Finance Executive Interview Questions & Answers
Virtusa Consulting Services
PRAKASH B
posted on 13 Jan 2025
Selected
I applied via campus placement at Institute of Cost and Works Accountants of India (ICWAI) and was interviewed in Dec 2024. There were 3 interview rounds.
Online assessment (Technical, English, Reasoning)
(6 Questions)
- Q1. Difference between Balance sheet and trial balance
- Ans.
Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.
Balance sheet is a snapshot of a company's financial position at a specific point in time.
Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.
Balance sheet includes assets, liabilities, and equity sections.
Trial balance is used to prep...
- Q2. Standard costing formula
- Ans.
Standard costing formula calculates the expected cost of a product based on predetermined standards.
Standard costing formula includes direct materials, direct labor, and overhead costs.
It helps in comparing actual costs with standard costs to identify variances.
Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs
- Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
- Ans.
Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.
Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.
Accruals are expenses incurred but not yet paid or revenue earned but not yet received.
Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...
- Q4. Case study on Ind AS 115
- Q5. Preparation of balance sheet and computation of various ratios
- Ans.
Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.
List all assets, liabilities, and equity on the balance sheet
Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity
Use formulae like Current Ratio = Current Assets / Current Liabilities
Interpret the ratios to analyze the financial he
- Q6. Accounting principles
(6 Questions)
- Q1. What is DTA and DTL
- Ans.
DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.
DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.
DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.
DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.
DTL arises when a c...
- Q2. Accounting entry for accumulated depreciation
- Ans.
Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.
Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.
The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...
- Q3. Few resume based questions
- Q4. Standard costing formula
- Ans.
Standard costing formula calculates the expected cost of a product based on predetermined standards.
Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost
Standard cost of direct materials = Standard quantity of materials x Standard price per unit
Standard cost of direct labor = Standard hours of labor x Standard rate per hour
Standard manufactur...
- Q5. Difference between budgeting and forecasting
- Ans.
Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.
Budgeting is a plan for how to allocate resources and achieve financial goals
Forecasting predicts future financial outcomes based on past data and trends
Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis
Budget...
- Q6. Meaning of variance analysis
- Ans.
Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.
Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.
It involves comparing actual financial performance with budgeted or standard performance.
Common types of variances include price variance, quantity variance, and mix variance.
Variance analy...
Interview Preparation Tips
First technical interview was for 45 - 50 mins
Second technical interview was for 20 mins
Chandru sharp
Selected
I applied via Walk-in and was interviewed in Dec 2024. There were 2 interview rounds.
Process planning refers to the methodical approach of determining the best possible way to manufacture a product or deliver a service by considering various aspects such as resources, timelines, and methodologies involved in production or execution.
(5 Questions)
- Q1. Explain about previous process
- Ans.
Implemented a new chemical process to increase efficiency and reduce waste.
Researched and analyzed current process to identify areas for improvement
Designed and tested new process using simulation software
Collaborated with production team to implement changes and monitor results
Achieved 20% increase in production output and 15% reduction in waste
Continuously monitored and optimized process for further improvements
- Q2. Explain about my work experience
- Q3. Explain about my work standard
- Q4. Explain about my managing method
- Ans.
I utilize a combination of project management tools and communication strategies to effectively manage my team and projects.
I prioritize tasks based on deadlines and importance
I regularly communicate with team members to ensure everyone is on the same page
I use project management software such as Trello or Asana to track progress and assign tasks
I adapt my management style to fit the needs and preferences of individual
- Q5. Explain about my working style
Anonymous
I applied via Naukri.com and was interviewed in Dec 2024. There was 1 interview round.
(8 Questions)
- Q1. How much exp in docker?
- Ans.
I have 2 years of experience working with Docker in various projects.
2 years of experience working with Docker in various projects
Proficient in creating Docker containers, managing images, and orchestrating containers using Docker Compose
Familiar with Docker Swarm and Kubernetes for container orchestration
Experience in troubleshooting Docker-related issues and optimizing container performance
- Q2. Do you have exp in Kubernetes?
- Ans.
Yes, I have experience in Kubernetes.
I have worked on deploying and managing applications on Kubernetes clusters.
I am familiar with creating and managing Kubernetes resources such as pods, deployments, services, and ingresses.
I have experience in using tools like kubectl and Helm for interacting with Kubernetes clusters.
I have implemented CI/CD pipelines using Kubernetes for automated deployment and scaling of applicat
- Q3. What is OOP?
- Ans.
OOP stands for Object-Oriented Programming, a programming paradigm based on the concept of objects.
OOP focuses on creating objects that contain data and methods to manipulate that data.
Encapsulation, inheritance, and polymorphism are key principles of OOP.
Examples of OOP languages include Java, C++, and Python.
- Q4. Types of polymorphism
- Ans.
Polymorphism in Java refers to the ability of a method to do different things based on the object it is acting upon.
Types of polymorphism in Java include method overloading and method overriding.
Method overloading is when multiple methods have the same name but different parameters.
Method overriding is when a subclass provides a specific implementation of a method that is already defined in its superclass.
- Q5. Thread in java
- Ans.
Threads in Java allow multiple tasks to run concurrently within a single program.
Threads are lightweight sub-processes that share the same memory space.
They are used to improve performance by allowing tasks to run simultaneously.
Examples include creating a new thread using the Thread class or implementing the Runnable interface.
- Q6. Knowledge in which spring modules
- Q7. What is spring profile
- Ans.
Spring profile is a way to segregate parts of your application configuration and make it only available in certain environments.
Spring profiles allow you to define different configurations for different environments such as development, testing, and production.
You can use @Profile annotation to specify which beans should be loaded based on the active profile.
Profiles can be activated in various ways such as through app...
- Q8. What is @PreAuthorize and @PostAuthorize
- Ans.
Annotations used in Spring Security to apply authorization rules before and after a method is called.
Used in Spring Security to define authorization rules
@PreAuthorize is used to apply authorization rules before a method is called
@PostAuthorize is used to apply authorization rules after a method is called
Both annotations support SpEL expressions for defining rules
Interview Preparation Tips
- Basics in java
- Spring security
- Spring Boot
- Docker
- Cloud Computing
I applied via Naukri.com and was interviewed in Nov 2024. There was 1 interview round.
(16 Questions)
- Q1. What are custom hooks in React, and what are their use cases? Additionally, can you provide an example of a custom hook that performs an API call and utilizes the retrieved data?
- Q2. What is the difference between useMemo and useCallback in React?
- Q3. What is the difference between class-based components and functional components in React?
- Q4. How can you implement the lifecycle of a React component in a functional component?
- Q5. What are the various state management techniques available in React?
- Q6. What is the architecture of Redux, and what purposes do middlewares serve within it?
- Q7. What is hoisting in JavaScript?
- Q8. What is event bubbling in JavaScript?
- Q9. What are block scope and function scope in JavaScript?
- Q10. Have you had experience working with semantic tags in HTML?
- Q11. What are the various methods for creating an object in JavaScript?
- Q12. What are the differences between shallow copy and deep copy in JavaScript?
- Q13. What will be the output of the following JavaScript code fragment: `const a; function test() { console.log(a); }; test();`?
- Q14. How can you use CSS to arrange elements in a row and column layout?
- Q15. Have you utilized CSS preprocessors, and if so, which ones?
- Q16. If I have assigned different colors to an ID and a class and applied both to the same element, which color will be applied based on CSS specificity precedence?
Interview Preparation Tips
- Javascript
- React.Js
- HTML
- CSS
yash sharma
Selected
I applied via Walk-in and was interviewed in Dec 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Can you introduce yourself?
- Q2. Random topic vocalisation
Typing tests and the Versant test.
(2 Questions)
- Q1. What was your role in your last job?
- Q2. How comfortable are you with rotational night shifts and having weekdays off?
Interview Preparation Tips
I applied via Recruitment Consulltant and was interviewed in Nov 2024. There were 4 interview rounds.
(1 Question)
- Q1. Basic question on the tool I use in previous company and ask question on the components of it.
(1 Question)
- Q1. More on what is my role and managerial round.
(1 Question)
- Q1. 2 hour long interview with a panel of 4. Possibly every single question that can be asked and repeatedly same things. They tried understanding the process and functions elaborately way too much which was ...
(1 Question)
- Q1. Everything was already asked. But they need to drench and waste time of the candidate and themselves so they set up another round of technical to ask the same questions again and again.
Interview Preparation Tips
RISHABH Pal
Selected
I applied via Naukri.com and was interviewed in Nov 2024. There were 2 interview rounds.
The Aptitude Test session accesses mathematical and logical reasoning abilities
(6 Questions)
- Q1. What is Vlookup
- Q2. Some IF else Question in Excel
- Q3. What does your day in your previous organization look like?
- Q4. Could you share the technical skills you possess?
- Q5. Can you explain what a Pivot Table is?
- Q6. Find the Highest-paid employee in each department along with their salary and department name.
Interview Preparation Tips
- SQL
- Excel
- Problem Solving
- PowerBI
- SQL Queries
Be prepared to discuss past challenges and how did you overcome.
I applied via campus placement at Indian Institute of Technology (IIT), Patna and was interviewed in Dec 2024. There were 2 interview rounds.
The coding questions were at Leetcode difficulty level and were derived from the Striver sheet.
(2 Questions)
- Q1. BFS graph level
- Q2. Minimum flight distance . I was not shortlisted for interview.
Interview Preparation Tips
I was interviewed in Dec 2024.
(2 Questions)
- Q1. Tell me about your self
- Q2. What are your strengths and weekness
(2 Questions)
- Q1. Tell me about your experience when you faced difficulty at work while working on a project
- Q2. Tell me something about your self
(2 Questions)
- Q1. What are your strengths
- Q2. Why are you interested in this job
(2 Questions)
- Q1. Where do you see yours self in the next five years
- Q2. Do you like to work over time or odd hours
(2 Questions)
- Q1. Why did you leave your last job
- Q2. How do you handle stress pressure and enxiety
Interview Preparation Tips
I applied via Campus Placement and was interviewed in Jul 2024. There were 3 interview rounds.
Aptittude test consist of basic quantitative and logical questions
(2 Questions)
- Q1. About project and project details
- Q2. Why choose this field
(2 Questions)
- Q1. Why choose this company
- Q2. Is there any other question
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