Futuristic Process Solutions Interview Questions and Answers

Round 1 was a technical assignment which includes aptitude test, accounting test and excel test

Q1. Basic details like tell me about yourself
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Q2. About your family and future goals.
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Q1. About financial statements
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Q2. Financial ratios
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Q3. Mutual fund vs hedge fund
Ans. 
Mutual funds are managed by professionals who invest pooled funds in a diversified portfolio of securities, while hedge funds are more actively managed and use a variety of strategies to achieve high returns.
• Mutual funds are regulated by the SEC and have restrictions on trading practices, while hedge funds have more flexibility and are only available to accredited investors.

• Mutual funds are typically more suitable for ...read more
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Q4. Type of bonds and shares. And corporate actions.
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Bonds and shares are types of securities issued by companies to raise capital. Corporate actions refer to events that impact shareholders.
• Types of bonds include government bonds, corporate bonds, and municipal bonds.

• Types of shares include common shares and preferred shares.

• Corporate actions include dividends, stock splits, mergers, acquisitions, and rights issues.
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Accounts question Depreciation Bad debts

Q1. About branch transfer JV
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Q2. Salary Journal entries
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Q1. Intervie with Director
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Q2. About personal and family details previous experience
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Q1. Interview with client
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This test is an offline assessment covering math, logical reasoning, and English grammar. However, it holds less importance as HR will primarily focus on your process-related work experience, communication skills, knowledge about the company, and understanding of the process, especially if you are a fresher.

Q1. Tell me about yourself.
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Q2. Tell me in brief about your work experience.
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Q3. When did you leave your previous organization and why?
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Q4. Are you an immediate joiner or what is your notice period?
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Q5. Do you know about cogneesol?
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Q6. I will shortlisted you for the next round wait for it, or take a break.
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Q1. He/she will look at your resume and ask about your salary expectations.
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Q2. Show me your last salary slip or appraisal letter.
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Q3. We will provide your "XX" amount per month where "X" will be fixed and "Y" will be your NSA and incentives. If you are ready we will provide you an offer letter immediately.
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Q1. What is index and types of index
Ans. 
An index is a data structure that improves the speed of data retrieval operations in a database.
• Types of indexes include clustered index, non-clustered index, unique index, and composite index.

• Indexes can be created on one or multiple columns in a table.

• Indexes help in quickly locating data without having to scan the entire table.

• Examples of indexes are primary key indexes, foreign key indexes, and secondary indexes.
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Q2. What is SCD and its type
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SCD stands for Slowly Changing Dimension, which is a concept used in data warehousing to track changes in data over time.
• SCD Type 1: Overwrites old data with new data, losing historical information.

• SCD Type 2: Keeps multiple versions of the same record, each with a different timestamp.

• SCD Type 3: Maintains separate columns for current and previous values, limiting historical data tracking.

• SCD Type 4: Uses separate hist...read more
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Q3. Tell me the process of data pipeline
Ans. 
Data pipeline is a series of processes that collect, transform, and load data from various sources to a destination for analysis.
• Data ingestion: Collecting data from various sources like databases, APIs, logs, etc.

• Data processing: Cleaning, transforming, and enriching the data to make it usable for analysis.

• Data storage: Storing the processed data in a data warehouse, data lake, or other storage solutions.

• Data analysis...read more
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Q1. About working background
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Q2. Experience in particular domain
Ans. 
I have 5 years of experience in the retail industry, specifically in managing inventory and customer service.
• Managed inventory levels to ensure products were always in stock

• Implemented customer service training programs for staff

• Analyzed sales data to make informed decisions on product selection and pricing
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Q1. Application of different ind AS
Ans. 
Different ind AS are accounting standards used in India to prepare financial statements.
• Ind AS 115 - Revenue from Contracts with Customers governs how revenue should be recognized in financial statements.

• Ind AS 116 - Leases specifies how leases should be accounted for in financial statements.

• Ind AS 109 - Financial Instruments provides guidelines on how financial instruments should be measured and presented in financial
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Q2. Application of different audit procedures
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Audit procedures are used to gather evidence and assess the accuracy of financial statements.
• Performing analytical procedures to identify unusual trends or fluctuations

• Conducting tests of details to verify specific account balances or transactions

• Reviewing internal controls to assess their effectiveness in preventing and detecting errors or fraud

• Confirming balances with third parties to validate the accuracy of financi
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Q1. Case study based question from resume
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Q1. Past company experience
Ans. 
I have 5 years of experience working as a Process Associate at a multinational company.
• Managed and optimized various processes to improve efficiency

• Collaborated with cross-functional teams to implement new strategies

• Analyzed data and generated reports for management review

• Trained new employees on company processes and procedures
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Q1. Core related experience and skills
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Q2. Accounting tools ?
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Q1. Salary discussion
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Be sure what you write

Q1. Tell me about yourself
Ans. 
I am a tax consultant with 5 years of experience helping clients navigate complex tax laws and maximize their deductions.
• I have a Bachelor's degree in Accounting from XYZ University.

• I am proficient in tax preparation software such as TurboTax and QuickBooks.

• I have successfully helped clients save thousands of dollars by identifying overlooked deductions.

• I stay up-to-date on the latest tax laws and regulations to provid
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Q2. Why do you want to work in this company
Ans. 
I am drawn to your company's reputation for providing top-notch tax consulting services and opportunities for professional growth.
• Impressed by the company's track record of successful tax consulting projects

• Excited about the potential for career advancement and skill development

• Interested in working with a team of experienced professionals in the field
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Q1. IS Codes for Bill certification.
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Q1. Salary negotiation
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As a business development associate, its important to handle clients. So the case study involved an angry and frustrated client having discussion to terminate the business relationship.
Question: what strategies would you have to make sure that the business relationship doesn't come to an end?