Gallagher & Mohan Interview Questions, Process, and Tips

First round was MCQ test.

Q1. Tell me about yourself
Ans. 
Experienced accountant with a strong attention to detail and a passion for numbers.
• Graduated with a degree in Accounting from XYZ University

• Worked as a junior accountant at ABC Company for 2 years

• Proficient in using accounting software such as QuickBooks and Excel

• Managed financial reports and budgets for multiple clients

• Strong analytical skills and ability to problem solve efficiently
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Q2. What is golden rules for accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rules include: 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 accuracy and consistency in financial reporting.

• For example, when a company receives cash from a customer, the transaction would ...read more
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Q3. What is accrual accounting
Ans. 
Accrual accounting is a method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
• Revenue is recorded when it is earned, not necessarily when cash is received

• Expenses are recorded when they are incurred, not necessarily when they are paid

• Accrual accounting provides a more accurate representation of a company's financial position and performance over t
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Q1. What is WACC and how is it used in Real Estate?
Ans. 
WACC stands for Weighted Average Cost of Capital and is used to determine the minimum return a company must earn on their investments to satisfy their shareholders and debt holders.
• WACC is calculated by taking the weighted average of the cost of equity and the cost of debt, with each component weighted by its respective proportion in the company's capital structure.

• In Real Estate, WACC is used to evaluate the feasibili...read more
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Q2. A word problem where you had to calculate IRR
Ans. 
Calculating IRR for a word problem
• Identify the initial investment and cash flows over time

• Use a financial calculator or Excel to calculate the IRR

• IRR is the discount rate that makes the net present value of all cash flows equal to zero
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I was given a set of assumptions on the basis of which I had to create a DCF model on real estate. It included topics like NNN lease, and I had to find the IRR of the project, the projected profit, Equity multiple and earnings.

Q1. How do you calculate Cash on cash returns?
Ans. 
Cash on cash returns are calculated by dividing the annual pre-tax cash flow by the initial investment.
• Calculate the annual pre-tax cash flow from the investment property.

• Divide the annual pre-tax cash flow by the initial investment amount.

• Express the result as a percentage to get the cash on cash return.

• Formula: Cash on Cash Return = (Annual Pre-tax Cash Flow / Initial Investment) * 100%
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Q2. Would you prefer a lower or a higher cap rate and why
Ans. 
I would prefer a lower cap rate as it indicates higher potential returns on investment.
• Lower cap rate implies higher potential returns on investment

• Higher cap rate may indicate higher risk or lower potential returns

• Investors typically prefer lower cap rates for safer investments

• Example: A cap rate of 5% may be preferred over a cap rate of 10%
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Q1. HR asked me to give an introduction
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Q1. General questions related to my resume and job role.
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Gave me 3 case studies related to organisational difficulties faced during a remote work.

Basic real estate related questions

Q1. What is cap rate
Ans. 
Cap rate, or capitalization rate, is a measure used to evaluate the potential return on investment for a real estate property.
• Cap rate is calculated by dividing the property's net operating income (NOI) by its current market value.

• It is expressed as a percentage and is used by investors to compare different investment opportunities.

• A higher cap rate indicates a higher potential return, but may also come with higher ris...read more
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Q2. What is unlevered & levered irr
Ans. 
Unlevered IRR is the internal rate of return without considering debt, while levered IRR includes the impact of debt.
• Unlevered IRR is the return on an investment without taking into account the effects of debt financing.

• Levered IRR is the return on an investment that includes the impact of debt financing.

• Unlevered IRR is used to evaluate the return on an investment solely based on its own merits, while levered IRR cons...read more
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Q1. 1. What are your qualifications? 2. What do you know about our company? 3. What are you skills and experience?
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Q2. 1. Are you comfortable with the timings (Night Shift - US Timings)
Ans. 2. Do you have a proper WFH setup
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