Goldman Sachs Financial Accountant Interview Questions and Answers

Q1. Questions about financial statement
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Q2. Depreciation in cash flow statement
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Depreciation in cash flow statement is a non-cash expense that reduces net income but does not impact cash flow.
• Depreciation is added back to net income in the cash flow statement because it is a non-cash expense.

• It represents the allocation of the cost of an asset over its useful life.

• Depreciation is important for assessing the true cash flow generated by a business.

• It is typically found in the operating activities se
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Q3. Formulas of excel
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Excel formulas are used to perform calculations and manipulate data in Excel spreadsheets.
• Excel formulas start with an equal sign (=) followed by the function or calculation.

• Common Excel functions include SUM, AVERAGE, IF, VLOOKUP, and CONCATENATE.

• Formulas can reference cells, ranges, or other worksheets in the same workbook.

• Excel formulas can be used to perform mathematical operations, logical comparisons, text manipu
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Q1. Why did you choose commerce
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Q2. What is accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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Q3. What is cost accounting
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Cost accounting is a branch of accounting that focuses on calculating and controlling the costs of producing goods or services.
• It involves analyzing, recording, and reporting on the costs associated with producing goods or services.

• Cost accountants help management make decisions by providing information on the costs of different products, services, or activities.

• Examples of cost accounting techniques include job costin
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Q4. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are listed on the left side, liabilities and shareholders' equity on the right side.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It helps investors and analysts assess the ...read more
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Q5. What is insurance
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Insurance is a financial arrangement that provides protection against potential losses or risks.
• Insurance involves a contract between an individual or entity and an insurance company.

• The individual or entity pays a premium in exchange for coverage against specified risks.

• Types of insurance include health, life, auto, home, and business insurance.

• Insurance helps mitigate financial losses in case of accidents, illnesses,
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Q6. Tell me about yourself
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Q1. Tell me something about yourself
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Q1. Tell me about yourself
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Q2. Why you want to work at BCG
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Q1. Interviewer asked many questions gave all the answers maybe for the start intro the line wasn't audible much....but answer all the questions still the interviewer wasn't satisfied.maybe the best excuse is ...read more
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Q2. All financial market questions and accounting questions
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Q3. Capital market types
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Capital market types refer to the different categories of financial markets where securities are bought and sold.
• Primary market - where new securities are issued for the first time, such as IPOs

• Secondary market - where existing securities are bought and sold among investors, such as stock exchanges

• Money market - deals with short-term debt securities, such as Treasury bills

• Bond market - where long-term debt securities a...read more
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Q4. Why are you looking for a job
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Q5. Behavioral questions
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Q6. Previous experience
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Q7. Salary expectation
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Q1. What is customer service and profit
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Customer service and profit are closely related as good customer service leads to increased profits.
• Good customer service leads to customer satisfaction and loyalty, resulting in repeat business and positive word-of-mouth referrals.

• Positive reviews and feedback from satisfied customers can attract new customers and increase sales.

• Poor customer service can lead to negative reviews, loss of customers, and decreased profi...read more
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Q2. How you communcation customer
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I communicate with customers through active listening, clear and concise language, and empathy.
• I actively listen to customers to understand their needs and concerns.

• I use clear and concise language to ensure that customers understand the information I am providing.

• I approach customer interactions with empathy and understanding to build rapport and trust.

• I am responsive to customer inquiries and follow up promptly to en...read more
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Q3. Customer service is to give customer sucsfaction service to profit plan
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Q4. Begin to give pice communication understanding customer interest &give good services.
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Q1. 1. Introduce your Self 2. Golden Rules of Accounts (3 Golden Rules)
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I am a Senior Accountant with expertise in financial reporting and analysis.
• The three golden rules of accounts are: a) Debit the receiver, credit the giver b) Debit what comes in, credit what goes out c) Debit all expenses and losses, credit all incomes and gains

• These rules are the foundation of double-entry bookkeeping and ensure accuracy in financial transactions.

• For example, if a company purchases inventory on credi...read more
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Q1. 1. Introduce yourself 2. Tell me about the process of your previous organization? 3. Do you have any Excel knowledge?
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I am a Senior Accountant with experience in managing financial processes and proficient in Excel.
• Managed financial processes including budgeting, forecasting, and reporting

• Ensured compliance with accounting standards and regulations

• Collaborated with cross-functional teams to streamline processes and improve efficiency

• Proficient in Excel for data analysis and reporting

• Developed and implemented internal controls to mitig
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Q1. 1)Diference between depreciation and amortization.3) what are derivatives.
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Depreciation is the decrease in value of tangible assets over time, while amortization is the decrease in value of intangible assets over time. Derivatives are financial instruments that derive their value from an underlying asset.
• Depreciation applies to tangible assets like buildings, machinery, and vehicles, while amortization applies to intangible assets like patents, copyrights, and trademarks.

• Depreciation and amor...read more
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Q2. 2) why are prepaid expenses written in th assets side
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Prepaid expenses are written in the assets side because they represent future economic benefits.
• Prepaid expenses are expenses that have been paid in advance but have not yet been incurred.

• They represent future economic benefits that the company will receive.

• As per the accounting equation, assets = liabilities + equity, prepaid expenses are recorded as assets.

• They are gradually expensed over time as they are incurred.
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