GOOD Senior Executive Finance & Accounts Interview Questions and Answers

Q1. About your profile
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Q2. Achievements in previous company
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Implemented cost-saving measures resulting in 20% reduction in department expenses.
• Implemented new budgeting system to track expenses more efficiently

• Negotiated better vendor contracts to lower costs

• Streamlined processes to eliminate waste and improve productivity
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Final account, ledger posting, journal entries, trial balance, management accounting.

Q1. 1.What do you know about finance management?
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Finance management involves the planning, organizing, directing, and controlling of financial activities within an organization.
• It includes budgeting, financial analysis, forecasting, and financial reporting.

• Finance management aims to maximize the value of the organization by making informed financial decisions.

• It involves managing cash flow, investments, and risk.

• Financial analysts play a crucial role in finance manag...read more
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Q2. 2. What is accounts management?
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Accounts management refers to the process of managing financial transactions and records of an organization.
• It involves maintaining accurate and up-to-date financial records

• It includes tasks such as bookkeeping, budgeting, and financial reporting

• Effective accounts management helps organizations make informed financial decisions

• Examples include managing accounts payable and receivable, reconciling bank statements, and p
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Q1. Questions regarding acounting entries, Sale of fixed asset etc
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Q1. Same questions and salary negotiation
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Q1. They asked about my work experience. Specific questions regarding what they wanted to me to work. Like entry related to Fixed Assets purchase, sale , capital gain etc.
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Q1. Salary Negotiation and about their company.
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Q1. Questions related to Accounting entries
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Q2. Accounting entry on Sale of Asset
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The accounting entry on the sale of an asset involves recording the proceeds from the sale and removing the asset from the balance sheet.
• Debit the Cash or Accounts Receivable account for the amount received from the sale

• Credit the Asset account for the original cost of the asset

• Credit the Accumulated Depreciation account for the accumulated depreciation on the asset

• Any gain or loss on the sale should be recorded separa...read more
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Q1. Discussion on CTC and joining date
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English Questions and computer basics

Q1. Manager Round - Basics of Insurance
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Q1. Salary Related questions
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