Grant Thornton GST Consultant Interview Questions and Answers

Q1. Provide SOP for Account Payables.
Ans. 
SOP for Account Payables involves verifying invoices, obtaining approvals, processing payments, and reconciling accounts.
• Verify invoices against purchase orders and receipts

• Obtain necessary approvals for payment

• Process payments accurately and timely

• Reconcile accounts to ensure accuracy

• Maintain proper documentation for audit purposes
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Q2. What is turnover discount?
Ans. 
Turnover discount is a reduction in price offered to customers who purchase a large quantity of goods or services.
• Turnover discount is commonly used in retail and wholesale industries to incentivize bulk purchases.

• The discount amount typically increases with the quantity purchased.

• For example, a supplier may offer a 10% turnover discount for customers who buy 100 units of a product.

• Turnover discount helps businesses in...read more
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Q1. What is the capital market?
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Q1. What do know about fixed income securities
Ans. 
Fixed income securities are investments that pay a fixed interest or dividend income, such as bonds and certificates of deposit.
• Fixed income securities are debt instruments issued by governments, corporations, or other entities to raise capital.

• Investors receive regular interest payments until the maturity date, when the principal amount is repaid.

• Examples include Treasury bonds, corporate bonds, municipal bonds, and p...read more
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Q2. What is clean price and Dirty price
Ans. 
Clean price is the price of a bond excluding accrued interest, while dirty price includes accrued interest.
• Clean price is the price of a bond without the accrued interest, while dirty price includes the accrued interest.

• Clean price is also known as flat price, while dirty price is also known as full price.

• Clean price is used to calculate the yield of a bond, while dirty price is the actual price paid by the buyer.
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Q1. What do know about bonds matching process
Ans. 
Bonds matching process involves pairing bond issuers with investors based on their preferences and requirements.
• Bonds matching process helps bond issuers find suitable investors for their bonds

• Investors specify their preferences such as bond type, duration, yield, etc.

• The matching process uses algorithms to match bond issuers with investors based on their criteria

• This process helps streamline the bond issuance and inve
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Q2. Why do we hire you
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Excelant good to get such type intriv

Q1. Good and findly talk
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Q1. About company and work details which
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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. What is cash flow statement, budgeting, forecasting Examples of cash flow statements
Ans. 
Cash flow statement shows the inflow and outflow of cash, budgeting is planning for future expenses, forecasting is predicting financial outcomes.
• Cash flow statement shows the sources and uses of cash in a business

• Budgeting involves setting financial goals and creating a plan to achieve them

• Forecasting involves predicting future financial outcomes based on historical data

• Examples of cash flow statements include operati...read more
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Q1. Salary expectations
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Domain based test was conducted

Q1. Domain based test were conducted
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Q2. Domain based questions were asked
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Q1. Past experiences mentioned in you cv
Ans. 
I have experience in financial analysis and reporting, budgeting, and forecasting.
• Performed financial analysis and prepared reports for management

• Developed and monitored budgets for various departments

• Conducted financial forecasting and identified potential risks and opportunities

• Analyzed financial statements and identified areas for improvement

• Collaborated with cross-functional teams to gather financial data and insig...read more
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Excel vba aptitude

Q1. Finance related questions
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Q1. Finance related company related
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Q1. Budgeting forecasting
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Q2. Situation based questions
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Q1. What are your salary expectations?
Ans. 
I expect a competitive salary that reflects my skills, experience, and the responsibilities of the role.
• I have researched the average salary range for Financial Analysts in this industry and location.

• I am open to discussing salary based on the specific requirements and benefits of the position.

• I value fair compensation that aligns with my qualifications and contributions.

• I am confident that we can reach a mutually bene
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Q2. Why should we hire you?
Ans. 
I am a highly skilled financial analyst with a proven track record of delivering accurate and insightful analysis to drive business growth.
• I have a strong background in financial analysis, including experience in budgeting, forecasting, and financial modeling.

• I am proficient in using financial software and tools, such as Excel and Bloomberg, to analyze and interpret financial data.

• I have a keen eye for detail and can i...read more
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Q3. Why are you looking for a change?
Ans. 
Looking for a change to broaden my skill set and gain new experiences.
• Seeking new challenges and opportunities for growth

• Interested in expanding my knowledge in different industries

• Want to work in a larger organization with more resources

• Desire to work with a diverse team and learn from different perspectives
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Q4. Where do you see yourself in 5 years?
Ans. 
In 5 years, I see myself as a senior financial analyst, leading a team and contributing to the strategic decision-making process of the company.
• I envision myself taking on more responsibilities and becoming a subject matter expert in financial analysis.

• I aim to develop strong leadership skills and mentor junior analysts.

• I plan to actively contribute to the company's growth by providing valuable insights and recommendat...read more
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Q5. What are your strengths and weaknesses?
Ans. 
My strengths include strong analytical skills, attention to detail, and ability to work under pressure. My weaknesses include public speaking and time management.
• Strength: Strong analytical skills

• Strength: Attention to detail

• Strength: Ability to work under pressure

• Weakness: Public speaking

• Weakness: Time management
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Q6. Tell me about yourself.
Ans. 
I am a financial analyst with expertise in financial modeling, data analysis, and risk assessment.
• I have a Bachelor's degree in Finance and have completed several certifications in financial analysis.

• I have experience working with large datasets and using statistical software to analyze financial data.

• I have successfully developed financial models to forecast revenue and expenses, helping companies make informed decisi...read more
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