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Hernandez & Co. Consulting Senior Tax Analyst Interview Questions and Answers
Hernandez & Co. Consulting Senior Tax Analyst Interview Experiences
1 interview found
Interview Questionnaire
2 Questions
- Q1. About experience in previous firm, detail about forms
- Q2. Eg, what is form 568, guaranteed payment
- Ans.
Form 568 is a tax form used by LLCs in California to report income, deductions, and credits.
Form 568 is specific to LLCs in California
It is used to report income, deductions, and credits
Guaranteed payments are payments made to LLC members for services rendered
These payments are reported on Form 568
Form 568 is due on the 15th day of the 4th month after the close of the taxable year
Interview Preparation Tips
Interview questions from similar companies
Senior Financial Analyst Interview Questions & Answers
Automatic Data Processing (ADP)
Anonymous
posted on 1 Sep 2024
Selected
I applied via Naukri.com and was interviewed in Aug 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Basic question about my work profile and jd description.
- Q2. Expected salary and interview scheduled
(4 Questions)
- Q1. Difference between sumif and coutif
- Ans.
SUMIF is used to sum values based on a single criteria, while COUNTIF is used to count values based on a single criteria.
SUMIF is used to sum values in a range that meet a certain criteria.
COUNTIF is used to count the number of cells in a range that meet a certain criteria.
Example: =SUMIF(A1:A10, ">10") will sum all values in the range A1:A10 that are greater than 10.
Example: =COUNTIF(B1:B10, "=Red") will count the num...
- Q2. Difference between forecast and budget
- Ans.
Forecast is a prediction of future financial outcomes, while budget is a plan for managing financial resources.
Forecast is an estimate of future financial performance based on current trends and data.
Budget is a detailed financial plan for a specific period, outlining expected revenues and expenses.
Forecasting helps in setting realistic financial goals, while budgeting helps in allocating resources efficiently.
Forecast...
- Q3. Variance analysis reason and trend analysis
- Q4. How will you do forecasting based on previous years data
- Ans.
I will use statistical methods and trend analysis to forecast future financial performance based on previous years data.
Utilize historical financial data to identify trends and patterns
Apply statistical techniques such as regression analysis and time series analysis
Consider external factors that may impact future performance, such as market conditions or industry trends
Use forecasting models like moving averages or exp
(2 Questions)
- Q1. 5 types of employees cost
- Ans.
Types of employees cost include salary, benefits, training, turnover, and productivity losses.
Salary: the amount paid to employees for their work
Benefits: additional perks provided to employees such as healthcare, retirement plans, and paid time off
Training: costs associated with training new employees or providing ongoing professional development
Turnover: expenses related to hiring and onboarding new employees due to ...
- Q2. How to save cost for the company if given limited money
- Ans.
To save costs with limited money, focus on reducing unnecessary expenses, negotiating with vendors, optimizing processes, and increasing efficiency.
Identify and eliminate unnecessary expenses
Negotiate with vendors for better pricing or discounts
Optimize processes to reduce waste and improve productivity
Increase efficiency by streamlining operations and automating tasks
Skills evaluated in this interview
Madan Kumar
(2 Questions)
- 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...
- 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.
(2 Questions)
- 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
- Q2. Why do we hire you
Selected
I applied via Recruitment Consulltant and was interviewed in Jun 2024. There were 2 interview rounds.
Easy grammar questions and financial basics
(2 Questions)
- Q1. Understanding the root cause of lower profitability
- Ans.
Lower profitability can be caused by various factors such as declining sales, increased expenses, inefficient operations, or external market conditions.
Declining sales due to changing consumer preferences or increased competition
Increased expenses from rising costs of raw materials or labor
Inefficient operations leading to higher production costs or wastage
External market conditions like economic downturn or regulatory
- Q2. Best forecasting practices
- Ans.
Utilize historical data, consider external factors, use multiple forecasting methods, and regularly review and adjust forecasts.
Utilize historical data to identify trends and patterns
Consider external factors such as economic indicators, industry trends, and market conditions
Use multiple forecasting methods like time series analysis, regression analysis, and scenario analysis
Regularly review and adjust forecasts based ...
I applied via Naukri.com and was interviewed in Nov 2024. There were 2 interview rounds.
Its related to accounting concepts
(1 Question)
- Q1. Anything can related to accounts
Selected
I applied via Company Website and was interviewed in Feb 2024. There were 2 interview rounds.
(1 Question)
- Q1. Tell me about yourself
(2 Questions)
- Q1. What are types of derivatives
- Ans.
Types of derivatives include options, futures, forwards, and swaps.
Options: Contracts that give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.
Futures: Contracts that obligate the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.
Forwards: Similar to futures, but customized contracts traded over-th...
- Q2. What are types of insurance
- Ans.
Types of insurance include health, life, auto, home, and disability insurance.
Health insurance covers medical expenses
Life insurance provides financial protection to beneficiaries in case of death
Auto insurance covers damages and liabilities related to vehicles
Home insurance protects against damages to the home and belongings
Disability insurance provides income replacement in case of disability
I applied via Walk-in and was interviewed in Feb 2024. There were 2 interview rounds.
(1 Question)
- Q1. Role and responsibilities
(1 Question)
- Q1. Role and responsibilities
Interview Preparation Tips
Yash
Selected
I applied via Referral and was interviewed in Jan 2024. There were 3 interview rounds.
Excelant good to get such type intriv
(1 Question)
- Q1. Good and findly talk
(1 Question)
- Q1. About company and work details which
I applied via Company Website and was interviewed in Mar 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Q2. Why you want to work at BCG
Selected
I applied via Naukri.com and was interviewed in Apr 2023. There were 3 interview rounds.
(1 Question)
- Q1. Basically questions was only related to my previous experience. 1) They ask for how deep knowledge of my current project i have 2) Excel formulas and knowledge
(1 Question)
- Q1. Salary discussion They offer 40% hike
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