Hindustan Unilever Finance Intern Interview Questions and Answers

My topic was Moonlighting

Q1. What is golden rule
Ans. 
The golden rule is a moral principle that encourages people to treat others as they would like to be treated themselves.
• The golden rule is also known as the ethic of reciprocity.

• It is found in many religions and cultures around the world.

• Examples include 'Do unto others as you would have them do unto you' in Christianity and 'What you do not wish for yourself, do not do to others' in Islam.
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Q2. Basic questions about finance.
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Q3. What is depreciation
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, age, and obsolescence of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Depreciation is important for accurately reflecting the true value of assets...read more
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Q4. What is Debit, credit
Ans. 
Debit and credit are accounting terms used to record financial transactions in a company's general ledger.
• Debit is an entry that increases assets or expenses and decreases liabilities or equity.

• Credit is an entry that decreases assets or expenses and increases liabilities or equity.

• Debits are recorded on the left side of an account, while credits are recorded on the right side.

• For example, when a company receives cash,...read more
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Q5. What is repo rate
Ans. 
Repo rate is the rate at which the central bank lends money to commercial banks for a short period of time.
• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means higher borrowing costs for banks, leading to lower liquidity in the market.

• Conversely, a lower repo rate encourages banks to borrow more, increasing liquidity in the market.

• For example, if the central bank...read more
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Q1. Tell me about yourself
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Q1. About work experience in general
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Technicalities about overall finance and accounting

Q1. Practical question which requires subject knowledge in depth
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Q1. Job experience related?
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Q2. Scenario based questions
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Q1. Tell me about yourself?
Ans. 
Experienced finance professional with a strong background in financial analysis and strategic planning.
• Over 8 years of experience in finance roles

• Skilled in financial analysis, budgeting, and forecasting

• Proven track record of improving financial processes and driving profitability

• Strong communication and leadership skills

• MBA in Finance from XYZ University
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Q1. Basic knowledge relates to finance
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Q1. Few gst related and audit related case studies
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Q1. What is capital budgeting?
Ans. 
Capital budgeting is the process of planning and evaluating long-term investment decisions.
• It involves analyzing potential investments and deciding which ones to pursue

• Factors such as cash flow, risk, and return are considered

• Techniques used include net present value, internal rate of return, and payback period

• Examples include building a new factory, investing in research and development, or acquiring another company
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Q2. What is a cut-off procedure?
Ans. 
Cut-off procedure is a process of determining the point at which a transaction or event is no longer included in the current period's financial statements.
• It is used to ensure that financial statements accurately reflect the financial position of a company at the end of a reporting period.

• It involves reviewing transactions and events that occurred after the end of the reporting period to determine if they should be inc...read more
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Q1. What is more important, Revenue or Profits?
Ans. 
Both revenue and profits are important, but profits are more crucial for long-term sustainability and growth.
• Revenue is the total amount of money earned by a company from its sales, while profits are the amount of money left over after deducting all expenses.

• While revenue is important for a company's short-term success, profits are crucial for its long-term sustainability and growth.

• A company with high revenue but low ...read more
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Q1. Work experience
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Q2. Excel Proficiency
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Q1. Conceptual questions
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Q2. Questions on mobility
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