Honda Accounts & Finance Executive Interview Questions and Answers

Q1. About current role and level of understanding. Conceptual knowledge. Reason for change.
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Q1. General about the company. Reason for change.
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Q1. About current role. Conceptual knowledge. Company research. Reason for change.
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Q1. What are the things you know about taxation?
Ans. 
Taxation refers to the process of levying taxes on individuals and businesses by the government.
• Taxation is used by governments to generate revenue for public services and infrastructure.

• Different types of taxes include income tax, sales tax, property tax, and corporate tax.

• Tax laws and regulations vary by country and can be complex and constantly changing.

• Tax planning and compliance are important for individuals and b...read more
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Q2. What are the things you know about sez customs?
Ans. 
SEZ customs refer to the customs regulations and procedures applicable to Special Economic Zones.
• SEZ customs are designed to promote exports and attract foreign investment by providing tax incentives and streamlined customs procedures.

• SEZs are designated geographical areas within a country that are treated as foreign territory for the purposes of trade and commerce.

• SEZ customs may include exemptions from customs duties...read more
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Q1. Tell Me about yourself
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Q2. How do you recognise accruals and where are they placed in financial statements
Ans. 
Accruals are recognized when revenue is earned or expenses are incurred, but not yet received or paid, and are placed in financial statements to accurately reflect the company's financial position.
• Accruals are recognized based on the matching principle, where revenue is recorded when it is earned and expenses are recorded when they are incurred, regardless of when cash is exchanged.

• Accruals are typically found in the b...read more
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Q3. Tell me how you handle conflict
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Q4. Strengths and weaknesses
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It was ok ok not that hard

Topics were very good and easy

Q1. Questions related to economics and gk.
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Q1. What are your qualifications
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Q2. How much is your salary expectations
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Q1. Are your comfortable to talk with client's.?
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Q2. Do you have knowledge about ms excel..?
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Q3. What do you know about your process.?
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Regular aptitude related questions willl be asked to test aptitude levels.

Capital budgeting related case study will be provided

Q1. What is finance in accounting?
Ans. 
Finance in accounting refers to the management of money and financial resources within an organization.
• Finance in accounting involves analyzing financial data, creating financial reports, and making strategic financial decisions.

• It includes budgeting, forecasting, and managing cash flow to ensure the financial health of the organization.

• Finance managers use financial ratios and metrics to assess the financial performan...read more
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Q2. Why do you want finance?
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Q3. What is finance in simple words?
Ans. 
Finance is the management of money and investments.
• Finance involves managing money, investments, and other financial assets.

• It includes activities such as budgeting, saving, investing, and borrowing.

• Finance helps individuals and organizations make informed financial decisions.

• Examples of finance include budgeting for personal expenses, investing in stocks, and managing company finances.
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Q4. Explain a cash flow statement
Ans. 
A cash flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
• It provides information about a company's liquidity and solvency.

• It consists of three sections: operating activities, investing activities, and financing activities.

• Operating activities include cash flows from day-to-day business operations.

• Investing activities include cash flows f...read more
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Q5. Explain financial modelling
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Financial modelling is the process of creating a mathematical representation of a company's financial situation.
• Financial modelling involves creating projections and forecasts based on historical data and assumptions.

• It helps in making informed financial decisions, evaluating investment opportunities, and assessing risk.

• Common tools used in financial modelling include Excel, financial software, and programming language...read more
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