HSBC Electronic Data Processing Fund Administrator Interview Questions and Answers

Q1. What is bad bebt
Ans. 
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
• Bad debt is a financial loss for the company.

• It is usually the result of customers who are unable or unwilling to pay their debts.

• Companies often have to write off bad debts as uncollectible.

• Bad debt can negatively impact a company's financial statements and cash flow.

• Examples include unpaid invoices, defaulted loans, and overdue payme
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Q2. What is accounts
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Accounts refer to financial records that track the financial activities of a business or individual.
• Accounts are used to record transactions such as income, expenses, assets, and liabilities.

• They help in analyzing the financial health of an entity and making informed decisions.

• Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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Q1. Prosess related
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Q2. Day today working
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My day-to-day working as an Assistant Accountant involves managing financial transactions, preparing reports, and assisting with budgeting.
• Processing invoices and payments

• Reconciling bank statements

• Assisting with budget preparation

• Preparing financial reports

• Communicating with vendors and clients

• Assisting with audits
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Q3. Current location
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I am currently located in New York City.
• Living in a vibrant urban environment

• Close proximity to public transportation

• Access to diverse cultural experiences
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Q4. Experience of accounts
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I have 3 years of experience in accounts payable and receivable, bank reconciliations, and financial reporting.
• Managed accounts payable process, including vendor payments and reconciliations

• Handled accounts receivable, invoicing, and collections

• Prepared monthly financial reports and assisted with budgeting

• Experience with QuickBooks and Excel for financial analysis

• Assisted in year-end audit preparations
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Q5. I have negotiable salary
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Q1. About your self
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Q2. Your highest study
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Bachelor's degree in Accounting from XYZ University
• Graduated with honors

• Completed coursework in financial accounting, managerial accounting, auditing, and taxation

• Participated in internship at a local accounting firm

• Completed a senior thesis on the impact of tax reform on small businesses
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Q3. Why you working in tcs company
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TCS company in my lively company and this company is top company I work to top company in my life
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Q4. Experience and how many company experience in how year
Ans. 
3 company in 2 year experience in auto mobile company
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Q5. Family back ground asked
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Father is farmer and mother house wife
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Q1. What do know about fixed income securities
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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
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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
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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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The question will be your answer to mine

Q1. Self Introduction interview
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Q2. Education and Work Experience Questions
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Financial system services

Q1. What are the journal entries
Ans. 
Journal entries are accounting entries made to record financial transactions in a company's general ledger.
• Journal entries consist of a debit entry and a credit entry for each transaction.

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

• The total debits must equal the total credits for each journal entry.

• Example: Debit Cash $500, Credit Sales $500.
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Q2. What is the petty cashier
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Petty cashier is a designated employee responsible for handling small cash transactions in an organization.
• Responsible for managing small cash transactions

• Maintains a petty cash fund for minor expenses

• Reconciles petty cash account regularly

• Issues receipts for petty cash disbursements
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Q3. What about the financial services
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Q4. What are the investment management
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Investment management involves managing financial assets and investments on behalf of clients to achieve their financial goals.
• Investment management involves creating and implementing investment strategies for clients.

• It includes analyzing financial markets, researching investment opportunities, and monitoring portfolio performance.

• Investment managers may recommend buying or selling assets based on market conditions an...read more
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Q5. What is bank reconciliation statement
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q6. How do the profit and loss account
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The profit and loss account shows the financial performance of a company over a specific period of time.
• It summarizes the revenues, costs, and expenses incurred by the company.

• The difference between the total revenue and total expenses is the net profit or loss.

• It helps in evaluating the financial health and performance of the company.

• Example: If a company's revenue is $100,000 and expenses are $80,000, the net profit ...read more
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Q1. Long term goals
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Q2. What do you envision for yourself in five years?
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In five years, I envision myself as a senior financial analyst leading a team and contributing to strategic decision-making for the company.
• Advancing to a senior financial analyst role

• Leading a team of analysts

• Contributing to strategic decision-making for the company
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Q1. Tell me about self
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Q2. What are u something
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Q1. Tell me about self
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Q2. What are u something
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