HSBC Group Assistant Manager Finance Interview Questions and Answers

Q1. What are the main financial statement
Ans. 
The main financial statements are the income statement, balance sheet, and cash flow statement.
• Income statement shows a company's revenues and expenses over a period of time.

• Balance sheet provides a snapshot of a company's financial position at a specific point in time.

• Cash flow statement details the cash inflows and outflows of a company during a period.

• These statements are essential for analyzing a company's financia
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Q2. How will you handle stressful situation
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I handle stressful situations by staying calm, prioritizing tasks, and seeking support when needed.
• Remain calm and composed under pressure

• Prioritize tasks based on urgency and importance

• Seek support from colleagues or supervisors if necessary
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Q1. What are common control transactions
Ans. 
Common control transactions are transactions between entities under common control, where one entity has control over the other.
• Common control transactions typically involve the transfer of assets, liabilities, or equity between entities under the same parent company.

• These transactions are not considered arm's length transactions as the entities involved are related.

• Examples of common control transactions include the t...read more
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Q2. What is risk assessment
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Risk assessment is the process of identifying, analyzing, and evaluating potential risks in order to make informed decisions.
• Identifying potential risks that could impact an organization's objectives

• Analyzing the likelihood and impact of each risk

• Evaluating the overall risk exposure and determining appropriate risk mitigation strategies

• Risk assessment helps in making informed decisions and prioritizing resources

• Example...read more
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Q1. How do you handle escalations?
Ans. 
I handle escalations by remaining calm, listening actively, identifying the root cause, proposing solutions, and following up to ensure resolution.
• Remain calm and composed when dealing with escalated situations

• Listen actively to understand the concerns and perspectives of all parties involved

• Identify the root cause of the escalation to address the underlying issue

• Propose solutions or alternatives to resolve the escalat...read more
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Q2. How important is this job to you?
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Good but a tricky one

Q1. Self introduction
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Q2. Education background
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Q1. Dice role and card probability questions
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The duration was 60 min and the topics were covered basic math, DILR and gk

I was told to review on 2007 financial scam and how it could have been avoided

Q1. Where you reside
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Q2. When will you join
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Topic about the financial analysis

Q1. What is the format for budgeting
Ans. 
Budgeting format involves creating a detailed plan for managing and allocating financial resources.
• Budgeting typically involves creating a spreadsheet or financial software program to track income, expenses, and savings goals.

• It is important to categorize expenses, set financial goals, and regularly review and adjust the budget as needed.

• Common budgeting formats include zero-based budgeting, incremental budgeting, and ...read more
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Q2. What is the formula for EBIT
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EBIT formula calculates a company's earnings before interest and taxes.
• EBIT = Revenue - Operating Expenses

• Operating expenses include costs like salaries, rent, utilities, and depreciation

• EBIT is a measure of a company's profitability before taking into account interest and taxes

• Example: If a company has $1,000,000 in revenue and $500,000 in operating expenses, EBIT would be $500,000
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