I Serve Systems Financial Analyst Interview Questions and Answers

A.I is good or Bad For Now a days situation?

Quantities techniques , Aptitudes, English grammar.

Q1. What is Asset and liability?
Ans. 
Assets are resources owned by a company that have economic value, while liabilities are obligations or debts that a company owes.
• Assets can include cash, inventory, equipment, and investments.

• Liabilities can include loans, accounts payable, and bonds.

• Assets are typically listed on the left side of a balance sheet, while liabilities are listed on the right side.

• The difference between assets and liabilities is known as e...read more
Answered by AI
Add your answer
Q2. What is Prepaid expenses and where we see in the financial statement?
Ans. 
Prepaid expenses are expenses that have been paid for in advance but have not yet been incurred.
• Prepaid expenses are assets on the balance sheet

• They are expenses that have been paid for in advance but have not yet been incurred

• They are gradually expensed over time as they are incurred

• Examples include prepaid rent, insurance premiums, and prepaid subscriptions
Answered by AI
Add your answer
Q3. Balance sheet Format
Add your answer

Q1. Management fee how is calculated
Ans. 
Management fee is typically calculated as a percentage of assets under management.
• Management fee is usually calculated as a percentage of the total assets under management.

• The percentage can vary depending on the investment firm and the type of assets being managed.

• For example, a management fee of 1% means that the investor pays 1% of their total assets as a fee each year.

• Management fees are typically charged annually ...read more
Answered by AI
Add your answer
Q2. Private equity and real estate funds
Add your answer

Basic math was easy, also English was easy

AI needs to submit a decision sheet

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
Answered by AI
Add your answer
Q2. Depreciation, how to compute depreciation while undergoing FA
Ans. 
Depreciation is calculated by dividing the cost of an asset by its useful life, taking into account salvage value and depreciation method.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

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

• To calculate straight-line depreciation, subtract the salvage value from th...read more
Answered by AI
Add your answer
Q3. Excel questions
Add your answer
Q4. Treatment of Bad debt
Ans. 
Bad debt is an uncollectible amount owed by a debtor, typically resulting from credit sales.
• Bad debt is recorded as an expense on the income statement.

• It is important for financial analysts to accurately estimate and account for bad debt.

• Common methods for estimating bad debt include the percentage of credit sales method and the aging of accounts receivable method.

• Examples of bad debt include customers who declare bank
Answered by AI
Add your answer
Q5. Xlookup, vlookup
Add your answer

Cognitive thinking analytical behavioural logical thinking and creativity and calculation

Q1. What is ifrs standard 15
Ans. 
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
• IFRS 15 provides a single, comprehensive framework for revenue recognition

• It specifies the criteria for recognizing revenue at an amount that reflects the consideration to which an entity expects to be entitled

• The standard also requires entities to disclose sufficient information to enable users to u...read more
Answered by AI
Add your answer
Q2. Do you know about us gaap to ifrs reconciliation
Ans. 
US GAAP to IFRS reconciliation involves aligning financial statements prepared under US GAAP with those prepared under IFRS.
• US GAAP and IFRS have different accounting standards and principles

• Reconciliation involves adjusting financial statements to ensure they comply with IFRS standards

• Differences in revenue recognition, lease accounting, and financial instruments are common areas requiring reconciliation
Answered by AI
Add your answer

Q1. Why are you interested in Microsoft
Add your answer
Q2. Tell me about yourself
Add your answer

Q1. What is your favorite Microsoft product
Add your answer
Q2. Why does Microsoft still use bing even though it’s not the best product
Ans. 
Microsoft still uses Bing due to its integration with other products, potential for growth, and competition with Google.
• Integration with other Microsoft products like Windows and Office

• Potential for growth in areas like AI and voice search

• Competition with Google to maintain market share
Answered by AI
Add your answer

By giving a options to the relevant questions and give a much time to answer

Q1. Tell me about the company Tell me what you have learnt in the academic
Add your answer

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
Add your answer

Q1. Salary discussion They offer 40% hike
Add your answer