I Serve Systems Financial Analyst Interview Questions and Answers

AI in Managerial Sector

Q1. How Can we leverage AI to financial sector?
Ans. 
AI can be leveraged in the financial sector through automation, fraud detection, risk management, customer service, and investment analysis.
• Automation of repetitive tasks such as data entry and report generation

• Fraud detection through pattern recognition and anomaly detection

• Risk management by analyzing large datasets to identify potential risks and opportunities

• Improved customer service through chatbots and personaliz...read more
Answered by AI
Add your answer
Q2. What are the metrics we see for financial frauds?
Ans. 
Metrics for financial frauds include abnormal fluctuations in financial statements, high employee turnover, and frequent related party transactions.
• Abnormal fluctuations in financial statements (e.g. sudden increase in revenue or decrease in expenses)

• High employee turnover, especially in key financial positions

• Frequent related party transactions without proper disclosure or justification
Answered by AI
Add your answer

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. Tell me about yourself.
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

Q1. What is sql process
Ans. 
SQL process refers to the steps involved in executing a SQL query to retrieve or manipulate data from a database.
• SQL process starts with writing a SQL query to retrieve or manipulate data.

• The query is then sent to the database management system (DBMS) for processing.

• The DBMS parses the query, creates an execution plan, and retrieves the data from the database.

• The retrieved data is then returned to the user or applicati
Answered by AI
Add your answer
Q2. What is pl sql process
Ans. 
PL/SQL (Procedural Language/Structured Query Language) is a programming language used to create stored procedures, functions, and triggers in Oracle databases.
• PL/SQL is an extension of SQL that allows for procedural programming capabilities.

• It is used to create reusable code blocks that can be called within SQL statements.

• PL/SQL can be used to automate tasks, enforce business rules, and improve performance.

• Examples of ...read more
Answered by AI
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. Where you reside
Add your answer
Q2. When will you join
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