ICCS Business Analyst Interview Questions and Answers for Freshers

Q1. Normal Questions: * Total Experience * Previous Package * Current Expectations * Comfortable in US shifts
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Q1. Normal Accounting Questions
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Q2. Prepaid & Amortization Schedule & Journal Entries
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Q3. Accrual Concept, Reclass & Adjustment Journals. US Property Accounting
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Q4. Trading Account, Trial Balance, P&L Account, Balance Sheet, Cash Flow Statement, General Ledger. Financials Packet.
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Q1. Tell me about your previous job
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Q2. Why would you like a job in a changed domain
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Q1. Can you take me through your profile.
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Q2. What is your salary expectation
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Q1. How good you are with languages
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Q1. What will your strategies to increase the performance of your team mates.
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Q2. How do you deal with a bottom performer
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Q1. Basic questions like "Tell me something about yourself" and other questions related to your CV like about your experience in previous organisation, etc.
Ans. Always be authentic to these questions. Never lie. If there was a career break, then mention the actual reason and not something made up. If there was education gap, like me, do not lie, I confidently informed that I could not pursue my course. HR is only checking your communication skills and authenticity, nothing else. So be you.
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Q1. For Team Lead position, they will test your basic knowledge like Shrinkage, Attrition, their formulas, etc just to check whether you are aware of the KPIs and KRAs or not. Then they will check your handlin...read more
Ans. You have to be extremely confident while answering these questions because interviewer should not feel that you have recently read the answer. Always be elaborative in your answers in Ops round and try to back your answer with examples. Always be logical and accept if you don't know the answer instead of saying random things.
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Q1. About attritions and shrinkage self introduction?
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Q1. Why you need to become a team leader?
Ans. 
I have the necessary skills, experience, and passion to lead a team effectively towards achieving goals.
• I have strong communication and interpersonal skills to effectively communicate with team members and stakeholders.

• I have a proven track record of successfully managing projects and leading teams to success.

• I am passionate about mentoring and developing team members to reach their full potential.

• I have a clear vision...read more
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Q1. What is the gain from equity shares mean?
Ans. 
Gain from equity shares mean the profit earned by an investor through an increase in the value of their shares.
• Gain from equity shares is the difference between the selling price and the purchase price of the shares.

• It can also include dividends received by the investor.

• Investors can realize gains by selling their shares at a higher price than they bought them for.

• The gain can be calculated by subtracting the purchase
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Q2. Difference between equity share and debt holders
Ans. 
Equity share represents ownership in a company, while debt holders are lenders who provide funds to the company.
• Equity share represents ownership in a company, giving shareholders voting rights and a share in profits.

• Debt holders are lenders who provide funds to the company in exchange for regular interest payments and eventual repayment of the principal amount.

• Equity shareholders bear the risk of the company's perform...read more
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Q1. What is Trade life cycle
Ans. 
Trade life cycle refers to the stages involved in the execution and settlement of a trade.
• Trade initiation: The trade is initiated by a buyer and a seller agreeing on the terms of the transaction.

• Order placement: The buyer or seller places an order with a broker or exchange.

• Order matching: The broker or exchange matches the buy and sell orders.

• Trade execution: The trade is executed at the agreed price and quantity.

• Trad...read more
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Q2. What is Accrual fees
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Accrual fees are expenses that are gradually incurred over time and recorded as liabilities until they are paid.
• Accrual fees are costs that are recognized and recorded in financial statements before they are actually paid.

• These fees are typically associated with services or benefits received over a period of time.

• They are recorded as liabilities on the balance sheet until they are settled.

• Examples of accrual fees inclu...read more
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Q3. Your strength and weakness?
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Q4. Salary discussion
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Logical reasoning, aptitude

Q1. Projects of last companies
Ans. 
I have worked on various projects in my previous companies, ranging from system implementations to process improvements.
• Led a team in implementing a new CRM system to improve customer relationship management

• Analyzed data to identify bottlenecks in the supply chain and proposed solutions for optimization

• Collaborated with cross-functional teams to streamline communication processes and increase efficiency
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Q2. Financial analysis
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Q3. MS Excel main fuctions
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