IDBI Intech Limited Finacle Developer Interview Questions and Answers

Q1. Related to TDS due date
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Q2. Related to GST return and due date
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Q3. Related to costing
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Q4. What is marginal costing?
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Marginal costing is a costing technique where only variable costs are considered in determining the cost of a product or service.
• Marginal costing helps in determining the contribution margin of a product, which is the difference between its selling price and variable costs.

• Fixed costs are not included in the calculation under marginal costing.

• It is useful for decision-making as it helps in analyzing the impact of chang...read more
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Q1. Ind AS 115, 2, 116
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Q2. Latest gst and incometax amendments
Ans. 
The latest GST and income tax amendments are important for finance managers to stay updated on regulatory changes.
• GST amendments include changes in tax rates, input tax credit rules, and compliance requirements.

• Income tax amendments may involve changes in tax slabs, deductions, and reporting requirements.

• For example, recent GST amendments introduced a new e-invoicing system for businesses with turnover above a certain ...read more
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Q1. They asked the basic questions like difference between budgeting and forecasting.
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Q2. How you do forecasting. Which excel functions do you use
Ans. 
I use various excel functions for forecasting such as TREND, FORECAST, and GROWTH.
• I analyze historical data to identify trends and patterns

• I use functions like TREND to project future values based on historical data

• I use functions like FORECAST to estimate future values based on existing data

• I use functions like GROWTH to project future values based on exponential growth

• I also use other statistical functions like AVERA...read more
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Mathematics and statistics

C,c++

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Company related problems

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Q1. Any thing for yor choices
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Q1. Why did you decide to apply for this position?
Ans. 
I applied for this position because of my passion for finance and my desire to contribute to the success of the company.
• Passion for finance: I have always been interested in finance and have pursued education and experience in this field.

• Desire to contribute: I believe that my skills and expertise can make a positive impact on the company's financial performance.

• Alignment with company goals: I am impressed by the compa...read more
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Q1. Where do you see yourself in 5 years?
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In 5 years, I see myself as a Finance Executive leading a team and driving financial growth for the organization.
• Leading a team of finance professionals

• Driving financial growth and profitability

• Implementing strategic financial initiatives

• Building strong relationships with stakeholders

• Continuing professional development and staying updated with industry trends
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Q2. Tell me about yourself.
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I am an experienced finance executive with a strong background in financial management and strategic planning.
• Over 10 years of experience in finance and accounting

• Expertise in financial analysis and reporting

• Proven track record in budgeting and forecasting

• Strong leadership and team management skills

• Implemented cost-saving initiatives resulting in significant financial gains

• Managed successful mergers and acquisitions

• Dev...read more
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Q3. What are you expected salary?
Ans. 
I would expect a salary that is competitive for the Finance Executive role based on my experience and qualifications.
• Research the average salary range for Finance Executives in your industry and location.

• Consider your years of experience, level of education, and any specialized skills or certifications.

• Factor in the company's size, industry, and financial health when determining your expected salary.

• Be prepared to nego...read more
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Q1. What are you looking for from a new position?
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I am looking for a new position that offers growth opportunities, a challenging work environment, and a supportive team.
• Growth opportunities

• Challenging work environment

• Supportive team
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Q1. Private equity and related information
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Q2. Some questions on business and finance General like profit ratio and you maybe asked in your views on the market if you express your interest in the market
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