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IFB Head/VP/GM-Finance/Audit Interview Questions, Process, and Tips

Updated 16 Jul 2021

IFB Head/VP/GM-Finance/Audit Interview Experiences

1 interview found

Interview Questionnaire 

5 Questions

  • Q1. What is the recent merger and acquisition in India
  • Ans. 

    The recent merger and acquisition in India is the acquisition of Future Group by Reliance Industries.

    • Reliance Industries acquired Future Group's retail, wholesale, logistics, and warehousing businesses for $3.4 billion.

    • This acquisition will strengthen Reliance's position in the retail market and expand its presence across India.

    • The deal faced legal challenges from Amazon, which had a stake in one of Future Group's comp...

  • Answered by AI
  • Q2. What is the libor rate and trend
  • Ans. 

    LIBOR is the London Interbank Offered Rate, a benchmark interest rate used globally.

    • LIBOR is used as a reference rate for various financial instruments such as loans, mortgages, and derivatives

    • It is calculated daily by the Intercontinental Exchange (ICE) based on submissions from a panel of banks

    • The trend of LIBOR has been decreasing since the financial crisis in 2008, and is set to be phased out by the end of 2021

    • The ...

  • Answered by AI
  • Q3. Recent changes in GST
  • Ans. 

    Recent changes in GST

    • The GST Council has made several changes to the GST rates and rules in recent times

    • The GST rate on several items has been reduced, such as on electric vehicles, hotel tariffs, and movie tickets

    • The GST return filing process has been simplified with the introduction of new forms

    • The GST Council has also introduced measures to curb tax evasion and improve compliance

    • The recent changes aim to make GST mo

  • Answered by AI
  • Q4. Lease accounting as per IND AS
  • Ans. 

    Lease accounting under IND AS involves recognizing lease assets and liabilities on the balance sheet.

    • Lease accounting under IND AS follows the principles of IFRS 16.

    • Lease assets and liabilities are recognized on the balance sheet.

    • Lease payments are split into principal and interest components.

    • Lease expenses are recognized on the income statement.

    • Disclosure requirements include lease term, discount rate, and lease payme...

  • Answered by AI
  • Q5. Difference between IFRS and IND-AS
  • Ans. 

    IFRS and IND-AS are both accounting standards, but IND-AS is based on IFRS with some modifications for Indian companies.

    • IFRS is used in over 100 countries, while IND-AS is used only in India.

    • IFRS is more principles-based, while IND-AS is more rules-based.

    • IFRS allows for more judgment and estimates, while IND-AS is more prescriptive.

    • IFRS has a single standard for revenue recognition, while IND-AS has separate standards ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I would suggest candidates should aware about recent information about Finance like which renowned company is issued IPO , merger and acquisition, Recent amendment of Company Law, GST , Income Tax etc.

Interview questions from similar companies

I applied via Naukri.com and was interviewed in May 2019. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Questions were asked on Lean, six sigma, process capability, QC, kaizens etc.

Interview Preparation Tips

Interview preparation tips for other job seekers - Listen carefully and than give answers. Answers should be crisp and to the point.

Interview Questionnaire 

2 Questions

  • Q1. Basic HVAC knowledge like how Airconditioning works?
  • Q2. What exactly your profile in your current company?
  • Ans. 

    I am currently working as a Senior Sales Executive in my current company.

    • Responsible for managing a team of sales representatives

    • Developing and implementing sales strategies to achieve targets

    • Building and maintaining relationships with key clients

    • Analyzing market trends and competitor activities

    • Preparing sales reports and presenting them to senior management

  • Answered by AI

I appeared for an interview in Jan 2021.

Interview Questionnaire 

3 Questions

  • Q1. Past Experience
  • Q2. Handling market
  • Q3. Market durability

Interview Preparation Tips

Interview preparation tips for other job seekers - Just feel free to speak about your past job, automatically you'll be the one
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Technical questions related to your job

Interview Preparation Tips

Interview preparation tips for other job seekers - Average, high attrition rate, think before joining
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
More than 8 weeks
Result
Selected Selected

I appeared for an interview in Aug 2024.

Round 1 - One-on-one 

(3 Questions)

  • Q1. Overall Company roles and responsibilities
  • Ans. 

    The overall company roles and responsibilities involve defining job duties, setting expectations, and ensuring accountability.

    • Defining job duties for each position within the company

    • Setting clear expectations for employees

    • Ensuring accountability for tasks and projects

    • Providing necessary training and resources for employees to succeed

    • Evaluating performance and providing feedback

    • Promoting a positive work culture and team

  • Answered by AI
  • Q2. Sap process
  • Q3. Codes and manpower handling
Round 2 - One-on-one 

(2 Questions)

  • Q1. Inventory process
  • Q2. Kaizon and 5s

Interview Preparation Tips

Interview preparation tips for other job seekers - Overall need to explain and neat
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Coding Test 

Some coding test related to coding languages

Round 3 - Case Study 

Some case study like giving percentage of user and then find out how much people will like it

Interview Preparation Tips

Interview preparation tips for other job seekers - Be humble and say truth dont worry alot! Prepare for interview
Interview experience
2
Poor
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Mar 2023. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(3 Questions)

  • Q1. Tell me about your self
  • Q2. Why you want to change
  • Q3. Why you not trying for the growth in same company
Round 3 - Case Study 

Sale service standard people cost

Round 4 - Group Discussion 

How you will increase sale

Interview Preparation Tips

Interview preparation tips for other job seekers - Please don’t join The hab by Usha and the rest company is very good.
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(4 Questions)

  • Q1. About yourself, about your current profile
  • Q2. Tell me about your current role.
  • Ans. 

    I am currently working as a Team Lead in a retail store, responsible for managing daily operations and supervising staff.

    • Responsible for overseeing the store's inventory management and ensuring stock levels are maintained

    • Supervising and training a team of sales associates to provide excellent customer service

    • Creating and implementing sales strategies to achieve targets and increase revenue

    • Handling customer complaints a...

  • Answered by AI
  • Q3. Tell me about your 2nd last company job profile
  • Ans. 

    I worked as a Sales Executive at XYZ Company.

    • Managed a portfolio of clients and achieved sales targets

    • Developed and implemented sales strategies to increase revenue

    • Provided excellent customer service and resolved any issues or complaints

    • Collaborated with cross-functional teams to ensure smooth operations

    • Analyzed market trends and competitor activities to identify opportunities

    • Conducted product demonstrations and presen

  • Answered by AI
  • Q4. Tell me about your knowledge related to taxation
  • Ans. 

    I have a good understanding of tax laws and regulations.

    • I have completed courses in taxation and keep up-to-date with changes in tax laws.

    • I am familiar with different types of taxes such as income tax, sales tax, and property tax.

    • I have experience preparing and filing tax returns for individuals and businesses.

    • I am knowledgeable about tax deductions and credits that can benefit taxpayers.

    • I am able to provide guidance t...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Consistency and regular fallowing naukri web site.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I appeared for an interview in Dec 2024.

Round 1 - Coding Test 

VBA coding, advance excel

Round 2 - One-on-one 

(2 Questions)

  • Q1. What your are handling ?
  • Ans. 

    I am currently handling a team of sales associates and overseeing daily operations at a retail store.

    • Managing a team of sales associates

    • Overseeing daily operations at a retail store

    • Setting sales targets and monitoring performance

    • Training new employees

    • Resolving customer complaints and issues

  • Answered by AI
  • Q2. Whome report you?
Round 3 - HR 

(2 Questions)

  • Q1. Brief your current role and your self?
  • Ans. 

    I am currently working as a Senior Sales Associate at XYZ Company, responsible for managing a team of 10 sales representatives and achieving monthly sales targets.

    • Lead a team of 10 sales representatives

    • Responsible for achieving monthly sales targets

    • Provide training and support to team members

    • Analyze sales data to identify trends and opportunities

  • Answered by AI
  • Q2. What is you expecting?
  • Ans. 

    I am expecting a challenging role with opportunities for growth and development.

    • Opportunities for advancement within the company

    • Challenging tasks that allow me to utilize my skills and knowledge

    • Supportive team environment

    • Clear communication from management regarding expectations and goals

  • Answered by AI
Round 4 - Group Discussion 

About current role, how to managed, what is ditribution, what kind of POSM ? How many product do you have? Are you looking sales or communicate with sales team?

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare and analysis about your current role

IFB Interview FAQs

What are the top questions asked in IFB Head/VP/GM-Finance/Audit interview?

Some of the top questions asked at the IFB Head/VP/GM-Finance/Audit interview -

  1. What is the recent merger and acquisition in In...read more
  2. What is the libor rate and tr...read more
  3. Difference between IFRS and IND...read more

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