IQ-EQ Senior Accountant Interview Questions and Answers

There was one online exam

Q1. Type of derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be categorized into options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

• Forwar...read more
Answered by AI
Add your answer
Q2. What is NAV and its formula
Ans. 
NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.
• NAV is calculated by subtracting the total value of a fund's liabilities from the total value of its assets.

• The formula for NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund or ETF.
Answered by AI
Add your answer

Q1. Talk me through your CV
Add your answer
Q2. Why do you want to work here
Add your answer

Talent to show the platform

It’s about to speak about 1 min of my village

Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
Ans. 
I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.
• Golden rule of accounting: Debit the receiver, credit the giver

• Bank reconciliation statement: Matching ...read more
Answered by AI
Add your answer

Q1. What are your salary expectations?
View 2 more answers
Q2. Tell me about yourself.
Add your answer

Mostly asked about the basics of derivatives and corporate action adjustments in the books

Q1. What was the journal entry for prepaid rent which has paid at beginning of the month for the whole year and entry at the end of month ?? Which is entry affects the networth??
Ans. First entry being debit prepaid rent and credit to bank and second entry at the end of the month would be debit rent expense and credit to prepaid rent. Second entry would affect the networth
Answered Anonymously
View 4 more answers
Q2. Why RBI increase Repo rate to control inflation ?
Ans. 
RBI increases Repo rate to control inflation by reducing money supply and increasing cost of borrowing.
• Repo rate is the rate at which RBI lends money to commercial banks.

• When RBI increases Repo rate, it becomes expensive for banks to borrow money from RBI.

• Banks then increase their lending rates to customers, which reduces borrowing and spending.

• This reduces money supply in the economy, which helps in controlling inflat...read more
Answered by AI
View 1 more answer
Q3. What was difference between options and future?
Ans. 
Options give the right but not the obligation to buy or sell an asset at a predetermined price, while futures require the buyer or seller to fulfill the contract at a specific date and price.
• Options provide flexibility to the buyer as they can choose whether or not to exercise the option, while futures require the buyer or seller to fulfill the contract.

• Options have a premium that the buyer pays to the seller for the r...read more
Answered by AI
View 1 more answer
Q4. What impact do share price have on issue of dividend ? And what was the reason behind it?
Ans. 
The share price has an impact on the issue of dividends as it affects the dividend yield and the amount of cash paid out to shareholders.
• Share price affects the dividend yield, which is calculated by dividing the annual dividend per share by the share price.

• A higher share price reduces the dividend yield, making the stock less attractive to income-seeking investors.

• Share price also affects the amount of cash paid out a...read more
Answered by AI
View 1 more answer
Q5. What is the entry for share purchased today which will be credited into demat on T+2?
Ans. 
The entry for share purchased today credited into demat on T+2 is a debit to the cash account and a credit to the demat account.
• Debit cash account

• Credit demat account

• Occurs on T+2

• Reflects purchase of shares
Answered by AI
View 3 more answers
Q6. What is the technical term we use for the bond interest
Ans. 
The technical term for bond interest is coupon rate.
• Coupon rate is the fixed annual interest rate paid on a bond.

• It is expressed as a percentage of the bond's face value.

• For example, a bond with a face value of $1000 and a coupon rate of 5% will pay $50 in interest annually.

• Coupon payments are usually made semi-annually or quarterly.
Answered by AI
View 2 more answers

Q1. What was the developments that you would like to make in yourself
Add your answer
Q2. Describe yourself in three adjectives
Add your answer

Q1. Why should we hire you?
Add your answer
Q2. Why you chose Morgan Stanley?
Add your answer
Q3. Why you were interested in this role?
Add your answer
Q4. Why you chose this industry?
Add your answer
Q5. If you were offered more pay would you go to the competitior?
Add your answer