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ITC Infotech Finance Manager Interview Questions and Answers

Updated 11 Jul 2024

ITC Infotech Finance Manager Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before Jul 2023. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Ind AS 115, 2, 116
  • 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 ...

  • Answered by AI

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Jun 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Easy grammar questions and financial basics

Round 2 - Technical 

(2 Questions)

  • Q1. Understanding the root cause of lower profitability
  • Ans. 

    Lower profitability can be caused by various factors such as declining sales, increased expenses, inefficient operations, or external market conditions.

    • Declining sales due to changing consumer preferences or increased competition

    • Increased expenses from rising costs of raw materials or labor

    • Inefficient operations leading to higher production costs or wastage

    • External market conditions like economic downturn or regulatory

  • Answered by AI
  • Q2. Best forecasting practices
  • Ans. 

    Utilize historical data, consider external factors, use multiple forecasting methods, and regularly review and adjust forecasts.

    • Utilize historical data to identify trends and patterns

    • Consider external factors such as economic indicators, industry trends, and market conditions

    • Use multiple forecasting methods like time series analysis, regression analysis, and scenario analysis

    • Regularly review and adjust forecasts based ...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Job Portal and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - Aptitude Test 

Basic apti - 1 hour............

Interview Preparation Tips

Interview preparation tips for other job seekers - The interview is generally very casual, prepare your CV well, do go through basic concepts if you're aiming for finance related roles. Do brush up concepts of basic accounting etc. Good environment, compensation is a bit low, good work life balance. You'll get plenty of opportunities to learn.
Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Not Selected

I applied via Approached by Company and was interviewed in Apr 2023. There were 2 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 - Technical 

(7 Questions)

  • Q1. Interviewer asked many questions gave all the answers maybe for the start intro the line wasn't audible much....but answer all the questions still the interviewer wasn't satisfied.maybe the best excuse is ...
  • Q2. All financial market questions and accounting questions
  • Q3. Capital market types
  • Ans. 

    Capital market types refer to the different categories of financial markets where securities are bought and sold.

    • Primary market - where new securities are issued for the first time, such as IPOs

    • Secondary market - where existing securities are bought and sold among investors, such as stock exchanges

    • Money market - deals with short-term debt securities, such as Treasury bills

    • Bond market - where long-term debt securities a...

  • Answered by AI
  • Q4. Why are you looking for a job
  • Q5. Behavioral questions
  • Q6. Previous experience
  • Q7. Salary expectation

Interview Preparation Tips

Interview preparation tips for other job seekers - Maybe your concepts are clear..but I guess interviewer will give reason they aren't
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed before Feb 2024.

Round 1 - HR 

(1 Question)

  • Q1. Tell me about yourself.
Round 2 - One-on-one 

(2 Questions)

  • Q1. About the previous work experience
  • Q2. How to we handle the client escalation

I applied via Recruitment Consultant and was interviewed in Mar 2021. There were 4 interview rounds.

Interview Questionnaire 

6 Questions

  • Q1. What is capital markets its types and money Market
  • Ans. 

    Capital markets are platforms where companies and governments can raise funds through the sale of securities. Money markets are for short-term borrowing and lending.

    • Capital markets are divided into primary and secondary markets

    • Primary markets are where new securities are issued for the first time

    • Secondary markets are where existing securities are traded among investors

    • Examples of capital markets include stock exchanges...

  • Answered by AI
  • Q2. What is derivative it's types
  • Q3. What is Reconciliation and BRS
  • Ans. 

    Reconciliation is the process of comparing two sets of records to ensure they are in agreement. BRS stands for Bank Reconciliation Statement.

    • Reconciliation involves comparing financial records to identify discrepancies

    • BRS is a statement that compares a company's bank account balance to its financial records

    • Reconciliation and BRS are important for identifying errors and fraud in financial records

    • Examples of items that m...

  • Answered by AI
  • Q4. What is share types of shares & what is depreciation
  • Ans. 

    There are different types of shares, such as common shares and preferred shares. Depreciation is the decrease in value of an asset over time.

    • Common shares represent ownership in a company and give shareholders voting rights.

    • Preferred shares have a fixed dividend and priority over common shares in case of liquidation.

    • Depreciation is an accounting method used to allocate the cost of an asset over its useful life.

    • It refle...

  • Answered by AI
  • Q5. Otc market and what is investment banking
  • Ans. 

    OTC market refers to the trading of securities directly between parties, while investment banking involves providing financial services to corporations and governments.

    • OTC market stands for Over-the-Counter market, where securities are traded directly between parties without a centralized exchange.

    • Investment banking is a sector of the financial industry that provides various financial services such as underwriting, mer...

  • Answered by AI
  • Q6. What is bond, debenture
  • Ans. 

    A bond is a debt security where an investor loans money to an entity for a defined period at a fixed interest rate. A debenture is a type of bond that is not secured by collateral.

    • Bonds are issued by corporations, municipalities, and governments to raise capital.

    • Bonds have a fixed maturity date and pay interest at a fixed rate.

    • Debentures are unsecured bonds that rely on the creditworthiness of the issuer.

    • Debentures typ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview is very simple they look how you communicate with confidently. 1st round apptitude and other 3 interview rounds

I applied via Naukri.com and was interviewed in Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Self introduction, accounting entries, accounting concepts

Interview Preparation Tips

Interview preparation tips for other job seekers - Give brief introduction, have knowledge of accounting enteies and concepts
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Strengths , weakness
Round 3 - Technical 

(1 Question)

  • Q1. Revenue recognition principle
  • Ans. 

    Revenue recognition principle dictates when revenue should be recognized in financial statements.

    • Revenue should be recognized when it is earned, realized or realizable, and can be measured reliably.

    • It is important to match revenues with the expenses incurred to generate them.

    • Examples include recognizing revenue from the sale of goods when the risks and rewards of ownership have transferred to the buyer.

    • Another example ...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Telephonic Call 

(3 Questions)

  • Q1. Golden rules of accounting
  • Ans. 

    Golden rules of accounting are basic principles that guide the process of recording financial transactions.

    • There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

    • These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

    • For example, when a company receives cash f...

  • Answered by AI
  • Q2. TDS Rates that are applicable in VVDN
  • Ans. 

    TDS rates applicable in VVDN vary based on the type of payment and the recipient's status.

    • TDS rate for salary payments is different from TDS rate for contractor payments.

    • TDS rates for resident individuals are different from non-resident individuals.

    • TDS rates for domestic companies are different from foreign companies.

    • For example, TDS rate for salary payments to resident individuals may be 10%, while TDS rate for contra

  • Answered by AI
  • Q3. Basics of GST and SAP basics

Interview Questionnaire 

3 Questions

  • Q1. What you know about the company
  • Ans. 

    The company is a financial services firm that provides investment banking, asset management, and other financial services.

    • Founded in 1869

    • Headquartered in New York City

    • Has operations in over 60 countries

    • Offers services such as mergers and acquisitions, underwriting, and wealth management

    • Has a strong reputation in the industry

  • Answered by AI
  • Q2. Bank reconcilliation statement
  • Q3. Financial ratios

ITC Infotech Interview FAQs

How many rounds are there in ITC Infotech Finance Manager interview?
ITC Infotech interview process usually has 1 rounds. The most common rounds in the ITC Infotech interview process are Technical.
How to prepare for ITC Infotech Finance Manager interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at ITC Infotech . The most common topics and skills that interviewers at ITC Infotech expect are Finance, Auditing, Accounting, Compliance and Cost.
What are the top questions asked in ITC Infotech Finance Manager interview?

Some of the top questions asked at the ITC Infotech Finance Manager interview -

  1. Latest gst and incometax amendme...read more
  2. Ind AS 115, 2, ...read more

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ITC Infotech Finance Manager Interview Process

based on 1 interview

Interview experience

4
  
Good
View more
ITC Infotech Finance Manager Salary
based on 39 salaries
₹12 L/yr - ₹21 L/yr
6% less than the average Finance Manager Salary in India
View more details

ITC Infotech Finance Manager Reviews and Ratings

based on 4 reviews

3.4/5

Rating in categories

2.9

Skill development

2.6

Work-life balance

3.4

Salary

4.2

Job security

2.6

Company culture

2.5

Promotions

2.3

Work satisfaction

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