ITC Infotech Finance Manager Interview Questions and Answers

Easy grammar questions and financial basics

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
Add your answer
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 ...read more
Answered by AI
Add your answer

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

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 ...read more
Add your answer
Q2. All financial market questions and accounting questions
Add your answer
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...read more
Answered by AI
Add your answer
Q4. Why are you looking for a job
Add your answer
Q5. Behavioral questions
Add your answer
Q6. Previous experience
Add your answer
Q7. Salary expectation
Add your answer

Q1. Tell me about yourself.
Add your answer

Q1. About the previous work experience
Add your answer
Q2. How to we handle the client escalation
Add your answer

Q1. Can you provide a self-introduction?
Ans. 
Experienced financial analyst with a strong background in financial modeling and data analysis.
• Over 5 years of experience in financial analysis

• Proficient in financial modeling and forecasting

• Skilled in data analysis and interpretation

• Strong knowledge of accounting principles and financial regulations

• Excellent communication and presentation skills
Answered by AI
Add your answer
Q2. What is dervatives,investment banking,otc,capital markets,types of derivatives?
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset, investment banking involves providing financial services to corporations, OTC refers to over-the-counter trading, and capital markets are where securities are bought and sold.
• Derivatives are financial instruments whose value is based on an underlying asset, such as stocks, bonds, commodities, or currencies

• Investment banking involves ...read more
Answered by AI
Add your answer

Q1. Talk about covid pandemic for 5 mins ?
Ans. 
The COVID-19 pandemic has had a significant impact on global economies, financial markets, and businesses.
• Global economies experienced recession due to lockdowns and restrictions.

• Financial markets saw increased volatility and uncertainty.

• Businesses had to adapt to remote work and changing consumer behavior.

• Government stimulus packages were implemented to support economies.

• Supply chains were disrupted, leading to shorta
Answered by AI
Add your answer
Q2. What are futures and options?
Ans. 
Futures and options are financial derivatives that allow investors to speculate on the price movements of assets without owning them.
• Futures are contracts to buy or sell an asset at a specified price on a future date.

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

• Both futures and options are used for hedging, speculation, and arbi...read more
Answered by AI
Add your answer

Q1. Strengths , weakness
Add your answer

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 ...read more
Answered by AI
Add your answer

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...read more
Answered by AI
Add your answer
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
Add your answer
Q3. Basics of GST and SAP basics
Add your answer