ITC Finance Intern Interview Questions, Process, and Tips

Questions about your personality, they provide sentences that you need to be disagree or agree

Video interview, you answer some questions related the role you are applying and you submited in videos.

Q1. Tell me something about yourself
Ans. 
I am a dedicated finance professional with 5 years of experience in budgeting, forecasting, and financial analysis.
• I have a Bachelor's degree in Finance from XYZ University.

• I have worked at ABC Company for the past 3 years, where I successfully managed the budgeting process for multiple departments.

• I am proficient in financial modeling and data analysis using Excel and other financial software.

• I have strong communicati...read more
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Q2. Previous experience
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Q1. Work profile related
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Q2. SAP related questions
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Q1. Technical finance questions
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Q2. SAP and performance related work
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Q1. Salary discount and smaller negotiable
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Q1. Motivation behind changing job
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Q2. Technical questions
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Q1. What is Financial Modeling
Ans. 
Financial modeling is the process of creating a representation of a company's financial performance in the form of numerical projections.
• Financial modeling involves forecasting a company's future financial performance based on historical data and assumptions.

• It helps in making informed decisions regarding investments, budgeting, and strategic planning.

• Common tools used in financial modeling include Excel, financial mod...read more
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Q2. What is zero base budgeting
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Zero base budgeting is a budgeting process where all expenses must be justified for each new period.
• In zero base budgeting, all expenses start at zero and must be justified from scratch for each new budget period.

• It requires managers to analyze and justify all expenses, not just incremental changes from the previous period.

• This approach can lead to more efficient allocation of resources and better cost control.

• Examples...read more
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Q1. What is your goal in future.
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Q2. My goal is to gain valuable experience, develop new skills, and make meaningful contributions in your chosen field or industry. Additionally, i might aim to establish a strong professional network, pursue ...read more
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Q1. About work experience in general
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Technicalities about overall finance and accounting

Q1. Practical question which requires subject knowledge in depth
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Q1. Basic knowledge relates to finance
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Q1. Few gst related and audit related case studies
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Q1. What is capital budgeting?
Ans. 
Capital budgeting is the process of planning and evaluating long-term investment decisions.
• It involves analyzing potential investments and deciding which ones to pursue

• Factors such as cash flow, risk, and return are considered

• Techniques used include net present value, internal rate of return, and payback period

• Examples include building a new factory, investing in research and development, or acquiring another company
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Q2. What is a cut-off procedure?
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Cut-off procedure is a process of determining the point at which a transaction or event is no longer included in the current period's financial statements.
• It is used to ensure that financial statements accurately reflect the financial position of a company at the end of a reporting period.

• It involves reviewing transactions and events that occurred after the end of the reporting period to determine if they should be inc...read more
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Q1. What is more important, Revenue or Profits?
Ans. 
Both revenue and profits are important, but profits are more crucial for long-term sustainability and growth.
• Revenue is the total amount of money earned by a company from its sales, while profits are the amount of money left over after deducting all expenses.

• While revenue is important for a company's short-term success, profits are crucial for its long-term sustainability and growth.

• A company with high revenue but low ...read more
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