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ITC Limited Foods Division Finance Executive Interview Questions, Process, and Tips

Updated 7 Apr 2023

Top ITC Limited Foods Division Finance Executive Interview Questions and Answers

ITC Limited Foods Division Finance Executive Interview Experiences

3 interviews found

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed in Oct 2022. There were 3 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 - Aptitude Test 

Online based test, easy to crack

Round 3 - One-on-one 

(2 Questions)

  • Q1. Costing, GST and accounts
  • Q2. Financial management

Interview Preparation Tips

Interview preparation tips for other job seekers - Make yourself updated with costing, GST and accounts

Interview Questionnaire 

8 Questions

  • Q1. Tell me about yourself?
  • Q2. Questions related to my content writing on Taxguru and CAclubindia.
  • Q3. If I were given a situation to pitch in to Tamil Nadu Govt. regarding introduction of incentive policy in the food industry as that in Punjab. How and What ll You pitch for?
  • Q4. What is NPV ?
  • Ans. 

    NPV stands for Net Present Value, which is a financial metric used to determine the current value of future cash flows.

    • NPV is calculated by subtracting the initial investment from the present value of expected future cash flows.

    • It helps in determining whether a project or investment is profitable or not.

    • A positive NPV indicates that the investment is profitable, while a negative NPV indicates that it is not.

    • NPV takes i...

  • Answered by AI
  • Q5. What is IRR?
  • Ans. 

    IRR stands for Internal Rate of Return, which is a financial metric used to measure the profitability of an investment.

    • IRR is the discount rate that makes the net present value (NPV) of an investment equal to zero.

    • It is used to compare the profitability of different investments with different cash flows and time horizons.

    • A higher IRR indicates a more profitable investment.

    • IRR is commonly used in capital budgeting and i...

  • Answered by AI
  • Q6. What is PV of Cash Inflow when outflow is Assets, Materials, Land etc?
  • Ans. 

    The PV of Cash Inflow is the present value of the expected future cash inflows generated by assets, materials, land, etc.

    • PV of Cash Inflow is calculated by discounting the expected future cash inflows to their present value using an appropriate discount rate.

    • The discount rate used is typically the required rate of return or the cost of capital.

    • The PV of Cash Inflow helps in determining the value or worth of assets, mat...

  • Answered by AI
  • Q7. How will you set off GST?
  • Ans. 

    Setting off GST involves claiming input tax credits and adjusting them against the output tax liability.

    • Set off GST by claiming input tax credits

    • Adjust input tax credits against output tax liability

    • File GST returns to reconcile input and output tax

    • Ensure compliance with GST laws and regulations

  • Answered by AI
  • Q8. Questions regarding Direct Taxation.

Finance Executive Interview Questions Asked at Other Companies

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Q2. Whats is the late date for filing and payment of TDS?
Q3. What is PV of Cash Inflow when outflow is Assets, Materials, Land ... read more
Q4. If an unknown amount received in our bank accounts. how will we t ... read more
asked in Wuerth
Q5. what's P2P what's invoice processing, Ap/AR related questions The ... read more

Interview Questionnaire 

4 Questions

  • Q1. Current Job Role
  • Q2. About Current Organization and process of operations
  • Q3. Knowledge of P&L, TB and Balance Sheet
  • Q4. Expectations and How you can add value
  • Ans. 

    I expect to bring my expertise in financial analysis and strategy to drive growth and profitability for the company.

    • I have a track record of identifying cost-saving opportunities and implementing effective financial controls.

    • I am skilled in financial modeling and forecasting, which can help the company make informed decisions about investments and expansion.

    • I am also experienced in developing and executing strategic pl...

  • Answered by AI

Interview questions from similar companies

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

Finance related topic

Round 2 - HR 

(2 Questions)

  • Q1. What is your salary expectation
  • Q2. How soon you can join

Interview Preparation Tips

Interview preparation tips for other job seekers - be prepare

I was interviewed before Aug 2021.

Round 1 - HR 

(1 Question)

  • Q1. About urself and what work u did in previous company review of that
Round 2 - One-on-one 

(1 Question)

  • Q1. Accounting and JE related questions and work which i did in previous company

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be calm and give answer to all questions whatever is asked and if something u don't know please accept that and very politely say that u will work on same and next time will get anser of same.
Interview experience
1
Bad
Difficulty level
-
Process Duration
6-8 weeks
Result
No response

I applied via Referral and was interviewed in Feb 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Don't go for interview and waste your time. They don't have clarity within the organisation

Interview Preparation Tips

Interview preparation tips for other job seekers - No CULTURE & CLARITY
I gave interview in Kraft Heinz for the position of Financial analyst. After the initial screening round i was told that the need is urgent and would it be possible for a shorter notice period to which I agreed. Then every week there is one round which continued for 1.5 months with different departments.The HR had no clarity on that. Then after the final round i was told it is positive but confirmation will take some time. How much they didn't know. Then I was told the position no longer exists. 6 interviewers and HR couldn't decide if there is an open position or not but THEY are deciding whether a person is fit for the organisation or not. After the candidates invest so much of their time and hope they can't decide on such basic things. Even for such a big organisation it's an indecisive mess. Reflects what kind of CULTURE they follow. Waste of time, effort and energy. HR won't answer till you don't mail with cc to interviewers. Their culture of ‘ownership’ doesn’t filter through to the recruitment team.
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 Apr 2022. There were 3 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 

(2 Questions)

  • Q1. Reason for change. Do u know SAP ?
  • Q2. How quickly you can join
Round 3 - Technical 

(1 Question)

  • Q1. Whatever u mentioned on CV Variance Controls
  • Ans. 

    Variance and controls are key aspects of financial analysis, reflecting deviations from expected outcomes and measures to mitigate risks.

    • Variance analysis involves comparing actual financial results to budgeted or forecasted figures to identify discrepancies

    • Controls refer to procedures and policies implemented to ensure accuracy, reliability, and compliance in financial reporting

    • Examples of controls include segregation...

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

I applied via Approached by Company and was interviewed in Mar 2024. There were 3 interview rounds.

Round 1 - Case Study 

Question on Basic p&l

Round 2 - Technical 

(1 Question)

  • Q1. About previous work experience
Round 3 - Technical 

(1 Question)

  • Q1. Technical questions mostly on forecasting tools
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Apr 2022. There were 2 interview rounds.

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 - One-on-one 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. Why should we hire you
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

Finance related topic

Round 2 - HR 

(2 Questions)

  • Q1. What is your salary expectation
  • Q2. How soon you can join

Interview Preparation Tips

Interview preparation tips for other job seekers - be prepare

ITC Limited Foods Division Interview FAQs

How many rounds are there in ITC Limited Foods Division Finance Executive interview?
ITC Limited Foods Division interview process usually has 3 rounds. The most common rounds in the ITC Limited Foods Division interview process are Resume Shortlist, Aptitude Test and One-on-one Round.
What are the top questions asked in ITC Limited Foods Division Finance Executive interview?

Some of the top questions asked at the ITC Limited Foods Division Finance Executive interview -

  1. What is PV of Cash Inflow when outflow is Assets, Materials, Land e...read more
  2. How will you set off G...read more
  3. Expectations and How you can add va...read more

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ITC Limited Foods Division Finance Executive Interview Process

based on 1 interview

Interview experience

3
  
Average
View more

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ITC Limited Foods Division Finance Executive Salary
based on 49 salaries
₹5.2 L/yr - ₹10.4 L/yr
122% more than the average Finance Executive Salary in India
View more details

ITC Limited Foods Division Finance Executive Reviews and Ratings

based on 17 reviews

3.8/5

Rating in categories

3.6

Skill development

2.9

Work-life balance

3.3

Salary

4.5

Job security

3.2

Company culture

3.0

Promotions

3.1

Work satisfaction

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