JSW Steel Senior Manager Finance Interview Questions and Answers

Q1. What is different between buyer credit or supplier credit
Ans. 
Buyer credit is credit extended to the buyer by a financial institution, while supplier credit is credit extended to the buyer by the supplier.
• Buyer credit involves a financial institution providing credit to the buyer to make a purchase, while supplier credit involves the supplier offering credit terms to the buyer.

• Buyer credit typically involves lower interest rates compared to supplier credit.

• Buyer credit may involv...read more
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Q2. What is Lc or bg
Ans. 
LC or BG stands for Letter of Credit or Bank Guarantee, commonly used in international trade to ensure payment or performance.
• LC is a financial document issued by a bank to guarantee payment to a seller upon presentation of documents confirming shipment of goods.

• BG is a promise from a bank to cover a buyer's payment to a seller if the buyer fails to fulfill the terms of a contract.

• Both LC and BG provide security for tr...read more
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Q1. Basic Background Question -
Ans. Details About your Career & Roles & Responsibilities
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Q1. Balance Sheet Schedules & IndAs related qusetion
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Q2. Mention the structure of Balance Sheet and InAS implication on the same
Ans. 
Balance sheet structure includes assets, liabilities, and equity. InAS affects presentation and disclosure of financial information.
• Balance sheet includes assets, liabilities, and equity

• InAS affects presentation and disclosure of financial information

• InAS requires separate presentation of current and non-current assets and liabilities

• InAS requires disclosure of significant accounting policies and estimates

• InAS requires
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Q1. GST Related Questions
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Q2. Accounts related questions
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Q1. Family background
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Q2. Salary negotiation
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Q1. Brief about yourself
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Q1. Experience details
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Q1. Questions depend on the department they want you to take in. I was interviewed for costing department so my questions were predominantly on costing like zero based budgeting ,inventory valuation etc.
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Q2. They also asked about experience mentioned in CV like one case study on P2P process through SAP
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Q1. Accounts & Finance Functions
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Q2. Accounts payable, taxation
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India's potential to become 5 trillion economy

Q1. Ind AS, Income Tax
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