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Karnavat & Co. Executive Accountant Interview Questions and Answers
Karnavat & Co. Executive Accountant Interview Experiences
1 interview found
Pradeep Ramcharan Varma
I applied via Referral
(1 Question)
- Q1. Basic principles of account Heads of income ITR firms etc
- Ans.
Basic principles of accounting include double-entry system, matching principle, and accrual basis accounting. Heads of income refer to different sources of revenue. ITR firms are tax consulting firms.
Basic principles of accounting: double-entry system, matching principle, and accrual basis accounting
Heads of income: salary, interest, rent, capital gains, etc.
ITR firms: tax consulting firms that help individuals and bus
Interview Preparation Tips
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Anonymous
posted on 25 Nov 2020
I applied via Referral and was interviewed in Oct 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Are you able to achieve top ranking because you are joining in bottom ranking?
- Q2. HOW ??
Interview Preparation Tips
I applied via Referral and was interviewed before Dec 2020. There were 4 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Why do you like to work in health sector
- Ans. As the market is boom in health sector and specially insurance sector so i am interested
- Q2. How long would you like to be our organization
- Ans. As long as it goes well with me in learning and growing myself to be better world of health sector.
Interview Preparation Tips
Interview Preparation Tips
Experience: Though technical questions were not that difficult but the quant section was way too hard and almost impossible to solve completely in given time limit.
Tips: It’s better if you attempt less questions (in quant) but do them right (I attempted less than 40% quant and still got through).
Round: Technical Interview
Experience: Next they would have 2-3 technical rounds where they cover most of the areas of CS. Some of the areas where they concentrated more would be Algorithms, OOPS Concepts and Logical Puzzles.
Tips: Brush up important concepts from various areas such as Operating System, OOPS, Software Engineering. Be ready for some really challenging questions in Algorithms. Also they do ask quite a few logical puzzles so it’s important you practice a lot of them online before the interview.
General Tips: D E Shaw selects very few candidates + comes in starting weeks of placement season, so competition is immense. Multiple companies come on same day, so it becomes a little tedious. Surely I wasn't the better candidate that day.
Skill Tips: D E Shaw focuses more on your ability to solve logical problems, so make sure you are in best state of your mind and speak while solving any problem because what they are looking for is not the right answer (well of course they are) but also how are you approaching the problem.
Skills: Operating System, OOPS, Algorithms, CS, logical puzzles, Quant
College Name: NIT SURATHKAL
I appeared for an interview before Apr 2021.
(4 Questions)
Round duration - 45 minutes
Round difficulty - Medium
Technical Interview round with questions on Core Subjects mainly.
- Q1. What is the difference between C and C++?
- Ans.
C is a procedural programming language while C++ is an object-oriented programming language with features like classes and inheritance.
C is a procedural programming language, while C++ is a multi-paradigm language with support for object-oriented programming.
C does not support classes and objects, while C++ does.
C uses structures for data organization, while C++ uses classes for data organization.
C does not have featur...
- Q2. What is a virtual function?
- Ans.
A virtual function is a function in a base class that is declared using the keyword 'virtual' and can be overridden by a function with the same signature in a derived class.
Virtual functions allow for dynamic polymorphism in object-oriented programming.
They are used to achieve runtime binding and enable the implementation of the function to be determined during runtime.
Example: virtual void display() = 0; in a base cla...
- Q3. What is inheritance in object-oriented programming?
- Ans.
Inheritance is a concept in object-oriented programming where a class inherits properties and behaviors from another class.
Allows for code reusability by creating a new class based on an existing class
Child class inherits attributes and methods of the parent class
Can have multiple levels of inheritance (e.g. grandparent, parent, child classes)
Example: class Dog extends Animal, where Dog inherits properties and methods
- Q4. What is the difference between a Default Constructor and a Copy Constructor in Object-Oriented Programming?
- Ans.
Default Constructor is a constructor that is automatically called when an object is created without any arguments. Copy Constructor is used to create a new object as a copy of an existing object.
Default Constructor has no parameters, while Copy Constructor takes an object of the same class as a parameter.
Default Constructor initializes the object with default values, while Copy Constructor creates a new object with the...
(5 Questions)
Round duration - 40 minutes
Round difficulty - Easy
Technical Interview round with questions on Core Subjects mainly.
- Q1. What are the types of access modifiers in C++?
- Ans.
The types of access modifiers in C++ are public, private, and protected.
Public: accessible from outside the class
Private: only accessible within the class
Protected: accessible within the class and its subclasses
- Q2. What is the difference between DDL (Data Definition Language) and DML (Data Manipulation Language)?
- Ans.
DDL is used to define the structure of database objects, while DML is used to manipulate data within those objects.
DDL is used to create, modify, and delete database objects like tables, indexes, etc.
DML is used to insert, update, delete, and retrieve data from database tables.
DDL statements include CREATE, ALTER, DROP, TRUNCATE, etc.
DML statements include INSERT, UPDATE, DELETE, SELECT, etc.
- Q3. What are the key differences between a Primary Key and a Unique Key in a database management system?
- Ans.
Primary Key uniquely identifies each record in a table, while Unique Key ensures that all values in a column are distinct.
Primary Key does not allow NULL values, while Unique Key allows one NULL value.
A table can have only one Primary Key, but multiple Unique Keys.
Primary Key is automatically indexed, while Unique Key may or may not be indexed.
Primary Key is used to establish relationships between tables, while Unique ...
- Q4. What is the difference between DBMS and RDBMS?
- Ans.
DBMS is a software system that manages databases, while RDBMS is a type of DBMS that stores data in a structured format using tables.
DBMS stands for Database Management System, which is a software system that allows users to interact with a database.
RDBMS stands for Relational Database Management System, which is a type of DBMS that stores data in a structured format using tables with rows and columns.
RDBMS uses Struct...
- Q5. What are the objectives of normalization in database management systems?
- Ans.
Normalization in database management systems aims to reduce data redundancy, improve data integrity, and optimize database performance.
Eliminate data redundancy by breaking down data into smaller tables
Reduce update anomalies by ensuring data is stored in a logical and consistent manner
Improve data integrity by enforcing referential integrity constraints
Optimize database performance by reducing the amount of redundant
Round duration - 30 minutes
Round difficulty - Easy
HR round with typical behavioral problems.
Interview Preparation Tips
Tip 1 : Must do Previously asked Interview as well as Online Test Questions.
Tip 2 : Go through all the previous interview experiences from Codestudio and Leetcode.
Tip 3 : Do at-least 2 good projects and you must know every bit of them.
Tip 1 : Have at-least 2 good projects explained in short with all important points covered.
Tip 2 : Every skill must be mentioned.
Tip 3 : Focus on skills, projects and experiences more.
Skills evaluated in this interview
I appeared for an interview before Apr 2021.
(6 Questions)
Round duration - 60 minutes
Round difficulty - Medium
Started with the discussion why do you want to join DE shaw. Since prior to my current company, I was working with a finance based company so they asked why do you want to come back to finance base company. So they asked my about debentures, bonds, mortgages and other financial jargons.
Then they asked questions related to DSA, OS etc.
- Q1.
Find Triplets with Given Sum Problem Statement
Given an array
ARRconsisting ofNintegers, your task is to identify all distinct triplets within the array that sum up to a given integerK.Explanation:
... - Ans.
The task is to find all distinct triplets in an array that sum up to a given integer.
Iterate through the array and use nested loops to find all possible triplets.
Use a set to store unique triplets and avoid duplicates.
Check if the sum of the triplet equals the target sum.
Return the list of valid triplets or -1 if no such triplet exists.
- Q2.
Minimum Number of Platforms Problem
Your task is to determine the minimum number of platforms required at a railway station so that no train has to wait.
Explanation:
Given two arrays:
AT- represent...
- Ans.
Determine the minimum number of platforms needed at a railway station so that no train has to wait.
Sort the arrival and departure times arrays in ascending order.
Initialize two pointers for arrival and departure times, and a variable to keep track of the maximum number of platforms needed.
Increment the platform count when a train arrives and decrement when a train departs.
Update the maximum platform count as needed.
Ret...
- Q3. What is the difference between internal fragmentation and external fragmentation in operating systems?
- Ans.
Internal fragmentation occurs when memory is allocated in fixed-size blocks, leading to wasted space within a block. External fragmentation occurs when free memory is fragmented into small chunks, making it difficult to allocate contiguous blocks.
Internal fragmentation is caused by allocating fixed-size blocks of memory, leading to wasted space within a block.
External fragmentation occurs when free memory is fragmented...
- Q4. Write an SQL query to find the employee with the nth highest salary.
- Ans.
SQL query to find the employee with the nth highest salary
Use the ORDER BY clause to sort salaries in descending order
Use the LIMIT clause to select the nth highest salary
Join the employee table with the salary table to get the employee details
- Q5. How is Java platform independent?
- Ans.
Java is platform independent due to its bytecode and JVM.
Java code is compiled into bytecode, which can run on any platform with a Java Virtual Machine (JVM)
JVM acts as an intermediary between the Java code and the underlying platform, ensuring portability
Developers write code once and it can be executed on any platform that has a compatible JVM
Examples: Windows, macOS, Linux all can run Java programs without any chang
- Q6. What is the difference between an abstract class and an interface in Java?
- Ans.
Abstract class can have both abstract and non-abstract methods, while interface can only have abstract methods.
Abstract class can have constructor, member variables, and methods with implementation.
Interface can only have abstract methods and constants.
A class can implement multiple interfaces but can only extend one abstract class.
Example: Abstract class - Animal with abstract method 'eat' and non-abstract method 'sle
Interview Preparation Tips
Tip 1 : Must do Previously asked Interview as well as Online Test Questions.
Tip 2 : Go through all the previous interview experiences from Codestudio and Leetcode.
Tip 3 : Do at-least 2 good projects and you must know every bit of them.
Tip 1 : Have at-least 2 good projects explained in short with all important points covered.
Tip 2 : Every skill must be mentioned.
Tip 3 : Focus on skills, projects and experiences more.
Skills evaluated in this interview
Interview Preparation Tips
Experience: I got shortlisted for Capital One but could not make through the interview comprising mainly of number crunching questions. Later, I interviewed with Flipkart and got selected.
General Tips: 1. I was inclined in clearing CAT from my second year onwards.
2. I did a summer project in the second year and simultaneously joined Career Launcher.
3. I didn’t prepared much for the placements and was only focussed on CAT preparations during the seventh semester.
4. I did not give as much time in resume building as given by mates since I knew that I have nothing to mention about except my CPI.
5. CAT preparations helped me strengthen my aptitude and quant skills.
6. I was able to clear the tests of various companies just with my CAT knowledge.
7. I practised maths for entire month and was pretty confident in English and a week before the main exam, I did one or two mock papers daily.
College Name: IIT KANPUR
Interview Questionnaire
3 Questions
- Q1. A situation where you had to take expertise from someone and why?
- Ans.
Yes
I had to take expertise from a senior analyst to understand a complex financial model.
I sought guidance from a subject matter expert to interpret a new regulatory requirement.
I collaborated with a data scientist to analyze and interpret a large dataset.
I consulted with a software engineer to troubleshoot a technical issue in a data analysis tool.
- Q2. A situation where you were not able to meet the deadline of your work and finally what was the response you got for your work?
- Ans.
I missed a deadline due to unexpected complications, but received understanding and support from my team.
I was working on a project with a tight deadline
Unexpected complications arose that delayed my progress
I communicated the situation to my team and asked for an extension
My team was understanding and supportive, and we worked together to adjust the timeline
- Q3. A situation where you had to do a thing which you had no prior knowledge about and what was the result?
Interview Preparation Tips
Experience: The questions were related to Data Interpretation. I felt severe time constraint in the paper.
Tips: Selectivity among the questions proved beneficial in clearing the cut-off.
Duration: 60 minutes
Total Questions: 30
Round: Case Study Interview
Experience: Preliminary(Long before Placement Season)
It was a 10-minute one on one interview. They had given the link for few practice case-studies. The Case Study given at their website is the most important one. It helps you understand the standard approach they look for in a candidate.
Round: Case Study Interview
Experience: This was a 50-minute interview during the placement season.
Round: Case Study Interview
Experience: This was a 20-minute interview. It was a case interview similar to the first one.
Round: HR Interview
Experience: It was a behavioral Interview.
Tips: Questions were expected to be answered in detail.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: DI based questions were asked. Guys preparing for CAT will breeze through the test. Just make a note that the cutoff of Cap One Test is pretty high (Around 22). So try and attempt as many questions as possible.
Duration: 30-45 minutes
Total Questions: 30
Round: Interview
Experience: It was a general HR cum Case interview.
I had done my internship in one of the analytics companies. So, he seemed interested in the project I had done. Then there was a case “I had to estimate the profitability of a car loan in the city of Texas. Given was the population of
Texas and the Loan amount. Any further data required was to be asked.
Tips: I had breezed through one of my mock interviews a couple of days ago. So I got a bit over confident and made calculation mistakes. These guys are edgy about calculation mistakes and don’t expect you to commit one. So be a bit careful while solving a case.
General Tips: I would like to start this article by telling you something about your major concern, and that is “Will this economic crisis has a telling effect on your job prospects ?”. And the answer is both Yes and No. I am a 5th year Mathematics student and have closely seen the placements of 3 batches and from my experience, I can surely say that “One who prepares well , gets through, No matter how tough the situation is". It happened with my batch and your batch won’t be an exception (Unless a catastrophe happens).
Dilemma:
Most of you guys sitting for placement shall be in your 7th semester which is considered to be one of the most hectic of all the semesters. Many of you might be preparing for CAT, others for GRE, some of you would have got a tough guide for your final year project. So you need to prioritize things. You need to think it through; “A Realistic Self Analysis” always helps.
I’ll share what I did. I did join coaching classes for CAT but my first priority always was placements and accordingly I planned and executed things. Getting a 99+ percentile and then clearing the GD and PI’s was too much of a risk for me to take. So this might be one of the better times to go for your MBA but always have other options ready just in case.
Resume for Analytics Companies:
Most of the analytics companies have a lot of Statistical Analysis and Data Management work. So, candidates having an experience in Data handling are preferred. If some project of yours involved Data Handling, mention it in detail. If you have done some of the applied Statistics courses in the Maths/IME department, mention it in your resume.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: I had a standard resume for this company as per our institute placement cell norms. Also my seniors advised me that for an analyst profile they would definitely look for consistent academic performance as well as academic achievements (at school/Olympiad level). So I had taken care to include the same in my resume (since the resume in our case is a standard one and does not change from a company to company basis).
Round: Test
Experience: Since I was aware of the profile they were recruiting for, I had anticipated the test. There was also guidance from my seniors as well as peers in other colleges. The written test had 30 questions and the total duration of the test was 35 minutes. The questions focused on data interpretation. Data about a company’s revenue, profit and sales in the form of graphs and pie charts was given and students were asked to analyse the same. Questions were simple and the use of calculators was allowed. The cut-off was around 23 questions (based on discussions/feedback from various students). People who have prepared for CAT would have a good idea about the kind of questions and are also aware of the relative difficulty level of various questions.
Tips: In these tests the focus should be on accuracy. Since a lot of people prepare for CAT there is high probability that a lot of candidates would be able to attempt all the questions in the written test. The focus then shifts to accuracy.
Duration: 35 minutes
Total Questions: 30
Round: Case Study Interview
Experience: The first round was a case study round held in the month September (three months prior to the actual placement process). This interview lasted for approximately 15 minutes. It dealt with the break even analysis of a credit card company’s marketing and promotion campaign. The company had the option of sending letters of promotion to prospective clients via simple postal mail or through courier. The data provided was – cost of each promotion strategy, the probability of reaching the correct client and the conversion rate of a prospective customer into a customer for the particular case. There was a constraint on the marketing budget and hence one needed an optimized solution to maximize the profits.
The first part involved giving pros and cons for both the strategies and thereafter giving a data based analysis for the given promotion strategies to come up with one which was more profitable.
Round: Case Study Interview
Experience: The second round of the interview was held at the time of the main placement season – this time a one on one case study interview. This case focused on the break even analysis of a telecom company. The data given was the cost to company for a call (on a per minute basis), fixed price paid by the customer for the first 10 minutes and the price paid per minute of usage thereafter.
After analysis, I found that there were two break even points. Up to the first point the company was making a profit. Then there was an intermediate call duration period when the company made losses and beyond the second break even point, the call was again profitable.
As the head of the telecom company I had to decide whether to take the plan or not based on the probability distribution of the call duration and also analyse the probabilities of profit/loss.
College Name: IIT ROORKEE
Motivation: I learnt about the company and the profile from the seniors working at the company and the pre-placement talk. The placement talk was useful in getting to know about the job responsibilities and the expectations from the candidate.
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