Koch Business Solutions Financial Associate Interview Questions and Answers

Q1. Related to Financial model which I prepared.
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Q1. IND AS 116 and about company
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Q1. Talk with HR was done
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Q2. What’s your future aim
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Q1. Account payable questions
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Q2. Oracle R12 application related
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Q1. What is depreciation?
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Q2. Full form of COGS ?
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Q1. Industry outlook
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Q2. Questions on IFRS
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⚫Simple and compound interest
⚫ Ratio and proportion

Time management,
Domain knowledge
Understand the case

Communication skills
Team work
Critical Thinking
Leadership skills
Time management

Q1. Technology and AI
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Q2. Climate action
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Q1. If all roses are followers and some followers fade quickly, which of the following can be concluded
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Q2. What comes next in the sequence: 2, 6, 12, 20, 30, ---?
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Q1. Tell me about your self
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Q2. Why do you want to work for our company
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I am a fresher so all the questions is basic of accounts related

Q1. Purchase process in costing
Ans. 
Purchase process in costing involves identifying the need, selecting suppliers, negotiating prices, placing orders, receiving goods, and making payments.
• Identify the need for the purchase

• Select potential suppliers and obtain quotes

• Negotiate prices and terms with the chosen supplier

• Place the order with the supplier

• Receive the goods and verify their quality and quantity

• Make payment to the supplier
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Q2. Journal entries of such process
Ans. 
Journal entries are records of financial transactions that are recorded in a company's general ledger.
• Debit and credit accounts are identified and recorded

• Each entry must have a corresponding debit and credit entry

• Entries must be recorded in chronological order

• Examples include recording sales revenue, expenses, and depreciation

• Journal entries are used to create financial statements
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Q3. Direct tax budget updates
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Q4. What do you know about infosys
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Q5. How the russia war affect the IT business
Ans. 
The Russia war has negatively impacted the IT business due to economic sanctions and decreased foreign investment.
• Economic sanctions have limited access to technology and equipment needed for IT businesses

• Decreased foreign investment has led to a lack of funding for IT startups and projects

• The war has also disrupted supply chains and caused instability in the market

• Cybersecurity concerns have increased due to potential
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Q1. Role and experience and other questions
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