Morgan Stanley Fund Accountant Interview Questions, Process, and Tips

Basic accounting questions

Q1. What is financial market
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Q2. What is investment banking
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Q3. What is Net Asset Value
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Q1. Tell me about yourself
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Q2. Journal entries
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Q3. Talk on current affairs
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Q1. All about derivatives
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Q2. All About Journal entries
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Q1. Tell me about yourself
Ans. 
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
• I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

• I am experienced in preparing financial statements, reconciling accounts, and analyzing investment portfolios.

• I have a deep understanding of accounting principles and regulations, including GAAP and IFRS.

• I am profic...read more
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Q2. What are your job location preferences
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I am open to job locations that offer a strong financial industry presence and opportunities for professional growth.
• I prefer job locations with a strong financial industry presence.

• I am interested in locations that offer opportunities for professional growth and development.

• I am open to considering different locations based on the specific job requirements and career prospects.

• I value a supportive work environment and...read more
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Q3. Tell me about your expectations about salary and hike
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I expect a competitive salary that reflects my skills and experience, and I hope for regular performance-based hikes.
• I believe my skills and experience warrant a competitive salary.

• I hope for regular performance-based hikes to recognize my contributions.

• I am open to negotiation and would like to discuss the salary and hike in detail during the interview.

• I understand that the salary and hike will depend on the company's
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Q4. Can you briefly tell me about your past experience
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I have 5 years of experience as a Fund Accountant in a leading financial institution.
• Managed daily accounting activities for multiple investment funds

• Performed NAV calculations and reconciliations

• Prepared financial statements and reports for clients

• Collaborated with portfolio managers and auditors

• Implemented process improvements to enhance efficiency
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Q5. If you got selected for job then in how many days you will take to join us?
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I will be able to join within 2 weeks of receiving the offer.
• I will need to give notice to my current employer, which typically requires 2 weeks.

• I will need to complete any necessary paperwork and background checks before starting.

• I will also need some time to prepare for the transition and tie up loose ends in my current role.

• However, I am open to discussing the start date and can potentially join earlier if needed.
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Q1. Tell me about yourself
Ans. 
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
• I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

• I am proficient in financial analysis, reconciliation, and reporting.

• I have experience in managing complex investment portfolios and ensuring compliance with regulatory requirements.

• I am skilled in using accounting ...read more
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Q2. Discussion on various points which are in resume
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Q3. What is fund accounting?
Ans. 
Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.
• It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.

• It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.

• Fund accountants ensure compliance with regulatory requirements and provide accurate and time...read more
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Q4. What is NAV calculation, how to calculate NAV?
Ans. 
NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.
• NAV is calculated by subtracting the fund's liabilities from its assets.

• Assets include investments, cash, and receivables, while liabilities include expenses and payables.

• NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.

• NAV is typically calculated on a daily basis for mutual fu...read more
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Q5. What is asset and liability? What are subcategories and formula to determine asset and liability?
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Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.
• Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.

• Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.

• Subcategories of assets include current assets (e.g....read more
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Q6. What is GAV? How it is differ from NAV?
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GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.
• GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.

• NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expense...read more
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Q7. What is equity, and bond?
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Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.
• Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.

• Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.

• Equity holders have a higher risk and potential for higher returns compared to bondholders.

• Ex...read more
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Q8. What is capstock? Explain subscription and resumption
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Capstock refers to the total value of a company's outstanding shares of stock.
• Capstock is the market value of a company's equity capital.

• It represents the total value of all the company's shares of stock.

• Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.

• It is an important metric for investors and analysts to assess the overall value of a company.

• Subsc...read more
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Q9. How can capstock affects the NAV?
Ans. 
Capstock can affect the NAV by impacting the valuation of the fund's investments.
• Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.

• If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.

• An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as t...read more
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Q10. What do you know about management fees and performance fees?
Ans. 
Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.
• Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.

• Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.

• Man...read more
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Q11. What are accounting rules? Both modern and traditional?
Ans. 
Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.
• Accounting rules ensure consistency and accuracy in financial reporting.

• They provide a framework for recording and classifying transactions.

• Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting P...read more
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Q12. Explain dr and cr? Explain ledger and subledger?
Ans. 
DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.
• DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.

• CR stands for credit, which represents a decrease in assets ...read more
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Q13. What is corporate action and it's various types
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Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.
• Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.

• Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.

• Dividends: Distribution of a portion of a company's earnings to its shareholders.

• Mergers and acquisitions: W...read more
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Q14. Your expectations from job
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I expect the job to provide opportunities for growth, a supportive work environment, and a competitive salary.
• Opportunities for professional development and advancement

• A positive and collaborative work culture

• A fair and competitive salary

• Clear expectations and goals

• Work-life balance

• Supportive management and colleagues

• Challenging and engaging work tasks

• Opportunities to learn new skills and technologies

• Recognition for ac
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Q15. Why should we hire you?
Ans. 
I have the necessary skills, experience, and passion for the role of Fund Accountant.
• I have a strong background in accounting and finance, with a focus on fund accounting.

• I have experience working with various financial instruments and investment strategies.

• I am highly detail-oriented and have a track record of accuracy in financial reporting.

• I am proficient in using accounting software and have a strong understanding ...read more
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Q16. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
Ans. 
State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.
• State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.

• The company has a strong global presence with offices in over 100 locations worldwide.

• State Street is known for its expertise in a...read more
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Q17. Do you have any knowledge about MS-excel?
Ans. 
Yes, I have extensive knowledge of MS-Excel.
• I am proficient in using Excel for financial analysis and reporting.

• I have experience in creating complex financial models using Excel.

• I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.

• I have used Excel to prepare financial statements and reconcile accounts.

• I am comfortable working with large data sets in Excel and have experience in data analysis
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Q18. Questions about ms Excel formulas
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Q19. Discussion about salary, appraisal, working hours, work life balance, leaves and other
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Q1. Hedge funds related ,Derivatives
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Q1. Tell me something about yourself
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Q2. Finance related questions
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Advance Excel, math and accounts

Q1. Mutual Fund, NAV
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