Munich Re General Accountant Interview Questions and Answers

Financial modelling , ratio analysis

Q1. What is 3 statement, valuation
Ans. 
Three statement valuation involves analyzing a company's income statement, balance sheet, and cash flow statement to determine its value.
• Three statement valuation is a comprehensive analysis of a company's financial health and performance.

• It involves examining the income statement to assess revenue and expenses, the balance sheet to evaluate assets and liabilities, and the cash flow statement to understand cash inflows...read more
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Q2. Company valuation related
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Q3. What is DCF method
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DCF method stands for Discounted Cash Flow method, a valuation method used to estimate the value of an investment based on its expected future cash flows.
• DCF method involves forecasting future cash flows of an investment and discounting them back to present value using a discount rate.

• It takes into account the time value of money, as cash received in the future is worth less than cash received today.

• The formula for DCF...read more
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Q4. How to forecasted balance sheet
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Forecasting balance sheet involves projecting assets, liabilities, and equity based on historical data and future expectations.
• Start by analyzing historical financial statements to identify trends and patterns

• Consider factors such as sales growth, cost structure, and capital expenditures

• Use forecasting techniques like trend analysis, regression analysis, and financial modeling

• Adjust projections based on economic condit...read more
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Q5. Privious experience related questions
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They asked for 1 qtr inter linking of the model.

Q1. Free Cash Flow meaning and formula.
Ans. 
Free Cash Flow is a measure of a company's financial performance, calculated as operating cash flow minus capital expenditures.
• Free Cash Flow = Operating Cash Flow - Capital Expenditures

• It represents the cash a company generates after accounting for all cash outflows necessary to maintain or expand its asset base.

• Positive free cash flow indicates a company is generating more cash than it is spending, while negative fre...read more
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Q1. Mostly it was common question related to office policies
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Aptitude test related to Financial statement

Q1. Financial ratios
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Q2. Cash Flow Statement
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Need to build P&L statement. Fill in the excel sheet with formulae (YoY, Margins, EPS)

Q1. Difference between basic and diluted shares. What is EBITDA and EBITDA margin?
Ans. 
Basic shares are outstanding shares while diluted shares include potential shares from options and convertible securities. EBITDA is earnings before interest, taxes, depreciation, and amortization, while EBITDA margin is the ratio of EBITDA to revenue.
• Basic shares are the total number of outstanding shares of a company's stock, while diluted shares include potential shares from options and convertible securities.

• EBITDA...read more
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Q2. What is COGS? What are the revenue drivers in telecom industry?
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COGS stands for Cost of Goods Sold. Revenue drivers in telecom industry include subscriber growth, data usage, and pricing strategies.
• COGS is the cost of producing and delivering a product or service

• In telecom industry, revenue drivers include subscriber growth, data usage, and pricing strategies

• Subscriber growth refers to the number of new customers or users

• Data usage refers to the amount of data consumed by customers

• ...read more
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It is finance base only
U will get questions related finance only
And one trial balance to solve and questions on trial balance

Q1. Related to three financial statements, u should know each and every item and their meanings How calculated
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Q1. What is your family background?
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Q2. Share details of your previous job.
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Q3. Tell me about yourself.
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Q4. Normal HR questions Just to check communication and your leave plans and to clarify company policies and all
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The test was about Financial aptitude where you have to calculate ratios, profit margins, EBIT etc.

Q1. This round was one on one with a Finance manager the questions were about market capitalization, stock split, the effect of stock split on market capitalization, get me through financial statements if your...read more
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Q1. This round was with a senior management member have clear finance knowledge and formulas of Ratios, WACC, etc etc
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Q1. Asking about yourseft, then questions like what is Wacc, ebitda, ebit, market cap, basic & diluted EPS, systemetic amd unsystematic risk etc
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Besic talk about yourseft to know you better , salary discussion, and some financial terms also

Reasoning base questions

Q1. How is financial model build
Ans. 
Financial models are built by gathering historical financial data, making assumptions about future performance, and using various forecasting techniques.
• Gather historical financial data from income statements, balance sheets, and cash flow statements

• Make assumptions about future performance based on industry trends, company strategy, and economic conditions

• Use forecasting techniques such as discounted cash flow analysi...read more
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Q2. What is wacc and explain
Ans. 
WACC stands for Weighted Average Cost of Capital, a calculation used to determine a company's cost of capital.
• WACC takes into account the cost of debt and equity in a company's capital structure

• It is calculated by multiplying the cost of each capital component by its proportional weight and summing the results

• WACC is used as a discount rate in valuation models such as discounted cash flow analysis

• A company's WACC is us...read more
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