Mwyn Tech Business Finance Manager Interview Questions and Answers

Q1. What are the main financial statement
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Q2. How will you handle stressful situation
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Arithmetic questions

Q1. Accounting rules
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Q2. Acc recivable and payable
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Q1. What are common control transactions
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Common control transactions are transactions between entities under common control, where one entity has control over the other.
• Common control transactions typically involve the transfer of assets, liabilities, or equity between entities under the same parent company.

• These transactions are not considered arm's length transactions as the entities involved are related.

• Examples of common control transactions include the t...read more
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Q2. What is risk assessment
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Risk assessment is the process of identifying, analyzing, and evaluating potential risks in order to make informed decisions.
• Identifying potential risks that could impact an organization's objectives

• Analyzing the likelihood and impact of each risk

• Evaluating the overall risk exposure and determining appropriate risk mitigation strategies

• Risk assessment helps in making informed decisions and prioritizing resources

• Example...read more
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1 hour and topics accounting

Good but a tricky one

Q1. Self introduction
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Q2. Education background
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The duration was 60 min and the topics were covered basic math, DILR and gk

I was told to review on 2007 financial scam and how it could have been avoided

Q1. Where you reside
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Q2. When will you join
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Topic about the financial analysis

Q1. What is the format for budgeting
Ans. 
Budgeting format involves creating a detailed plan for managing and allocating financial resources.
• Budgeting typically involves creating a spreadsheet or financial software program to track income, expenses, and savings goals.

• It is important to categorize expenses, set financial goals, and regularly review and adjust the budget as needed.

• Common budgeting formats include zero-based budgeting, incremental budgeting, and ...read more
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Q2. What is the formula for EBIT
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EBIT formula calculates a company's earnings before interest and taxes.
• EBIT = Revenue - Operating Expenses

• Operating expenses include costs like salaries, rent, utilities, and depreciation

• EBIT is a measure of a company's profitability before taking into account interest and taxes

• Example: If a company has $1,000,000 in revenue and $500,000 in operating expenses, EBIT would be $500,000
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