Nokia Networks Financial Project Controller Interview Questions and Answers

Q1. Accounting mcq online
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Q2. Excel solving online
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Q1. Dso calculation
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Q2. Current experience
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Discuss job on students /friends

Q1. Personal information
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Q1. Sir/madem give any job
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Q1. Devlopement in knowledge
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Continuous development of knowledge is crucial for a Controller's success.
• Attending industry conferences and seminars

• Reading financial publications and staying up-to-date with accounting standards

• Networking with other professionals in the field

• Taking courses or pursuing advanced degrees

• Staying informed about new technologies and software
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Good knowledge of basic accounting rules & IFRS.

Q1. 1. Tell me something about your self? 2. Share how your work day starts ? 3. Share whats the day to day activity you do in your work profile? 4. Few technical questions related to role? 5. Share some exper...read more
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Q1. 1. Tell me about your self, experience, job profile etc? 2. How your current experience align with current role offered? 3. Achievements?
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Q1. Basic questions
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Q2. Experience and othwrs
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Accounting questions related to derrral concept and around cash flows and working capital

Q1. Difference between provision and accrual
Ans. 
Provision is an estimated liability while accrual is a recognized expense.
• Provision is an estimated liability that is recognized when there is uncertainty about the amount or timing of a future expense.

• Accrual is a recognized expense that is recorded when it is incurred, regardless of when the payment is made.

• Provisions are made for potential future expenses, such as legal claims or warranty obligations.

• Accruals are ma...read more
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Q2. What is a lease(IFRS 16)
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A lease is a contract between a lessor and a lessee, where the lessee pays the lessor for the use of an asset.
• IFRS 16 is a new accounting standard that requires companies to recognize most leases on their balance sheets

• Leases can be classified as finance leases or operating leases

• Finance leases are treated like asset purchases and the lessee records the leased asset as an asset and the lease obligation as a liability

• Op...read more
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Q3. Difference between deferred revenue and unearned income
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Deferred revenue and unearned income are terms used interchangeably to describe the same concept.
• Deferred revenue and unearned income refer to revenue received in advance for goods or services that have not yet been delivered or provided.

• Both terms represent a liability on the company's balance sheet until the revenue is recognized.

• Deferred revenue is commonly used in the software industry, where customers pay upfront ...read more
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Q1. Questions around deferred revenue
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Q2. How to forecast revenue of a new product?
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Forecasting revenue of a new product requires market research, analysis of competition, and estimation of demand.
• Conduct market research to identify potential customers and their needs

• Analyze competition to understand their pricing, marketing, and sales strategies

• Estimate demand based on market size, target audience, and pricing

• Consider external factors such as economic conditions and industry trends

• Use financial model...read more
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Q1. What are your strength?
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Accounting entries and their impact on pnl, bal sheet, cash flow income statement.

Q1. If you are hired, what were the three good things that you would bring to us.
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Q2. Stakeholder management, honest leadership,and equal oppurtunity to my colleagues to grow and achieve more
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Tough questions were asked

Q1. Introduce yourself and about my projects
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Q1. About myself and my previous projects
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Q1. How well i know about the job role
Ans. 
I have a strong understanding of the responsibilities and requirements of a Financial Analyst.
• I am familiar with financial modeling and forecasting techniques.

• I have experience analyzing financial data and creating reports for management.

• I understand how to interpret financial statements and make recommendations based on the analysis.

• I am proficient in using financial software and tools such as Excel, Bloomberg, and SA...read more
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