Northern Trust Operating Services Executive Accountant Interview Questions and Answers

Basic accounting questions

Q1. What is financial market
Ans. 
Financial market is a platform where buyers and sellers trade financial securities, commodities, and other fungible items.
• Financial markets facilitate the exchange of assets such as stocks, bonds, currencies, and derivatives.

• They provide a platform for companies to raise capital through issuing stocks or bonds.

• Financial markets can be categorized into primary markets (new securities are issued) and secondary markets (e...read more
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Q2. What is investment banking
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Investment banking involves providing financial services to corporations, governments, and other institutions.
• Facilitates mergers and acquisitions

• Underwrites securities offerings

• Provides financial advisory services

• Assists with raising capital for clients

• Engages in trading and market-making activities
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Q3. What is Net Asset Value
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Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
• NAV is calculated by subtracting the fund's liabilities from its assets.

• The result is then divided by the number of shares outstanding to determine the NAV per share.

• NAV is used to determine the price at which investors can buy or sell shares of the fund.

• It is an important metric for investors to tra
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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. Accounting Standards
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Q2. International financial reporting
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Q1. Tell me about yoursel
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Q2. Accounting related
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Q1. Waht is a bond, type of financial markets, type of capital market
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Q2. Capital market and money market
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Q3. Primary, Right issue, private placement,qlb AdR,GDR,IDR
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Q4. Primary market secondary market
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Q5. Public for the purpose raising capital
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Interst rate and bond price

Which of the following terms is not related to stock exchange

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Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
Ans. 
I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.
• Golden rule of accounting: Debit the receiver, credit the giver

• Bank reconciliation statement: Matching ...read more
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Q1. About yourself and why do you want to leave your current job
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Q1. What is P2P Cycle and when AP work start?
Ans. 
P2P Cycle is Procure to Pay Cycle. AP work starts after the purchase order is received and goods/services are delivered.
• P2P Cycle involves the entire process of procuring goods or services, from identifying the need to paying the supplier.

• The cycle includes steps like requisition, purchase order, goods receipt, invoice receipt, and payment.

• AP work starts after the goods or services are received and the invoice is recei...read more
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Q1. Introduction questions
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Q2. Why we should hire you?
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