Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Novac Technology Solutions Team. If you also belong to the team, you can get access from here

Novac Technology Solutions Verified Tick

Compare button icon Compare button icon Compare

Filter interviews by

Novac Technology Solutions Finance Executive Interview Questions and Answers

Updated 19 Sep 2024

Novac Technology Solutions Finance Executive Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    Experienced finance executive with a strong background in financial analysis and strategic planning.

    • Over 10 years of experience in finance roles

    • Skilled in financial analysis, budgeting, and forecasting

    • Proven track record of driving profitability and growth

    • Strong leadership and communication skills

    • Previously worked as a Finance Manager at XYZ Company

  • Answered by AI
  • Q2. Golden rules of accounting
  • Ans. 

    Golden rules of accounting are basic principles that guide the process of recording financial transactions.

    • The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

    • These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

    • For example, when a compa...

  • Answered by AI

Interview questions from similar companies

I applied via Approached by Company and was interviewed in Aug 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(9 Questions)

  • Q1. Heads of income
  • Q2. Tds on professional payment
  • Ans. 

    TDS on professional payments is a tax deducted at source on payments made to professionals for their services.

    • TDS rate on professional payments is usually 10%.

    • It is applicable when the payment exceeds a certain threshold amount.

    • The person making the payment is responsible for deducting TDS and depositing it with the government.

    • Failure to deduct TDS can lead to penalties and legal consequences.

  • Answered by AI
  • Q3. Tds on purchase of land from an individual for ₹10000000
  • Ans. 

    TDS on purchase of land from an individual for ₹10000000 is applicable.

    • TDS rate on purchase of land from an individual is 1% if the value exceeds ₹50 lakhs.

    • In this case, TDS amount would be ₹100000 (1% of ₹10000000).

    • The buyer is required to deduct TDS at the time of making payment to the seller.

    • TDS should be deposited with the government and TDS certificate should be issued to the seller.

  • Answered by AI
  • Q4. Due dates of filing gst return
  • Ans. 

    GST returns are typically due on the 20th of the following month.

    • GST returns are usually due on the 20th of the month following the tax period.

    • For example, the GST return for the month of January would typically be due on February 20th.

    • Late filing of GST returns can result in penalties and interest charges.

  • Answered by AI
  • Q5. Due date of filing income tax return for companies
  • Ans. 

    Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.

    • Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.

    • For example, if a company's fiscal year ends on December 31st, the income tax return would be due on March 15th.

    • Extensions may be available in certain circumstances, but the initial due date is typi...

  • Answered by AI
  • Q6. Accrued income and accrued expense under which head it is shown under balance sheet
  • Ans. 

    Accrued income is shown under the asset side of the balance sheet, while accrued expenses are shown under the liability side.

    • Accrued income is recorded as a current asset on the balance sheet, representing revenue that has been earned but not yet received.

    • Accrued expenses are recorded as a current liability on the balance sheet, representing expenses that have been incurred but not yet paid.

    • Accrued income increases the...

  • Answered by AI
  • Q7. Mat and its application
  • Ans. 

    MAT stands for Market Access Tool, used in finance for analyzing market trends and making investment decisions.

    • MAT is a software tool that helps finance professionals analyze market data and trends.

    • It can be used to track stock prices, monitor market volatility, and make informed investment decisions.

    • MAT may also include features for risk management and portfolio optimization.

    • Examples of MAT tools include Bloomberg Ter

  • Answered by AI
  • Q8. What is going concern concept and matching concept
  • Ans. 

    Going concern concept is the assumption that a company will continue to operate in the foreseeable future, while matching concept is the principle of matching expenses with revenues in the same accounting period.

    • Going concern concept assumes that a company will continue to operate for the foreseeable future without the need to liquidate assets or be forced out of business.

    • Matching concept states that expenses should be...

  • Answered by AI
  • Q9. What is prepain income and prepaid expenses
  • Ans. 

    Prepaid income is income received in advance, while prepaid expenses are expenses paid in advance.

    • Prepaid income is income received before it is earned, such as subscription fees paid in advance.

    • Prepaid expenses are expenses paid for in advance, like insurance premiums or rent.

    • Both prepaid income and prepaid expenses are recorded as assets on the balance sheet until they are earned or used.

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Jan 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Basic questions about past experience
  • Q2. Knowledge and product test

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident while answering the questions. Do some company research before going for an interview.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-

I applied via campus placement at Indian Institute of Management (IIM), Kolkatta

Round 1 - One-on-one 

(1 Question)

  • Q1. Quantitative Puzzles
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Apr 2023. There was 1 interview round.

Round 1 - Assignment 

A case study was given to solve and questions were asked

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I was interviewed in Aug 2023.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. 1.Accouting concepts 2.Ficticious assets 3.BRS 4.GST 5.TDS RATES 6.GST TDS DUE DATES 7.INCOME TAX DUE DATE
Round 3 - One-on-one 

(2 Questions)

  • Q1. Fictitious assets
  • Q2. Accounting principles

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through basics to advanced level in theoretical accounting and practical accounting and also law and compliance
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Jan 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Basic questions about past experience
  • Q2. Knowledge and product test

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident while answering the questions. Do some company research before going for an interview.
Interview experience
3
Average
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
No response

I applied via Company Website and was interviewed in Feb 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Do not use an unprofessional email address such as cool_boy@email.com. It shows a lack of professionalism by the candidate.
View all tips
Round 2 - Aptitude Test 

Reasoning, data interpretation, no english, duration - 45mins

Round 3 - HR 

(2 Questions)

  • Q1. Tell me about yourself why you have chose this role
  • Ans. 

    I am a financial analyst with a passion for numbers and problem-solving. I chose this role because of my strong analytical skills and interest in the financial industry.

    • I have always been fascinated by numbers and enjoy working with data

    • I have a strong analytical mindset and enjoy solving complex financial problems

    • I have a keen interest in the financial industry and want to contribute to its growth

    • I have a solid unders...

  • Answered by AI
  • Q2. Do you think the era of social media influencers is short lived?
  • Ans. 

    No, social media influencers are here to stay.

    • Social media has become an integral part of our lives and will continue to be so.

    • Influencers have a huge impact on consumer behavior and brand marketing.

    • The industry is constantly evolving and adapting to changes.

    • Influencers are diversifying their content and expanding their reach.

    • Brands are investing more in influencer marketing than ever before.

    • Examples: Kylie Jenner, Pew

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be prepare well for the aptitude round, for each qns there will be negative mark.
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Be truthful in your resume. It is very easy to catch false or lies during the interview by asking basic questions.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. About Basics of accounting
  • Q2. What is BRS and Income tax due dates
  • Ans. 

    BRS stands for Bank Reconciliation Statement. Income tax due dates vary by country and type of taxpayer.

    • BRS is a statement prepared to reconcile the balance as per company's books with the balance as per bank statement.

    • Income tax due dates differ by country and type of taxpayer, usually falling on specific dates throughout the year.

    • For example, in the US, individual income tax returns are due by April 15th each year.

    • In...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through basics to advanced level in theoretical accounting and practical accounting and also law and compliance

I applied via Campus Placement

Round 1 - Aptitude Test 

2 sets each for Quant, DI and LR

Round 2 - Group Discussion 

10 students per group and 6 groups

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be precise on what you are speaking for GD and voila you are shortlisted for final round of one-to-interview which is more of technical then HR

Novac Technology Solutions Interview FAQs

How many rounds are there in Novac Technology Solutions Finance Executive interview?
Novac Technology Solutions interview process usually has 1 rounds. The most common rounds in the Novac Technology Solutions interview process are One-on-one Round.

Tell us how to improve this page.

Novac Technology Solutions Finance Executive Interview Process

based on 1 interview

Interview experience

5
  
Excellent
View more
Software Engineer
581 salaries
unlock blur

₹2.2 L/yr - ₹6 L/yr

Senior Software Engineer
343 salaries
unlock blur

₹3 L/yr - ₹10 L/yr

Associate
188 salaries
unlock blur

₹1 L/yr - ₹4 L/yr

Associate Project Manager
141 salaries
unlock blur

₹4.9 L/yr - ₹11.6 L/yr

Test Engineer
126 salaries
unlock blur

₹2 L/yr - ₹5 L/yr

Explore more salaries
Compare Novac Technology Solutions with

Infosys

3.6
Compare

TCS

3.7
Compare

Wipro

3.7
Compare

HCLTech

3.5
Compare
Did you find this page helpful?
Yes No
write
Share an Interview