Omnicom Media Group Finance Executive Interview Questions and Answers

Q1. About your profile
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Q2. Achievements in previous company
Ans. 
Implemented cost-saving measures resulting in 20% reduction in department expenses.
• Implemented new budgeting system to track expenses more efficiently

• Negotiated better vendor contracts to lower costs

• Streamlined processes to eliminate waste and improve productivity
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Related to Quant, English and reasoning
The level of questions was not that much difficult

Q1. Questions related To finance and accounting like: journal entries of bad debt, provision of doubtful debt, Depreciation enteries and all Balance sheet Some Ratios
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Q2. Balance sheet, cash flow normal accounting questions
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Q1. Have you, in the past handled a situation where you had taken an initiative to change and improvise the current business process, and what was the outcome.
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Q2. Ability to handle a team with dynamic and ambitious members.
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How do you feel if you win in an argument with your manager on a particular matter.

Q1. Knowledge on the role applied for, knowledge of the entity's business, casestudy, etc. It was a Vp level interview.
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Q1. Questions regarding acounting entries, Sale of fixed asset etc
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Q1. Same questions and salary negotiation
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Final account, ledger posting, journal entries, trial balance, management accounting.

Q1. 1.What do you know about finance management?
Ans. 
Finance management involves the planning, organizing, directing, and controlling of financial activities within an organization.
• It includes budgeting, financial analysis, forecasting, and financial reporting.

• Finance management aims to maximize the value of the organization by making informed financial decisions.

• It involves managing cash flow, investments, and risk.

• Financial analysts play a crucial role in finance manag...read more
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Q2. 2. What is accounts management?
Ans. 
Accounts management refers to the process of managing financial transactions and records of an organization.
• It involves maintaining accurate and up-to-date financial records

• It includes tasks such as bookkeeping, budgeting, and financial reporting

• Effective accounts management helps organizations make informed financial decisions

• Examples include managing accounts payable and receivable, reconciling bank statements, and p
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Q1. HOW TO DO BUDGETING or Forecating
Ans. 
Budgeting involves creating a financial plan for a specific period of time.
• Identify the time period for the budget

• Determine the sources of income

• Estimate expenses and allocate funds accordingly

• Regularly monitor and adjust the budget as needed
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Q1. What will you bring to org
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Q1. They asked about my work experience. Specific questions regarding what they wanted to me to work. Like entry related to Fixed Assets purchase, sale , capital gain etc.
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Q1. Salary Negotiation and about their company.
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