Panasonic Category Head Interview Questions and Answers for Experienced

1 hr. General Accounting, Case studies etc.

Q1. Generic question on FP&A
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Q2. Budget Vs. Forecast etc
Ans. 
Budget vs. Forecast involves comparing planned vs. predicted financial outcomes.
• Budget is a financial plan for a specific period, while forecast is a prediction of future financial outcomes.

• Budget is typically set at the beginning of a period, while forecasts are updated regularly based on new information.

• Budgets are usually more rigid and set in stone, while forecasts are more flexible and subject to change.

• Discrepanc...read more
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Q3. How to conduct budget
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Budgeting involves planning and managing financial resources to achieve organizational goals.
• Identify financial goals and objectives

• Estimate income and expenses

• Allocate funds to different departments or projects

• Monitor and track spending

• Adjust budget as needed based on actual financial performance
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Q4. Do you have any process transition exp
Ans. 
Yes, I have experience in process transition.
• Led a team through a software system upgrade

• Managed the transition of a project from development to production

• Implemented new processes for a more efficient workflow
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Q5. How to manage multiple stakeholders
Ans. 
Managing multiple stakeholders involves effective communication, prioritization, and relationship-building.
• Establish clear communication channels with each stakeholder

• Understand the needs and expectations of each stakeholder

• Prioritize stakeholders based on their impact on the project

• Build strong relationships with stakeholders through regular updates and feedback

• Resolve conflicts and address concerns promptly
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Q1. What kind of skills you have
Ans. 
I have a diverse range of skills including leadership, communication, problem-solving, and strategic planning.
• Leadership: I have successfully managed teams and projects, providing guidance and support to achieve goals.

• Communication: I am skilled in both written and verbal communication, able to effectively convey ideas and information.

• Problem-solving: I have a strong analytical mindset and can identify and resolve comp...read more
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Q2. Ask the question related subjects
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Q3. Explain the overall experience
Ans. 
The overall experience was highly rewarding and impactful.
• Successfully managed a team of 20 employees and achieved a 20% increase in productivity.

• Implemented new strategies that resulted in a 15% reduction in costs.

• Led a project that resulted in a 30% increase in customer satisfaction.

• Developed and maintained strong relationships with key stakeholders.

• Effectively resolved conflicts and promoted a positive work environm
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Q4. Define the process what you learn in current job
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The process of learning in my current job involves continuous learning, applying new knowledge, and reflecting on experiences.
• Continuous learning through attending workshops, webinars, and conferences

• Applying new knowledge by implementing new strategies and techniques in daily tasks

• Reflecting on experiences by analyzing successes and failures and identifying areas for improvement

• Seeking feedback from colleagues and sup
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Q1. They ask introduction ,about yourself. Family background
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Q2. Thay asked technical questions about past experience
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Q3. They asked about costing part for product
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Q1. Asking for work Experience
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Q2. Asking Old company experience
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Q1. Asking for work Experience
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Q2. Asking Old company experience
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Q1. What major change brought IND AS 115
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Q2. What is contingent liability
Ans. 
Contingent liability is a potential obligation that may arise in the future depending on the outcome of a specific event.
• It is a possible liability that may or may not occur in the future

• It depends on the outcome of a specific event

• It is recorded in the financial statements as a footnote

• Examples include pending lawsuits, warranties, and guarantees
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Q3. How do you deal with conflict with co-worker
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Q4. Difference between accrual and provision
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Accrual is recognition of revenue or expense before payment. Provision is an estimated expense or liability.
• Accrual is recognized when revenue or expense is incurred, regardless of payment.

• Provision is an estimated expense or liability that may or may not occur in the future.

• Accrual is a part of the accounting process, while provision is a part of financial planning.

• Examples of accrual include salaries payable and inte...read more
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Q1. Why should we hire you
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Q2. What is your strenght
Ans. 
My strength lies in my ability to lead and motivate teams towards achieving common goals.
• Effective communication skills

• Strong problem-solving abilities

• Ability to delegate tasks and responsibilities

• Experience in managing diverse teams

• Proven track record of achieving targets and deadlines
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Q1. Operations, manufacturing & PT making parts.
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Q1. Any thing related trade
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Q1. Tell me about yourself.
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Q2. I self shivanand bharati
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Q3. What is your qualifications
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Q4. Where are you belong.
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