Pierian Services Financial Controller Interview Questions and Answers

Q1. No major technical questions asked
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Q1. MD round non technical
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Q1. Questions about team handling
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Q1. Current role and responsibilities
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Q2. Salary expectations and location
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Q1. About project you worked and outcomes
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Q2. Leadership qualities
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Q1. Tell me about yourself
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Domain based test was conducted

Q1. Domain based test were conducted
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Q2. Domain based questions were asked
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Q1. About experience and what you will be doing.
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Q2. How will you manage pressure
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Q3. Why do you want to join Mercer?
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Q1. General round as all HR rounds
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Q1. What is cash flow statement, budgeting, forecasting Examples of cash flow statements
Ans. 
Cash flow statement shows the inflow and outflow of cash, budgeting is planning for future expenses, forecasting is predicting financial outcomes.
• Cash flow statement shows the sources and uses of cash in a business

• Budgeting involves setting financial goals and creating a plan to achieve them

• Forecasting involves predicting future financial outcomes based on historical data

• Examples of cash flow statements include operati...read more
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Q1. Salary expectations
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Accounting related questions

Q1. Questions related to RTR accounting, IFRS and US GAAP
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Q2. What is lease accounting
Ans. 
Lease accounting refers to the accounting treatment of lease agreements by lessees and lessors.
• Lease accounting involves recognizing lease assets and liabilities on the balance sheet.

• There are two main types of leases: operating leases and finance leases.

• Under operating leases, lease payments are expensed on the income statement.

• Finance leases are treated as a purchase of the leased asset, with depreciation and interes...read more
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Q3. Process of month end
Ans. 
Month end process involves closing financial books, reconciling accounts, preparing financial statements, and analyzing variances.
• Close financial books by recording all transactions for the month

• Reconcile accounts to ensure accuracy and completeness of financial data

• Prepare financial statements such as income statement, balance sheet, and cash flow statement

• Analyze variances between actual and budgeted figures to ident
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Q4. What are prepayments
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Prepayments are payments made in advance for goods or services that will be received in the future.
• Prepayments are typically made to secure a future service or product.

• They are recorded as assets on the balance sheet until the service or product is received.

• Common examples include rent payments, insurance premiums, and magazine subscriptions.
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Q1. Package discussion
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