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Skolar Finance Trainee Interview Questions and Answers
Skolar Finance Trainee Interview Experiences
1 interview found
Nuke Gaming
I applied via Campus Placement and was interviewed in Dec 2023. There were 2 interview rounds.
(2 Questions)
- Q1. What is your aim?
- Ans.
My aim is to become a successful finance professional by continuously learning and growing in the field.
To gain practical experience in financial analysis and reporting
To develop strong analytical and problem-solving skills
To eventually become a certified financial analyst (CFA)
- Q2. Why do you wan to join?
Easy to moderate difficulty
Interview questions from similar companies
Anonymous
(5 Questions)
- Q1. Explain budgeting
- Ans.
Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.
Involves estimating income and expenses
Setting financial goals
Monitoring actual performance against the budget
Adjusting the budget as needed
Common types include operating budgets, capital budgets, and cash budgets
- Q2. Explain forecasting
- Ans.
Forecasting is the process of making predictions about future trends based on past and present data.
Forecasting involves analyzing historical data to identify patterns and trends
Different methods such as qualitative and quantitative analysis can be used for forecasting
Common techniques include time series analysis, regression analysis, and econometric modeling
Forecasting helps businesses make informed decisions and pla...
- Q3. Explain revenue recognition
- Ans.
Revenue recognition is the process of recording revenue in a company's financial statements when it is earned.
Revenue is recognized when it is realized or realizable and earned, regardless of when cash is received.
It is important to match revenues with expenses in the period they are incurred to accurately reflect the financial performance of a company.
Different industries may have specific guidelines for revenue recog...
- Q4. Rent accured ledger entry
- Q5. Why is asset recognised or depreciated in balance sheet
- Ans.
Assets are recognized in the balance sheet to reflect the company's resources and their value, while depreciation is recorded to allocate the cost of assets over their useful life.
Assets are recognized in the balance sheet to show the company's resources and their value.
Depreciation is recorded to allocate the cost of assets over their useful life.
Recognizing assets and depreciating them helps in accurately reflecting ...
Rahul Beri
(2 Questions)
- Q1. Account payable?
- Q2. Difference between Profit & Revenue
(2 Questions)
- Q1. What is contingent liabilities
- Ans.
Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.
They are dependent on a future event occurring or not occurring.
Examples include lawsuits, warranties, and guarantees.
If the contingent liability is probable and the amount can be estimated, it should be recor
- Q2. What is provision
- Ans.
Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
Provision is a liability that is recognized on the balance sheet.
It is used to account for potential future expenses or losses that are uncertain but likely to occur.
Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
Interview Preparation Tips
Skills evaluated in this interview
I applied via Company Website and was interviewed in Feb 2024. There were 6 interview rounds.
FINANCE and social medias, politicals
(2 Questions)
- Q1. Basic Finance questions
- Q2. FINANCE services
(1 Question)
- Q1. Finance and development organisation
Basic communication skills
(1 Question)
- Q1. Ask to resume model
(1 Question)
- Q1. Ask to knowledge skills for financial
Interview Preparation Tips
- Finance
- Financial Planning
- Financial Modelling
If I am given the opportunity to work in your company, I guarantee that I will fulfil my responsibilities to the complete satisfaction of my superiors.
(2 Questions)
- Q1. Self introduction
- Q2. What is finance
- Ans.
Finance is the management of money and other assets, including investments, budgeting, and financial planning.
Finance involves managing money and assets to achieve financial goals.
It includes activities such as budgeting, investing, and financial planning.
Finance helps individuals and organizations make informed financial decisions.
Examples of finance include managing a company's cash flow, investing in stocks and bond
(2 Questions)
- Q1. What do you know about ICICI sales
- Ans.
ICICI sales refers to the sales activities and strategies of ICICI Bank, one of the largest private sector banks in India.
ICICI Bank offers a wide range of financial products and services to individual and corporate customers.
The bank utilizes various channels such as branches, online platforms, and mobile apps to drive sales.
ICICI Bank often runs promotional campaigns and offers discounts to attract new customers and ...
- Q2. What do you know about your local area
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Nov 2024. There were 2 interview rounds.
Its related to accounting concepts
(1 Question)
- Q1. Anything can related to accounts
Selected
I was interviewed in Jan 2024.
(5 Questions)
- Q1. Tell me about yourself
- Q2. Basic questions about finance
- Q3. What exactly are you looking for in this internship?
- Q4. Available to join immediately
- Q5. About previous job/internship & certifications if any!
s n harish
(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
Expertise in financial modeling and forecasting
Proven track record of driving profitability and growth
Strong leadership and communication skills
Previously worked as a Finance Manager at XYZ Company
- Q2. What is accounting
- Ans.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions such as sales, purchases, and expenses.
It includes summarizing the financial data into financial statements like balance sheets and income statements.
Accounting also involves analyzing the financial information to provide insights for decision-making.
Rep...
It represents a person's level of competency to perform a certain type of task. Aptitude tests are often used to assess academic potential or career suitability and may be used to assess either mental or physical talent in a variety Domains
(4 Questions)
- Q1. Asking many questions like introduction
- Q2. What is your Qualification
- Q3. Related to our qualification background
- Q4. Our skills and knowledge cheking
Involve working through a business problem or scenario with the interviewer to reach a logical conclusion.
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