SLA Finserv Financial Advisor Manager Interview Questions and Answers

An aptitude test is beneficial for assessing knowledge.

Q1. What is the process for preparing a balance sheet and a profit and loss account?
Ans. 
The process for preparing a balance sheet and a profit and loss account involves gathering financial data, organizing it into categories, calculating totals, and analyzing the results.
• Gather financial data including assets, liabilities, and equity for the balance sheet.

• Organize the data into categories such as current assets, fixed assets, current liabilities, etc.

• Calculate totals for each category to determine the ove...read more
Answered by AI
Add your answer
Q2. What is the process for preparing a revenue account?
Ans. 
The process for preparing a revenue account involves recording all income earned by a business during a specific period.
• Gather all relevant financial documents such as sales invoices, receipts, and bank statements.

• Calculate the total revenue earned by adding up all income sources.

• Record the revenue in the appropriate accounting software or ledger.

• Ensure all revenue is accurately categorized and any adjustments are made...read more
Answered by AI
Add your answer

Basic Aptitude test with Quants, Reasoning, and reading comprehension with 30 questions each

Very Basic Level, three questions like finding whether a number is prime or not and adding two numbers

Q1. Introduce yourself
Ans. 
I am a financial analyst with expertise in financial planning, analysis, and reporting.
• I have a Bachelor's degree in Finance and have been working in the finance industry for 5 years.

• I have experience in budgeting, forecasting, and financial modeling.

• I am skilled in using financial software and tools such as Excel, SAP, and Tableau.

• I have a strong attention to detail and can analyze complex financial data to provide in...read more
Answered by AI
Add your answer
Q2. Why do you want to join this job with an engineering background
Ans. 
I believe my engineering background provides me with a unique perspective and skill set that can be valuable in the financial analyst role.
• My engineering background has equipped me with strong analytical and problem-solving skills, which are essential in financial analysis.

• I have a solid foundation in mathematics and statistics, which are crucial for analyzing financial data and making accurate projections.

• Engineering ...read more
Answered by AI
Add your answer
Q3. You don't have any foundation in finance. How will you cope?
Ans. 
I will cope by leveraging my strong analytical skills and willingness to learn.
• I have a strong background in quantitative analysis, which is applicable to finance.

• I am a quick learner and have a track record of quickly grasping complex concepts.

• I am willing to invest time and effort in self-study and taking relevant courses.

• I will seek guidance and mentorship from experienced finance professionals.

• I will leverage my pr...read more
Answered by AI
Add your answer
Q4. What did you learn from your engineering years
Ans. 
During my engineering years, I learned problem-solving skills, analytical thinking, and attention to detail.
• Developed strong problem-solving skills through complex engineering projects

• Enhanced analytical thinking by analyzing data and making informed decisions

• Learned to pay attention to detail to ensure accuracy and precision in engineering designs

• Gained experience in working collaboratively in teams to achieve project
Answered by AI
Add your answer
Q5. Do you know basic-level Excel
Ans. 
Yes, I have basic-level Excel knowledge.
• I am proficient in basic Excel functions such as data entry, formatting, and basic formulas.

• I can create and edit spreadsheets, charts, and graphs.

• I have experience with functions such as SUM, AVERAGE, and IF statements.

• I am familiar with Excel shortcuts and can work efficiently with the software.
Answered by AI
Add your answer