Societe Generale Global Solution Centre Financial Analyst Interview Questions, Process, and Tips

Q1. Account payable?
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Q2. Difference between Profit & Revenue
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Q1. What is contingent liabilities
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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
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Q2. What is provision
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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.
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Tell me about your self.
What is capital Market

Q1. Share yours experience
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Q2. What is money market?
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Money market refers to a segment of the financial market where short-term borrowing and lending of funds occur.
• Money market instruments include Treasury bills, commercial paper, certificates of deposit, and repurchase agreements.

• Participants in the money market include governments, financial institutions, corporations, and individual investors.

• Money market provides liquidity and short-term funding for various entities.

• ...read more
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Q3. What is capital Market
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Capital market is a financial market where individuals and institutions trade financial securities.
• Capital market facilitates the buying and selling of long-term debt and equity instruments.

• It includes stock markets and bond markets.

• Investors can raise capital by issuing stocks or bonds in the capital market.

• Examples of capital market institutions include stock exchanges like NYSE and NASDAQ.
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Q4. Golden rules of account
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Golden rules of accounting are basic principles that guide the preparation of financial statements.
• The accounting equation must always balance: Assets = Liabilities + Equity

• Every transaction should be recorded in the books of accounts

• Separate personal and business transactions

• Consistency in accounting methods and policies

• Accrual basis of accounting should be followed
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Q1. Share your experience
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Q2. Golden rules of account
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rules include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified.

• For example, when a company receives cash from a customer, the...read more
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Its related to accounting concepts

Q1. Anything can related to accounts
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Q1. What is the capital market?
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Q1. About revenue recognition
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Q2. Forecasting, Budgeting
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