Spicejet Analyst Interview Questions and Answers

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Q1. Easy questions were asked to check
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Q1. Airline network case study. It was a good round and I enjoyed it. The interviewer has been working in Air India since many years. He was helpful during the interview and made me comfortable.
Ans. I answered the case study with my previous experience in aviation. It was about Origin and Destination points in a flight route and also about solving low seat factor issues. This position was in Commercial Planning and Performance department and I appreciate the support shown by the interviewer.
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Q1. Round 2 by another manager.(ex- Indigo).....how do you manage your expenses? i know you are desperate for a job!! when did you complete your schooling? how did you pay your university fees? father bhi reti...read more
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Q1. What do you best like about your role?
Ans. 
I enjoy the variety of challenges and problem-solving involved in analyzing business processes.
• I love the opportunity to work with stakeholders from different departments to understand their needs and goals.

• I find satisfaction in identifying inefficiencies in current processes and proposing solutions for improvement.

• I appreciate the analytical aspect of the role, where I get to dive deep into data to uncover insights t...read more
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Q2. What so you dislike about your role?
Ans. 
I dislike the lack of clear direction and constantly changing priorities in my role.
• Lack of clear direction from management

• Constantly changing priorities make it difficult to focus

• Feeling overwhelmed by the volume of work and expectations

• Limited opportunities for growth and advancement
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Q1. Question on Ind AS 116
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Q2. Changes in Financials Disclosure
Ans. 
Financial disclosure requirements have undergone changes.
• New regulations have been introduced to increase transparency and accountability.

• Companies are now required to disclose more information about their financial performance and risks.

• Changes include new reporting standards, increased frequency of reporting, and more detailed disclosures.

• Examples of changes include the adoption of IFRS 9 and 15, and the introduction...read more
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Q1. What is Accounts Payable?
Ans. 
Accounts Payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts Payable is a liability on the balance sheet

• It represents the company's obligation to pay off short-term debts to suppliers

• Examples include invoices from vendors for inventory purchases or services rendered
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Q1. Few journal entries
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Q2. Deep dive of accounts payable.
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