State Street Corporation Financial Reporting Associate Interview Questions and Answers

Preparation of a balance sheet.
And excel function keys

Preparing Financial statements

Q1. Financial Instruments And Leases
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Q2. What is derivatives
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging against risk, speculating on price movements, or gaining exposure to assets without owning them.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives are often used in financial markets to manage risk or to leverage investment opportunities.

• The valu...read more
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Q3. What is options
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Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.
• Options can be call options (the right to buy) or put options (the right to sell).

• The specified price at which the asset can be bought or sold is known as the strike price.

• The specified date by which the option must be exercised is known as the expiration d...read more
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Q1. Accounting Entries
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Q2. What is markup?
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Markup is the difference between the cost of a product or service and its selling price.
• Markup is calculated by subtracting the cost of a product or service from its selling price.

• It is usually expressed as a percentage of the cost price.

• Markup is used by businesses to determine pricing strategies and profit margins.

• For example, if a product costs $50 and is sold for $70, the markup is $20 or 40%.
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Q1. Work related question
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Q2. How well we can take pressure
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I thrive under pressure and use it as motivation to perform at my best.
• I have experience working in fast-paced environments where deadlines were tight

• I am able to prioritize tasks effectively to manage stress and meet goals

• I remain calm and focused under pressure, allowing me to make sound decisions

• I have successfully handled high-pressure situations in the past, such as during quarterly financial reporting deadlines
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Q3. What we do day to day
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Q1. What Citi do? Citi related
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