10+ Geeta Public School Interview Questions and Answers

State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.

• State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.

• The company has a strong global presence with offices in over 100 locations worldwide.

• State Street is known for its expertise in asset management, offering a wide range of investment solut...read more

Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.

• Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.

• Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.

• Subcategories of assets include current assets (e.g., cash, accounts receivable) and non-current assets (e.g.,...read more

Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.

• Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.

• Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.

• Management fees are typically calculated as a percentage of t...read more

Capstock refers to the total value of a company's outstanding shares of stock.

• Capstock is the market value of a company's equity capital.

• It represents the total value of all the company's shares of stock.

• Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.

• It is an important metric for investors and analysts to assess the overall value of a company.

• Subscription refers to the process of purchasing new shares of ...read more

NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.

• NAV is calculated by subtracting the fund's liabilities from its assets.

• Assets include investments, cash, and receivables, while liabilities include expenses and payables.

• NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.

• NAV is typically calculated on a daily basis for mutual funds and other investment vehicles.

• Example: If a fund has $...read more

Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.

• Accounting rules ensure consistency and accuracy in financial reporting.

• They provide a framework for recording and classifying transactions.

• Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting Principles (GAAP) in the United States.

• Traditional accounti...read more

Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.

• Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.

• Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.

• Dividends: Distribution of a portion of a company's earnings to its shareholders.

• Mergers and acquisitions: When two companies combine or one company acquires another....read more

GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.

• GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.

• NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expenses.

• GAV is calculated by adding up the market value of all i...read more

Capstock can affect the NAV by impacting the valuation of the fund's investments.

• Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.

• If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.

• An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as the overall value of the fund's investments rises.

• Conversel...read more

Yes, I have extensive knowledge of MS-Excel.

• I am proficient in using Excel for financial analysis and reporting.

• I have experience in creating complex financial models using Excel.

• I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.

• I have used Excel to prepare financial statements and reconcile accounts.

• I am comfortable working with large data sets in Excel and have experience in data analysis.

DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.

• DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.

• CR stands for credit, which represents a decrease in assets or an increase in liabilities or equity.

• Ledger is a book t...read more

Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.

• It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.

• It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.

• Fund accountants ensure compliance with regulatory requirements and provide accurate and timely financial information to stakeholders.

• Examples of organ...read more

Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.

• Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.

• Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.

• Equity holders have a higher risk and potential for higher returns compared to bondholders.

• Examples of equity include common stock, while examples of b...read more

Fund accounting is a specialized accounting system used by investment companies to track and manage their portfolio of investments.

• It involves tracking the performance of individual investments and calculating the net asset value (NAV) of the fund.

• It also involves ensuring compliance with regulatory requirements and preparing financial statements for investors.

• Examples of investment companies that use fund accounting include mutual funds, hedge funds, and private equity firms...read more

Yes, dividends impact NAV (Net Asset Value).

• Dividends are a distribution of a portion of a company's earnings to its shareholders.

• When a company pays out dividends, it reduces its retained earnings and cash balance.

• As a result, the NAV of a fund that holds shares of the company will decrease.

• The impact of dividends on NAV depends on the size of the dividend and the fund's holdings.

• For example, if a fund holds a significant amount of shares in a company that pays a large divid...read more