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I was interviewed in Oct 2024.
Basic Financial Accounting concepts
Email Writing
Logical Reasoning
Line items in an Income Statement include revenues, expenses, gains, and losses.
Revenue: Sales of goods or services
Cost of Goods Sold (COGS): Direct costs related to producing goods sold
Gross Profit: Revenue minus COGS
Operating Expenses: Costs related to running the business (e.g. salaries, rent)
Operating Income: Gross profit minus operating expenses
Interest Expense: Cost of borrowing money
Net Income: Total profit afte...
Investment banking involves providing financial advisory services to corporations, governments, and other institutions for raising capital, mergers and acquisitions, and other financial transactions.
Helps companies raise capital through issuing stocks or bonds
Assists in mergers and acquisitions by providing valuation and negotiation services
Provides financial advisory services for various transactions such as IPOs, deb...
Share buybacks impact financial statements by reducing outstanding shares, increasing EPS, and affecting cash flow.
Share buybacks reduce the number of outstanding shares on the balance sheet.
This can increase earnings per share (EPS) as the same amount of earnings is distributed among fewer shares.
On the income statement, share buybacks can lead to higher EPS and potentially higher stock prices.
Share buybacks can also ...
Bonus share issue impacts financial statements by increasing equity on balance sheet, reducing retained earnings, and affecting earnings per share.
Increase in equity on balance sheet due to additional shares issued at no cost
Reduction in retained earnings as company's profits are distributed among more shareholders
Impact on earnings per share as number of shares outstanding increases
FCFF is the cash flow available to all providers of capital, while FCFE is the cash flow available to equity shareholders.
FCFF includes debt and equity holders, while FCFE only includes equity holders.
FCFF is used to value the firm as a whole, while FCFE is used to value equity.
FCFF is calculated as EBIT(1-Tax Rate) + Depreciation - Capex - Change in Working Capital, while FCFE is calculated as FCFF - Interest(1-Tax Ra...
I applied via campus placement at Christ University, Bangalore and was interviewed in Aug 2024. There were 2 interview rounds.
Basic quants, accounting and general ability
EPS stands for earnings per share, which is a company's profit divided by the number of outstanding shares. Diluted equity refers to the total value of a company's shares if all potential shares were converted into common stock.
EPS is calculated by dividing a company's net income by the number of outstanding shares.
Diluted equity takes into account potential shares that could be converted into common stock, such as sto...
Enterprise value is a measure of a company's total value, taking into account its market capitalization, debt, and cash.
Enterprise value = Market capitalization + Total debt - Cash and cash equivalents
It represents the total value of a company that would need to be paid by an acquirer in a takeover
EV is used to compare companies with different capital structures or levels of debt
It is a more comprehensive measure than
Verity Knowledge Solutions interview questions for popular designations
Beta is a measure of a stock's volatility in relation to the market. There are three types of beta: levered beta, unlevered beta, and adjusted beta.
Beta measures a stock's volatility in relation to the market. A beta of 1 means the stock moves in line with the market, while a beta greater than 1 is more volatile and less than 1 is less volatile.
Levered beta includes the effects of debt on a company's capital structure.
...
Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.
Cost of capital is the weighted average cost of debt and equity used by a company to finance its operations.
It is the minimum return that a company must earn on its investments to maintain its market value and attract investors.
Calculating cost of capital involves determining the cost of debt...
Comparable company analysis involves evaluating a company's value by comparing it to similar companies in the same industry.
Identify comparable companies based on industry, size, growth prospects, and financial metrics.
Collect data on key financial metrics such as revenue, EBITDA, and multiples like P/E ratio.
Calculate valuation multiples for the comparable companies and apply them to the target company to estimate its...
Get interview-ready with Top Verity Knowledge Solutions Interview Questions
I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
I have a Bachelor's degree in Statistics and have completed multiple data analysis projects during my studies.
I am proficient in using statistical software such as R and Python for data analysis.
I have experience in conducting market research and creating reports to help businesses make informed decisions.
I am a q...
Cash flow, profit and loss, and balance sheet are interconnected financial statements that provide a comprehensive view of a company's financial health.
Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
Profit and loss statement shows the company's revenues, expenses, and profits over a specific period.
Balance sheet provides a snapshot of a company's financial p...
I applied via campus placement at Jain Institute of Management Studies (A Division of Sri Bhagawan Mahaveer Jain educational Trust), Jaipur and was interviewed in Dec 2023. There was 1 interview round.
The 3 financial statements are the income statement, balance sheet, and cash flow statement.
Income statement shows a company's revenues and expenses over a period of time.
Balance sheet provides a snapshot of a company's financial position at a specific point in time.
Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
Straight-line depreciation: Allocates an equal amount of depreciation expense each year.
Double declining balance: Accelerates depreciation by applying a fixed rate to the book value of the asset.
Units of production: Depreciation is based on the actual usage or production of the asset.
Sum-of-the-years-...
Balance sheet components include assets, liabilities, and equity.
Assets: Resources owned by the company such as cash, inventory, and property.
Liabilities: Debts and obligations owed by the company such as loans and accounts payable.
Equity: Represents the owner's stake in the company's assets after deducting liabilities.
Balance sheet equation: Assets = Liabilities + Equity.
I applied via Referral and was interviewed before Nov 2023. There were 2 interview rounds.
I applied via Recruitment Consulltant and was interviewed in Jul 2023. There were 3 interview rounds.
I applied via campus placement at National Institute of Technology (NIT), Tiruchirappalli and was interviewed in Jun 2023. There were 2 interview rounds.
JIT manufacturing, or Just-in-Time manufacturing, is a production strategy that focuses on producing goods or services at the exact time they are needed.
JIT manufacturing aims to minimize inventory and reduce waste by producing goods only when they are required.
It relies on accurate demand forecasting and efficient supply chain management.
By implementing JIT manufacturing, companies can save costs associated with exces...
I have always been fascinated by the intricate workings of the financial banking industry.
I am drawn to the complexity and challenges of analyzing financial data.
I find the impact of financial decisions on businesses and individuals intriguing.
I enjoy working with numbers and using data to uncover insights and make informed decisions.
I appreciate the stability and growth opportunities that the financial banking sector ...
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