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Virtusa Consulting Services Finance Executive Interview Questions, Process, and Tips

Updated 13 Jan 2025

Virtusa Consulting Services Finance Executive Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Dec 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

Online assessment (Technical, English, Reasoning)

Round 2 - Technical 

(6 Questions)

  • Q1. Difference between Balance sheet and trial balance
  • Ans. 

    Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.

    • Balance sheet is a snapshot of a company's financial position at a specific point in time.

    • Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.

    • Balance sheet includes assets, liabilities, and equity sections.

    • Trial balance is used to prep...

  • Answered by AI
  • Q2. Standard costing formula
  • Ans. 

    Standard costing formula calculates the expected cost of a product based on predetermined standards.

    • Standard costing formula includes direct materials, direct labor, and overhead costs.

    • It helps in comparing actual costs with standard costs to identify variances.

    • Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs

  • Answered by AI
  • Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
  • Ans. 

    Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.

    • Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

    • Accruals are expenses incurred but not yet paid or revenue earned but not yet received.

    • Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...

  • Answered by AI
  • Q4. Case study on Ind AS 115
  • Q5. Preparation of balance sheet and computation of various ratios
  • Ans. 

    Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.

    • List all assets, liabilities, and equity on the balance sheet

    • Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity

    • Use formulae like Current Ratio = Current Assets / Current Liabilities

    • Interpret the ratios to analyze the financial he

  • Answered by AI
  • Q6. Accounting principles
Round 3 - Technical 

(6 Questions)

  • Q1. What is DTA and DTL
  • Ans. 

    DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.

    • DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.

    • DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.

    • DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.

    • DTL arises when a c...

  • Answered by AI
  • Q2. Accounting entry for accumulated depreciation
  • Ans. 

    Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.

    • Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.

    • The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...

  • Answered by AI
  • Q3. Few resume based questions
  • Q4. Standard costing formula
  • Ans. 

    Standard costing formula calculates the expected cost of a product based on predetermined standards.

    • Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost

    • Standard cost of direct materials = Standard quantity of materials x Standard price per unit

    • Standard cost of direct labor = Standard hours of labor x Standard rate per hour

    • Standard manufactur...

  • Answered by AI
  • Q5. Difference between budgeting and forecasting
  • Ans. 

    Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.

    • Budgeting is a plan for how to allocate resources and achieve financial goals

    • Forecasting predicts future financial outcomes based on past data and trends

    • Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis

    • Budget...

  • Answered by AI
  • Q6. Meaning of variance analysis
  • Ans. 

    Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.

    • Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.

    • It involves comparing actual financial performance with budgeted or standard performance.

    • Common types of variances include price variance, quantity variance, and mix variance.

    • Variance analy...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - It was an on campus recruitment. (CMA Campus Placements)
First technical interview was for 45 - 50 mins
Second technical interview was for 20 mins

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed before Mar 2024.

Round 1 - Aptitude Test 

The aptitude round consists of 20 questions with a time limit of 45 minutes, and you need to answer at least 15 questions correctly to qualify for the next round.

Round 2 - Group Discussion 

They will evaluate who is active and quick to respond, so it is advisable to answer promptly.

Round 3 - One-on-one 

(2 Questions)

  • Q1. When was the last time you used a map, and what was the purpose?
  • Q2. How accurate do you find Google Maps, and have you provided any suggestions for improvement?

Analyst Interview Questions & Answers

Wipro user image Anonymous

posted on 18 Feb 2025

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Jan 2025.

Round 1 - Aptitude Test 

Basic Excel and reasoning questions.

Round 2 - Technical 

(1 Question)

  • Q1. Sql, tableau & excel related questions
Round 3 - HR 

(1 Question)

  • Q1. Salary discussion
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

GOOD EXPERIENCE - 10 MIN INTERVIEW

Round 2 - Aptitude Test 

EASY EXPERIENCE - 10 MIN INTERVIEW JAVA REALETD

Round 3 - One-on-one 

(2 Questions)

  • Q1. INRODUCE YOURSLEF
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • Experienced in data analysis and interpretation

    • Skilled in using various analytical tools and software

    • Strong attention to detail and accuracy in work

    • Excellent problem-solving skills

  • Answered by AI
  • Q2. FAMILY BACKGROUND
Round 4 - Group Discussion 

Artifical Intelligence

Round 5 - Assignment 

Maths, englkisg, coding

Round 6 - Coding Test 

Abap, python, hard ques

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
2-4 weeks
Result
Selected Selected

I was interviewed before Feb 2024.

Round 1 - Aptitude Test 

One hour allocated for the non-technical test.

Round 2 - HR 

(1 Question)

  • Q1. Why do you want to join Accenture?
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(4 Questions)

  • Q1. Tell me about your self
  • Q2. Education Background
  • Q3. Latest Projects
  • Q4. Technical skills assessment

I applied via Recruitment Consultant and was interviewed before Sep 2020. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. 1. Why do you want to change?
  • Q2. 2. What is your goal?
  • Q3. 3. Critical project you have handled?

Interview Preparation Tips

Interview preparation tips for other job seekers - Always be yourself and provide short and to the point answer

I applied via Campus Placement and was interviewed before May 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - It was an good experience

I applied via Naukri.com and was interviewed before Apr 2020. There were 5 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Basic questions only ... regarding job and experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident ... always say the truth ... never try to fake your details

I applied via Recruitment Consultant and was interviewed before Apr 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Take about a chalanging task you did and how you handled it

Interview Preparation Tips

Interview preparation tips for other job seekers - Softskills is very important for getting in to ITIS sector. you clear softskills round you are almost there.
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Virtusa Consulting Services Interview FAQs

How many rounds are there in Virtusa Consulting Services Finance Executive interview?
Virtusa Consulting Services interview process usually has 3 rounds. The most common rounds in the Virtusa Consulting Services interview process are Technical and Aptitude Test.
What are the top questions asked in Virtusa Consulting Services Finance Executive interview?

Some of the top questions asked at the Virtusa Consulting Services Finance Executive interview -

  1. Journal entries for Prepaid Accruals Depreciation with accumulated depreciat...read more
  2. Preparation of balance sheet and computation of various rat...read more
  3. Difference between Balance sheet and trial bala...read more

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Virtusa Consulting Services Finance Executive Interview Process

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Excellent
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₹3.2 L/yr - ₹5.5 L/yr
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