Vodafone Idea Finance Specialist Interview Questions and Answers

Q1. What are your strengths and weaknesses
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Q2. How do you tackle contingent liability
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Contingent liabilities are potential liabilities that may arise in the future, such as lawsuits or warranties.
• Identify and assess the likelihood of the contingent liability occurring

• Estimate the potential financial impact of the liability

• Disclose the contingent liability in the financial statements

• Monitor and reassess the liability regularly
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Q1. Where do you see 5 years from know
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Q2. What leadership qualities do you hold
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Q1. Tell me about yourself
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Q2. Basic questions about finance
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Q3. What exactly are you looking for in this internship?
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Q4. Available to join immediately
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Q5. About previous job/internship & certifications if any!
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Q1. It bases on technical questions
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General Finance Test

Q1. IFRS 15 & accounting questions
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Q1. Behavioral Round
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Q1. Accounts, invoice
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Q1. Relating of accounts and tax
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Q1. Tell me about P2P process
Ans. 
P2P process refers to procure-to-pay process which involves all steps from purchasing goods/services to making payment.
• P2P process starts with requisitioning of goods/services by a department.

• Next step involves obtaining quotes, selecting a vendor, and creating a purchase order.

• Goods/services are received, invoices are matched with purchase orders, and payments are made.

• P2P process helps in streamlining procurement and...read more
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Q1. Question on standard costing I;e Material variance, price variance
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Q2. What will you do if there is significant variance in forecast and actual and management has asked to reduce the gap. What will you do?
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