Wells Fargo Accountant Interview Questions and Answers

Q1. Accounting Standards
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Q2. International financial reporting
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Q1. Tell me about yoursel
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Q2. Accounting related
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An aptitude test measures your capabilities in specific areas.

True-or-false. True-or-false questions can be useful in all three types of interview assessment tests.

Q1. Behavioral interview questions are questions based on how you acted in a specific situation.
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Q2. Give us an example of a goal you failed to meet, and how you handled the situation.
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Q1. About yourself and why do you want to leave your current job
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Q1. What is P2P Cycle and when AP work start?
Ans. 
P2P Cycle is Procure to Pay Cycle. AP work starts after the purchase order is received and goods/services are delivered.
• P2P Cycle involves the entire process of procuring goods or services, from identifying the need to paying the supplier.

• The cycle includes steps like requisition, purchase order, goods receipt, invoice receipt, and payment.

• AP work starts after the goods or services are received and the invoice is recei...read more
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Problem solving, decision making, numerical ability

Q1. Which shift would you prefer to work?
Ans. 
I would prefer to work the day shift.
• I am most productive during the day and prefer to have my evenings free.

• I enjoy working in a well-lit environment and find it easier to focus during daylight hours.

• I am comfortable with the typical working hours of a day shift, which usually start in the morning and end in the late afternoon.

• I am able to maintain a better work-life balance with a day shift as it allows me to spend q...read more
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Q1. Introduction questions
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Q2. Why we should hire you?
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There was one online exam

Q1. Type of derivatives
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be categorized into options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

• Forwar...read more
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Q2. What is NAV and its formula
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NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.
• NAV is calculated by subtracting the total value of a fund's liabilities from the total value of its assets.

• The formula for NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund or ETF.
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