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Wells Fargo Accountant Interview Questions and Answers

Updated 15 May 2024

Wells Fargo Accountant Interview Experiences

2 interviews found

Accountant Interview Questions & Answers

user image Anonymous

posted on 15 May 2024

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Talent to show the platform

Round 2 - Group Discussion 

It’s about to speak about 1 min of my village

Round 3 - HR 

(1 Question)

  • Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
  • Ans. 

    I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.

    • Golden rule of accounting: Debit the receiver, credit the giver

    • Bank reconciliation statement: Matching ...

  • Answered by AI

Accountant Interview Questions & Answers

user image Anonymous

posted on 1 Oct 2023

Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Aptitude question were there in first round

Round 3 - Technical 

(1 Question)

  • Q1. Accounting question were there in second round

Accountant Interview Questions Asked at Other Companies

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Q5. What is accountant and how many basic rules are there

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Talk me through your CV
  • Q2. Why do you want to work here
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Accounting Standards
  • Q2. International financial reporting
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about yoursel
  • Q2. Accounting related
Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Jul 2023. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

An aptitude test measures your capabilities in specific areas.

Round 3 - Assignment 

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

Round 4 - HR 

(2 Questions)

  • Q1. Behavioral interview questions are questions based on how you acted in a specific situation.
  • Q2. Give us an example of a goal you failed to meet, and how you handled the situation.

Interview Preparation Tips

Interview preparation tips for other job seekers - Make use of networking and both online and non-online job search opportunities.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
No response

I applied via AmbitionBox and was interviewed before Apr 2022. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. About yourself and why do you want to leave your current job
Round 2 - Technical 

(1 Question)

  • 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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Please go interview with preparation and also update yourself with current affairs.

I applied via Referral and was interviewed before Sep 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

Problem solving, decision making, numerical ability

Round 2 - Telephonic Call 

(1 Question)

  • 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...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Northern Trust Operating Services Accountant interview:
  • Accounting
Interview preparation tips for other job seekers - Have confidence and smile during interview when needed
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Basic accounting questions

Round 2 - Technical 

(3 Questions)

  • Q1. What is financial market
  • Q2. What is investment banking
  • Q3. What is Net Asset Value
Round 3 - One-on-one 

(3 Questions)

  • Q1. Tell me about yourself
  • Q2. Journal entries
  • Q3. Talk on current affairs

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn much about financial markets, securities, primary and secondary markets

I applied via Approached by Company and was interviewed in Sep 2022. There were 4 interview rounds.

Round 1 - Assignment 

Mostly asked about the basics of derivatives and corporate action adjustments in the books

Round 2 - Technical 

(6 Questions)

  • Q1. What was the journal entry for prepaid rent which has paid at beginning of the month for the whole year and entry at the end of month ?? Which is entry affects the networth??
  • Ans. First entry being debit prepaid rent and credit to bank and second entry at the end of the month would be debit rent expense and credit to prepaid rent. Second entry would affect the networth
  • Answered Anonymously
  • Q2. Why RBI increase Repo rate to control inflation ?
  • Ans. 

    RBI increases Repo rate to control inflation by reducing money supply and increasing cost of borrowing.

    • Repo rate is the rate at which RBI lends money to commercial banks.

    • When RBI increases Repo rate, it becomes expensive for banks to borrow money from RBI.

    • Banks then increase their lending rates to customers, which reduces borrowing and spending.

    • This reduces money supply in the economy, which helps in controlling inflat...

  • Answered by AI
  • Q3. What was difference between options and future?
  • Ans. 

    Options give the right but not the obligation to buy or sell an asset at a predetermined price, while futures require the buyer or seller to fulfill the contract at a specific date and price.

    • Options provide flexibility to the buyer as they can choose whether or not to exercise the option, while futures require the buyer or seller to fulfill the contract.

    • Options have a premium that the buyer pays to the seller for the r...

  • Answered by AI
  • Q4. What impact do share price have on issue of dividend ? And what was the reason behind it?
  • Ans. 

    The share price has an impact on the issue of dividends as it affects the dividend yield and the amount of cash paid out to shareholders.

    • Share price affects the dividend yield, which is calculated by dividing the annual dividend per share by the share price.

    • A higher share price reduces the dividend yield, making the stock less attractive to income-seeking investors.

    • Share price also affects the amount of cash paid out a...

  • Answered by AI
  • Q5. What is the entry for share purchased today which will be credited into demat on T+2?
  • Ans. 

    The entry for share purchased today credited into demat on T+2 is a debit to the cash account and a credit to the demat account.

    • Debit cash account

    • Credit demat account

    • Occurs on T+2

    • Reflects purchase of shares

  • Answered by AI
  • Q6. What is the technical term we use for the bond interest
  • Ans. 

    The technical term for bond interest is coupon rate.

    • Coupon rate is the fixed annual interest rate paid on a bond.

    • It is expressed as a percentage of the bond's face value.

    • For example, a bond with a face value of $1000 and a coupon rate of 5% will pay $50 in interest annually.

    • Coupon payments are usually made semi-annually or quarterly.

  • Answered by AI
Round 3 - Behavioral 

(2 Questions)

  • Q1. What was the developments that you would like to make in yourself
  • Q2. Describe yourself in three adjectives
Round 4 - HR 

(5 Questions)

  • Q1. Why should we hire you?
  • Q2. Why you chose Morgan Stanley?
  • Q3. Why you were interested in this role?
  • Q4. Why you chose this industry?
  • Q5. If you were offered more pay would you go to the competitior?

Interview Preparation Tips

Topics to prepare for Morgan Stanley Fund Accountant interview:
  • Derivatives
  • Bonds
  • Mutual Funds
  • Accounting
Interview preparation tips for other job seekers - Prepare well for technical round and practice more for behavioural questions

Wells Fargo Interview FAQs

How many rounds are there in Wells Fargo Accountant interview?
Wells Fargo interview process usually has 3 rounds. The most common rounds in the Wells Fargo interview process are Aptitude Test, Resume Shortlist and Technical.
How to prepare for Wells Fargo Accountant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Wells Fargo. The most common topics and skills that interviewers at Wells Fargo expect are Accounting, Data Analysis, Finance, GAAP and Power Bi.
What are the top questions asked in Wells Fargo Accountant interview?

Some of the top questions asked at the Wells Fargo Accountant interview -

  1. Tel me about your self What is golden rule of accounting What is bank reconci...read more
  2. Accounting question were there in second ro...read more

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Wells Fargo Accountant Interview Process

based on 2 interviews

Interview experience

3
  
Average
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Wells Fargo Accountant Salary
based on 25 salaries
₹2 L/yr - ₹8 L/yr
29% more than the average Accountant Salary in India
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Wells Fargo Accountant Reviews and Ratings

based on 5 reviews

4.6/5

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4.2

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3.8

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4.2

Salary

3.8

Job security

3.8

Company culture

4.2

Promotions

4.2

Work satisfaction

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