Wells Fargo Financial Reporting Associate Interview Questions and Answers

Preparation of a balance sheet.
And excel function keys

Q1. Financial Instruments And Leases
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Q2. What is derivatives
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging against risk, speculating on price movements, or gaining exposure to assets without owning them.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives are often used in financial markets to manage risk or to leverage investment opportunities.

• The valu...read more
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Q3. What is options
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Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.
• Options can be call options (the right to buy) or put options (the right to sell).

• The specified price at which the asset can be bought or sold is known as the strike price.

• The specified date by which the option must be exercised is known as the expiration d...read more
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Q1. Accounting Entries
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Q2. What is markup?
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Markup is the difference between the cost of a product or service and its selling price.
• Markup is calculated by subtracting the cost of a product or service from its selling price.

• It is usually expressed as a percentage of the cost price.

• Markup is used by businesses to determine pricing strategies and profit margins.

• For example, if a product costs $50 and is sold for $70, the markup is $20 or 40%.
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Q1. Work related question
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Q2. How well we can take pressure
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I thrive under pressure and use it as motivation to perform at my best.
• I have experience working in fast-paced environments where deadlines were tight

• I am able to prioritize tasks effectively to manage stress and meet goals

• I remain calm and focused under pressure, allowing me to make sound decisions

• I have successfully handled high-pressure situations in the past, such as during quarterly financial reporting deadlines
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Q3. What we do day to day
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Q1. What Citi do? Citi related
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Q1. Difference between the futures and options
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Futures are contracts to buy or sell assets at a future date, while options give the holder the right but not the obligation to buy or sell assets at a set price.
• Futures involve an obligation to buy or sell the underlying asset at a specified price and date.

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

• Futures are standardized...read more
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Q2. How will you analyze the client financials
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I will analyze client financials by reviewing income statements, balance sheets, cash flow statements, and conducting ratio analysis.
• Review income statements to assess revenue and expenses

• Analyze balance sheets to understand assets, liabilities, and equity

• Examine cash flow statements to evaluate cash inflows and outflows

• Conduct ratio analysis to assess liquidity, profitability, and solvency

• Compare financials to industr
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Preparing Financial statements

Q1. About cv previously experience
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Q2. About past experiences
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Q1. What is share vs debentures
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Shares represent ownership in a company while debentures are a type of debt instrument issued by a company.
• Shares represent ownership in a company and give the shareholder voting rights and a share in the profits.

• Debentures are a type of debt instrument issued by a company and pay a fixed rate of interest to the debenture holder.

• Shares are generally considered riskier than debentures as the value of shares can fluctuat...read more
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Q2. What is private equity
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Private equity refers to investments made in private companies that are not publicly traded on a stock exchange.
• Private equity firms raise funds from investors and use that capital to acquire companies or make investments in private companies.

• They typically aim to improve the performance of the companies they invest in and then sell them for a profit.

• Private equity investments can be in a variety of industries, such as...read more
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Q3. Fund accounting
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Q1. Why are you looking for a change?
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Q2. Why should we hire you?
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Q3. Tell me about yourself.
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Q1. What are Financial Statements? Why balanve sheet?
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Financial statements are reports that show the financial performance of a company over a specific period of time.
• Financial statements include the balance sheet, income statement, and cash flow statement.

• The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

• The income statement shows a company's revenue, expenses, and net income over a specific period of time.

• The cash flow state...read more
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Q1. What are your salary expectations?
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Q2. Share details of your previous job.
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Q3. Why should we hire you?
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Q4. Tell me about yourself.
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Good

Q1. Hard one and i would say person taking interview was testing on practical exposure that one possess.
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