Wieden Kennedy Accounts & Finance Executive Interview Questions and Answers

Q1. What is financial accounting
Ans. 
Financial accounting is the process of recording, summarizing, and reporting financial transactions of a business.
• It involves the preparation of financial statements, such as the balance sheet, income statement, and cash flow statement.

• Financial accounting follows generally accepted accounting principles (GAAP) to ensure accuracy and consistency.

• It provides information to external stakeholders, such as investors, credi...read more
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Q1. About your profile
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Q2. Achievements in previous company
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Implemented cost-saving measures resulting in 20% reduction in department expenses.
• Implemented new budgeting system to track expenses more efficiently

• Negotiated better vendor contracts to lower costs

• Streamlined processes to eliminate waste and improve productivity
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Q1. Have you, in the past handled a situation where you had taken an initiative to change and improvise the current business process, and what was the outcome.
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Q2. Ability to handle a team with dynamic and ambitious members.
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How do you feel if you win in an argument with your manager on a particular matter.

Q1. Knowledge on the role applied for, knowledge of the entity's business, casestudy, etc. It was a Vp level interview.
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Q1. Questions regarding acounting entries, Sale of fixed asset etc
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Q1. Same questions and salary negotiation
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Final account, ledger posting, journal entries, trial balance, management accounting.

Q1. 1.What do you know about finance management?
Ans. 
Finance management involves the planning, organizing, directing, and controlling of financial activities within an organization.
• It includes budgeting, financial analysis, forecasting, and financial reporting.

• Finance management aims to maximize the value of the organization by making informed financial decisions.

• It involves managing cash flow, investments, and risk.

• Financial analysts play a crucial role in finance manag...read more
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Q2. 2. What is accounts management?
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Accounts management refers to the process of managing financial transactions and records of an organization.
• It involves maintaining accurate and up-to-date financial records

• It includes tasks such as bookkeeping, budgeting, and financial reporting

• Effective accounts management helps organizations make informed financial decisions

• Examples include managing accounts payable and receivable, reconciling bank statements, and p
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Q1. HOW TO DO BUDGETING or Forecating
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Budgeting involves creating a financial plan for a specific period of time.
• Identify the time period for the budget

• Determine the sources of income

• Estimate expenses and allocate funds accordingly

• Regularly monitor and adjust the budget as needed
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Q1. What will you bring to org
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Q1. They asked about my work experience. Specific questions regarding what they wanted to me to work. Like entry related to Fixed Assets purchase, sale , capital gain etc.
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Q1. Salary Negotiation and about their company.
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