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Edifice Consultants Interview Questions and Answers

Updated 16 Feb 2024
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Q1. How are the measures to confirm that all the month end journals are posted accurately?

Ans.

Monthly journals are confirmed for accuracy through a multi-step process.

  • All journal entries are reviewed by the Deputy Manager before posting.

  • A reconciliation is performed between the general ledger and subsidiary ledgers.

  • A trial balance is generated and reviewed for accuracy.

  • Any discrepancies are investigated and resolved before finalizing the month-end close.

  • A post-closing trial balance is generated to ensure all accounts are properly closed.

  • An external audit is conducted ...read more

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Q2. What is meant by capital markets and what is your job role

Ans.

Capital markets refer to financial markets where long-term debt or equity-backed securities are bought and sold.

  • Capital markets are where companies and governments raise long-term funds through the issuance of stocks and bonds.

  • Investors buy these securities in the hope of earning a return on their investment.

  • As a Deputy Manager, my job role may involve overseeing trading activities, managing risk, and ensuring compliance with regulations in the capital markets.

  • I may also be r...read more

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Q3. What types of accruals?

Ans.

Accruals are expenses incurred but not yet paid or recorded in the books.

  • Accrued salaries and wages

  • Accrued interest

  • Accrued taxes

  • Accrued rent

  • Accrued utilities

  • Accrued warranty expenses

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Q4. What are your coding skills

Ans.

I have strong coding skills in multiple languages and frameworks.

  • Proficient in Java, Python, and JavaScript

  • Experience with frameworks such as Spring, Flask, and React

  • Familiarity with database technologies like MySQL and MongoDB

  • Ability to write clean, efficient, and maintainable code

  • Continuously learning and staying up-to-date with new technologies

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Q5. Transformation projects handled

Ans.

I have handled multiple transformation projects in my previous roles.

  • Led a team to implement a new CRM system resulting in a 30% increase in sales

  • Managed the transition to a paperless office resulting in a 50% reduction in printing costs

  • Implemented a new project management tool resulting in a 20% increase in project completion rate

  • Streamlined the hiring process by implementing an applicant tracking system resulting in a 40% reduction in time-to-hire

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Q6. Project stabilization methodology

Ans.

Project stabilization methodology refers to the process of ensuring that a project is completed successfully and is sustainable in the long run.

  • It involves identifying and addressing any issues or risks that may arise during the project lifecycle.

  • It includes implementing measures to ensure that the project meets its objectives and delivers the expected benefits.

  • Examples of project stabilization methodologies include risk management, change management, and quality assurance.

  • Th...read more

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Q7. Difference between forecast and budget

Ans.

Forecast and budget are both financial planning tools, but they differ in terms of purpose, time frame, and level of detail.

  • Forecast is an estimate of future financial performance based on historical data and market trends.

  • Budget is a financial plan that outlines expected revenues and expenses for a specific period, usually a year.

  • Forecasting is more flexible and can be adjusted frequently, while budgeting is more rigid and set for a fixed period.

  • Forecasts are often used for ...read more

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Interview Process at Edifice Consultants

based on 13 interviews
3 Interview rounds
Resume Shortlist Round
Technical Round
HR Round
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