20+ Analyst 1 Interview Questions and Answers

Group employees by department with salary > 50,000 in SQL.

• Use GROUP BY clause to group employees by department.

• Use WHERE clause to filter employees with salary > 50,000.

• Example: SELECT department, COUNT(employee_id) FROM employees WHERE salary > 50000 GROUP BY department;

Use SQL query to select employees with odd employee IDs.

• Use the modulo operator (%) to check if employee ID is odd (e.g. id % 2 = 1)

• Write SQL query like 'SELECT * FROM employees WHERE employee_id % 2 = 1;'

Assets and liabilities are financial resources and obligations of an individual or organization.

• Assets are resources owned by an individual or organization that have economic value, such as cash, property, investments, and inventory.

• Liabilities are obligations or debts that an individual or organization owes to others, such as loans, mortgages, and accounts payable.

• Assets can be categorized into current assets (easily convertible to cash within a year) and non-current assets ...read more

I worked with data to analyze customer feedback and improve product features.

• Collected customer feedback through surveys and reviews

• Organized data in spreadsheets for analysis

• Identified trends and patterns to make recommendations for product improvements

Call and put options are financial contracts that give the holder the right, but not the obligation, to buy or sell an asset at a specified price within a specific time period.

• Call option: gives the holder the right to buy an asset at a specified price before a certain date.

• Put option: gives the holder the right to sell an asset at a specified price before a certain date.

• Difference: Call options are used by investors who expect the price of the underlying asset to rise, while...read more

Trial balance is a list of all general ledger accounts with their balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.

• Trial balance is an internal document used to ensure the total debits equal total credits in the general ledger.

• Balance sheet is a financial statement that shows a company's financial position at a specific point in time, including assets, liabilities, and equity.

• Trial balance is prepared b...read more

Assumption and concepts of accounting

• Accounting assumes that the business entity is separate from its owners

• Accounting assumes that the business will continue to operate indefinitely

• Accounting concepts include the accrual basis, matching principle, and materiality

• The going concern concept assumes that the business will continue to operate in the foreseeable future

• The monetary unit concept assumes that transactions are recorded in a common monetary unit, such as dollars or eur...read more

Guidelines for respective departments and studies involve setting clear objectives, defining roles and responsibilities, establishing communication channels, and monitoring progress.

• Define clear objectives for each department or study to ensure alignment with overall goals.

• Assign specific roles and responsibilities to team members to promote accountability and efficiency.

• Establish effective communication channels to facilitate collaboration and information sharing.

• Monitor pro...read more

The golden rules of accounting are fundamental principles that guide the recording of financial transactions.

• The first golden rule is the Debit-What-Comes-In and Credit-What-Goes-Out rule, which states that all incoming assets are debited and all outgoing assets are credited.

• The second golden rule is the Debit-All-Expenses-and-Losses and Credit-All-Incomes-and-Gains rule, which states that all expenses and losses are debited and all incomes and gains are credited.

• The third go...read more

A mortgage-backed security is an investment product that is backed by a pool of mortgages.

• Mortgage-backed securities are created when a financial institution pools together a group of mortgages and sells them to investors.

• Investors receive payments based on the interest and principal payments made by the borrowers of the underlying mortgages.

• These securities can be issued by government-sponsored entities like Fannie Mae or Freddie Mac, or by private financial institutions.

• Mor...read more

Short selling is a trading strategy where an investor borrows a security and sells it with the hopes of buying it back at a lower price.

• Investor borrows a security they do not own

• Sells the borrowed security in the market

• Hopes to buy back the security at a lower price to return to the lender

• Profits from the difference between selling price and buying price

A stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold.

• Stock exchanges provide a platform for companies to raise capital by issuing shares to investors.

• Investors can buy and sell securities through brokers on the exchange.

• Examples of stock exchanges include the New York Stock Exchange (NYSE) and the Nasdaq.

• Stock exchanges play a crucial role in the economy by facilitating the flow of capital between investors and companies.

Trade life cycle refers to the stages involved in a trade from initiation to settlement.

• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the agreed terms.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Payment and transfer of securities occur to finalize the trade.

• Trade reconciliation: Ensuring all details match between parties' records.

• Trade reporting: Reporting the trade to relevant ...read more

My future goal is to advance my career in IT by gaining more knowledge and expertise in emerging technologies.

• Continue pursuing certifications and training in relevant IT fields

• Stay updated on industry trends and advancements

• Seek opportunities for hands-on experience with new technologies

• Network with professionals in the IT industry to learn from their experiences

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services received but not yet paid for.

• Accounts payable is a liability on the balance sheet.

• It represents the short-term debt a company owes to its creditors.

• It includes invoices, bills, and other payables that are due within a specific period.

• Accounts payable is typically recorded as a current liability.

• It is an important metric for managing cash flow and working capital.

• Example: ...read more

A custodian bank is a financial institution that holds and safeguards assets for individuals, corporations, and other entities.

• Provides safekeeping of assets such as stocks, bonds, and other investments

• Processes transactions related to the assets held

• May also provide additional services such as fund accounting and administration

• Examples include State Street Corporation, BNY Mellon, and J.P. Morgan Chase

Secondary market is where existing securities are bought and sold by investors, not from the issuing company.

• Secondary market provides liquidity to investors by allowing them to buy and sell securities after the initial issuance.

• Examples of secondary markets include stock exchanges like NYSE and NASDAQ, where investors trade shares of publicly listed companies.

• In the secondary market, prices of securities are determined by supply and demand, rather than the issuing company.

ETF stands for Exchange-Traded Fund, a type of investment fund traded on stock exchanges.

• ETFs are similar to mutual funds but trade like a stock on an exchange.

• They typically hold assets such as stocks, commodities, or bonds.

• Investors can buy or sell ETF shares throughout the trading day at market prices.

• ETFs offer diversification, liquidity, and lower fees compared to traditional mutual funds.

• Examples of popular ETFs include SPDR S&P 500 ETF (SPY) and Vanguard Total Stock Ma...read more

Repo rate is the rate at which the central bank lends money to commercial banks for short-term periods.

• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means higher borrowing costs for banks, leading to lower money supply and lower inflation.

• Conversely, a lower repo rate means lower borrowing costs for banks, leading to higher money supply and higher inflation.

• Repo rate is an important tool in monetary policy implementati...read more

Yes, I have experience in SOX testing.

• I have conducted SOX testing for financial controls in previous roles.

• I am familiar with the requirements and regulations of SOX compliance.

• I have experience in documenting testing procedures and results.

• I have worked with auditors to ensure compliance with SOX standards.

My master thesis focused on the impact of social media on consumer behavior.

• Researched how social media platforms influence purchasing decisions

• Analyzed data from surveys and case studies

• Identified trends in online shopping behavior

• Examined the role of influencers in shaping consumer preferences

Equity represents ownership in a company, measured by the value of assets minus liabilities.

• Equity is the value of an asset after deducting any liabilities associated with that asset.

• It represents ownership in a company and can be in the form of common stock, preferred stock, or retained earnings.

• Equity holders have a claim on the company's assets and earnings, and are entitled to voting rights and dividends.

• For example, if a company has assets worth $1 million and liabilitie...read more

I enjoy reading, hiking, and trying new foods. I dislike loud noises and rude people.

• Likes: reading, hiking, trying new foods

• Dislikes: loud noises, rude people