Deputy Manager - Finance Interview Questions and Answers

When launching a new product, finance considerations include budgeting, pricing, forecasting, and ROI analysis.

• Budgeting for production costs, marketing expenses, and potential risks

• Pricing strategy based on market research and competition analysis

• Forecasting sales and revenue projections

• ROI analysis to determine profitability and return on investment

• Assessing financing options and potential funding sources

When opening a new store, I consider various factors such as location, target market, competition, and budget.

• Location - Is it easily accessible? Is it in a high-traffic area?

• Target market - Who are the potential customers? What are their needs and preferences?

• Competition - Who are the competitors in the area? What are their strengths and weaknesses?

• Budget - How much can we afford to invest in the new store?

• Marketing strategy - How will we promote the new store to attract cus...read more

I am familiar with SAP FICO end user functions and T-Codes for accounts payable and bank reconciliation statement.

• I have experience in using T-Codes such as FBL1N for vendor line items and F110 for payment runs in accounts payable.

• For bank reconciliation statement, I have used T-Code FF67 for manual bank statement and FF.5 for automatic bank statement.

• I am also familiar with the process of clearing open items in both accounts payable and bank reconciliation statement.

• In addit...read more

Topline refers to a company's revenue while bottom line refers to its net income.

• Topline growth is an increase in revenue generated by a company's products or services.

• Bottom line growth is an increase in net income after all expenses have been deducted.

• Topline growth can be achieved by increasing sales volume or raising prices.

• Bottom line growth can be achieved by reducing expenses or increasing revenue.

• Both are important for a company's financial health and success.

Yes, I am ready to handle everything manually if required.

• I have experience in manual financial reporting and analysis

• I am proficient in Excel and can create complex financial models manually

• I am detail-oriented and can ensure accuracy in manual processes

ERP software is typically integrated with various modules such as finance, HR, supply chain, etc.

• ERP software is commonly integrated with finance modules for managing financial transactions, reporting, and analysis

• It can also be integrated with HR modules for managing payroll, employee data, and benefits

• Supply chain modules help in managing inventory, procurement, and logistics

• Examples of ERP software include SAP, Oracle ERP, Microsoft Dynamics, and NetSuite

The profile handle was not managed earlier.

• No, I have not handled this profile before

• I am new to this specific role

• I am eager to learn and adapt quickly

GST filings are mandatory for businesses in India, with different rates for different goods and services.

• GST filings are required for businesses with an annual turnover above a certain threshold.

• There are different GST rates for different categories of goods and services, such as 5%, 12%, 18%, and 28%.

• Businesses need to file GST returns on a monthly, quarterly, or annual basis, depending on their turnover.

• GST rates can vary based on the type of goods or services being provide...read more