20+ Senior Associate Analyst Interview Questions and Answers

Answers to questions related to finance and accounting.

• Interest received is shown in the operating activities section as inflow while interest paid is shown in the financing activities section as outflow.

• Journal entry for machine purchased by selling stocks: Debit Machinery account and Credit Stock account.

• NPV and IRR are both used to evaluate the profitability of an investment project. NPV calculates the present value of future cash flows while IRR calculates the rate of ret...read more

Factors bonds are fixed income securities representing debts, while NAV is the net asset value of a mutual fund. Derivative products include options which can be exercised at expiry.

• Factor bonds are fixed income securities issued by corporations or governments to raise capital.

• NAV (Net Asset Value) is the value of a mutual fund's assets minus its liabilities, divided by the number of shares outstanding.

• Derivative products, such as options, derive their value from an underlyin...read more

Basic shares refer to the total number of shares outstanding, while diluted shares include all potential shares that could be issued.

• Basic shares are the total number of shares outstanding, including common and preferred shares.

• Diluted shares include all potential shares that could be issued, such as stock options, convertible bonds, and warrants.

• Diluted shares are used to calculate earnings per share (EPS) to give a more accurate picture of a company's financial health.

• If a ...read more

Multimedia is the use of different forms of media to convey information in a business context.

• Multimedia includes a combination of text, audio, video, graphics, and animation.

• It is used in business for marketing, advertising, training, and presentations.

• Examples of multimedia in business include product demos, explainer videos, webinars, and interactive presentations.

• Multimedia can enhance engagement, improve understanding, and increase retention of information.

• It is importan...read more

I am well informed about various analytical tools such as Excel, SQL, Tableau, and Python.

• Proficient in Excel for data analysis and visualization

• Skilled in SQL for data querying and manipulation

• Experienced in Tableau for creating interactive dashboards and reports

• Knowledgeable in Python for data cleaning and machine learning

• Familiar with statistical analysis tools such as SPSS and SAS

Minority interest refers to the ownership stake in a company held by individuals or entities other than the controlling shareholders.

• Minority interest represents the portion of a subsidiary's equity that is not owned by the parent company.

• It is also known as non-controlling interest or outside equity.

• Minority interest is reported on the balance sheet as a separate line item.

• It reflects the share of profits or losses attributable to minority shareholders.

• It is calculated by mu...read more

Debit balance in AP refers to the amount owed by the company to its vendors or suppliers.

• Debit balance is the opposite of credit balance in accounts payable.

• It represents the amount that the company owes to its vendors or suppliers.

• Debit balance can occur due to delayed payments or overpayments.

• It is important to reconcile debit balances regularly to avoid any discrepancies.

• Examples of debit balance in AP include unpaid invoices, credit memos, and unapplied payments.

Revolving credit facilities are lines of credit that allow borrowers to draw funds as needed up to a predetermined limit.

• Revolving credit facilities are flexible and can be used for various purposes such as working capital, inventory financing, and short-term cash flow needs.

• Interest is charged only on the amount borrowed and not on the entire credit limit.

• Repayments can be made at any time, and once repaid, the credit line is available for use again.

• Examples of revolving cre...read more

Challenges in implementing eco-friendly vehicles in India include lack of infrastructure, high initial costs, and consumer awareness.

• Lack of charging stations for electric vehicles

• High initial costs of eco-friendly vehicles compared to traditional vehicles

• Limited consumer awareness and demand for eco-friendly vehicles

• Lack of government incentives and policies to promote eco-friendly vehicles

• Infrastructure challenges such as poor road conditions and traffic congestion

The American travel market is more focused on domestic travel and road trips, while the European travel market emphasizes international travel and public transportation.

• American travel market is more focused on domestic travel and road trips

• European travel market emphasizes international travel and public transportation

• Americans tend to travel within their own country more often, visiting national parks, beaches, and cities like New York and Los Angeles

• Europeans often travel ...read more

Non PO invoices are not associated with a purchase order, while PO invoices are tied to a specific purchase order.

• Non PO invoices are typically used for one-time purchases or services.

• PO invoices are used for recurring purchases or services.

• Non PO invoices require additional approval processes.

• PO invoices are automatically approved if they match the purchase order.

• Examples of Non PO invoices include office supplies, travel expenses, and consulting fees.

• Examples of PO invoices...read more

The finance structure of a company refers to how the company's financial resources are organized and managed. The trial balance is a statement that lists all the general ledger accounts and their balances at a specific point in time.

• Finance structure of a company includes how funds are raised, invested, and managed.

• Trial balance is a statement that lists all general ledger accounts and their balances.

• Trial balance helps in ensuring that debits equal credits in the accounting ...read more

Optimising campaigns involves analyzing data, testing different strategies, and making adjustments to improve performance.

• Analyze campaign data to identify trends and patterns

• Test different messaging, visuals, and targeting strategies

• Monitor key performance indicators (KPIs) such as click-through rates and conversion rates

• Make data-driven decisions to optimize campaign performance

• Adjust budgets and targeting based on performance data

• Utilize A/B testing to compare different ca...read more

CVR in Amazon ads stands for Conversion Rate, which is the percentage of ad clicks that result in a desired action, such as a purchase.

• CVR is calculated by dividing the number of conversions by the number of ad clicks and multiplying by 100.

• A high CVR indicates that the ad is effective in driving conversions.

• Monitoring CVR is important for optimizing ad campaigns and maximizing ROI.

CPC stands for Cost Per Click, a metric used in online advertising to measure the cost of each click on an advertisement.

• CPC is calculated by dividing the total cost of a campaign by the number of clicks it receives.

• It is an important metric in online advertising as it helps advertisers understand the effectiveness of their campaigns.

• For example, if a campaign costs $100 and receives 50 clicks, the CPC would be $2 ($100 / 50 clicks).

Lists are mutable while tuples are immutable in Python.

• Lists are denoted by square brackets [] while tuples are denoted by parentheses ().

• Elements in a list can be changed, added, or removed, while elements in a tuple cannot be changed once assigned.

• Lists are typically used for collections of similar items that need to be modified, while tuples are used for fixed collections of items.

• Example: list_example = [1, 2, 3] and tuple_example = (4, 5, 6)

The number of other travel agents in the market is constantly changing due to new businesses opening and existing ones closing.

• The number of other travel agents can vary depending on the location and size of the market.

• Competition among travel agents can impact the number of players in the market.

• Market research and analysis can help determine the number of other travel agents in a specific area.

Analyzing a real case example to demonstrate problem-solving skills

• Identify the key issues in the case

• Analyze the data provided and relevant information

• Develop a strategic plan or solution based on analysis

• Consider potential risks and benefits of the proposed solution

The 3 way match concept is a process of matching the purchase order, invoice, and receiving report to ensure accuracy and prevent fraud.

• The purchase order is created by the buyer and includes details such as quantity, price, and delivery date.

• The receiving report is created by the receiver and confirms that the goods have been received and are in good condition.

• The invoice is created by the seller and includes details such as the price, quantity, and payment terms.

• The 3 way m...read more