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Finance interview Questions

In The finance, banking and accounts are closely related to each other. Jobs in this financial sectors are one of the highest profitable careers in the US and their interviews represent from questions. virtually your personality to the ones investigation your business knowledge. Although one can't groom for each of the management discourse questions, it is definitely distinguished to rest one's underlying concepts extremely limpid. This can support an organism to super the converse.

Finance Interview Questions and AnswersCandidates who are interviewed for jobs in direction dealings or finance jobs must have skills in finance  get knowledge, on every aspects like financial terms, assets and different branches of finance. Here is whatever substance might business discourse finance interview questions and answers for freshers.

Explain About yourself?Intimately, we all hump that this is the most radical reflect that is asked in any interview, not with standing, an fabulous salutation to this topic is same successful half the attempt. This ponder can impart to the interviewers your confidence and agony for the energy. In regards to the tell to this subject, you can advert virtually your strengths and formal aspects of your personality. You can also tell your hobbies and areas of primary interest.

Your Educational qualifications?This inquiring can be answered by summarizing your pertain areas since your cultivate life. You must scuttle but virtually your educational qualifications. Stretch examples of difficult projects that you handled piece excavation in economics set.

Explain about your goals?This is one of those economics converse questions that can easily solve about your progression contrive and how you are with tenderness to your business. In a response to this challenge,

What are steps to succeed your goals?This method is an excellent way to attain your potential employers judge that you are really involved in this advancement. This is one of the most intriguing economics interview questions that moldiness be answered with confidence. Finance Interview Questions for finance jobs that are mentioned as follows:[These Questions Asked in major interviews like TCS Finance Interview, Gen pact Finance Interview and other interviews : Deloitte Finance Interview Questions, Quant Finance Interview Questions, Genpact Finance Interview Questions]

How you will take challenges? Parameters to be consider for choosing the stock?

Explain about debt and equity financing? in a firm?

Factors that impact in mergers and acquisitions?

Explain interest on capital?

What is your main strengths in finance?

Explain about success and failures in finance?

Advantages and disadvantages of different accounting packages that uses by you?

Tell about cash flow statement using pipeline theory?

Explain about accumulated depreciation?

What is fictitious assets?

What is a trail balance?

Suggest some famous accounting packages that works more effectively?

Why finance job as your career?

Explain about Purchase Order?

Tell about Bank Reconciliation Statement?

Explain about company code?

What is sundry creditors?

Differences between accounts and finance?

What is fixed cost, variable cost and marginal cost?

What is Break Even Point? how it is calculated

How goodwill affect to your firms economy?

Current event that affects the fiance market?

Explain about the recession and factors for causing?

What is the odd things between pay slip and pay check ?

Relate I-banking and Private Equity?

Magazines that you prefer for business news?

Newspapers that you prefer to read for financial news?

Thursday, September 4, 2008

Interview Questions for Accountants

1.what is the diffrence between gross profit& net proffit? capitaliqwhat is the journal? one question dr mean debit cr mean credit but cr full form credit but dr full form debit that mean debit not word dr what the answer What is smallest 4 digit number? what is the difference between Purchase order and invoice what is suspence capital? Capital-IQInformation on Cost accounting vs. Management accounting HDFCWhat are the source of gaining long-term funds???? What are the limitations of gaining long-term funds??? What is an Acrual Interest? In which side of the Balance Sheet, it should be shown???? ICAIhow is cost concept extension of on going concept? WHAT IS IFRS? WHAT IS IDEAL DEBT-EQITY RATIO BPOwhat is the finalisation of balancesheet and how it can be made BPOWhich Exchange determine Foreign Exchange/Currency Rate? Which Exchange determine Foreign ? hedge fund, hedgingWhat cost-cutting measures have you implemented?differences between liabilities and assesstswhen the money introduced in indiawhat type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accountsWhat is the Difference between Rectification of Errors and Adjustment Entry ?What are the general Ledgers?

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What is bank reconcilation a/c Accenture what is profit maximisation what is a financial statement UBS What is the Journal entry for advance payments and advance receipts from Debtors and creditors what is contigent liability and state some examples also. what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization? UBSWhat is the formula of Debt Equity Ratio? Also define its importance in a firm. ICAI

Capital secure should be shown in which side of the balance sheet??? ICAI

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why closing balance do not come in trial balance?if it is in which case it comes? HDFCwhat is the definition of derivative, what is a security? TDS is for claming purpose or for filing purpose. when does accounts receivable have a credit balance? whatis meant by contigent liability IQwhy is TDS treated as an asset while preparing Balance sheet. What is the Meaning of Current ratio? When Trial Balance match? what is the adjusting entry for wages posted twice? Genpactwages posted twice what is the entry for that? Genpact

4.Bank Overdraf is an Asset or a liability for a Bank? ICAIHow is the Cost of Goods Calculated???? ICAIwhy should we do accounts in company WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL RESERVE? Capital-IQwhat is difference between depreciation and amortization ? principles of accounts what are the difference between bookkeeping and accounting ? WHY SHOULD WE PREPARE PROFIT & LOSS APPROPRIATION a/c??? Accenturewhat is the difference between shares & debentures What is a General Ledger Balance? How can it be arrieved at? RBIwhether cash book is a subsidiary book? What is mean by Tab Group in MS-Excel? IBMWHAT ENTRY SHOULD WE PASSED IN BOOK A PERSON HAVING SALARY BASIC 10000.00 HRA 4000 PF 1500.00 why opening stock posted in the credit side Who Invented Accountancy?? Capital-IQ

5.What steps to be taken at the time of implementation of Oracle ERP and please give the chart of accounts and links to be given Aster-Teleserviceswhat is the accounting treatemnt for issuing material to a subcontractor on recovery basis? Entry for the settlement of loans? WiproEntry for prepaid expenses? Wiprowhat is journal entries for cheque dishonored? Difference Between Tax Invoice and reatail Invoice ? Explain the effect of closing stock on gross profit and net profit. comment on the financial health of their

business. whatis mean by accured income? Capital-IQ what is derivative? Capital-IQwhat is balancesheet adjustment a/c. what is the use of this a/c in sap fico Reliancewhat is zero balance clearing a/c. why we r maintaining this a/c in sap fico Reliancewhat is inflation accounting What is put option, call option, mutual fund? WiproWhat is audit,auditing? WiproShould I deduct TDS for Dyeing Charges in Garments Industry? If yes what is the percentage under which group it will come? 6.npv, arbitrage RRDonnelleyequity RRDonnelleymarket capitalisation RRDonnelleynav , npv RRDonnelleyhedge fund, hedging RRDonnelleyinvestment banking RRDonnelleytypes of derivatives RRDonnelleycapital expenditure , revenue expenditure RRDonnelleydeferred revenue expenditure RRDonnelleywhat is meant by derivatives RRDonnelleyPlz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales? Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B" What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin? what are the fundamentals of book keeping What is Accounting? How to prepare the manual accounts? What are the manual accounts? What are the subsidary books? How to classify, summerising and posting accounts. What are basic and important stpes to take while preparing journal,ledger,cashbook, Bank book, Trailbalance, Trading and profit and loss a/c and Balance sheet.

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what is crr when the money introduced in india

What Is repo transaction What is Risk Assessment? what is the golden rules of accountancy ?withdrwal frm atm what will be the transaction ? what is ZBA hold & balance hold in banking? What is difference between NSE and BSE? Which company are include in NSE and which are include in BSE? How do i will cme to now that i have invested in NSE or BSE? Catalystgive narration of cash----a/c---Dr To cash HindalcoWhat is Standard Cost? Cap-GeminiWhat is mean by ETDS SyntelPlease tell me the process of Selction of Junior Research Associate in Capitaliq(Intervie rounds&written test) where we have file E-returns in SAP FICO-CIN/Wtax? WiproIf in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

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what are the balancesheet,profit& loss a/c,profit & loss aprrieation a/c format What is General Accounting TATAWhat are the General Ledgers? Wat is pivot table What are the general ledgers can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes? cany anyone explaing what are the functions of an Account Officer/Manager? can anyone provide me the Balance Sheet Items & Profit & Loss A/c Items & Accounting Heads with Accounting codes? pls send me capital iq quition paper pls, ihave 2mr interview thanks Diffrence between cost, financial and management accounting what is accounting standard? Genpact what is the difference between cash system & mercantile system MicoWhat is mean by Journalising ? Capital-IQ What is Financial planning?

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differed tax liability What is the meaning of Equity & Dedt Pls Explain Clearly What is capital market? Mellonmethod of preparing the trial balance ? what is the cost and financial accounting? what is double entry system ? what is the organisation chart for accounting and finance ?

what is the nature of accounting function ? define accounting,scope of account , types of account ? what is journal and ledgers ? Prolect differences between liabilities and assessts Prolect what is credit balance of bank define briefly??? Genpact What are the general Ledgers? In Accounts payable process in BPO, how is the due date calculated? It should be Invoice date+ payment terms or Receipt date of invoice + payment terms? Accenturewhat is derivaties, equities, and mutul fund BPOshares journal entries

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what is different between expenses (direct) and direct expenses? Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three GenpactCredit Paurchases GenpactMachinery Rate is 12000/- and residual value is 2000/- and life span is 10yrs.Calculate the dep in Straight line method. GenpactNew emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) GenpactRent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me to give Journal Entry for the Entry for the Month of Jan, Feb and March Genpactwhat type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accounts what does debit and credit mean in accounting and what is its underlying concept and its treatment. in the cash book dr means receipt nad credit means payment? is it correct? In p&l account where does miscellaneous expenses comes what is balance sheet? SBI 1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?

11.What is the depreciation rate for computers? why should i hire you? what are your outside interest? what was your toughest decision you ever have to make? GEwhat do u mean by preliminary expenditure? what r they? where it is comes? what is the diffrance between fund flow statement and cash flow statement. Genpact What is private placement in Equity market ? Bank-Of-Americaplz send me hsbs finance questions asked in the interview ans appitude also HSBCwhat is a reconcilation statement HP why share capital shown in liability side of a balance sheet

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What is Suspense A/c? MafoiWhat are Accounting Concept? Mafoi What is Working Capital Management ? Give the formula for it MafoiCan you tell me the closing stock entry? Satyam HOW MANY TYPES OF ACCOUNT EXAMPLE PLS CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN IT BE DONE? When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions. Please send the all account interview question to me SBIwhat are the various questions asked on excel in an interview Asian-PaintsHi Actually Im Accounts Executive Currently I Have one Offer as a Stores & Purchase Accountant can you suggest it is good and what type of works will be there ?? what is stock divient Franklin-TempletonCan anybody tell what is the link b/w reporate and inflation? How these parameters vary??? out standing salaries goes to whiich A/C I mean personal(or) real(or)nominal a/c what is the difference between cash flow and funds flow What is personal Account?

13.WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL RESERVE? Capital-IQwhat is the difference between cash flow and profit and loss account? What is the Difference between Rectification of Errors and Adjustment Entry ? What is the Casting ? What is the Accountancy ? Give the Answer in one sentence. What are the Trading A/c Components and let explain about Trading account and Profit & Loss Account Focus what is the effect of repo rate Capital-IQwhat is BRS Capital-IQ What is a cash flow statement Capital-IQwhat is trailbalance..? what can increase gearing? how to reduce axis bank emi Axis-Bankwhat is the Entry for Prepaid expenses? which side it come in balance sheet? Wipro

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Depreciation, What type of cost? Direct cost or Indirect cost? Which game is played only by women SBIWhat is Cost Accounting SBI

how could we reconcile the cash book balance with pass book balance by pass book Dr. balance with pass book method? what are adjusting entries? and why we are dioing it? what is the differance between Equity shares and preferance shares? PanaceaWhat do u mean by pass through expenses? give examples, how it will be accounted & billed? What is contingent liability? Syntelwhat is cap & floor of call rates? what are the procedures of paying service tax and vat? Insight

15.WHICH ASSET IS DEPRICIATED IN TANGIBLE? WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR WARE HOUSE? When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts? what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits? Where does TDS payable & receivable appear in the books of accounts Professional fees of Rs.30000/- is paid to a consultant ABC & Co. please pass the necessary entry for the same Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same Under which headings the following transaction appear in bank reconciliation as on 30.06.03 particulars Interest debited by bank Chq issued to suppliers not appearing in bank statement Chq deposited not appearing in bank statement Income not accounted in books appearing in bank statement An advance of Rs 10000/- is received from customer. pass necessary journal entries Name any 3 heads shown under assets side of balance sheet. Calculate the profit/loss on sale of the following assets as on 30th september 2000 cost of the asset on 01.05.95 50000/- Salvage Value 5000/- Method of depriciation & date WDV 15% sales of asset on 30.09.2000 Rs 25000/- a) what are the rate of employees & company's contribution for PF & ESIC? b) what is the ceiling in case of ESI deductions? c) what are the due dates for paying ESI/PF Compute the following selling price for the follwing item: Basic cost CST @ 4% on basic cost freight & insurance Rs 200/- Margin @ 15% on selling price

16.What is the due date for paying monthly IT deductions, other than deductions towards salary What is the due date for filing monthly & annual sales tax returns in karanataka Compute the interest & TDS amount following transaction: Compute the sales tax amount on the following transactions: MRP rs 1000/- Sales Tax is 10% cess on sales tax is 5% Turnover tax is 1% on net turnover what is the entry passed for sales return (sales is on credit basis)? What is the TDS ratio applicable on professional fees?

Can u please give me example of bonds? is National savings certificate a Bond? What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities? why we use the term profit and loss account instead of profit or loss account Syntelwhat are the differences between Tally and Focus? what is the treatement of outstanding expenses in Tally accounting package? where it shown and what is its account type? What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

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Give me total Details of payroll calculation, payslip with examples. payroll calculation procedure explain completely? what are the payroll procedures? Hewitt what is the order for cashflow statement Capital-IQ tell the ratio where the numerator and denominator should contain one from asset side and other from liabilities side Capital-IQWhat are the difference between Cash Flow Statement and Fund flow Statement? please explain me fully. Can you give three examples/names of Public and Private Ltd companies? SyntelWhat is the difference between "Primary Market" and "Secondary Market"? Syntelwhat is debit card? n what is credit card? if it is a debit card what will be a transaction in personal account and if it is a credit card what will be the tranction in personal account I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series. What is the uses of Ratio's in The Finanacial management? Explain it? IBMWhat is difference between cash flow and funds flow? Any two difference of Trading and Profit and loss A/c SyntelAny Two difference Between Debenture and bonds? SyntelWhat is the Entry for Call in arrears? Syntel

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What do you mean by Amortization? What is Electronic clearances? Genpact What is Accrual (Mercantile Vs Cash System of Accounting) Genpactwhy to differentiate between capital and revenue expenditure? what is the journal entry for bad debts? What is means by A/c in Accountancy ? What is the full form of Dr. and Cr. ? Syntelwhat is CDD’s configuration

what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process What is Share? Syntelcompany's total overhead expense is containing which are the expenses? Definition of overhead expense. what is the difference between debit card and credit card Genpact

19.Where we have to take the Director's current account, wages a/c, Accruals, sales tax payable in Balancesheet what is leverage?how many types of leverages are there and explain Capital-IQwhat is contingent asset GenpactWhat is the full from of DR and CR ? Adani How to treat the provision for bad debts which appeared on the credit side of the P&L A/c? WiproHow to treat the provision for bad debts which appear on credit side of the p&L A/c. Capital-IQcan any one send me payables real time scenarious or any projects Briefly explain about Stok valuation. What is depreciation? What are the various methods thereof? What is Royalty Accounting? How it calculate? Give some example. What are the accounting conventions and Practices?

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What is the means of Limited.they are not asked about public limited or private limited or difference tehy asked only what is the limited what are the three basic acounting principles.what is account reconcilliation.what is portfolio management GE what is mean by Red herrting Capital-IQ What is mean by Dis-investment Capital-IQWhat is accounts recevable & acct. payble? How they are efect in real life accounts of the company? Genpacti need sbi bank clerk exam model question papers How can we post Salary, PF etc., can anybody tell me the entry what is the journal entry for tax refund? HSBC what is bank reconcilation? HSBCwhat is the difference between credit and debit note? what is the meaning of derivative. Capital-IQ

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what is the difference between fund manager and portfolio manger Franklin-TempletonWhat is Contra Entry? how to take print checks in tally SMS-Pharmaceuticalswhat is the core accounts SMS-Pharmaceuticalsexpense paid but the benefit not been received so far like deferred exp so can we consider it as a prepaid exp. L&Twhat is the system of accounting and banking in cooperative bank? define p&l approprate Genpacttell me about roll model as father Genpacttell about friendship Genpactwhat is the difference between cost centre and bussiness centre? contiagent liabilty Genpacttypes of inventory Genpactdefine cost of goods sold Genpactdefine inventory Genpact

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How to calculate bank's turnover? HDFC diiffrence b/w provsion & reserve do you have debit and credit in balance sheet Capital-IQhow did you know about capitaliq? what is the meaning of iq. Capital-IQ What is provision and reserve and how u treat in account Capital-IQHow many methods are there in capital budgeting? what are those. Capital-IQWhat is meaning of ficticious asset Capital-IQ what is the meaning of empairment asset Capital-IQwhat is the meaning of preliminary expenses and how you shown in balance sheet Capital-IQ What is the meaning of capital profite and capital reciet? both are same or any different are there? Capital-IQwt is stock split, dividends, rights issues,mergers and acquisitions, and spinn offs? Ness-Technologieswhat is corporate action? wt is the purpose and tpes of corporate actions? Ness-TechnologiesWHAT IS F& O SEGMENT? what is cost of goods sold? What is the closing entry for outstanding amount? IBM

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What is suspense Account? IBMWhat is Bank Reconcilation Statement? IBM

what is basic accounts rule? SyntelThere is any new golden rule added with remain three? Why bank credited our all deposited? Why do people call Genpact as Gunpat outside? What do you reply when they ask that What does Gunpat manufacture? Genpactwhat is accrual prepayment? Define capital A/c &revenue. Define golden rules. meaning of share capital and its entries e-ServeWhat is the diffrecnce between liabilities and owner's equity? ABN-AMROwhat is the procedure to get the duplicate Cform in case the original is lost in transit. WHAT IS THE MEANING OF BLUE CHIP COMPANY? Capital-IQ what is the meaning of hedging? Capital-IQWHAT IS THE MEANING OF INDENTURE? Capital-IQWHAT IS THE MEANING OF CREDIT WORTHINESS? Capital-IQ Please answer the following question: "Your grandmother sends you a large check for your birthday, asking that you use the money to buy shares of stock in a company. She recommends that you review the company's financial statements before investing. What can a company's financial statements tell you about the investment potential of its stock?" Ans: Generally financial statement reflects the financial condition of the firm in terms of profit growth and sales.There are different type of financial ratio which can be calculated after seing the financial statement like Eps ratio tell ur how much co. can pays to its shareholder,other ratio are PE,Debt-Equity and many ratio are relyy impotant to evaluate company performancewhat is the meaning of LETTER OF CREDIT? Capital-IQWhat is mean by Debt Equity Ratio ?

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What is the Accounting Treatment for Contingent Liability ? Why Closing Stock Not shown in Trial Balance? WHAT IS MEAN BY SHARE & DEBENTURE? WHAT IS THE DIFFERENCE BETWEEN THEM? How do u show Drawings In Trading Account ? Difference between Provision & Reserve? Difference between Accounts & Finance ? what is Current Accountant ? What is the Difference Between Retail Invoice & Tax Invoice? what is minority interest Capital-IQexplain accounting concepts Capital-IQ How to Prepar Balance sheet? what does bpo means? Genpact why do u want to join bpo sector Genpact

example irr What is the trial balance Capital-IQ

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What do you mean by Mutual Funds ? Types Capital-IQwhat is ADRs? Capital-IQ which are company offering jobs in PORTFOLIO MANAGEMENT ? what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India? What is the trade balance ,what is the Trailbalance, ITW-SignodeWhere we show the Contingent Assets. what is inflation? what is Prime Brokerage? UBSwhat is Reconciliation-NOSTRO,VOSTRO? UBS what is Credit derivatives,equity derivatives,SWAPS? UBSwhat is futures and options? UBSwhat is Derivative Documentation,Derivative Settlements,Derivative confirmation? UBSwhat is pre settlements and post settlements in Derivatives? UBSwhat is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ? UBSwhat is Internal Revenue Service (IRS) and Certificate Of Deposit (CD)? UBS

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What do you mean by capital? Define mortgage what is ADVANCE,DECLINE ratio. also explain how it helps the investor to predict the stock market movements? UBSwhy stock market goes to bearish mode when RBI hikes CRR rates? UBSwhat is F B T? what is priority? what is surcharge? Perot-Systemswhat happens in the stockmarket when RBI changes the CRR rates(REPO RATES) WiproCanu send me account aptitude questions GenpactI am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview. meaning of accounts payable what is accrual income ? Genpact most recently asked questions what is bank reconcilietion WNSwhat are the point to see when calculating the Company Profit / Loss

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salary is which type of account?? how much percentage of shares of a company must be purchased so in order to start the company?? fictitious account is what type of account i.e real,nominal or personal account?? What is the different between each of the following. a) ordinary shares and preference shares b) called and uncalled capital c) bearer debentures and convertible notes d) floating charge and specific charge how to calculate the Current Ratio, Liquid Ratio & Operating Ratio What is MEan By Sundry? Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c Bank-Of-America What is ment by MIS reporting? machinery is assets or liabilities what is the meaning of accountant,accounting & accountancy & account? how is caluclation of over time (O.T) what is subsidiary book? ICICIwhat is journal? what is the meaning of double entry system & Double entry system?

28.what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail? GEwhat is the usage of Acounting standard?, what is deferred tax?, what is operating Expenses and incomes?, what is the difference between subsidary and holding company? and what is right share and right issue? what is difference between cash and profit?, and why netprofit comes under capital account? ITC-InfotechWhat is cash profit? how can we calcute? are you a gay? GenpactWhat is meant by Kpo?If possible tell me the process too? What are accounting standards? CTSwhy debit notes and credit notes are passed? TCS Wat is the diff.between revenue and capital expenditure? Wat is meant by deffered revenue expenditure? TCSwhat do you meant auction? what is F & o segment? How to Calculate Turnover? TATAwhat about your self Capital-IQ What is Mean By Defered Tax, How To Calculate? what is service tax, how much calculated on service? Capital-IQ

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what is format of Trial balance If Bank OD In Balance Sheet Which Site Showing? What is Meany By MIS Report?What are things covered in the report? What three Specific Job Positions do you target from the Industry GSKWhy do you want to work with us GSKDo you have reference list GSKHow do you plan to achieve these goals GSKWhat goals do you have in your career GSK Briefly describe your ideal job GSKWhat is difference between profit, revenue? what is RTGS? What is the defination/meaning of Mercantile Accounting? What is mean by mercantile accounting? In intangible assest, patents ,trade marks,copy rights we can feel or some thing can be done but what about goodwill? Capital-IQ

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what are accounting principles Accenture what is diff between p&l & trading a/c CAWHAT IS PERSONAL ACCOUNT What is the difference btwn "Sales" and "Turnvoer". What is the difference betwn "Inventory" and "Stock". What is Mean By FRS for HQ reporting, How To Prepare? what is the difference between pay order & D.D.? ICICIwat is penny stock? DeloitteWhat is operating profit ? how is it different from Gross profit ? What do you mean by Venture Capitla and Private Equity? Define cost accounting? what is Bills Receivables and Bills Payables? HCL Expand GAAP? Wipro what is Suspence Account? Wipro

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what do you mean by contra entry? and where it is used? AccentureWhat is Meaning Of accounting Function , Fund Management, Equities, Mutual Funds, Fixed Income Secrities, Derivative, Accounts of Trade, Share Holder Transaction,Knowledge on Using bloombag? can debenture is cenverted into share?if yes? how? what is sweet equity share? what is the treatment of frieght paid on purchase of fixed asset? & where it shold be shown? John-Fowler

what is profit & loss A/c? difference between income & expenditure A/c how to study five year balance sheet HBL-Power-SystemsWhat is Owner's Equity? What is income tax,sales tax and vat? sensex is increased and decreased in share market? why? How many types of banking accounts? tell me about that What is shadow balance? In Accounting how many types of formulaes? What is the diff. between gross profit and net profit? What is diff. between mutual fund and security?

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Tell me about portpolio? tell me about share? What is promoters? what is contract note? how many types of practice accounts? tell me about accounting what is income tax what is securities? what is the quick asset Deloittewhat is debuntre what is your achievements? Give me solved example of bank book and cash book wat is finance? Accenturediff b/w debenture and bond? Bank-Of-America what is the accounting treatment for contingent laibility? Capital-IQ

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WHAT IS DERIVATIVE? India-Infoline WHAT IS A SHARE? India-InfolineWhat is the TDS Rates for the F.Y 2008-09 ? WHAT IS PORTFOLIO MANAGEMENT? India-InfolineWhat is portfolio? India-Infoline5. What is cost of goods sold? 4. What is the difference between gross profit and net profit? GenpactWhat Do You Understand By The Word Accounting ADPHi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other

which job is suites to me plz suggest me What is the difference between Direct expenses and Indirect expenses? FICmeaningofderivative? UBSDividend per share? Mening of Earning per share? What is the meaning of net incaome? please tell me GENPACT and GE finance interview questons Genpact

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What is the meaning of Revenue? what is cnc machine hour rate? how it is calculated? Greaveswhat is bank rate? Syndicate-Banktypes of mutual funds? how to calculate share values of a company. what is sensex and nifty. whatis ratio analysis and methods of its calculation. what is capital budgeting and techniques of capital budgeting. what is the difference between gross profit and net profit? what is reverse repo? what is cost of goods sold ? Capital-IQSales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes. WHAT IS THIS ACCOUNT Genpact

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A CAR GIVES 100 KLIO METERS OF TO what is working management? Genpactwhat is the meaning of Journal Ledger? what is the meaning of P/V Ratio? what is GAAP? what is demand? What are all the items come under P&L and Balance sheet? what is a share? Franklin-Templetonwhat is a security? Franklin-Templetonwhat is mutualfund? Franklin-Templeton what is delapidation? CAplease send me a HSBC basic accounting question & answers to my mail id.

What is the analytical way of accounting? what is break even point? ADPwhat is gross profit?

36.

what is net profit? pls explain the clear difference between Depreciation and Demortization? HSBCExplain why retained earnings have an opportunity cost associated? What are the 3 Basic Rules in Accounting. Franklin-Templeton What is the difference between cost accounting and financial accounting? what is diffference between retail invoice and tax invoice ? what is the difference between provision for bad debts and reserve for bad debts? GenpactWhat is the difference between Capital Reserve and Reserve Capital? Discuss the role of cost accounting in managerial decision making Distinguish between Piece rate and Time rate? Discuss the role of cost accounting in managerial decision making? What is meant by Repo Rate and Reverse Repo Rate. Capital-IQWhat is the Difference between Real Accont and Nominal Account? GE Tell me something about you What is Deffered Tax? Capital-IQ

37.

Discuss the role of cost accounting in managerial decision making? What is meant by Cost Accounting? How it is different from Financial Accounting? Discuss the role of cost accounting in managerial decision making? What is meant by Cost Accounting? How it is different from Financial Accounting? Parco Compare and contrast the accounting procedure followed by a sole trader and a partnership firm. what are the concepts & conventions of accounting? what do you mean by debt equity ratio? Capital-IQwhat is the difference between long term debt and short term debt? Capital-IQwhat is ment by memorandom of association? Capital-IQ share premium? Capital-IQ what is securites what is bond and what is debentures what is debentures what is bonds golden rules of accounting? how bank earn profit? Bank-Of-America

38.

What is meant by defferred revenue expenditure Xansabonus shares? Capital-IQwhat do you mean by fixed asset? Capital-IQ what is meant by credit derivative? Wiprowhat is the basic difference between accounting and financing? Mafoiwhat is meant by mid-cap? When we are using the DEPB licence for duty adjustment 100 %, there is no cash payment to customs. If i am a trader and registered with excise, Can we avail the modvat credit and pass on to customers? ABCdiscuss how accrual concepts and matching concepts are the same How to calculate india GDP growth rate? Why depreciation is charged in P&L Account? Deloitte Why profit is a liability and loss is an assets apptitude Questions for accounts payable job Airtel Who to create a budget on software company KLG-SystelWho to create a budget on software company Difference betwen debentures and bonds What is the diffrecnce between liabilities and owner's equity?Owner and the Company/Firm are both the different entities. Owner's Equity itself is a liability for the firm/Company as the owner has invested it into the firm.

39.

what is repo market? I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview Why you choose commerce faculty & not science or Why you are in commerce & not in science ? What is mean by Corporate accounts? IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ? How to answer for the question, tell me about ur project? I mean in which format can i say? What is amortization? Capital-IQ What should be considered as best in the company's view either debt or equity? Explain briefly? Capital-IQ What is securities market? Capital-IQ What is operating cycle? Capital-IQ Which one is best to company either debt or equity? Capital-IQTHE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET Capital-IQ BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED Capital-IQRatio Analysis with its Ratios Bank-Of-America what is Dual Accounting Bank-Of-America

40.

What is Capital Management Wiprowhat are the questions commomly asked in reuter's interview.? what is the difference between debenture and shares Syntelwhat is fundamentals of accounting ? WHAT IS Z.B.B. ZERO BASED BUDGET? Capital-IQ What is treasury bills what is cash flow and funds flow? Difference between cash and funds flow? methods of cash flow Capital-IQ what is oppurtunity cost Capital-IQwhat is authorised capitla and subscribed capital Capital-IQ what is sunk cost Capital-IQStock Turnover Ratio? Capital-IQ What are operating Costs? Capital-IQWhat is Capital Expenditure Capital-IQ What is Zero Based Budgeting? Capital-IQWhat is meant by marginal cost? Infosys

41.

What is meant by Salaries Outstanding Accounts? HPwhat are the models of valuation of the company ipo Capital-IQWhat is exact difference b/w Accounts and finance IBM what is net worth Capital-IQ what is quick asset Capital-IQwhat are different types of invoice? WNS hwo to joine accountancy What do you mean by Investment Banking? HCLWhat is General Ledger Accenture what is business entity concept?

42.

what do you mean by BPO,KPO Accenture What is TDS Accenture what do you mean by Bank reconcilation statement Accenture what do you mean by Account receivables Accenturewhat do you mean by Accounts payable Accenture

FORFEITURE OF SHARESVS SURRENDER OF SHARES REALISATION ACCOUNT VS REVALUATION ACCOUNT Andhra-Bank RULE IN GARNER VS MURRAY INDEPENDENT BRANCHS HIREPURCHASE VS INSTALMENT PURCHASE DEFECTS OF SINGLE ENTRY SYSTEM MphasisACCOUNTING CONCEPTS AND CONVENTIONS INTE3RNATIONAL ACCOUNTING STD CA GOLDEN RULES OF ACCOUNTING HP

RECEIVABLES MEANS TO BE RECEIVED, ACCOUNT RECEIVABLES INCLUDES THE AMOUNTS WHICH HAS TO BE RECEIVED AGAINST SALES FOR WHICH RECEIVER HAS PROMISED TO PAY IN DUE COURSE OF TIME , THE PERSON OR THE FIRM IS CALLED DEBTORS

Accounts receivable is somtimes a 'Suspense' account. An advance is given by debiting this account for purchase of some article or item for which bill is not received immediately. After the expenditure is incurred and proper Invoice or Bill is received , this amount is reversed to the debit of the expenditure head or after Asset creation (in case of buying a fixed asset). In brief, accounts receivable may be a temporary advance and is expected to be wiped out, shortly.

43.

HOW MANY ACCOUNTING STANDARDS IN INDIA what is the use of activity based costing, process costing, product costing, what are the steps followed for the same Boschhow standard costing techniques are applied in manufacturing sectors Boschhow margnial costing is used in manufacturing sectors, what is the method/steps for using marginal costing Boschhi friends this veerendra i faced a qsn from accenture that is "if we use 2 retained earng a/cs what will happened and which places it will affect? give me explain what are the characteristics of financial accounting Genpact what is depreciation? Genpact bills receivables shows which balance Genpactafter adjusting the amounts accountant of the company prepares which accounts?? Genpactcompany prepares accounts sometimes on cash basis , sometimes on accural basis A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE Genpact

what are concepts and conventions of accounting Infosyscategory of acccount TCS What is peer group comaprision? Office-Tigerwhat is holding company? Capital-IQwhat is insider trading? Capital-IQ

44.

What is debt? Nagarjuna-FertilizersWhat is the significance of finance management in day to day life? What is the difference between Long term Loan and Debt? What is GDP??? what is the difference between debenture and preference share IndiabullsWhy are bond prices inversely related to interest rates ? ICFAIDESCRIBE A FAILURE IN PROFESSIONAL OR ACADEMIC LIFE?HOW TO OVERCOME LaSalleWhat are GAAP? BrigadeWhat is Royalty? What is Bear market? what is BSE? tell me the details about that? KotakWhat is EBIDTA? what is sensex,nifty and what is difference between those two WiproProfit is a Liability or asset? difference between Funds Flow and Cash Flow statements? EDSwhat is the major difference between ECBs and FCCBs. how is the accounting treatment done to them as to mitigate the forex fluctuation? What is equity? what are options? What is Beta? What are Mutual Funds?

45.

what is indirect tax? Capital-IQwhat is inflation? Capital-IQ what is repo rate? Capital-IQ what is public ltd company and difference between public ltd company and public sector undertaking? Capital-IQ What is venture capital? Capital-IQ what is bpo BPO What is Sensex? What is Nifty ? Difference between these two TCS Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them Golden-Sands

clasification of accounts Genpact can anybody describe about the accounts and financ ? what is difference between that , thanks in advance gurus Infosys Two candles of equal lengths and of different thickness are there. The thicker one will last of six hours. The thinner 2 hours less than the thicker one. Ramesh light the two candles at the same time. When he went to bed he saw the thicker one is twice the length of the thinner one. For how long did Ramesh lit two candles ?please describe full description CMCcan we assign one more currency to the client HCL Whatis new GL & Odd G.L What is the difference between these two. HCL

46.

What do you think you do well? Bank-Of-Americahow to create a profit and loss a/c Indian Iran Gas pipeline What is sezs What is your principles and values in life Ernst-Young what are all the books maintained in accounts for the purpose of excise? Alnkey-Financial what is capital work in progress? What is considered a healthy profit? Why would dividend declared not be included when calculating net income? How to enter an invoice already paid? India-Glycols

47.What is the difference between an Imprest and Non-imprest petty cash account? How to Determine Bad Debts Expense? Question and Answer of Accoutant SSC find the sum of all the numbers 1 to 1000 tell me something about urself? Accenture how to attract the HR person and give me tips BPO how to introduce ourself Kamkuo what are the uniform public construction cost accounting act procedures? what is the uniform public construction cost accounting act? What is the greatest difficulty in implementing FCA? What are the specific types of costs that FCA addresses? What part can management policy play in the analysis of cost behaviour? Explain the term linear approximation. What is the relevant range and why is it important to a full understanding of the behaviour of costs? What is the significance of the function y = a + bx?

48.vwhy a variable cost is said to be variable?

why a fixed cost is said to be fixed? Does the Summary Income and Expenditure account in the Charities SORP comply with the Companies Act 1985? Is fee income unrestricted income or restricted income? Who would NOT be considered "independent" in the context of an independent examiner? Do assets have to be analysed between funds? What information needs to be disclosed in accounts? Can grants made in stage payments but not yet received be accrued as grants receivable? Are service charges made on tenants' property rental to be regarded as incoming resources? How do you value freehold property investment assets? How do you identify the amount of realised gain or loss on the disposal of an investment asset? How do you assess the value of intangible assets such as copyrights and logos? How do we treat grants that are received in advance of the period when they are to be spent? How do we determine Market Value of shares? How are fund-raising and publicity and management and administration costs apportioned over funds?

49.How to value fixed interest stocks, at year-end? How should you treat money donated to improve a building, which is a permanent endowment? Who constitute 'staff' for the purposes of showing 'total staff costs' in the accounts? What does SORP mean? What is "investment cash" compared with "current assets cash"? What is Total Expenditure? What is Gross Income? What type of report and accounts should a company prepare? Does there need to be a declaration that the Trustee Investment Act 1961 has been complied with? Do assets have to be analysed between funds? Under the SORP, do you have to disclose fees received by a trustee for a professional service even if you have a charging clause in the Governing Document? What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts? Does the Commission have a policy on the holding of reserves? Can the Charity Commission recommend any accounting packages for charity accounts? When did the accounting requirements of the revised SORP & Regulations come into force?

50.

What accounting records must a non-company charity keep, and for how long? What accounting records must a company charity keep, and for how long? what is open item managed account? IBMMention the differencebetween consiner and consinee? what is the purpose of Aging bucket Report?

Explain the setup steps for Autoinvoice? MorepenWhat is BMP in IMS? Explain NAFCO? what is FBT? what is daily accrual? Explain the difference between inactive account and dormant account? what is shadow balance? Reliancewhat are time sheets?how they are maintained? what is the scenario of multi-org setup? How much percentage of discounts lost did you have in accounts payable ?percentage increased or decreased? what is the core accounts

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Job Placement Papers (All Companies)

Placement Papers>>GENPACT

GENPACT Placement PapersPaper Type : Whole Testpaper Test Date : 1 May 2006

GENPACT PATTERN & INTERVIEW - MAY 2006 There was a walkin and I went , they conducted two rounds over there which were

1)PIR (Personal Interaction Round) ie they giv us a topic n we hav to speak on that topic for few mins,which was easy basically they were testing our communication skills.

2)Written Test which includes few English passages,grammar,analytical and logical questions which can be done .

3)Interview:

They called me to come to their main office the interview was scheduled at 11 but my turn came at 12:30 pm .

The interviewer(I) was very cool,he took me(M) inside his cabin,it was in this way:

I: How r u feeling Mr.Amarender.

M: fine sir.

I: take ur seat.

M: than q sir.

I: say something abt ur self.

M: explained abt my educational background,my family back ground.

I: so u r from cse n u know all these languages.

M: s sir.

Asked q's from C lang basic q's covered all most all pointers,linked lists..

I:write a prgrm to find factorial of a number

M: done

I: write using recursion

M: tried,almost correct ,he helped me.

I:xplain me how it will be executed .

M: xplained step wise.

I: asked to write algorithm of Quick sort and xplain abt bubble sort.

M: xplained, was confused a little bit, he helped me.

Then he asked few q's from c++,java, OS,RDBMS.

Asked to write few queries which were a bit typical but done successfully.

The interview was all around 45 mins.

At last gave me shake hand, I just went outside and again returned back and asked him "Sir! Shall I leave!".

He said,give me 10 mins.

I waited for half an hr.

Later a lady called me and took for a HR ROUND.

She took me into her cabin and left said that she will b back in few mins,came after few mins.

HR:Introduced herself and askedme to xplain bat myself in detail.

Me: xplained.

HR: what were u doing from this one year.

Me:said that doing some course and trying parallelly.

HR: ur strengths.

Me:xplained.

HR: 2 major achievements in ur life.

Me:took some time, n managed to say only one.

HR : she was not convinced.

Me: I was a bit tensed.

HR: what do u know about GENPACT.

Me: xplained.

HR: that's it amar,any q's from ur side.

Me: I asked few q's like job desc etc.

HR: she xplained everything.

Finally she gave a firm shake hand and said thankyou, me also done the same thing.

Went outside again knocked the door and asked mam whn can I expect the feed back.

She said ,"give us 2 days".

I left, and one fine afternoon I received mail from them offering for a position in their organization.

I was really thrilled,not getting words to describe the moment.

At last I made it!

Thanks for everyone who supported me thru out my career.

(Paper Submitted By : Amarender)

Hi Seniors,

I need to recruit an Accounts- Manager for our company ( ours is a software Pvt Ltd Company)I have absolutely no idea of how to go about it.

Whats the interview process- do we need to have an aptitude test for the applicant, if yes what sort of questions.What are the key details to look for in an accountant What are the other details that i should be keeping in mind while recruiting for this positionAlso should i be looking at applicants only from the Pvt Ltd companies or is it fine even to look at applicants from other industries like Public sectors, Hotels, Manufacturing, etc.

If our Seniors could please throw some light on this, it will be extremely useful. I will be looking forward to your replies.Thanks in advance

rsubra123 - Member Since: Nov 2008Subject - Re: Interview procedure for an Accountant Pl.ensure the following while selecting the accounts manager.1)The candidate should have the basic degree plus Post graduate degree in commerce with specialisation in advanced accounts, auditing etc., coupled with professional qualification like CA, ICWAI, ACS etc., if required for your company's operations.2)Experienced accountant without CA and other qualification may also suit to your requirements.3)The candidate should be exposed to the accounting software like Tally and other SAP related softwares if needed.4)General appearance of the candidate, family background etc., can be ascertained about the candidate during the interview.5)Enquire the achievements that the candidate made during his past experience.6)Ascertain the confidence level of the candidate about his work.7)Enquire about the candidate's past reporting functions etc.,

Enquire about the candidate's experience in implementing systems and procedures.9)Enquire about his experience in finalisation of accounts, handling audit and statutory compliance.10)Any other informations required for your company.The above may be sufficient. You need not ask about General Knowledge and so and waste the time of senior candidate whom you are looking for Accounts Manager position.

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Sumita.am - Member Since: May 2008Subject - Re: Interview procedure for an Accountant Hi,

Thanks a million.Just 1 question, is it ok to take the candidate from a different industry like manufacturing, hotels, public sector or is it best to take someone from the IT industry itself. Will the tax procedures and the rest be the same for different industries?

Also how many yrs of exp should one have in finalization of accounts, handling audit and statutory compliance.

Attribution: http://www.citehr.com/132154-interview-procedure-accountant.html#ixzz1sDermDFq

 1

Finance Interview Questions

 What are accounting Principles?Infosys 

 w hat is financeBrigade 

w hat is the difference between P & L a\c and income & expenditure statementGenpact 

What are the important questionwhich some ask at the time of interviewof afinance companyICICITypes of Lease?Karvy 

 w hat is diff b/wbonds and debenture

 w hat is minority interestCapital-IQ 

 Giving a Loan and Credit Provision. What are the differences and the similarities of the two?

 What are fixed Assets and current Assets?

 What are the benefits of trade

liberalization? Describe

 WHAT IS BOTTOMLINE AND WHAT IS TOPLINE?Future-Group 

 What is BEP? Ho w is it calculated?Thomson 

 What is accounting?India-Info line 

 What is GP?

 What is free float market capitalisation?

 No

w days w hich type of fund is best in share market?India-Info line 

 w

hat do you mean by forex reserve

 Why do you w ant do your specialization in finance?Wipro 

 Who is the first president of RBI ?

 Stand form of PAT ?(profit after tax )

 What is Call Option?

 Which debt instrument is preferred by the company for financing?

Which government body calculates GDP and inflation of India?United-Bank-of-India 

 What are the key steps involved in formulating treasury

policy of a firm?TCS 

 What is the difference between ADR & GDR?

What is the meaning of portfolio management?

 what comes under portfolio management

 Can anyone supply FI-CO material in SAP?IBM 

 What is amortisation?

What is authorized Capital?

 Explain, w hat are basel-i and basel-ii?JPMorgan-Chase 

 What youwill find in Balance Sheet?

 w hat is the difference bet

w een stock & shares,Genpact 

 what is another name of NYSE

Explain howratios may be used to assess the profitability and liquidity of a business

What is the difference bet w een prepaid expenses and preliminary expenses?ICAI 

 Explain the Qualities of a smart investor?

 What is finance?