Network Engineer Interview Questions and Answers
Network engineers may work internally as part of an organization’s IT Support team or externally as part of an outsourced IT networking consultancy firm working with a number of clients. Network engineers are responsible for implementing, maintaining, and supporting, developing and designing communication networks within an organization or between organizations. The work however is influenced by the size and sector of the employing organization. Following are some frequently asked Network Engineer interview questions and answers. Make your preparation with these questions and answers before appearing for your interview.
1 Q: What is a DOMAIN? What is the difference between a domain, a workgroup and a homegroup?
A: DOMAIN is created when we install Active Directory. It is a security boundary which is used to manage computers inside the boundary. Domains, workgroups and homegroups represent different methods for organizing computers in networks. The main difference among them is how the computers and other resources on the networks are managed.
2 Q: What is the difference between standard and extended ACL?
A: Standard ACL’s are source based, whereas extended ACL’s are source and destination based. Standard ACL’s can only filter layer 3 network traffic, while extended ACL’s can be used to filter layer 3 and layer 4 as well.
3 Q:. Why do we use routing?
A: By default, a router provides inter network communication only for directly connected networks. To establish communication between indirectly connected networks, we require routing. We can use static or dynamic routing according to topology requirement.
4 Q: What is the difference between switch and hub?
A: The difference between a switch and a hub is that a switch can handle multiple communications between the computers attached to it whereas a hub handle one at a time.
5 Q: What is Remote Access Services?
A: Remote Access Services refers to any combination of hardware and software to enable the remote access to tools or information that typically reside on a network of IT devices.
6 Q: What is the difference between client mail and web mail?
A: An email client is software installed on your computer that is used to access the email server your service uses. Webmail however is a server that you log into over the internet. The email client downloads your emails onto your computer the same way you download any other file from the internet. With webmail, the emails are left on your provider’s servers and that is where they stay unless you delete them. Gmail, yahoo and hotmail are the biggest names in webmail services. Outlook, Incredimail, and thunderbird are email clients that are installed on the computer and used to access email.
7 Q:. What is the difference between firewall and antivirus software?
A: A firewall is a filtering device. This filtering can be either built in or user defined. It controls incoming traffic usually by rules created by the firewall administrative to prevent invasive probing and attacks to the servers, PCs and other devices on your local or wide area network. Antivirus software is usually a scanning software with a subscription service that provides the scanner virus definitions allowing it to search files,incoming,outgoing,and stored on hard drives and other storage devices which can be potentially hazardous to your internal network or PC.
8 Q:. What is the difference between dialup and broadband?
A: A broadband connection provides high speed internet access over a standard phone line. The advantage of a broadband connection over a standard dial up service, is that Broadband is considerably faster and is always on meaning that once you are logged on, your PC is online until the PC is turned off again. Broadband offer high speed internet access and allows telephone calls and a permanent internet connection to share a single phone line simultaneously whereas in Dialup connection either internet connection or telephone call can be made at given time.
9 Q:. What is Spam guard?
A: Spam guard helps radically reduce the amount of spam you receive in your inbox by diverting most of it to your bulk mail folder. Spam guard constantly updates itself to recognize and deflect more spam each day. When turned on, emails that are sent out in bulk are delivered to your bulk mail folder and are deleted after 30 days.
10 Q: What is NIC?
A: A network card, network adapter or NIC (network interface controller) is a piece of computer hardware designed to allow computers to communicate over a computer network. A network interface card provides the computer with a dedicated full time connection to a network. Personal computers and workstations on a local area network typically contain a network interface card specifically designed for the LAN transmission technology.
Categories: Job Interview Tags: Engineer Interview, Interview Question Answers, Networking
Chemical Process Engineer Interview Questions and Answers
Chemical process engineers also called process engineers are chemical engineers who work on the creation and manufacturing of chemicals such as pharmaceuticals. They take part in the research, development, testing and evaluation of manufacturing process. Day to day duties of chemical process engineer vary depending on the industry. Process engineers can be employed in companies of any size, as most companies must find ways to make their chemical processes more efficient , cost effective, and compliant with environmental and safety regulations. Read below some frequently asked Chemical Process Engineer interview questions and answers.
1 Q: What are the important activities of a chemical engineer?
A: Some of the important activities of a chemical engineer are to perform intimately with process chemist as well as management engineers to make sure that the production unit is ready to produce maximum output with effective operation, to ensure all possible safety issues concerning the process operator and environment, to engage in upgrading and troubleshooting activities etc. You should read the job description before appearing for the interview. It will help you in answering this question very well.
2 Q: What is a chemical reactor?
A: A chemical reactor is a device which is used to contain controlled chemical reactions. Reactions take place inside the reactor, in conditions which can be monitored and controlled for safety and efficiency. These types of reactors are used in the production of chemicals such as components of pharmaceutical compounds, and they can operate in several different ways.
3 Q: What are the factors that come under operation cost?
A: The operating cost comprises many factors including energy input, raw material cost, energy removal, labor etc.
4 Q: What is electro catalyst?
A: An electro catalyst is a catalyst that participates in electrochemical reactions. Catalyst materials modify and increase the rate of chemical reactions without being consumed in the process. Electro catalysts are a specific form of catalysts that function at electrode surfaces or may be the electrode surface itself. The electro catalyst assists in transferring electrons between the electrode and reactants and facilitates an intermediate chemical transformation described by an overall half reaction.
5 Q: What is Deacon reaction?
A: The deacon process is a process used during the manufacture of alkalis by the Leblanc process. Hydrogen chloride gas was converted to chlorine gas, which was then used to manufacture a commercially valuable bleaching powder, and at the same time the emission of waste hydrochloric acid was curtailed. The reaction takes place at about 400 to 450 degree Celsius in the presence of a variety of catalysts including copper chloride.
6 Q: Define entropy.
A: Entropy, a measure of the disorder in a system containing energy or information. The less ordered a system is, the greater is its entropy. In thermodynamics, entropy is given in terms of the heat transferred to or from a substance at a given temperature.
7 Q: Explain the third law of thermodynamics
A: The third law of thermodynamics is essentially a statement about the ability to create an absolute temperature scale, for which absolute zero is the point at which the internal energy of a solid is precisely 0. Three potential formulations of the third law of thermodynamics are
- it is impossible to reduce any system to absolute zero in a finite series of operations.
- The entropy of a perfect crystal of an element in its most stable form tends to zero as the temperature approaches absolute zero.
- As temperature approaches absolute zero, the entropy of a system approaches a constant.
8 Q: What is the difference between horizontal and vertical heat exchanger?
A: The main difference between horizontal and vertical heat exchanger is residence time fluid which flow in horizontal heat exchanger gets more residence time as compared to vertical heat exchanger.
9 Q: What is the difference between unit operation and unit process?
A: A pure unit operation involves only a physical change examples drying, size reduction, distillation, filtration etc. where as in general unit operation involves physical and chemical change. And a unit process is a number of unit operations grouped together in a manufacturing system.
10 Q: Why should we hire you?
A: It is time to prove yourself as a suitable fit for the organization. Describe about your knowledge, skills and experience in order to stand apart from other candidates. However, you should remember, not to repeat what you have already said. Say in a positive and confident tone so as to impress the interviewer.
Categories: Job Interview Tags: Chemical Process, Engineer Interview, Interview Question Answers
IT Fresher Interview Questions and Answers
For an IT Fresher interview it is necessary to take the time to know about the company and about the job you are interviewing for. In order to be successful, you need to mention the skills and abilities that are required for an IT Fresher. Preparing yourself with some frequently asked questions is very necessary so as to be successful in your interview. Below are some frequently asked IT Fresher interview questions and answers for your preparation. During your interview you need to be confident while answering questions so as to impress the interviewer. You should also be prepared with some technical questions which are also asked by interviewers.
1 Q: Say something about yourself.
A: While answering this question you need not repeat the information that is already written in your resume. Say only relevant and important details. As a fresher, you don’t have anything to talk about your previous job, so you can very well describe about your qualities and achievements. Do not make it very long. You should know where you need to stop.
2 Q: What do you know about our company?
A: Do a good research about the company like its history, profile, achievement and activities. You need to give only the main points and also add some information which is useful for the company. For this you have to spend time on websites, press release, journals etc. The interviewer is interested in finding out whether you are interested in the company or not.
3 Q:. Are you able to handle pressure?
A: As a fresher, it is important for the interviewer to find out whether you will be able to work effectively under pressure. You should answer in an optimistic and positive way. You should say that you take pressure as a challenge and would like to work under pressure. You can give examples of your projects which you have done in the past and where you had to work under pressure to meet the deadlines.
4 Q: What has been the greatest disappointment in your life?
A: You can mention about your personal disappointment also. It is not necessary that everyone will have a career related disappointment. Whatever you say it should not reflect your weakness. Say about how you moved on after facing the disappointment.
5 Q: Do you prefer to work independently or in a team?
A: As an IT Fresher, it is very important that you have within yourself great team spirit. Be ready to give examples. You need to give good evidence of your team spirit and say that you can work in both ways. Do not talk too much about yourself. You should be aware of what you have to say.
6 Q: What is your greatest strength?
A: You should mention your strengths which are related to the job of an IT Fresher. The interviewer is looking for work related strengths. Whichever strength you say, you should be prepared with your answers. You can say about your technical skills, positive attitude etc. You should be able to impress the interviewer with your answer.
7 Q:. What is your biggest weakness?
A: Do not deny that you have no weakness. Mention a small work related weakness. You can also say your weakness which can be treated as your strength also. However, if you are mentioning your weakness, also give what measures you are taking to overcome and improve it. It is all about how you evaluate yourself and answering in a positive way to the interviewer,
8 Q:. Why we should hire you?
A: You need to answer this question very carefully. You need to bring out your skills to show why you are a suitable fit for the organization. You need not make comparisons with other candidates. Just mention how you are suitable for this position. Describe how you will contribute to the company using your skills and abilities. Also highlight some of your achievements in relation to the job position.
9 Q:. Why do you want this job?
A: Be specific in your answer. You cannot say that because the salary the company is offering is good as your reason. Describe about the company’s values and good working environment as reasons for your working in this company. You need to be prepared for this answer beforehand. Be positive and realistic in your answer.
10 Q: Who are our main competitors?
A: The interviewer wants to know whether you are aware about the company and its competitors. Highlight some similarities and differences between the company and its competitors. For this you need to do an analysis before appearing for the interview. You need to show the strengths of the company.
11 Q:. What are you looking for in a job?
A: Give a generic answer to this question. A good working environment as well as a place to learn and contribute can be your answer. You need not mention about a specific job or say about other companies. A generic answer is what the interviewer required for this question.
12 Q: Are you applying for other jobs?
A: If you are serious about joining a company, it is likely that you will be applying to other jobs as well. Be honest in your answer but do not give too much detail as to which companies you are applying. If asked about the names of the companies, you can always deny as it is not essential to name companies.
13 Q: Do you have any questions for me?
A: Always be prepared with some questions. Come up with some good questions. You will also be judged on this as to what type of questions you ask. Do some research and ask questions on that basis. Don’t ask more than three or four questions. It is better to ask limited and generic questions.
Categories: Job Interview Tags: Interview Question Answers, IT Job Interview
Insurance Sales Agent Interview Questions and Answers
The duties of an Insurance sales agent include selling life, property and casualty, long term care, health and disability insurance policies. Insurance agents frequently travel to make sales, check on clients and investigate claims. Self motivation, good sales and communication skills are required to be an Insurance Sales Agent. The demand of insurance sales agent is increasing nowadays as there is a greater demand of financial products. Following are some frequently asked Insurance Sales Agent Interview questions and answers along with their answers. Be prepared for your interview with these questions which are given here for your reference.
1 Q: Tell me about yourself.
A: You can start by saying about your qualities. Find out what qualities are required for an Insurance Sales Agent. For a sales agent, ability to communicate, ability to handle rejection etc. are few essential skills. You can describe about your work experience and also relate your answer to the job of Insurance Sales Agent. Make sure your answer is not too long. Two minutes of talking is enough for this question.
2 Q: What do you think are the most important skills required for an Insurance Sales Agent?
A: Mention few essential skills that are required in an Insurance sales Agent. For example some skills are good communication, self motivated, selling skills etc. You can also describe where you have shown such skills in your previous jobs. The interviewer will look upon you as a person who possesses skills that are required in an Insurance Sales Agent.
3 Q:. What are your career goals?
A: The interviewer wants to know your real interest in being in the position of an Insurance Sales Agent. With the changing economy it is difficult to predict the future but you need to have career goals in your life. Provide a reasonable and logical answer to the interviewer. You can give your past experiences of promotions and how you have achieved them. Also mention how you will achieve your future career goals.
4 Q: Do you know about our company’s policies and products?
A: This is the time to show them that you have taken the time to research their company in particular. Highlight the main company policies and products and services they offer. You need to describe about the important insurance policies and what the key features of the policies are. You need to include only the main and important points in your answer.
5 Q: What do you think is the biggest challenge of this position?
A: Say honestly about what you think as the biggest challenge of this position. You need to also bring out the steps you are taking to overcome the challenge. Mention your liking towards accepting challenges and describe how you achieved the previous challenges in your job.
6 Q: Explain a time when you worked effectively under pressure.
A: Some people work effectively under pressure. Be positive in your answer and give examples of situations where you effectively performed in your work. Say that some amount of pressure is necessary to achieve success in work and you very well like to work under pressure as it brings out the best in you.
7 Q:. What do you like and dislike about being an Insurance sales agent?
A: The interviewer wants to know your preferences towards this position. Your likes and strengths should relate to the main priorities of this position. For example, if your strength is good communication skills, then you can very well say that you enjoy interacting with people in a sales job. When saying about dislikes you need to be very careful. Say something which does not directly relate to you. Instead you can bring about a weakness of your previous company. Avoid saying much about your own dislikes as the interviewer may think of you as unfit for the position.
8 Q:. Why should we hire you?
A: The main aim here is to sell yourself. Mention your skills and abilities which will help you to contribute to the organization. You need to show yourself in a good picture. Give a unique answer to make the interviewer think you as a suitable candidate for the position. Basically you need to mention about your unique selling proposition that makes you stand apart from other candidates.
9 Q:. What do you think are your greatest strengths?
A: Mention your positive qualities that you possess. It is important to do your research about the type of work you are interviewing for. Relate your strengths to the qualities required for an Insurance Sales Agent. Also, provide with examples where you have shown your strength in your previous jobs.
10 Q: How do you react to criticism?
A: The interviewer is trying to find out about your ability to handle criticism from customers or your reporting authority. It is always advisable to respond in a positive way while reacting to criticism.
11 Q:. Why did you join the insurance sector?
A: You need to be aware about the insurance sector in order to answer this question. Talk about the size of the industry and how it is growing and the opportunities that are available. Also, correspond your skills with the requirements of the sector and how suitable are you for this industry. Be brief and answer to the point.
12 Q: How long would you expect to stay with this company if we hired you?
A: You need not mention the number of years you would stay with this company. Make sure you know whether the company is offering you a temporary or a permanent position. You answer will be based on this. But you should ensure the interviewer that you are not going to jump soon for the next opportunity. Show your commitment and loyalty to the job that you take on.
Categories: Job Interview Tags: Insurance Interview, Interview Question Answers, Sales
Equity Research Analyst Interview Questions and Answers
Equity research analyst helps clients in making investment decisions. Equity research analysts have expert knowledge and insight into stocks and bonds. They are responsible for monitoring the trends in specific industries, initiate and supervise research on companies in those sectors and recommend what stocks investors should buy or sell. Good preparation has to be made for the job of Equity research analyst. Following are some frequently asked questions for Equity Research Analyst interview. Prepare for your interview with these questions, the answers for which are given below. However, it is always advisable to prepare for other questions as well.
1 Q: What are the important skills for an equity research analyst?
A: Communication skills are important as the equity research analyst has to interact with clients and industries. Apart from this, other important skills include complex problem solving skills, critical thinking and report writing skills. You can also say the skills you possess which are also required for an equity research analyst.
2 Q: What are the key tasks of an equity research analyst?
A: The key tasks of an equity research analyst include conducting statistical stock market research and drafting an appropriate investment decision based on the research analysis. They are also responsible for analyzing and compiling the financial data on all the factors and keeping track of the latest market trends. However, one should answer as per the job description of the company.
3 Q:. In what industries have you worked as Equity research analyst?
A: The interviewer wants to get an idea of the experience you have in different industries. Mention the names of the industries or companies you have worked with. Also give an idea about the clients you have worked for.
4 Q: What do you think are the characteristics of a successful equity research analyst?
A: A successful equity research analyst will have characteristics like self motivated, focused, risk taker, intelligent and influential. They are also strong team players who also have a passion for technology.
5 Q: What experience you have as an equity research analyst?
A: Describe about your experiences and responsibilities of your past job. Provide some learning experience associated with your job and also the skills gained in the process. Give a confident answer but try to keep it short and simple. Highlight only the important areas.
6 Q:. What are your strengths and weaknesses?
A: Mention the strengths which relate to the job of Equity Research Analyst. Say with specific examples. Explain where you demonstrated these strengths. While mentioning about your weakness care should be taken to convey in a positive tone. Also add what steps you are taking to overcome your weakness.
7 Q:. Are you satisfied with your career as an Equity Research analyst?
A: You have to be honest in your answer. The interviewer wants to know the amount of satisfaction you have with your job. Show how motivated and satisfied you are with your career choice. It’s better if you are not thinking to change as you will be thought of as unfit for the job.
8 Q:. Why do you want to join our company?
A: You should avoid answers such as you want to join because you want to learn or you have interest in the company. Say something like you want to make your contribution to the company and describe how you plan to do it. You can also add about the reputation of the company.
9 Q:. Describe a short term goal you have set for yourself.
A: Mention about a goal which you plan to achieve within a year or two. Whatever goal you say should be about your career and also describe how you intend to achieve the goal. Also show your enthusiasm and desire to succeed; this will indicate to the employer that you are a motivated and inspired employee.
10 Q: Where do you see yourself in five years?
A: Here you need to focus on your long term career goals and aspirations. Your goals should be realistic and attainable within a five year period. Describe how you are planning to achieve these set goals. Do not say anything related to your personal goals. Keep your goals professional and achievable goals.
11 Q:. Why are you leaving your present job?
A: Never answer with negative reasons for this question even if you feel they are true. Give a positive answer as to why you want to move to the company. You can answer by saying growth or newer opportunities etc. Avoid saying any personal issues for leaving your previous company. Keep it short and give only one reason for leaving your present job.
Categories: Job Interview Tags: Analyst, Equity Research, Interview Question Answers
Assistant Manager Interview Questions and Answers
The assistant manager’s position is mostly in sales, food, and hotel businesses. The assistant manager’s interview is not an easy one. Before appearing for the interview, it is advisable to be prepared with answers of some common questions. Even if you are experienced you will need a little preparation before facing your interview. Given below are some assistant manager interview questions along with answers. These questions are most frequently asked by interviewers for interviewing for the post of assistant manager. However, you should be prepared for some unexpected questions as well.
1 Q: What according to you is the importance of an assistant manager in a company?
A: Assistant manager’s role is a very challenging role. Assistant managers are required to apply management skills for managing the company. They are responsible for communicating with employees, senior managers and customers also. Assistant managers are mainly responsible for assisting the senior managers. Thus, assistant managers are important in a company.
2 Q: Do you find the job of an assistant manager as interesting?
A: An assistant manager is a management job and hence interaction with people is necessary. In such a role one can improve their interpersonal skill, adaptability, problem solving and ability to multitask. Since there are many opportunities to learn in this role , the job of an assistant manager is an interesting one.
3 Q:. Are you aware of the work pressure in an assistant manager’s position?
A: There are definitely work pressures involved in an assistant manager’s job. You should always answer this positively adding that working under pressure makes you work more efficiently. Work pressure will not be a difficulty for you but help you work in a better way.
4 Q: Do you know about the responsibilities of an assistant manager?
A: If you already have work experience, you can easily answer because you will very well know the responsibilities. If you are facing such an interview for the first time, it is better to read about the job description before appearing for the interview. The main responsibility of assistant manager is to assist the senior manager in daily works of the company. Assistant manager also has to acts as a medium to communicate between the staff and the senior manager. Employee training and client servicing are other responsibilities.
5 Q:. In your previous job, did you face any kind of challenges?
A: Here the interviewer wants to know how you handled problems or challenges in the past as you will be getting challenges in future also. Provide an example to the interviewer when you faced a challenge and how with your skills you were able to overcome the same.
6 Q:. You will be responsible for assigning works to your juniors. What will be your way of assigning work?
A: The interviewer wants to find out through this question how you delegate tasks to your juniors. You need to remember about the deadlines and use ways for improving the performance of the employees.
7 Q:. In what way have you demonstrated your decision making skill in your previous job?
A: You need to answer this question in a very simple and brief manner. Decision making is always done after taking into consideration all the possible alternatives and then choosing the appropriate one. Also, include in your answer, that your decision will be based taking into account available resources and limitations.
8 Q:. Have you ever been criticized for your work in your previous job?
A: The answer here should be given in a very intelligent manner. As the answer will bring out negative qualities, you have to say it in a way that does not make you unfit for the job. Bring out something positive like you gave your best and you took the criticism in a positive way and how it helped you in future. You have to give an impressive answer to such a difficult question.
9 Q:. What was your reason for leaving your previous job?
A: Whatever may be the reason, you should include only positive reasons in your answer. You should always acknowledge whatever you learnt from your previous employer. Your skills improved and plus you gained experience from your previous job. Never ever criticize about your previous job.
10 Q: How will your co workers describe you?
A: The answer you give should be in line with the job you have applied for. You can say few words abut how people talk about you like hard worker or reliable. Whatever you say must be positive and it is better to keep the answer short and to the point.
11 Q:. What is your greatest achievement till date?
A: Your greatest achievement should be something from your previous job and it should relate to the job you are applying. Do not make your answer lengthy but include all necessary details so as to give an impressive answer to the interviewer.
12 Q. Did you have any issues with your previous boss?
A: This is a very difficult question. You should always avoid saying that you had issues because if you say this, you will not be considered for the job. Just answer in a straight manner that you never had any issues.
13 Q. Are you comfortable working in a team?
A: In an Assistant Manager’s position, you have to work with your senior manager and your juniors. So working in a team is essential. You cannot work independently in any company. You should always be able to work in a team. So your answer will be a yes.
14 Q. Why do you want to work as an assistant manager?
A: You should mention that this role suits you at this point of your career. Also, talk about the benefits the company is offering for this position. You can also add about the company’s good reputation. Whatever you say should sound convincing.
Categories: Job Interview Tags: Interview Question Answers, Manager Interview
Accounting Interview Questions and Answers
Before appearing for your Accounting job interview, it is necessary to get yourself prepared with few questions that are frequently asked by interviewers. For any department in an accounting firm, some basic questions are generally asked and so appropriate answers must be prepared by candidate. The following questions and answers will provide an insight on what kind of questions can be expected during the interview.
Q: After working here for few years, will you take up my job designation?
A: Yes, if you have been promoted, I would like to take up your role. Under your guidance and on my past and current performance I would qualify as one of the candidates for your job designation.
Q: You already know promotions are slow in our company. What is your view if after working for five years, you are not promoted?
A: I believe every company has its own methods of giving promotions to employees. If I find my job satisfactory where there is an opportunity to learn and grow, I won’t mind not getting promoted. Also, as I am a very patient person, I would wait for the time the company thinks I deserve to get promoted. Meanwhile, I hope the company is following different methods of keeping employees motivated.
Q: Explain how you will prepare a cash flow statement.
A. From the net income, adjustments have to be made for all miscellaneous expenditure, depreciation, dividend or interest paid or received and changes in working capital to arrive at the cash flows from operating activities.
Cash flows from investing activities are arrived by making adjustments for all receipts or purchase from sale of long term assets or investments and capital expenditures.
Cash flows from financing activities are arrived by making adjustments for issued share capital, loans or debentures, interest or dividend paid and redemption of preference shares, debentures or loans.
The total change in cash is arrived by adding all cash flows from operating, investing and financing activities. Subtracting the opening cash balance of the period from this change in cash allows you to arrive at the closing cash balance of the period.
Q: Explain the term working capital?
A: The term working capital means the difference between current assets and current liabilities. The amount of current assets and current liabilities are obtained from a company’s balance sheet. Working capital denotes the amount of capital needed by a company for day to day functioning. Working capital is also known as operating capital.
Q: Can a company show positive cash flows but be in great trouble?
A: Yes, this is because the company may be selling off its long term assets and delaying payables. Therefore, the source of cash flow will be investment activities and cash flow from operations will be negative and hence the company will be in trouble.
Q: Can a company showing a positive net income go bankrupt?
A: Yes, a company which shows a positive net income can go bankrupt. It usually happens when a company has slow recovery of accounts receivables, increased inventories and accounts payable.
Q: An increase in accounts receivable is shown as a cash reduction in the cash flow statement. Explain why?
A: An increase in accounts receivables increases the net income and hence the company can expect payment in the future. In order to adjust the net income to cash flow, the increase in accounts receivables is deducted from net income. Such adjustment is done because cash has yet to be received for accounts receivable.
Q: Explain the term goodwill.
A: Goodwill is an intangible asset in accounting. Goodwill is accounted for when a company acquires another company. Such acquisitions increase the value of the combined firm and so the purchase price paid exceeds the market value of the acquired company and thus this difference is termed as goodwill and is necessary to be recorded in the acquiring company’s books.
Q: Your resume shows that you were fired twice from your job. What do you have to say about this?
A: Yes, I was fired twice but this has made me more stronger. After being fired, I got jobs in reputed firms which gave me more responsibility and offered me more salary. It’s all about how you take this situation. I handled it in a more positive way and have learned from both the situation.
Q: Your resume shows gap in your employment, what was the reason for this gap?
A: I had a baby and since there was no one to take care of my baby, I resigned from my job. It was difficult for me to leave my job as I had been working for so many years but at that time my priority was my baby. Now that he has grown up and there is a care taker to look after him, I can devote myself properly to my job. I am looking forward to making a significant contribution to your company.
Q: Have you applied or appeared for interview in any other company?
A: For such a question, you should always answer the truth. If you have applied for other interviews as well you should stress the preference for the current role . Also, the other interviews applied should be in the same occupational role. With such an answer, an image of consistency is created in the eyes of the interviewer. One point to remember is to never mention about the companies that have rejected you. The basic objective of the interviewer through this question is that they want to find out whether you are serious for the job and your consistency in the job role and also how much value you have for the current job interview.
Q:. In choosing your university what factors influenced your choice?
A: Answer this question honestly. You can include your in your answer factors such as availability of that particular course which you opted, location preference, area of interest, teaching quality of the university, cost factors and also reputation of the university. Provide a clear and convincing answer to the interviewer.
Q: In accounting, how many types of business transactions are there?
A: There are two types of business transactions in accounting. Capital transactions are those that involve fixed assets and such type of transaction will be recorded in balance sheet. Revenue transactions are those that involve profit or loss activity such as goods sold and purchased by the company. These expenses are recorded in the profit or loss statement of the company.
Q: What is departmental accounting?
A: Departmental accounting is a type of accounting where separate accounts for each department are created and maintained. Departmental accounting records activities and financial information about each department. Each department has its own accounting system to keep track of revenues and expenses. Such type of accounting helps in determining which department is profitable.
Q: Define the basic accounting equation?
A: The basic accounting equation represents the relationship between assets, liabilities and owner’s equity of a business. This equation is expressed as assets equal to liabilities plus capital. When a company keeps accurate records, the accounting equation will always be in balance that means assets will always be equal to liabilities plus capital.
Categories: Job Interview Tags: Accounting Questions, Interview Question Answers
HR Round Interview Question Answers
I have Attached HR Round Interview Question Answers
You never know what you will be asked on an interview. The following management interview question list will help you prepare. You need to be able to answer all questions truthfully and professionally. Here are the tough interview questions and answers:
Q. Why are you considering leaving your present job?
A. Regardless of the reason, do not bad mouth your current employer. Negativism will always hurt you. Good answers include: “There is no room for growth at my current employer. I am looking for a company with long term growth opportunities”. “Due to a company restructuring, my entire department is relocating to Florida. I was give the option of moving, but do not wish to relocate”. “My current company is not doing well, and has been laying off employees. There is no job security there, and more layoffs are expected”.
Q. What are your goals for the future?
A. “My long term goals are to find a company where I can grow, continue to learn, take on increasing responsibilities, and be a positive contributor”.
Q. How do you handle stress and pressure?
A. “I find that I work better under pressure, and I enjoy working in an environment that is challenging.” “I am the type of person that diffuses stress. I am used to working in a demanding environment with deadlines, and enjoy the challenges.”
Q. What do you know about our company?
A. This question is used to see if you have prepared for the interview. Candidates that have researched the company are more appealing. Companies like prepared, organized candidates.
Q. We have met several candidates. Why are you the one we should hire?
A. Give definite examples of your skills and accomplishments. Be positive, and emphasize how your background matches the job description.
Q. What are your greatest strengths?
A. Be positive and honest. “My greatest strength is maximizing the efficiency of my staff. I have successfully lead numerous teams on difficult projects. I have an excellent ability to identify and maximize each of my staffs strengths.” Give examples.
Q. Tell me about your greatest weakness?
A. It is very important to give a strength that compensates for your weakness. Make your weakness into a positive. “I consider myself a ‘big picture’ person. I sometimes skip the small details. For this reason, I always have someone on my team that is very detail oriented.” Another good answer: “Sometimes, I get so excited and caught up in my work that I forget that my family life should be my number one priority.”
Hopefully these interview questions and answers will help you. It is important to customize the answers for your specific background and experience.
Now that we have gone over the tough interview questions and answers, you need to be aware of important resources that can make your job search easier and more thorough.
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