Creative Hands HR Consultancy Accounts Manager Bfsi Interview Questions and Answers

Q1. What is recruitement and why HR?
Ans. 
Recruitment is the process of attracting, selecting, and appointing suitable candidates for jobs, crucial for HR management.
• Attracting Talent: Recruitment involves creating job postings and utilizing platforms like LinkedIn to reach potential candidates.

• Screening Candidates: HR screens resumes and conducts initial interviews to shortlist candidates based on qualifications and experience.

• Interview Process: Structured in...read more
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Q2. Growth path for the next few years
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The growth path for an Assistant Manager involves skill development, leadership opportunities, and strategic project involvement.
• Skill Development: Focus on enhancing managerial skills through training programs, such as leadership workshops or project management certifications.

• Leadership Opportunities: Seek roles that allow for team leadership, such as leading small projects or mentoring junior staff to build experienc...read more
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Q1. What motivates you to pursue a career in HR ?
Ans. 
My passion for people, organizational growth, and fostering a positive workplace culture drives my pursuit of a career in HR.
• I enjoy helping individuals reach their potential, like mentoring a new employee to enhance their skills.

• I am motivated by creating a positive work environment, as seen when I organized team-building activities that improved morale.

• I believe in the importance of effective communication, which I p...read more
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Q2. What do you know about HR ?
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HR manages employee relations, recruitment, training, and compliance to foster a productive workplace culture.
• Recruitment: HR is responsible for attracting and selecting candidates. For example, they may use job fairs and online platforms to find talent.

• Employee Relations: HR addresses workplace issues and mediates conflicts, ensuring a harmonious work environment.

• Training and Development: HR organizes training program...read more
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Q3. Self Introduction
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Q1. What are different types of accounting ?
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There are several types of accounting, including financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a company.

• Management accounting involves analyzing financial data to help with decision-making and planning.

• Tax accounting deals with preparing and filing tax returns for individuals and businesses.

• Other types include forensic ...read more
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Q2. What is working capital ?
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Working capital is the measure of a company's liquidity and operational efficiency.
• Working capital is the difference between a company's current assets and current liabilities.

• It represents the funds available to a company for day-to-day operations.

• Positive working capital indicates a company's ability to meet short-term obligations.

• Negative working capital suggests a company may struggle to pay off its current liabili...read more
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Q3. Which accounting platform have you worked on ? which one do you prefer the most ?
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I have worked on QuickBooks, Xero, and SAP. I prefer QuickBooks for its user-friendly interface and comprehensive features.
• I have experience using QuickBooks, Xero, and SAP accounting platforms.

• QuickBooks is my preferred platform due to its user-friendly interface and comprehensive features.

• Xero is also a good platform, but I find it less intuitive than QuickBooks.

• SAP is a powerful platform, but it is more suitable for...read more
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Q4. What is TDS? where do you show TDS in balance sheet ?
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.
• TDS is deducted by the payer while making certain payments like salary, rent, interest, etc.

• It is deducted at a specified rate and deposited with the government.

• TDS is reflected in the balance sheet as a liability under the head 'TDS Payable'.

• The amount of TDS deducted is shown as a reduction in the respective expense or income in the prof...read more
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Q2. Concrete ratio
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