Hitachi Accountant Interview Questions and Answers

Q1. Some costs were provided and we have to distinguish if it were fixed or variable cost
Ans. 
Understanding fixed and variable costs is crucial for effective financial management in accounting.
• Fixed costs remain constant regardless of production levels (e.g., rent, salaries).

• Variable costs fluctuate with production volume (e.g., raw materials, direct labor).

• Examples of fixed costs include insurance premiums and property taxes.

• Examples of variable costs include shipping costs and utility expenses that vary with ...read more
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Q2. What is NPV and IRR
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NPV (Net Present Value) is a financial metric that calculates the difference between the present value of cash inflows and outflows. IRR (Internal Rate of Return) is the discount rate that makes the net present value of all cash flows from a particular project equal to zero.
• NPV helps in determining the profitability of an investment by comparing the present value of expected cash inflows with the present value of expec...read more
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Q1. Introduce about your self
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Detail-oriented accountant with 5 years of experience in financial reporting and analysis, seeking to leverage skills in a dynamic team.
• Bachelor's degree in Accounting from XYZ University.

• 5 years of experience in financial reporting and analysis.

• Proficient in accounting software like QuickBooks and SAP.

• Successfully managed a budget of $1 million for a mid-sized company.

• Strong analytical skills demonstrated through mont...read more
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Q2. In tally f7 voucher name
Ans. 
In Tally, F7 is used to create a Journal Voucher for recording financial transactions.
• F7 opens the Journal Voucher screen in Tally.

• Journal Vouchers are used for non-cash transactions, like adjusting entries.

• Example: Transferring funds between accounts or recording depreciation.

• You can enter debit and credit entries in the Journal Voucher.

• F7 is essential for accurate bookkeeping and financial reporting.
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My assignment report on Accountant

Q1. 1. Self introduction 2. Domain questions and basics of accounting. 3. Questions on tools currently which you are working or previously worked. 4. Situation based questions. Ex. Intervier can give you scena...read more
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Q1. Similar to the first round but this time more senior person will take your interview may be two person or sometime one person. This I am talking about senior position not for fresher level. Basically seco...read more
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Q1. Self introduction
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Q2. Why should hire
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Q3. Nothing else more then
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Q4. Nothing else more then
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Q5. Nothing else more
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Q1. What is your name
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Q2. What is your expectation about salary
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Q1. How to do excel
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Excel is a powerful spreadsheet tool for data analysis, calculations, and visualization, widely used in accounting and finance.
• Basic Functions: Use SUM() to add numbers, e.g., =SUM(A1:A10) to sum values in cells A1 to A10.

• Data Formatting: Format cells for currency, percentages, or dates to enhance readability.

• Pivot Tables: Create pivot tables to summarize large datasets, allowing for quick analysis of financial data.

• Ch...read more
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Q2. How to do accounts
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Accounts involve recording, classifying, and summarizing financial transactions to provide insights into a business's financial health.
• 1. Record Transactions: Use journals to record daily transactions, e.g., sales, purchases.

• 2. Classify Accounts: Organize transactions into categories like assets, liabilities, and equity.

• 3. Prepare Financial Statements: Create income statements, balance sheets, and cash flow statements ...read more
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Q1. Why you want to join Emerson
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I want to join Emerson for its innovative culture, commitment to sustainability, and opportunities for professional growth.
• Emerson's focus on innovation aligns with my passion for technology and problem-solving, as seen in my previous project on automation.

• The company's commitment to sustainability resonates with my values, especially in my volunteer work with environmental organizations.

• I am impressed by Emerson's glo...read more
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Q2. What do you know about ultrasonic flowmeters, coriolis mass flowmeter
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Ultrasonic and Coriolis mass flowmeters are advanced devices for measuring fluid flow using sound waves and mass principles.
• Ultrasonic flowmeters use sound waves to measure the velocity of a fluid, which is then converted to flow rate.

• Coriolis mass flowmeters measure the mass flow and density of a fluid by detecting changes in vibration frequency.

• Ultrasonic flowmeters are non-intrusive and suitable for various applicat...read more
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