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Wells Fargo Accountant Interview Questions and Answers
Wells Fargo Accountant Interview Experiences
2 interviews found
Anonymous
Talent to show the platform
It’s about to speak about 1 min of my village
(1 Question)
- Q1. Tel me about your self What is golden rule of accounting What is bank reconciliation statement etc…
- Ans.
I am a detail-oriented accountant with experience in financial analysis and reporting. The golden rule of accounting is to debit the receiver and credit the giver. Bank reconciliation statement is a process of matching the balances in a company's accounting records to the corresponding information on a bank statement.
Golden rule of accounting: Debit the receiver, credit the giver
Bank reconciliation statement: Matching ...
Aptitude question were there in first round
(1 Question)
- Q1. Accounting question were there in second round
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I applied via Company Website and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Background check
- Q2. Work history and skills
Interview Preparation Tips
(2 Questions)
- Q1. Accounting Standards
- Q2. International financial reporting
(2 Questions)
- Q1. Talk me through your CV
- Ans.
I have a diverse accounting background with experience in financial reporting, auditing, and tax preparation across various industries.
Education: I hold a Bachelor's degree in Accounting from XYZ University, where I graduated with honors and completed an internship at ABC Firm.
Professional Experience: I worked as a junior accountant at DEF Company, where I assisted in preparing monthly financial statements and reconcil...
- Q2. Why do you want to work here
I applied via Referral and was interviewed before Nov 2020. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. What is bond?
- Ans.
A bond is a debt security that represents a loan made by an investor to a borrower.
Bonds are issued by corporations, municipalities, and governments to raise capital.
They have a fixed interest rate and a maturity date when the principal is repaid.
Bonds are generally considered less risky than stocks but offer lower potential returns.
Investors can buy and sell bonds on the secondary market.
Examples of bonds include U.S....
- Q2. What is Fund Accounting?
- Ans.
Fund Accounting is a specialized accounting system used by non-profit organizations and government agencies to track and manage funds.
It involves tracking and reporting on the financial activity of specific funds or grants.
It ensures that funds are used for their intended purposes and that financial reports are accurate and transparent.
Examples include tracking donations to a non-profit organization or managing governm...
Interview Preparation Tips
I applied via Walk-in and was interviewed before Jul 2021. There was 1 interview round.
(1 Question)
- Q1. What are the types of derivatives?
- Ans.
Derivatives are financial instruments that derive their value from an underlying asset or security.
Types of derivatives include futures, options, swaps, and forwards.
Futures are contracts to buy or sell an asset at a predetermined price and date.
Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price and date.
Swaps involve exchanging cash flows based on different finan...
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. Tell me about yourself
Interview Preparation Tips
I applied via Walk-in and was interviewed before Jun 2020. There were 5 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Basic accounts and finance questions
- Q2. If you dont know answer better be straight forward about it
Interview Preparation Tips
I appeared for an interview in Jan 2017.
Interview Questionnaire
3 Questions
- Q1. 1. Why do you want to join Citi?
- Ans.
I want to join Citi because of its global presence, strong reputation, and opportunities for growth.
Citi is a global company with a presence in over 100 countries, which provides an opportunity to work with diverse teams and gain international exposure.
Citi has a strong reputation in the financial industry, known for its expertise and innovative solutions.
Citi offers excellent career development opportunities, includin...
- Q2. 2. Why do you want a career in banking? And not consulting or finance?
- Ans.
I am interested in a career in banking because of the opportunities for growth, the dynamic nature of the industry, and my passion for financial analysis.
Opportunities for growth: Banking offers a wide range of career paths and opportunities for advancement. I am excited about the potential to develop my skills and progress within the industry.
Dynamic nature of the industry: Banking is constantly evolving, with new tec...
- Q3. 3. How has the Indian Economy performed in the past 2 years?
- Ans.
The Indian economy has experienced mixed performance in the past 2 years.
GDP growth rate has fluctuated
Demonetization and GST implementation impacted the economy
Unemployment rate has been a concern
Inflation has remained relatively low
Foreign direct investment has increased
Agricultural sector faced challenges due to weather conditions
Interview Preparation Tips
Experience: My resume had gotten shortlisted for the profile of an Analyst. This was the first stage.
Round: Group Discussion
Duration: 20 minutes
College Name: Lady Shri Ram College
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