INTERVIEW COMPETENCY BASED QUESTIONS AND CV GO OVER Flashcards
What are 3 examples of common budgeting methods?
1) Zero based budgeting
2) Incremental budgeting
3) Value based budgeting
What happens on an income statement when the value of the inventory goes up?
Nothing happens, this will only affect the SOFP.
What is working capital?
Its the difference between a companies current assets and current liabilities.
How do you calculate ROI?
Current value of investment - cost of investment / cost investment x 100
What is a deferred tax asset and liability?
A deferred tax asset is an item on a company’s balance sheet that reduces its taxable income in the future.Therefore, the overpayment becomes an asset to the company. A deferred tax asset is the opposite of a deferred tax liability, which indicates an expected increase in the amount of income tax owed by a company.
Under what circumstances will goodwill increase?
When a company buys another business for more than the fair value of its tangible and intangible assets, goodwill is created.
If you have seven white socks and nine black socks in a drawer, how many socks do you have to pull out blindly in order to ensure that you have a matching pair?
If the first one is one colour( e.g. white) and the second one is the other colour( black) then the third one no matter what the colour will make a matching pair.
What’s the difference between deferred revenue and accounts receivable?
Deferred revenue represents cash received from customers for services or goods not yet provided. Accounts receivable represents cash owing from customers for goods/services already provided.
If I had only one statement and wanted to review the overall health of a company, which statement would I use and why?
If I had only one statement and wanted to review the overall health of a company, which statement would I use and why?
Describe yourself in one sentence?
“I would describe myself as hard-working, driven, fearless, the type of person who takes ownership of situations, and someone who is not afraid of a difficult challenge.”
What is your biggest strength?
I am Resourceful - I am an innovative problem solver and i always look for ways to solve difficult challenges - give the example of my tutoring zoom or library, the student found it hard to study, i was able to ask parents and find hobbies or the student , and found that they are different optimal times they do work, and are visual learner. GCSE kids.
Tell me a time you had conflict with a team member, how did you handle it.
1st sentence goes like conflict is a part of human nature, but it is important to dispose this within a group and tackle the issue straight away be because we do not want to affect the standards of a group.
Talk about marketing project LSE and how someone didn’t turn up to a group meeting.
Then say it lead to them collaborating with the group and he in fact was very on top and knowledagble on this sector.
What is your ideal working environment?
My ideal work environment is a place where employees at every level have good communication with each other and with their supervisors.
I also hope to work in a place that is centered on development and teambuilding, where the unique talents of each employee can be recognized and given the opportunity to grow.
While doing some research on ICAEW, I took note of the value of integreity you place highly and commitment to developing talents and skills of every employee.
how do you define teamwork.
teamwork is when a group comes together to accomplish a task, and their main priority is the quality of the end result. It isn’t about shining as an individual. Instead, it’s about having the best outcome possible through the use of cumulative effort.
Also allows you to understand your strengths and weaknesses,
How well do you work in a team? ( internship experience is key here)
If believe teamwork is where i can really influence my intellectual curiosity.
GIVE AN EXAMPLE USE STAR TECHNIQUE.
1) Situation: Use internship experience at Greenside capital partners. I was a research analysts where i was put into the investment distubtion, with a group of high level indidivuals. We focused on green assets, and we as a group needed to understand and have a better understanding of what asset class to potentially work on and then pitch at the end of the week.
2) We delegated roles, where me and another individual who had little experience in Private equity and venture capital did huge sums of research.
3) we were to pitch and investment plan.
How do you define arrogance? Are you arrogant ( EXAMPLE HINT DOFE)
Arrogrance is the attitude of being superior beyond reason. I am not an arrogrant person but rather a confident person. I have great belief in myself and i am fearless. Give an example, DOFE, i was confident to lead the group even though i probably wasn’t the best to read a map in my group, because i wanted to feel some sort of responsibility, instead of just listening and following.
How have you shown yourself to be a leader.
During DOFE we were allowed to pick groups and a female friend who didn’t get along with a lot of people at DOFE, it felt like i was the only one who spoke to her. She didn’t seem like she enjoyed dofe anymore, and it is quite a hard experience to do without speaking to someone, I offered to my DOFE assessor if i could join that group for a day, that she was in because i wanted to speak to her and get her morale up.
- Tell me a time you disagreed with a decision that was made at work.
Me working as a Road steward at black friars, me and another individual could only let people through the barriers if they had a CAD pass or had their blues and twos on. There was this family in a car that had been driving for a long time and they live across the road, it was safe and there was no reason not to not let them in, there child was very tired and looked dizzy. I radioed through to my supervisor and they said this wasn’t allowed.
How would you handle undeserved criticism from a supervisor
Don’t respond emotionally
Rationally access the criticism
Confront professionally if necessary.
How have you changed in the last 5 years?
1) Mindset has changed - no more a materialist ( i seek for future gratification rather than immediate gratification)
2) Friendship groups have changed - with more intellectual like minded people
3) Im more aware about the world reading news ( allowing me to extend my vocabulary)
How do you ensure all your work gets accomplished in a productive manner?
I have learnt about my body and how i can focus, so in education i know for example i have to do some reading i will start it at 8 then finish at 12, because thats where i focus the most.
Also timetables, sleep as well, ensuring i get 8+ hours of sleep.
Do you work better on a team, with one partner or alone?
It depends on the task. When it comes to brainstorming, teams produce great ideas with multiple input, and teams can highlight people’s strengths. But I certainly enjoy working on my tasks as an individual as well, since in many ways it takes the ability to work alone for the team to fully succeed.”
Do you work better on a team, with one partner or alone?
It depends on the task. When it comes to brainstorming, teams produce great ideas with multiple input, and teams can highlight people’s strengths. But I certainly enjoy working on my tasks as an individual as well, since in many ways it takes the ability to work alone for the team to fully succeed.”
What is your greatest achievement.( HINT INTERNSHIP EXPERIENCE)
My greatest achievement, talk about internship, talk about how you wasn’t fond upon the idea of asset management, because although work is felt not to be boring i didn’t feel the buzz. We had to learn a lot of Asset management Jargon in a 2 days and completely research a field, where E.S.G was very prevalent. As an individual i was able to do that, create a presentation as a group and i was commended by a panel of senior members. I was given the opportunity to extend this to the summer of 2022 but it wasn’t something i enjoyed.
