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Finance Associate Interview Questions
Finance Associate Interview Questions
Finance associates utilize a wide variety of basic financial functions to provide clients with advice and guidance on strategic planning for long-term financial decisions. Companies and individuals look to them for financial expertise when deciding on a broad range of financial matters including investments and annual budgets.
Top Finance Associate Interview Questions & How to Answer
Question 1
Question #1: Can you explain the steps needed in the tax preparation process?
How to answer
How to answer: This open-ended question is designed to test your fundamental knowledge base of the financial skills involved in the process of preparing taxes, tax calculations, and your ability to contribute to their team. You should work through a sample scenario of tax preparation with a client from beginning to end, highlighting areas in which your knowledge base is exceptional.
Question 2
Question #2: Have you ever guided staff or a colleague on financial regulation compliance? If so, what was your process? If not, how would you approach this?
How to answer
How to answer: This open-ended question demonstrates your knowledge of standards, industry regulations, and fiscal policies. It also provides proof of your ability to promote best practices when it comes to financial regulation compliance. Provide an example of working with a team through this process. If you have not guided anyone through this process, provide best practice steps and how you would work through them with a team.
Question 3
Question # 3: What is your preferred financial software? Why?
How to answer
How to answer: This open-ended question is designed to showcase your knowledge of available financial software and your ability to evaluate the proficiency and applicability of such software. If possible, speak to several financial software options in which you are proficient so you can further demonstrate your breadth of knowledge in this area. Share how you have used or would use these software options.
34,945 finance associate interview questions shared by candidates
How do you account for Business combination & what's Goodwill and how do you impair it ?
What's your long-term and short-term career goals?
Very structured as you would expect. Lots of behavioral questions and little emotions from interviewers
Why are you interested in the position?
The questions asked in the "online interview" (without invigilator or interviewer) are more about yourself and what you will do rather than scenario or calculation based question. For example: Have you found yourself in a situation where someone disagree with you? and how do you go about it?
Questions about IFRS9, ECL, derivatives, risk assessment, hedge accounting, relevant regulations, market knowledge,
Basics of accounting,Statutory filing due dates
Why UBS? Current market news. Innovation. Another BA. (forget) Open statement.
Why do you think you are a good fit for this role?
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