Find Interview Questions for Top Companies
LIGHT PHARMA Interview Questions and Answers
Ques:- Why you want to do in finance department?
Right Answer:
I want to work in the finance department because I am passionate about managing financial resources, analyzing data to support decision-making, and ensuring compliance with accounting standards. I believe my skills can contribute to the organization's financial health and success.
Ques:- What is accounting chart of accounts?
Right Answer:
A chart of accounts is a structured list of all the accounts used by an organization to record financial transactions, organized by categories such as assets, liabilities, equity, revenues, and expenses.
Ques:- List out the functions of accounting?
Right Answer:
1. Recording financial transactions
2. Classifying financial data
3. Summarizing financial information
4. Analyzing financial results
5. Reporting financial performance
6. Ensuring compliance with regulations
7. Assisting in budgeting and forecasting
8. Providing information for decision-making
Ques:- Why do you prepare a Trial Balance?
Right Answer:
A Trial Balance is prepared to ensure that the total debits equal the total credits in the accounting records, helping to identify any errors in the bookkeeping process before preparing financial statements.
Ques:- Explain turnover group ratios?
Right Answer:
Turnover group ratios are financial metrics that measure how efficiently a company utilizes its assets to generate sales. They include ratios like inventory turnover, accounts receivable turnover, and asset turnover, which indicate how well a company converts its resources into revenue.
Ques:- What is float in receivables management?
Right Answer:
Float in receivables management refers to the time it takes for a payment to be processed and reflected in the company's accounts after it has been received. It includes the period from when a customer sends a payment until the funds are available for use by the company.
Ques:- What are bonus shares? What advantages does the company get by issuing them?
Right Answer:
Bonus shares are additional shares given to existing shareholders for free, based on the number of shares they already own. The advantages for the company include improving liquidity in the market, enhancing shareholder satisfaction, and signaling financial strength without affecting cash reserves.
Ques:- Tell the disadvantages of issuing bonus shares?
Right Answer:
1. Dilution of earnings per share (EPS).
2. Potential decrease in share price due to increased supply.
3. Perception of financial instability if used to cover losses.
4. Reduced cash reserves for dividends or reinvestment.
5. Possible tax implications for shareholders.
Ques:- What functions does the Merchant bank perform when a company wants to raise funds from intermediaries?
Right Answer:
Merchant banks perform several functions when a company wants to raise funds from intermediaries, including:

1. **Advisory Services**: Providing guidance on the best methods to raise capital.
2. **Underwriting**: Guaranteeing the sale of securities by purchasing them and reselling to the public.
3. **Syndication**: Organizing a group of banks or investors to share the risk of financing.
4. **Placement**: Finding investors to buy the securities directly.
5. **Valuation**: Assessing the company's worth to determine the appropriate pricing of securities.
6. **Regulatory Compliance**: Ensuring that all legal and regulatory requirements are met during the fundraising process.
Ques:- When were you most satisfied in your job?
Right Answer:
I was most satisfied in my job when I successfully led a team project that improved our workflow efficiency, resulting in significant time savings and positive feedback from both my team and upper management.
Ques:- About Safety
Right Answer:
Safety in project management refers to the practices and measures taken to ensure the well-being of team members and stakeholders, minimize risks, and prevent accidents or injuries during the project lifecycle. It involves identifying hazards, assessing risks, implementing safety protocols, and promoting a culture of safety within the project team.
Ques:- Define a risk register?
Right Answer:
A risk register is a document that lists identified risks for a project, along with their assessment, mitigation strategies, and status. It helps project managers track and manage risks throughout the project lifecycle.
Ques:- What is your hobby and how you deal with work pressure in target timing?
Right Answer:
My hobby is reading, which helps me relax and recharge. To deal with work pressure and meet deadlines, I prioritize tasks, break them into manageable steps, and maintain open communication with my team to ensure we stay on track.
Ques:- How should changes controlled?
Right Answer:
Changes should be controlled through a formal change management process that includes documenting the change request, assessing its impact, obtaining necessary approvals, and communicating the changes to all stakeholders.
AmbitionBox Logo

What makes Takluu valuable for interview preparation?

1 Lakh+
Companies
6 Lakh+
Interview Questions
50K+
Job Profiles
20K+
Users