25 Mahindra finance Interview Questions and Answers

Accounts Assistant/ Book Keeper Budgeting

Ques:- While Scrutinizing the Trial Balance which error will catch you eye immediately…

Asked In :- ADNOC Abu Dhabi National Oil Company, BOM, DataCore, District Cooperative Central Bank DCCB, Gram Panchayat, IMFA, MoveiT Infra Services, Pramata, SIDBI, Sobha Developers,

Right Answer:
An imbalance in the debit and credit totals.

Accounting

Ques:- What is accounting ethics?

Asked In :- jefferies, dcb bank, mahindra finance, sacm,

Right Answer:
Accounting ethics refers to the moral principles and standards that guide the behavior of accountants and financial professionals in their work, ensuring honesty, integrity, transparency, and fairness in financial reporting and decision-making.

Account Payble Payroll Accountant

Ques:- What will be happend if invoice match with po?

Asked In :- Advansoft International, dubai islamic bank, mahindra finance, i&m bank, utility warehouse, epra,

Right Answer:
If the invoice matches the purchase order (PO), it indicates that the goods or services received are in agreement with what was ordered, allowing the payment process to proceed smoothly.

Accountant/ Accounts Executive Taxation

Ques:- WHAT IS DTC AND HOW IS IT DIFFERENCE FROM INCOME TAX?

Asked In :- Williams Lea India, Paperchase Accountancy India, Prakash Kochar & Co, GAIN Credit, Consero Global Solutions, Maple Leaf Foods, c.h. robinson, citrin cooperman, mahindra finance, william buck,

Right Answer:
DTC stands for Direct Tax Code, which is a proposed legislation in India aimed at simplifying and consolidating income tax laws. It differs from income tax in that DTC is a framework for how income tax should be structured and administered, whereas income tax is the actual tax levied on individuals and businesses based on their income.

Accountant/ Accounts Executive Tax Assessment

Ques:- We calculate TAx for Our Vendors/Customers when the transaction is completed Right.Then y can't we calculate Tax(If the year ends) When the Partial payment is done i.e DownPayment/Received. Please Reply.

Asked In :- India Cements, Vontobel, Marsh McLennan, bata, cibc mellon, mahindra finance, lapo microfinance, fundrise,

Right Answer:
Tax is typically calculated at the point of sale or when the transaction is completed because that is when the liability is established. Partial payments, like down payments, do not represent the full transaction value, so tax is not assessed until the complete transaction is finalized.

communication

Ques:- How the engine working ??

Asked In :- Aakit Technologies, Novalnet e-Solutions, Sardonyx Technologies, Barracuda Networks, AJACKUS, Destination technologies, Congruent Solution Inc, ICAT Design & Media College, Creditsafe Technology, Newdream Data Systems,

Right Answer:
An engine works by converting fuel into energy through combustion. In a typical internal combustion engine, air and fuel mix, are compressed, and ignited, causing an explosion that pushes pistons. These pistons turn the crankshaft, which ultimately powers the vehicle.

communication

Ques:- Why you want to leave your previous company?

Asked In :- Unyscape Infocom Pvt. Ltd., Bold Technology Systems, Fortunesoft IT Innovations, WFM, Appiness Interactive, Finoit Technologies, Big Rattle Technologies, Target Integration, STG Infotech INDIA LLP, Syneos Health,

Right Answer:
I am looking for new challenges and opportunities for growth that align better with my career goals.

Problem Solving

Ques:- Explain a time when you did not get along with something higher management wanted to implement. How did you handle that?

Asked In :- MattsenKumar Services, Shipco IT, Clear Trail Technologies, Cybage Software, Xiaomi Technology India, Softcell Technologies, Srijan Technologies, Mindcurv Technology Solutions, InfoObjects, Cyber Infrastructure (P),

Right Answer:
I once disagreed with a new policy from upper management that I felt would negatively impact team morale. I scheduled a meeting with my manager to express my concerns, providing data and examples to support my viewpoint. I suggested alternative solutions that aligned with the company's goals while addressing my concerns. My manager appreciated my input, and we were able to modify the implementation plan to better suit the team's needs.

Problem Solving

Ques:- A channel partner in the trucking industry is facing declining porfits, and they have already determined that their cost structure is comparable to competitors. What is the problem?

Asked In :- Vinove Software & Services Pvt Ltd, Hidden Brains InfoTech, STIC SOFT E-SOLUTIONS, FIS Global Business Solutions India, SysTrack Solution, MBR Informatics, MedGenome Labs, Zyoin Web Pvt., Raykor Technologies, Mindcurv Technology Solutions,

Right Answer:
The problem may be related to revenue generation, such as lower sales volume, pricing issues, or lack of differentiation in services compared to competitors.

Problem Solving

Ques:- If I gave you a billion dollars, what would you do with it?

Asked In :- Vinove Software & Services Pvt Ltd, Bold Technology Systems, Walkover Web Solutions, Toxsl Technologies, Codiant Software Technologies, Oodles Technologies, Srijan Technologies, iB Arts Pvt. ltd, Wellness Forever, On Demand Agility Software,

Right Answer:
I would invest a significant portion in diverse assets for long-term growth, allocate funds for philanthropic initiatives to address social issues, and set aside some for personal and family needs.

Problem Solving Regional Manager

Ques:- A major auto service chain has enjoyed healthy returns on its 30-store operation for the past 10 years. However, management feels that the chain needs to expand, as the current geographical areas in which they are based have become saturated. For the past couple of years, they have aggressively pursued a growth strategy, opening an additional 15 stores. However, it seems that this approach has had negative returns. For the first time in over a decade, the chain’s profits dropped into the negative zone. You were hired to figure out why.

Asked In :- Xoriant Solutions Pvt Ltd, Shipco IT, Walkover Web Solutions, Itobuz Technologies, Fortunesoft IT Innovations, WFM, Oodles Technologies, ISKPRO, Deluxe entertainment services India, COEPD,

Right Answer:

The negative returns could be due to several factors: oversaturation in new markets, inadequate market research leading to poor location choices, increased competition, higher operational costs, or a lack of brand recognition in the new areas. Additionally, the rapid expansion may have stretched resources thin, impacting service quality and customer satisfaction. A thorough analysis of each new location's performance, customer feedback, and market conditions is necessary to identify the specific issues.

Problem Solving

Ques:- Your company installed an ERP system 3 years ago, spending a cumulative $100M to do so. The CEO asks you, was this a financially sound investment?

Asked In :- Winsoft Technologies India Pvt. Ltd, Hidden Brains InfoTech, Born Commerce, Clear Trail Technologies, Sun Dew Solutions, Energytech Global, RAKUTEN INDIA ENTERPRISE PVT, Grapelime Infotech, Mass Software Solutions, Cyber Infrastructure (P),

Right Answer:
To determine if the ERP system was a financially sound investment, we need to analyze the return on investment (ROI). We should compare the cumulative benefits gained from the ERP system over the past 3 years against the $100M spent. If the benefits exceed $100M, it was a sound investment; if not, it was not financially sound.

Budgeting

Ques:- Budgetting is calculation of future work that goal try to reach

Asked In :- Bengal Energy, Birla Cement, GACL, Gram Panchayat, MoveiT Infra Services, Sobha Developers, Tata Marcopolo, Tax Assistant, WAPDA Water and Power Development Authority, Commonwealth Bank of Australia,

Right Answer:
Budgeting is the process of estimating and planning for future income and expenses to achieve specific financial goals.

Budgeting

Ques:- How have you used program information, financial statements and related information to prepare a budget?

Asked In :- Aparna Constructions, AR Rahman Foundation, BUP, DIC India, GFS, Himatsingka Seide, OCCL, Shriram Finance, Tata Marcopolo, WAPDA Water and Power Development Authority,

Right Answer:
I analyze program information and financial statements to identify past spending patterns and revenue sources. I then estimate future costs and revenues, aligning them with program goals. This helps me create a realistic budget that reflects both needs and available resources.

Budgeting

Ques:- How we can control all expenses and revenues.

Asked In :- FYERS Securities, Healthians, Money Honey Financial Services, Protiviti Consulting, Aparna Constructions, District Cooperative Central Bank DCCB, GFS, Itd Cementation India, MEIL, NJ India,

Right Answer:
To control all expenses and revenues, implement a budget plan, track all transactions regularly, categorize expenses, set spending limits, review financial reports frequently, and adjust the budget as needed based on actual performance.

Budgeting Financial Accountant

Ques:- What is the process of budgeting and explain the importance of it?

Asked In :- Panacea Medical Technologies, AR Rahman Foundation, DIC India, FIN Infocom, GACL, Himatsingka Seide, India Cements, KFCSC, Mother Dairy, MoveiT Infra Services,

Right Answer:
The process of budgeting involves setting financial goals, estimating revenues and expenses, creating a budget plan, monitoring actual performance against the budget, and making adjustments as necessary. The importance of budgeting lies in its ability to help organizations allocate resources effectively, control spending, plan for future financial needs, and make informed decisions to achieve financial stability and growth.

Budgeting

Ques:- What is IRR?

Asked In :- CBRE South Asia, Money Honey Financial Services, Panacea Medical Technologies, GFS, Itd Cementation India, Shapoorji Pallonji & Co, Dar Al-Handasah, Mansukh Securities & Finance, FinEdge, Varma & Varma,

Right Answer:
IRR, or Internal Rate of Return, is the discount rate that makes the net present value (NPV) of a project or investment equal to zero. It represents the expected annual rate of return on an investment.

Adaptability

Ques:- Can you describe a time when you had to adjust your communication style to work effectively with a colleague or client

Asked In :- Hidden Brains InfoTech, WSNE Consulting, AnAr Solutions, Rock Solid Solutions, Creative Hands HR Consultancy, Solitaire Infosys, Cloud Kinetics Technology Solutions, SmartData Enterprises, Xiaomi Technology India, Noesys Consulting,

Right Answer:
In my previous job, I worked with a colleague who preferred detailed written communication over verbal discussions. To adapt, I started sending more comprehensive emails and reports, ensuring I included all necessary information. This change helped us collaborate more effectively and improved our project outcomes.

Adaptability

Ques:- How do you encourage adaptability in your team when facing challenges or shifts in direction

Asked In :- Hidden Brains InfoTech, Codiant Software Technologies, Dhruvsoft Services, WFM, ISKPRO, Varite India, Xiaomi Technology India, PeopleStrong HR Services, Noesys Consulting, mobifly,

Right Answer:
I encourage adaptability in my team by fostering open communication, promoting a growth mindset, providing training opportunities, and involving team members in decision-making. I also celebrate flexibility and resilience when facing challenges, ensuring everyone feels supported and empowered to adjust to new directions.

Adaptability

Ques:- How do you handle shifting priorities or sudden changes in project requirements

Asked In :- Medvarsity Online, WSNE Consulting, Netaxis IT Solutions (p), Rock Solid Solutions, MattsenKumar Services, Protege Solutions, Chegg India, Creative Hands HR Consultancy, GOQii Technologies, ISKPRO,

Right Answer:
I handle shifting priorities by staying flexible and open to change. I prioritize tasks based on the new requirements, communicate with my team to ensure everyone is aligned, and adjust my workflow to accommodate the changes while maintaining focus on project goals.

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