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HP IS HIRING : FINANCIAL ANALYST

HP is hiring fresher candidates for the roles of  Financial analyst. The details of the job, requirements and other information given below:

HP IS HIRING : FINANCIAL ANALYST

Don’t miss out, CLICK HERE (to apply before the link expires)

HP Inc. – Financial Analyst 1 Interview Questions & Sample Answers (For Freshers & Entry-Level Candidates)

1. Tell me about yourself.

Answer:

I’m a recent graduate in Commerce/Finance [or your degree], and I have studied subjects like accounting, finance, and economics. I have a good understanding of financial statements and how companies manage their budgets. I’m good at using Excel for basic analysis and reporting. I’ve also completed a project/internship where I worked on data collection and analysis using financial data. I’m excited to join HP, where I can learn more and grow in the finance field.

2. What does a Financial Analyst do?

Answer:

A Financial Analyst helps a company understand its financial performance. They look at reports like the income statement and balance sheet, analyze how money is being spent, and find areas to save or grow. They also help make budgets and forecasts, which are future financial plans. Financial Analysts also explain any difference between expected and actual numbers—this is called variance analysis. Their work helps the company make better decisions.

3. Can you explain what a balance sheet is?

Answer:

A balance sheet is a financial report that shows a company’s financial position at a certain point in time. It has three parts:

  1. Assets – what the company owns (like cash, inventory, equipment)

  2. Liabilities – what the company owes (like loans, bills)

  3. Equity – the owner’s share in the company

The formula is:
Assets = Liabilities + Equity

This helps investors and managers understand how healthy the company is.

4. What is variance analysis?

Answer:

Variance analysis is when we compare what was planned (budget or forecast) with what actually happened. For example, if we planned to spend ₹1 lakh on marketing but spent ₹1.2 lakh, the variance is ₹20,000. Analysts then find out why this happened—maybe costs increased or more ads were bought. This helps management understand if they are on track or need to make changes.

 5. Do you have experience using Excel? What can you do with it?

Answer:

Yes, I have used Excel for creating reports, analyzing data, and making charts. I know functions like SUM, AVERAGE, VLOOKUP, IF, and Pivot Tables. I’ve used Excel to sort data, filter information, and summarize large data sets. I also know how to make simple dashboards to present financial results in a clear way.

6. What are financial statements? Name the main ones.

Answer:

Financial statements are reports that show how a company is doing financially. The main ones are:

  1. Income Statement – shows profit or loss by comparing revenue and expenses

  2. Balance Sheet – shows what the company owns and owes

  3. Cash Flow Statement – shows how cash is coming in and going out

These reports help the company and investors make informed decisions.

7. Why do you want to work at HP?

Answer:

HP is a well-known global company with a strong reputation for innovation and good work culture. I’m impressed by how HP values learning and development. As a beginner in finance, I think HP will give me great opportunities to learn from experienced professionals, work on real projects, and grow my career in financial analysis.

8. Tell me about a time you worked on a team project.

Answer:

During college, I worked on a group project where we analyzed a company’s financial performance. My role was to collect data from annual reports and create Excel sheets to calculate ratios like profit margin and return on equity. We met regularly to discuss our findings and created a presentation together. I learned how to manage time, divide tasks, and present financial data clearly.

9. What is budgeting and why is it important?

Answer:

Budgeting is the process of planning how money will be spent in the future. It helps a company set goals, control costs, and make sure enough money is available for important projects. If a company doesn’t budget, it may overspend or miss opportunities. A Financial Analyst helps create and monitor the budget to keep the company on track.

10. What is the difference between forecasting and budgeting?

Answer:

For example, if we budget ₹10 lakh in revenue but halfway through the year we are only at ₹4 lakh, the forecast may predict that we’ll reach ₹8 lakh instead of ₹10 lakh. This helps managers take action early.

11. Do you know any financial tools or software?

Answer:

Yes, I’ve worked with MS Excel mostly. I’ve also been introduced to SAP and financial software like Tally or QuickBooks during my studies. I am a quick learner and can easily pick up tools like SAP used in companies for financial reporting and analysis.

12. What are your strengths that would help you in this job?

Answer:

I have strong analytical skills and attention to detail. I’m good with numbers and enjoy working with data. I also have good communication skills, which help in explaining financial results clearly. I’m responsible, eager to learn, and comfortable working both independently and as part of a team.

13. Where do you see yourself in 3–5 years?

Answer:

In the next 3–5 years, I see myself as a skilled Financial Analyst with deep knowledge in financial planning and analysis. I want to take on more responsibilities, maybe lead a small team, and contribute to strategic business decisions. I also plan to take certifications like CFA to strengthen my knowledge.

14. What is GAAP?

Answer:

GAAP stands for Generally Accepted Accounting Principles. These are rules and standards used for preparing financial statements. They make sure financial reports are accurate, clear, and fair so that investors and stakeholders can trust them.

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