How do I Prepare for a Business Analyst Interview?
So, what should you do to prepare for your business analyst interview?
The revenue recognition principle dictates the process and timing by which revenue is recorded and recognized as an item in the financial statements based on certain criteria (e.g., transfer of ownership). The matching principle dictates that the timing of expenses be matched to the period in which they are incurred, as opposed to when they are actually paid.
Cash is king. The cash flow statement gives a true picture of how much cash the company is generating. That being said, it’s important to note that all three statements truly are required to get a full picture of the health of a company. Learn more about how the three financial statements are linked.
Step back and give a high-level overview of the company’s current financial position, or companies in that industry in general. Highlight something on each of the three statements. Income statement: growth, margins, profitability. Balance sheet: liquidity, capital assets, credit metrics, liquidity ratios. Cash flow statement: short-term and long-term cash flow profile, any need to raise money or return capital to shareholders.
On the balance sheet, the asset account of inventory is reduced by the amount of the write-down, and so is shareholders’ equity. The income statement is hit with an expense in either COGS or a separate line item for the amount of the write-down, reducing net income. On the cash flow statement, the write-down is added back to operating cash flows as it’s a non-cash expense but must not be double-counted in the changes of non-cash working capital.
There are essentially four areas to consider when accounting for PP&E on the balance sheet: initial purchase, depreciation, additions (capital expenditures), and dispositions. In addition to these four, you may also have to consider revaluation. For many businesses, PP&E is the main capital asset that generates revenue, profitability, and cash flow.
Question: What is Collection framework?
Answer: The collection is used to store and retrieve a group of objects. Objects of a collection can be easily modified, removed, searched, sorted, added etc… Some examples are List, Map, Set, etc…
Tip – Unless asked for, don’t spend too much time answering a single question. For example, the above question. The interviewer will ask a follow-up question if needed.
Question: What are the different operating systems you have worked with? Which one do you like most and why?
Answer: You can mention the ones you have worked with – most likely Unix, Linux, and windows. You can mention few advantages of one of them – for example, Windows has a neat UI which enables you to clearly see what’s happening on the screen while multitasking or Linux is fast and efficient and so on.
Question: Is it possible to overload a procedure in a package?
Answer: Yes, it is possible to overload a procedure inside a package.
Question: Name a few languages that are based on OOPS concepts.
Answer: C++, Java, Python, C# (you can mention any)