A Simple Answer for Tell Me About Yourself?

Irrespective of any interview, the very first question is Say About Yourself? To tell something about yourself is that really a big deal, Yes it is.  If it is really simple, interviewers would have gone for next common question to start the conversation, which they didn't so far.

My Simple Interview mantra #1 to score: "Tell only those things, what an interviewer want to listen from you".

I would like to share a "day of my campus interview experience". I suggest you to always do some basic ground work on the profile, company, possibly the interviewer (if you know anything) or the kind of process they do if you have time and interest. If not just be active and be SMART! (I often hear from HR professional and other counterpart that in this present competitive market situation the fresher or even experienced candidate required spoon feeding, and zeal to learn is very low). Now scoring a point is simple, as you know what is the requirement and what exactly you have to project).

Well the profile which I have applied requires someone with very good writing, reading, and communication skills along with basic fundamental subject knowledge, which more or less every profile demand.

Just before an hour of interview I did few tweaks:

1. Added few notes and appointments in my mobile scheduler.
2. Made sure I have written all my strengths in the negative or weakness section of the interview form and there are many weakness over strength with a purpose.
3. Ensured that my resume is Short and Simple and doesn't have anything which I'm going to answer the 'Tell me about yourself question' and highlighted those words which will prompt the interviewer to know about it.
4. And of course a real cum fabricated story to support my strengths. ( remember if the number of weaknesses mentioned are more than strengths its very oblivious that the emphasis on the weakness, and you know that those are your strengths in fact and you have a supporting story/idea on it).
5. If you are experienced. ( You have already scored a point, all required is to do is, prove your experience).
6. Last but not the least, PREPARED A SPEECH TO ANSWER TWO QUESTIONS, one TELL ME ABOUT YOURSELF and two, WHY SHOULD I HIRE YOU?

My Simple answer for TELL ME ABOUT YOURSELF was, My name is XXX. I'm a permanent resident of XYZ City and did all my schooling in XYZ City. I'm learned basics of Commerce from my Intermediate education and pursued the same in graduation and later in my master's education and I performed fairly in grades too.  Post my graduation I got an opportunity to work for one of the leading MNC as an "ABC role", which has given me a great platform to know about the working culture and different dynamics of the work. Later I relieved from the company and pursued my masters and now I'm here in find of another opportunity which I am very comfortable .

Why I projected in such way?

•  " permanent resident" - because the profile requires someone for local  and doesn't give priority for relocation as it is immediate joining position.
• Emphasis on Commerce: Its requires purely someone from commerce background through out the career with better grades.
• Job description said, "Experience is plus".
• I had an irrelevant experience, so my emphasis was on ready to adopt the new dynamics and culture of work.
• and finally "I am very comfortable"; driving the next question, Comfortable? How? The profile required someone very good in Writing, Reading and Communication, which you say that its your weakness?

Now this question was prompted by me and I have got the answer for it too.

I mentioned it in my weakness because I started learning and I'm working on it and still in short for proficiency yet. The question raises is, its your Weakness and you are aiming for being Proficient? What are you dong to overcome?
Yes, I have started writing articles as a freelancer and newsletter for college articles and started blogging recently too. (Point scored, Blogging!! what is that all about)

 Interview mantra #2: "Take the interview discussion the way you want to take it".

Weakness #2: Poor at Scheduling / Procrastinating / Postponing.
Here comes those notes/appointment loaded in mobile as response how you are overcoming it.

After few more such goals, finally comes WHY SHOULD I HIRE YOU?

Simple, I'm can very confidently say that I take this role as an challenge which is in line with both my personal and professional goals. With my  little proven records and the capabilities I hold I seamlessly perform and meet the requirements and will try to give a value addition to the business.


This is just one of my experiences, which may or may not go in line with your world of facing interview.  If you can post your questions or any difficulties you are facing, we may help out on very customized answers.

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Current Affairs in the Month - April 2012

Current affairs of April 2012 to face an Interview or any competitive exams.

Current Affairs on Banks, Telecoms and Oil and Gas industry has been updated in this article.

Banks

Changes in the bank rate or interest of the banks. 

• Reduced the bank rates from 9.5% to 9% where Banks/financial institutions pay to the central bank on borrowed funds.

• Repo and Reverse repo benchmark rate reduced by .50%, from 8.5% to 8%, and reverse repo from 7.5% to 7%.

• CRR (Cash Reserve Ratio) – has been reduced from 5.5% to 4.75%. The objective/reason for reduction of CRR is to infuse more money in the economy. It has infused Rs 48,000 crore.

• On the latest move, RBI has made it mandatory to print the MICR and IFSE code on the passbook and statement of account of the customers.  IFSC code is a pre-requisite for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions.

• Saving Deposit rate is been deregulated.

Telecom

• Vodafone has won the case, where it has paid Rs.11,000 crore as tax for Income Tax (M&A) for buying out abroad firm Hutchison Whampoa Ltd's Indian mobile business in 2007. Supreme court has given an verdict favorable to Vodafone( earlier Bombay court's verdict was unfavorable) directing IT-department to return Rs.2500crores to Vodafone.

• Telecom Regulatory Authority of India (Trai) has made mandatory/compulsory to charge/bill only on per second basis ( introduced by Tata Docomo as its strategy to attract) to all prepaid and postpaid customers and allow the telecom player to increase the processing fee charge for Top up recharges(above Rs.20, from rs.2 to rs.3).

• Airtel is the first company in India to roll out 4G service.

• Samsung, South Korean firm the Market Leader in Smartphones segment posted its highest profits of $5.15 billion in this quarter, against the former leader Nokia, Finland based company has posted a huge loss of $1.2 bn (Jan-Mar).

-> Latest Facts and Figures of Banks and Economy 2012-13, for the latest Inflation rate, fiscal deficit rate and other deposit rate as on April 2012.

Oil and Gas

The Major Oil players in India are Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp (IOC), and Bharat Petroleum Corp Ltd (BPCL). These companies has started threatening the government to increased the prices of petrol. 

Why?

Because, the current crude oil as on April 2012 is trading at $121.3 per barrel. Huge losses are being incurred/accrued in the books of these companies has they are selling the petrol below the market prices.

So currently Rs.8-Rs.10/- is the loss on per liter of petrol sold. and Rs.14 on diesel and of course a huge pie  on LPG gas Cylinder of Rs.570/each lpg cylinder.

Solution for Rise in Petrol Prices:

Now the States levied VAT or Sales tax, are ranging in between from 15 to 33 per cent (ie.,Rs.10-Rs.19/liter is being paid only as taxes), this has to be reduced so that the pressure will not be on the consumer by hiking the prices again. Goa has already implemented it, by removing the tax on petrol.

* Your feedback is appreciated. Other current affairs listed down here.

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Latest Facts and Figures of Banks and Economy 2012-13.

Here listed down all the major facts and figures of the Indian Banking rate and economy figures of current fiscal year as on April 2012-13.

	Percentage (%)
Bank Rate 2012	9%
Repo Rate	8%
Reverse Repo Rate	7%
Cash Reserve Ratio (CRR)	4.75%
Statutory Liquidity Ratio (SLR)	24%
Current Base Prime Lending Rate(BPLR):	10%-10.75%
Current Savings Bank Rate 2012:	4.0% (Deregulated)
Deposit Rate:	8.50-9.25%
Treasury Bill/Bond Rate (364-91 days)	8.1%-8.3%
Facts and figure as on 22th April 2012

(A 0.50%/50 basis points has been decreased as a part to control the inflation)

Economy Rates/Projected 2012-13
Current GDP Growth rate (current fiscal)	7.3%
Inflation (as on March end 2012-13)	6.5%
Current Fiscal Deficit Target rate	5.1%

The major changes has been made on CRR, Repo and Reverse Repo rate, along with savings bank rate deregulation. For more current affairs of banking sector check out here.

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Answers for Basic Interview Questions?

Any interview irrespective of which field, position, profile it is these questions are faced for sure.


Basic Interview Questions with answers:


Tell me about yourself.

• Best Answers for Tell Me Something About Yourself: Interview Question

What are your strengths?

• Interview Question: What is your Greatest Achievement and Strength?

What are your weaknesses?
Do a simple analysis about yourself, and figure out what are you strength first. Post those as weakness, this is the strategic move. Always use you strength as weakness, for example, I say writing is my weakness, even for a job which need Writing reports is the highest preferred skill. Supporting it I say that's the reason I started a blog 2 years before to overcome it. Now the interview is diverted what blog is it? What do you write? How is the response? You have cracked half the interview.


Why do you want this job?
Never be desperate and at the same time not overconfident, in fact be desperately determined.  
It not wrong, if you hide the truth sometimes. Never reveal your actual financial backup, that would give wrong signals. Put yourself in normal, moderate situation.


Where would you like to be in your career five years from now?
Say that you want to climb the ladder, and reach the next possible position in the organisation, which would give hint to the interviewer that you want to stick to the company.


Possible Goof-ups: Want to start my own company, Want to be the VP/CEO of a company etc


What's your ideal company?
You can list your requirements. But to be at safe side, say which provides balance of work and life to its employees.


What attracted you to this company?
Of course Salary... is that in your mind.. Don't reveal it. 


Highlight the positive things about the company (for example Brand, working culture, career growth, training practices of the company, your personal attachment towards it etc)


Why should we hire you?
Because I am unemployed....  I used this answer in an interview to make the interviewer smile. 


It always better to take the interview on the lighter side, and humorous. But some times it doesn't work.
Highlight how different you are, for eg., with a example of how quick learner you are, and how you can do justice to the role than other who sitting outside the hall.


What did you like least about your last job?
The answer absolutely rest with you!


When were you most satisfied in your job?
On 1st day of the month, when I get my salary credited to my account. 
Tell when you get the first appreciation from you boss for you work.
When you met your first target.
When you handle the most critical task and completed successful.
Reached a new heights in your job. etc


What can you do for us that other candidates can't?
Same as Why should we hire you?


Why are you leaving your present job?
Just I require a change is the most common answer an interview listen. If you want to stand out in the crowd say I am happy with my present job, but my learning are getting limited to a particular task or I want to enter the next level of my learning.


What do you know about this industry and company?
Do a small research in Google, about the growth of industry and company. Major challenges and opportunities, you can easily answer this question using such information.


Do you have any questions for me?

• Should I Ask Questions in Interview? Why? What?

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Interview Questions for Marketing Profile?

Are you wondering what should you ask an interview for the question "Do you have any questions?". These are the best questions for Marketing and Sales job interviews, especially question on Pay or Salary.

• Can I know the performance of the present sales team?
• What is the commission structure the company follow, and what is my earning potential in 3-5 years?
• How many salespeople achieve their target/objectives?
• What percentage of the current people are above and below their set goals?
• What is the major challenge for this position, how you are handling?

Questions to the HeadHunters.

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25 Best Questions for Head Hunters, Recruiters and Staffing Agency.

Ask a Good Question in an Interview, that should be different which will depends on,who is recruiting you?Here are the set of best interview questions  one can ask Headhunters, Recruiters or and Staffing personal.

These questions can't be asked with Hiring Manager and Human Resource(HR) Manager, limit yourself with headhunters.

• How did you find me?
• Is this a retainer or contingency assignment?
• Are you dealing with the client's HR people, or do you have direct contact with the hiring manager?
• How long has the client been with you?
• How many candidates have you personally placed with this client?
• Tell me about your career choice. How did you get into recruiting?
• When will I find out the name of the client company?
• May I have a written job description?
• Where is the position located?
• Where is the company headquartered?
• To whom does the position report?
• Can you tell me about this executive's management style?
• Why is the position open?
• What happened to the person who previously held this position? 
• Is this a new position?
• How long has the position been open?
• How long have you been working on the assignment?
• What does the position pay?
• Are there any pay or compensation constraints that I should take into consideration?
• What can you tell me about the person who will be interviewing me?
• What is his or her position, title, management style?
• Who will make the final hiring decision?
• After you present my resume, when can I expect to hear from you regarding the status of this position?
• Can you describe, specifically, how the company navigates/balances work-personal life issues?
• What might I do that would violate the culture of the company during my interview?

Bad/Wrong Question:
These below questions were actually asked to the recruiters in real.

• Can I switch jobs with the hiring managers?
• Does the company provide snacks?
• Will they fire me for not wearing any underwear? My last boss was very upset when he found out, and I want to get the issue out of the way early. (asked to Susan Trainer, Senior Information Systems Recruiter)
• I need to leave the interview for a minute. Do you have a match?
• What would you do if the coffeepot were empty?

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Should I Ask Questions in Interview? Why? What?

Almost every Interview has a very common question asking, "DO YOU HAVE ANY QUESTIONS?"

Some candidates think that when this question is asked, the interview is about to wrap up. You may be wrong, the question really signals the start of the main course, earlier question can turn to be just a starter/appetizer.  Every Interviewer would like the Job seeker to ask few intelligent questions, and if you don't ask questions, you leave these impressions:

• You think the job is unimportant.
• You are uncomfortable asserting yourself.
• You are not intelligent.
• You are easily intimidated.
• You are boring.

The very common question arises, Why Should I ask question in an Interview? or What questions should I ask in a Interview?
Remember, you have to stand out of the herd, who are almost very much similar with talent. "Do Something Different."  Asking just the right questions is your chance to demonstrate that you are the best candidate for the job by communicating the different impressions.

Interest: You have taken the trouble to investigate the job.
Intelligence: You really understand the requirements of the job.
Confidence: You have everything it takes to do the job.
Personal appeal: You are the type of person who will fit in well.
Assertiveness: You ask for the job.

Always remember, "The question you ask, and how you ask them, do as much to differentiate you from the competition." 
* Browse this blog and find different question you can ask in an interview to stand out.

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Interview Question: What is your Greatest Achievement and Strength?

Another sample interview question followed by Tell me about yourself in an interview, is what do you think that is your greater achievement till date? or What is you strengths?

These job interview question is asked to know what is the best you have did till now or what are you capable to do the best for the company or how your have overcame obstacles in life. It can be very generic or your previous office experience.

Examples of question like what is your greatest accomplishments? you can say is.

Prior job/office experience achievement:
Being asked to manage the department I currently run, has been extremely significant for me.  I had only been working there for two years and I had assumed that some with more experience than me would be asked.  I had worked hard and put a lot of energy into developing and expanding our customer base.  But I had not anticipated a reward coming quite so soon.  the real achievement for me is that I have managed to do this and avoid resentment from other staff who might have assumed hat they would be asked to do the job.

General/Personal life achievement:
To be honest - giving up smoking.  I never thought I could do it and I had dozens of attempts that ended in failure.  It isn't just the fact that I don't smoke any more,  I have gained so much personal insight and I deal with potentially stressful situation at work so much more effectively now.  I fell more energetic, more mentally alert and far calmer than I ever did before.

When you are asked to list down you strengths: 
General Examples are greatest strength
Dealing with people, keeping calm, where people around me are agitated.
Finding imaginative solutions I have come up with new office deign.
I also developed motivation courses to junior staff because of huge employee turnover.

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Best Answers for Tell Me Something About Yourself: Interview Question

If you have attended any interview, you would encounter the first question ie., Tell Me About Yourself?. Are you wondering what is the best answer for this question? Well to be very frank there is no predetermined answer for this question. But in simple, you are expected to tell something new and which is not there in the resume already.


Always answer which grabs the interviewer attention, let that be even negative also, don't worry, because you are creating some impression rather going numb. Later on going you can change the interviewer impression if you created a negative impression earlier. There are few examples I provided for this question.


Here there are few more answers which can create an impression in the interview.

• Perhaps you should begin by telling you why you have chosen to apply for this job at this stage in the career and outline how the experience in your current and previous jobs related to the post you applied for.
• You can start by telling something about the course you have completed, what you have gained form it and how it links with your plans for the future.
• May be even you should start by telling one or two of the more unusual things you did, and what you think you have learned from it and what you have to offer to this post. (make sure the unusual things should be particular to work projects, experience or other interest you got)
• You can even begin by describing the sort of person you are, or at least how friends and colleagues would describe you and a supporting point of your behavior to those description. 

The reason why it is difficult to answer this question is, because you are unsure what to include, where to begin, how long to go on, etcetra.

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Apart from Academics, What Did You Learned At College? - Interview Question

A another common question, especially in the campus placement interview. Aside academics, what else did you got a chance to learn in the college? or a straight forward question, List 5 learning from the college. Do not blabber saying dedication, punctuality, etc vaguely. Answer precisely, with a well framed answer. Prepare for it. Here are the few examples.

• I have gained several skills - organizing my workloads for assignments, researching information, meeting deadlines and working on joint projects/group assignments with other students have been some of the most significant learning.
• An job experienced can answer in this way., returning to university as a mature student, I have learned so much about time management and good planning.  I have a young family and I have also taken on part-time work to help my finances.  I have met all my deadlines and I expect to do well in my final exams.
• Showing adaptability as your learning: Living away from home for the first time I quickly learned how hard it was to manage on a tight budget, people from different cultures around, but it has done me a lot of good and I have learned a great deal about taking decisions, solving problems for myself and I think I have gained a lot of common sense.

Another common answer, but answer in the same way.

• Number 1: Thanks for my lecturers, who has given me an opportunity to work on various out of campus research project, from which I could able to learn various things like scheduling my time with academic and non-academic work.

• Number 2: Got an chance to volunteer in college fest, where i was involved in finance/designing/operation/hospitality/promotion committee and learned these things.

• Number 3:... so on.

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Check List for an Interview

It's a very common question always arises and people mess up things because of simple reasons which they miss to do it. To overcome those mistake it better to make a check list and verify before the interview day and so that these things should not act as an hindrance for cracking a interview.


Here is the Interview Check List for an Perfect Preparation.

• Double check your interview date, place and time.
• Read through your application form and/or Curriculum Vitae(CV), or the notes you made during a telephone call.
• Ensure that you have read any instructions about your interview.  Sometimes you are asked to bring something with you or arrive early for a tour of the department or production site.
• Review your travel plans.
• Make sure your interview wardrobe is in good order.
• Complete any research you need to do about the job/organisation.
• Remind yourself of your key selling points.
• Switch off your mobile phones - no interviewer wants to know which of your friends is on a train at the moment, or even that you are just about to clinch a big sales deal; there is a time and place for everything.
• Be positive - be brilliant.

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Basic Accounts GD PI/Interview Answers - 1

For More Questions Click Here: Basic Commerce / Accounting Question in Interview.

Does dividend reduce profits?
No, only the operating and adminstartive expenses reduces the profit margin so as the bottom line(profit). Paying Dividend decision is taken(at the time of appropriation of funds) after knowing what the profit is and based on which either part/whole profit can be declared as divideds to its shareholders or it can be retain same partially/whole in the company and reinvested in the company itself. Paying dividends only reduces the amount carried forwarded to reserves and surplus.

What is the highest rate of Depreciation under Income Tax and for what items?
Few of them are, 100% depreciation is allowed for machinery acquired for water supply project or water treatment system and used for infrastructure facilities. Air, water pollution control equipments, Books.

Does depreciation reduce profit?
Yes, the Net profit gets reduced since the law allows the depreciation amount can be considered as an expenses and charged in expenses column of income statement, because of which the profit reduces though there is no cash outflow from the company.

What is Current Ratio?
What is the ideal Current Ratio? Why?
In simple, its the assets available with the company to meets its future short term obligations(liabilities)
It is calculated by CURRENT ASSETS/CURRENT LIABILITIES, Ideally it should be 2:1 ratio. It means the company has assets twice its liabilities, it should be twice because the assets cannot be turned into liquid cash immediately, so if the assets are twice the chances of converting few assets are higher than another.

What is Capital and Revenue Expenditure?
Any expenses which are incurred for short term gain is Revenue expenditure(example., stationery, or any item which the gain can be obtained for less than an year) and expenditure which sustains for longer period of time let say more than 2-3 is capital expenditure(example., Machinery, Building)

What would happen if a company pays a lower dividend?
Company perspective: It can retain the profits and reinvest and increase the shareholder value(market price)
Investors Perspective: It discourages the new investors to invest in that particular stock/company.
Both are applicable in different scenario.

What is Fiscal Deficit?
What is Budget Deficit?This link should answer this question:
Meaning and Difference between Budget and Fiscal Deficit with Examples?

Where does Goodwill appear in a Balance Sheet? Why?
Goodwill is an Intabgible asset gained by the company throught its operation over an period of time. In other words its the monetary figure what the company has earned as Brand Value/Equity from its customers. It is shown in the Asset side of the Balancesheet.

Can the captain of the vessel dump the goods in the middle of the sea?
Yes, the captain can dump it when he feels than the ship is overweighed and its can be sunked. The sales of goods act and Indian contact act permits it.

What is the difference between Excise Duty and Customs Duty?
Excise Duty

Can depreciation be on fixed assets only?
Yes.

As depreciation is to fixed assets, what is the same analogous to debtors?
Provision for Bad Debts.

Click Here for: Other Basic Accounts GD PI/Interview Answers

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Basic Accounts GD PI/Interview Answers

For More Questions Click Here: Basic Commerce / Accounting Question in Interview.


As many of them has asked for the answers for the post "Basic Commerce / Accounting Question in Interview.", i posted few answers for the basic Accounting Interview questions posed by an candidate, and will post the rest asap. 


What is the Personal Income Tax rate?

Income tax slabs for individual taxpayers to be as follows

Income upto     Rs 1.8 lakh Nil

Income above Rs 1.8 lakh and upto Rs. 5 lakh 10 per cent

Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent

Income above Rs. 8 lakh 30 per cent

Income tax slabs 2011-2012 for Women

Income upto     Rs 1.9 lakh Nil

Income above Rs 1.9 lakh and upto Rs. 5 lakh 10 per cent

Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent

Income above Rs. 8 lakh 30 per cent

Income tax slabs 2011-2012 for Senior citizen (Aged 60 years but less than 80 years)

Income upto     Rs 2.5 lakh Nil

Income above Rs 2.5 lakh and upto Rs. 5 lakh 10 per cent

Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent

Income above Rs. 8 lakh 30 per cent

Income tax slabs 2011-2012 for Very Senior citizen (Above 80 years)

Income upto     Rs 5 lakh Nil

Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent

Income above Rs. 8 lakh 30 per cent

What are Direct and Indirect Taxes? Give examples.

Direct Taxes: Personal Income Tax.
Indirect Taxes: Excise Duty, Value Added Tax(VAT).

Why does a Balance Sheet balance?

Balance sheet is a Financial Statement of an Firm. The Two sides of Balance sheet consist of Assets and Liabilities; the amount which is invested in the way of Capital is used for procurement of Assets.

Assets = Liabilities + Shareholders Equity

The company has to pay for buying assets by either borrowing (liabilities) or getting it from shareholders (shareholders' equity). So that make sense that both sides get equals.

Is loss an asset or a liability?

A loss to the firm is considered as an Asset not as a Liability, because there is no need to pay or return the money to anyone. It is assumed as amount to be recovered back(or Expenses) in the concern soon, so it is considered to be an Asset.

What are LIFO & FIFO? What are they used for?

LIFO stands for Last in, First Out, and FIFO as First in, First Out.

These concepts are used in accounting concern dealing with Inventories or Stocks mainly. Usually this process is used in the warehouse department, where the stock which comes First and those stocks are used to produce or to sell it that is called as FIFO method and when the product or good, which arrives last and sent out the process is called LIFO. LIFO and FIFO is based on the Time when it arrives and sent out.

What are Quick Assets?

Quick Assets are those assets which are in Cash, or which can be easily convertible to cash.  Stocks are an example for Quick Assets, as it can be convertible easily.

In accounting terms, Quick Assets = Current Assets - Inventories.

What is Quick Assets Ratio?

To Payoff the Current Liabilities (Debts), the firm make an ratio to know the current liquidity ratio, that is called as Quick Assets Ratio or Acid Test Ratio or Liquidity Ratio.

This is an commonly used tests for knowing short term financial stability.

Quick Assets Ratio = Cash + Securities + Accounts Receivable / Current Liabilities

Or

Quick Assets Ratio = Current Assets – Stock / Current Liabilities.

What is Amortization?

Amortization is an charge made on the assets, which works same as Depreciation. Basically Amortization is charged on the Intangible assets or writing off of loans. For Example, if the company purchases Equipment by taking the Loan, the Equipment is depreciated while the Loan amount is amortized.

What is Depreciation? What are the different methods of Depreciation? Which method is better and why?
Click Here: What is Depreciation? Reasons for Calculating Depreciation?
Click Here: What is the Need of Providing Depreciation?

Diminishing Balance Method is better than the Straight line Method, because it reduces the value of the assets more than the SLM and helps to make a provision from the profits before distributing it, instead of calling the money back again after distributing the profits to shareholders.

Do you know what N.P.V. discounting is?

N.P.V stands for Net Present Value, which deals with the cash inflow and outflow.

The difference between the present value of cash inflows and the present value of cash outflows. 

This is used for capital budgeting for profit analyzing for the future project which is to be undertaken now.

Follow the Link for the Answers:
1) Basic Accounts GD PI/Interview Answers
2) Basic Accounts GD PI/Interview Answers - 1

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Simple 9-Do's to Crack an Interview.

Simple tips which help you out to perform well in an Interview.  Small things can make huge difference, which can result fruitful at short run as well as long run. 

PREPARE FOR THE BIG QUESTION

The most frequently asked question is "Tell me about yourself". The wrong answer is, "What do you want to know?" This tell the prospective employer you're unprepared for the interview.

WATCH YOUR WORDS AND TONE

Real life is like high school.  Get ready to be judged on popularity.  Recognize that how you say things is often more important that what you say.  Above all don't tell people what's "wrong" with them.

TURN A NEGATIVE INTO A POSITIVE

Instead of saying, "No, I've never don't that" and feeling miserable afterwards, try, "You know, I haven't had the opportunity to do that before but have always wanted to learn.  Would I be able to here?"

GO TRADITIONAL

What is the new look for interviewing? The old rule remains true: dark suit with plain shirt or blouse.  You'd be surprised how many candidates get this wrong.

DO LIKE A BOY SCOUT

A scout is trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent.  Need we say more?

WRITE A CAN DO RESUME

A good resume advertises not what you've done but what you can do for your future employer.

ITS NOT OVER IT'S OVER

Write a follow-up note when you don't get the job.  this is so unusual that you'll stand out, and perhaps the interviewer will know of other opportunities and recommend you.

QUITE GROVELING

Consider giving up manipulation entirely.  Flattery, appeasement, and old-fashioned boot licking are especially poisonous to a relationship.

GET WITH THE GRATITUDE

Thank you notes are must. E-mail is fine, but be specific what excited you about the opportunity, how you can hit the ground running, and what impact you can make immediately.

 - Let me know your opinion on the above article.

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'Can you tell me more about how you get the best out of your team?'

'I believe that people work best when they're given responsibility.  For example, we had a problem meeting sales targets in the [company name] area.  Rather than just harassing the team to get better results, I put it to them as a group problem and asked them to come up with a workable solution.  After a couple of brainstorming sessions, they came up with a member-get-a-member scheme based on the upcoming festival.  They were responsible for implementing it while I saw they had the back-up needed from Head Office.  Sales increased by 40percent over the festival, and subsequently steadied to 22percent, well within target.'

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Interview Question: Give me an outline of your current position?

This question focuses more closely on your actual job.  It is practically asking for your current job description to see how well it matched the job you're applying for.  The interviewer wants to know things like:

• what your tasks and responsibilities are;
• the skills required to do your job;
• the strengths and personal aptitudes you bring to it;
• the key objectives of your job;
• targets and result criteria;
• whom you answer to - your positions in the company hierarchy and level of authority.

Question: What does you current job entail? Describe a typical day to me.

With this question, the interviewer is looking for a more personal interpretation of your job.  They want to see how you view your tasks and responsibilities.  They want to know:

• what you see as the prime purpose of your job;
• the tasks and responsibilities your job entails;
• the skills, strengths and aptitudes you employ;
• the problems you routinely encounter and how you deal with them effectively;
• how you work with others - as part of a team, dealing with staff, meeting customers or clients, etc.
• what you enjoy and find satisfying about your job.

After hearing your answers to these sorts of open questions, the interviewer will usually to on to ask other question to fill in more details - 'Tell me more about x', 'can you say a bit more about y?'

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Interview Question: Tell Me About Yourself? - with Examples.

Simple 9-Do's to Crack an Interview.

After putting you at your ease, the interviewer will sometimes lead into the main part of the interview by asking you a open question such as 'Tell Me About Yourself?' or 'Tell me about your current job.'  They want to know about your competencies, so this is your invitation to sell your ability and experience. Think of it as a mini-interview in which you briefly introduce topics that the interviewer can explore in greater depth with their subsequent questions and best answers for this question and a common question Should I Ask Questions in Interview? Why? What?


"Tell Me About Yourself?"
This is an open as a question can be.  It's up to you to set the boundaries and make sure you stick to points that are informative and relevant.  The interviewer wants you to include things like:

• you current position;
• you background, education and training;
• the skills and strength that make you good at you job;
• your experience and accomplishments;
• the high points of your career so far;
• what attracted you to your particular field and how you got into it;
• your goals for the future.

You need, of course, to tailor your answer and take into consideration the skills, strengths, aptitudes and experience - the competencies - required for the job.

Example format, how to answer the question "Tell me about yourself":

' I'm [give a concise, pithy description of yourself in 15 words or less].

'I'm an experienced [what you are] with an extensive knowledge of [your relevant knowledge area] including [a key point] and [another key point]. 

My main skills or qualifications are [give two or three of your most relevant skills or your key qualifications].

'I also have experience in ____ and _____.

'My achievements to date include [Two or three major ones].  The benefits to my current employer have been [what you have increased, improved or decreased].  I believe the position you're offering would allow me to [what you want to develop]'.

Example:

'i'm a computer science graduate with a keen interest in practical application of information systems.  I'm an experience computer programmer with an extensive knowledge of robotics including 3-D modelling and components' assembly.  My main skills are programing methodologies and microelectronics.

'I also have experience in artificial intelligence, including Pop-ll and prologue'.

'My main achievement to date has been to write a geographical database using a GIS Package, which allowed NHS patient data to be mapped for the entire region.  This greatly improved allocation of resources to high-density areas, and reduced patient waiting time by 11%. I believe the position you're offering would allow me to continue to develop my problem-solving skills and I feel I could contribute skills and experience that would be of value to you'


Most of them will be looking for an Best answers for Tell me something about yourself.

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