Walk me through the three financial statements.

How are the income statement, balance sheet, and cash flow statement connected?

What is working capital, and why is it important?

How do you calculate free cash flow (FCF)?

What is EBITDA, and why is it used?

Explain depreciation and how it affects financial statements.

What’s the difference between capital expenditure (CapEx) and operating expenditure (OpEx)?

What are deferred taxes?

How do you assess a company’s financial health?

What are accruals and provisions?

What are the different valuation methods? (e.g., DCF, comparables, precedent transactions)

Walk me through a Discounted Cash Flow (DCF) model.

How do you calculate the WACC (Weighted Average Cost of Capital)?

What’s the difference between enterprise value (EV) and equity value?

How do changes in interest rates affect valuation?

How do you analyze a company’s P/E ratio?

What are sensitivity analyses, and how do you perform them?

Explain the concept of terminal value in DCF.

What are multiples used in valuation, and when would you use each?

How do you forecast revenue in a financial model?

What Excel formulas do you frequently use in financial analysis?

How do you ensure accuracy in your models?

How do you handle circular references in Excel?

Describe a complex model you’ve built.

How do you use scenario analysis or what-if analysis?

Explain how you would model seasonality in sales.

How would you evaluate whether to invest in a company?

A company’s revenue increased, but net income decreased — why might that happen?

What metrics would you use to compare two companies in the same industry?

How would you assess the risk level of a business or project?

How would you approach budgeting for a new product launch?

Tell me about a time you analyzed complex data to make a recommendation.

Describe a situation when your financial analysis influenced a key decision.

How do you prioritize tasks when working on multiple projects?

Tell me about a time you identified an error in a financial report.

Describe a situation where you had to present findings to non-finance stakeholders.

How do you handle tight deadlines or conflicting priorities?

How do macroeconomic factors like inflation or interest rates affect your analysis?

What are key financial metrics for a SaaS business?

How would you analyze the performance of a bank or NBFC?

What KPIs would you track in a manufacturing company?

What’s your view on current stock market trends?

How does ESG (Environmental, Social, Governance) impact investment analysis?

How do you stay updated with financial markets?

What financial software tools have you used (e.g., Bloomberg, Power BI, Tableau)?

What’s the biggest risk for investors right now?