15 questions reported in Procter & Gamble interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
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Capital structure, covenant headroom, FX and interest rate hedging. 6 questions
A basic FX-risk distinction expected in multinational corporate treasury interviews.
Explain transaction, translation and economic FX exposure. Which should a corporate treasury team hedge?
A numerical treasury follow-up that tests whether a candidate hedges the economic net exposure rather than gross invoices.
A US parent expects to collect €12m from customers and pay €9m to suppliers in 90 days. The EUR/USD forward rate is 1.1000 dollars per euro. What is the net exposure, what forward should it enter, and…
A recurring treasury committee decision.
A company has $2bn of floating rate debt. What proportion should be fixed, and how do you decide?
A treasury scenario lab combining exposure math, hedge sizing and policy judgement.
Your company expects a EUR receivable in three months. Calculate the exposure and budget risk as certainty changes, then recommend a hedge that protects margin without over-hedging.
A standard numerical follow-up after discussing transaction exposure.
A US company must pay €10m in three months. The three-month EUR/USD forward rate is 1.0800 dollars per euro. How would you hedge it, what dollar cost do you lock, and what happens if spot settles at…
Treasury candidates are expected to understand why an economically sensible hedge can create reported earnings volatility.
Why does hedge accounting matter to a treasury team? Explain the basic difference between a cash flow hedge and a fair value hedge.
Driver-based forecasts, variance analysis and forecast accuracy. 5 questions
A common first-round FP&A question testing whether candidates understand the planning cadence.
What is the difference between a budget and a forecast? If revenue is tracking below plan in April, which number should management use to run the business?
A standard FP&A follow-up when revenue may be on plan but profitability is not.
Revenue is on budget, but gross margin falls from 60% to 55%. How would you investigate and explain the decline to the CFO?
The recurring deliverable of an FP&A team, and interviewers ask for the method.
Revenue came in $4m below budget for the month. How do you explain it, and what does a useful explanation contain?
A CFO review case testing whether the candidate can connect operating performance, working capital, and an immediate liquidity response.
A company beats its quarterly EBITDA plan by $4m but generates $9m less operating cash flow than forecast. Revenue is on plan. Inventory is $7m above plan, receivables are $5m above plan, and payables…
A business-partnering case for an FP&A candidate asked to preserve a cash target while making real capacity trade-offs across functions.
Mid-year, the CFO needs $12m of incremental cash savings while preserving the product launch scheduled for the fourth quarter. Sales asks to keep all planned hires, product asks to protect…
Project selection, returning capital and measuring per-share value. 2 questions
A common planning-team question when an executive asks to annualise a strong or weak recent month.
Your CEO says, “April revenue was $12m, so we are on a $144m run rate.” How would you respond?
A practical treasury and FP&A question with a clear quantitative component.
A company with $2bn of revenue and $1.4bn of COGS has DSO of 65 days, DIO of 90 days and DPO of 40 days. Calculate the cash conversion cycle, quantify the cash released by improving DSO to 50 days,…
Adjacency analysis, competitive response and where advantage actually comes from. 2 questions
A classic strategy case on whether to match a competitor or protect margin.
A major competitor cuts price by 15%. Should you match?
The step most strategy analyses skip, and the one that determines the outcome.
Your company is considering cutting prices 10% to gain share. How do you assess whether it will work?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Procter & Gamble.