But Why?

Knowing the answer is not enough.

Interviewers rarely stop at the first answer. They ask why, and then why again, until they find the edge of what you understand. Each round is a set of follow-up chains: answer, explain why, then handle the harder follow-up.

For example. "Why do you add back D&A?" Because it is non-cash. "So does it affect cash at all?" Yes, through tax. "By how much, if it rises £10 at a 25% tax rate?" Cash rises £2.50.

Difficulty

Topics

How to play

Each answer has 45 seconds. Faster right answers score more, deeper follow-ups are worth more, and finishing a whole chain earns a bonus. One wrong answer ends that chain, because in an interview that is where the gap shows.

Leaderboard

In the interview

Give the answer, then the mechanism: what actually happens and why. Most follow-ups come back to a few ideas: is it cash or not, when does it happen, who is it owed to, what is the tax effect, and do the two halves of a ratio match.

0
Score

Done.

Leaderboard

Where the chain broke