Aarvee Associates Interview Questions, Process, and Tips

COS stands for Cost of Sales, which refers to the direct costs associated with producing goods or services.

• COS includes costs such as raw materials, labor, and manufacturing overhead.

• Stages involved in COS include identifying direct costs, calculating total COS, and analyzing COS to determine profitability.

• Example: If a company sells a product for $100 and the direct costs to produce that product are $60, the COS would...read more

EOT stands for End of Transmission. It is a signal used to indicate the end of a transmission of data.

• EOT is commonly used in telecommunications and computer networking to signify the end of a message or data transmission.

• It is represented by the ASCII control character with the code 04.

• EOT is often used in conjunction with other control characters like SOH (Start of Header) and ETX (End of Text) in communication proto...read more

A claim is a request made by an individual or entity for payment of benefits or services covered by an insurance policy.

• A claim is typically submitted by a policyholder or healthcare provider to an insurance company.

• It includes details such as the services provided, dates of service, and the amount billed.

• The insurance company reviews the claim to determine if it meets the policy's coverage criteria.

• Once approved, the ...read more

RFI stands for Request for Information, which is a formal process used to gather information from potential suppliers or vendors.

• RFI is typically used in procurement processes to collect information about products, services, or suppliers before making a decision.

• It helps organizations to understand the capabilities, pricing, and other details of potential suppliers.

• RFIs are often used as a preliminary step before issui...read more

Estimates are calculated predictions of the cost, time, and resources required for a project.

• Gather all relevant information and data related to the project

• Break down the project into smaller tasks or components

• Use historical data or industry benchmarks to estimate the time and cost for each task

• Consider any potential risks or uncertainties that may impact the estimates

• Document the estimates and communicate them clearl

EI stands for Emotional Intelligence, which refers to the ability to recognize, understand, and manage our own emotions as well as the emotions of others.

• EI involves self-awareness, self-regulation, empathy, motivation, and social skills.

• It is important for effective communication, leadership, and building strong relationships.

• Example: Someone with high EI can navigate difficult conversations with empathy and understan...read more

Salary purpose is to compensate employees for their work and skills.

• Salary is a form of payment for the work and skills provided by an employee

• It is typically paid on a regular basis, such as monthly or bi-weekly

• Salaries can vary based on factors such as experience, education, and industry

• Employers may offer additional benefits along with salary, such as health insurance or retirement plans

I am a dedicated and hardworking individual with a strong passion for accounting and finance.

• Graduate in Accounting from XYZ University

• Completed internship at ABC Accounting Firm

• Proficient in MS Excel and QuickBooks

• Strong analytical and problem-solving skills

Yes, I have applied leadership skills in various situations.

• Led a team project by delegating tasks and ensuring deadlines were met

• Motivated team members to achieve common goals

• Resolved conflicts within the team by facilitating open communication

• Took initiative in organizing team-building activities to boost morale

There are several types of steel tests including tensile test, hardness test, impact test, and bend test.

• Tensile test measures the strength of steel by pulling it until it breaks.

• Hardness test determines the resistance of steel to indentation or scratching.

• Impact test evaluates the toughness of steel by subjecting it to sudden loading.

• Bend test assesses the ductility of steel by bending it to a specific angle without f