Accentuate IT Solutions Interview Questions, Process, and Tips

About advanced Java and core Java

Q1. About java language questions
Add your answer
Q2. About python language questions
Add your answer
Q3. About core Java questions
Add your answer
Q4. About advanced Java questions
Add your answer
Q5. About chek out communication skill
Add your answer

Simple Gq questions, and about us

Simple leap year python program

Q1. About the company
Add your answer

Q1. Skills that you mention
Add your answer

Q1. Profile fit for role
Add your answer

Q1. Ml AI questionsare asked NLP
Add your answer

Basic of python tuples and list

Q1. Basics about your self nothing more
Add your answer

Q1. What is derivative? How many types of derivatives, difference between type of derivatives and journal entries for recording it.
Ans. 
Derivative is a financial instrument whose value is derived from an underlying asset or security.
• Types of derivatives include futures, options, swaps, and forwards.

• Futures are contracts to buy or sell an asset at a predetermined price and date.

• Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

• Swaps involve exchanging cash flows based on different financi...read more
Answered by AI
Add your answer
Q2. What is financial instruments? How many types and types of financial assets and how to record them
Ans. 
Financial instruments are assets that can be traded. There are two types: cash and derivative instruments.
• Cash instruments include stocks, bonds, and currencies.

• Derivative instruments include options, futures, and swaps.

• Financial assets are recorded on the balance sheet at their fair value.

• Changes in fair value are recorded in the income statement.

• Hedge accounting can be used to reduce volatility in financial statement
Answered by AI
Add your answer
Q3. What is impairment of assets and journal entries
Ans. 
Impairment of assets is the reduction in the value of a company's assets due to various reasons.
• Impairment occurs when the carrying value of an asset exceeds its recoverable amount.

• Journal entry for impairment involves debiting the impairment loss account and crediting the respective asset account.

• Impairment can occur due to physical damage, obsolescence, changes in market conditions, etc.

• Impairment testing is required...read more
Answered by AI
View 2 more answers
Q4. Case study related to Ind as 115?
Add your answer
Q5. What is goodwill, how to calculate, what is negative goodwill, how to recognise in case of business combination?
Ans. 
Goodwill is an intangible asset that represents the value of a company's reputation, brand, and customer base.
• Goodwill is calculated as the difference between the purchase price of a company and the fair market value of its net assets.

• Negative goodwill occurs when the purchase price of a company is less than the fair market value of its net assets.

• Negative goodwill is recognized as a gain in the income statement of the...read more
Answered by AI
Add your answer
Q6. What is contingent consideration in case of business combination? Lot of questions asked from Ind as 103?
Add your answer
Q7. What is joint venture and associates?
Ans. 
Joint venture and associates are two types of business arrangements where companies collaborate and share resources.
• Joint venture is a partnership between two or more companies to undertake a specific project or business activity.

• Associates are companies in which another company holds a significant but not controlling interest.

• Joint ventures involve sharing of profits, losses, and control between the participating comp...read more
Answered by AI
View 1 more answer
Q8. Difference between deferred revenue, accrual, prepaid, provision.
Ans. 
Deferred revenue is unearned income, accrual is earned but not yet received, prepaid is paid but not yet used, provision is an estimated expense.
• Deferred revenue is money received for goods or services not yet delivered

• Accrual is revenue earned but not yet received

• Prepaid is payment made for goods or services not yet received

• Provision is an estimated expense that has not yet been incurred

• Examples: Deferred revenue - ma...read more
Answered by AI
Add your answer

Q1. This round is more about discussion round.
Add your answer
Q2. Ind as 116 , what was earlier and what is now, journal entries and treatment They created more confusion on ROU assets and lease liability?
Add your answer
Q3. Why this role? Why do you fit for this role
Add your answer