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Accentuate IT Solutions Financial Controller Interview Questions, Process, and Tips
Accentuate IT Solutions Financial Controller Interview Experiences
1 interview found
Anonymous
I applied via Naukri.com and was interviewed in Sep 2022. There were 3 interview rounds.
(8 Questions)
- 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...
- 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
- 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...
- Q4. Case study related to Ind as 115?
- 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...
- Q6. What is contingent consideration in case of business combination? Lot of questions asked from Ind as 103?
- 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...
- 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...
(3 Questions)
- Q1. This round is more about discussion round.
- 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?
- Q3. Why this role? Why do you fit for this role
Interview Preparation Tips
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Interview questions from similar companies
Ushma Kumawat
(2 Questions)
- Q1. Tell me something about yourself
- Q2. 5 step models for revenue recognition
(2 Questions)
- Q1. Do you believe in IC role or team work?
- Q2. Tell me about your work experience
(1 Question)
- Q1. Tell me about your self
Selected
I applied via Company Website and was interviewed in Sep 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Company full in the all works hard work in the all staff in the control HR duty
- Ans. Company project and quickly sharp in the timing customer care confirmation properly response will be but everything hard work in the my company work so explain for HR....!
- Q2. Customer project in the completed so stop employed speaking for in the proper in the my project in complete .....!
Interview Preparation Tips
- Chennai
I applied via LinkedIn and was interviewed in Jan 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Prepaid journal entries
- Q2. How to audit accrual
- Ans.
Auditing accrual involves reviewing financial records to ensure that expenses and revenues are accurately recorded.
Review supporting documentation for accruals
Ensure that accruals are recorded in the correct period
Verify that accruals are based on reasonable estimates
Check for any potential errors or fraud
Compare actual expenses and revenues to accruals
Perform a reconciliation of accrual accounts
Interview Preparation Tips
(1 Question)
- Q1. Tell me about yourself
This is the main round... If you crack this round you r selected as a fresher
(1 Question)
- Q1. Tell me about yourself
Interview Preparation Tips
(3 Questions)
- Q1. Working Capital Management
- Q2. Define DSO and WC
- Ans.
DSO stands for Days Sales Outstanding, which measures the average number of days it takes for a company to collect payment after a sale. WC stands for Working Capital, which is a measure of a company's operational efficiency and short-term financial health.
DSO measures how efficiently a company is managing its accounts receivable. Lower DSO indicates faster collection of payments.
WC is calculated by subtracting current...
- Q3. Debtor Write off
(3 Questions)
- Q1. Introduction about yourself.
- Ans.
Experienced project controller with a background in finance and strong analytical skills.
Over 5 years of experience in project controlling
Proficient in financial analysis and reporting
Skilled in budgeting and forecasting
Strong attention to detail and problem-solving abilities
- Q2. Experience so far.
- Q3. Expectations from this job.
Interview Preparation Tips
Deepika.Bhat
I applied via Company Website and was interviewed in Aug 2024. There were 5 interview rounds.
About work of that company
About work of that company
(2 Questions)
- Q1. Self introduction
- Q2. My strength and weakness
(2 Questions)
- Q1. About family background
- Q2. Long term short term goal
- Ans.
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
Obtain CPA certification within the next 3-5 years
Gain experience in financial analysis and reporting
Attend leadership development programs to enhance management skills
Work towards a promotion to a senior financial management role
(2 Questions)
- Q1. Introduction about my self
- Q2. Intrest about my self
Interview Preparation Tips
- CPS
(2 Questions)
- Q1. Long term goals
- Q2. What do you envision for yourself in five years?
- Ans.
In five years, I envision myself as a senior financial analyst leading a team and contributing to strategic decision-making for the company.
Advancing to a senior financial analyst role
Leading a team of analysts
Contributing to strategic decision-making for the company
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Mar 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Self introduction, family background
- Q2. Why should hire you, salary expectation
(4 Questions)
- Q1. Self intlo, Tell about Hyderabad
- Ans.
Hyderabad is a vibrant city in southern India known for its rich history, culture, and delicious cuisine.
Hyderabad is home to iconic landmarks such as the Charminar, Golconda Fort, and Hussain Sagar Lake
The city is famous for its biryani, a flavorful rice dish cooked with meat and aromatic spices
Hyderabad is a major hub for technology companies, with a booming IT industry in areas like HITEC City
- Q2. What is hobbies, weeknes
- Q3. Short goals , long term goals
- Q4. What is weeks , What is your roll model
Interview Preparation Tips
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