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I applied via Naukri.com and was interviewed in Sep 2022. There were 3 interview rounds.
A derivative is a financial contract whose value is derived from an underlying asset or group of assets.
Types of derivatives include futures, options, swaps, and forwards.
Journal entries for derivatives depend on the type of derivative and the accounting method used.
For example, a futures contract may require a debit to the futures margin account and a credit to the cash account.
A swap may require a debit to the intere...
Ind AS 115 deals with revenue recognition and deferred revenue. Journal entries are made to record deferred revenue.
Ind AS 115 provides guidelines for recognizing revenue from contracts with customers.
Deferred revenue is recognized when a company receives payment for goods or services that have not yet been delivered.
Journal entries for deferred revenue involve debiting cash or accounts receivable and crediting deferre...
Ind AS 116 and AS 17 are accounting standards related to lease accounting.
Ind AS 116 is the Indian Accounting Standard for lease accounting, which was introduced in 2019.
AS 17 is the Accounting Standard for lease accounting issued by the Institute of Chartered Accountants of India (ICAI).
Before Ind AS, lease accounting in India followed AS 17, which required lessees to classify leases as either finance leases or operat...
Impairment is a reduction in the value of an asset due to a decrease in its usefulness or market value.
Impairment is a common accounting practice used to reflect the decrease in value of an asset.
It is usually caused by a decrease in the asset's usefulness or market value.
Impairment can be temporary or permanent, and it is important to assess the asset's recoverable amount before recognizing the impairment loss.
Example...
Provision is an estimated expense, accrual is a recognized expense. Prepaid is paid in advance, deferred is paid later. Occural is a typo, accrued is recognized expense.
Provision is an estimated expense that is recognized in the financial statements. Accrual is a recognized expense that has been incurred but not yet paid.
Prepaid refers to an expense that has been paid in advance, such as prepaid rent. Deferred refers t...
posted on 9 Jan 2025
I applied via Naukri.com and was interviewed in Dec 2024. There were 3 interview rounds.
I applied via Walk-in and was interviewed in Dec 2024. There were 6 interview rounds.
⚫Simple and compound interest
⚫ Ratio and proportion
Time management,
Domain knowledge
Understand the case
Communication skills
Team work
Critical Thinking
Leadership skills
Time management
I applied via Referral and was interviewed in Dec 2024. There was 1 interview round.
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
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
posted on 31 Jan 2025
I applied via Walk-in and was interviewed in Mar 2024. There were 2 interview rounds.
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
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