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AKM Global Financial Accountant Interview Questions, Process, and Tips
AKM Global Financial Accountant Interview Experiences
1 interview found
I applied via LinkedIn and was interviewed in Sep 2021. There was 1 interview round.
Interview Questionnaire
5 Questions
- Q1. What is difference between provisions and reserve.
- Ans.
Provisions are liabilities that are uncertain in timing or amount, while reserves are profits set aside for specific purposes.
Provisions are recognized when there is a present obligation and it is probable that an outflow of resources will be required to settle the obligation.
Provisions are measured at the best estimate of the amount required to settle the obligation.
Examples of provisions include warranty provisions, ...
- Q2. What are accrued expenses and journal entries with examples ?
- Ans.
Accrued expenses are expenses that have been incurred but not yet paid. Journal entries are used to record these expenses.
Accrued expenses are recorded as liabilities on the balance sheet.
They represent expenses that have been incurred but not yet paid.
Accrued expenses are typically recognized at the end of an accounting period.
Journal entries are used to record accrued expenses by debiting an expense account and credi...
- Q3. What is journal entry for bad debts
- Ans.
The journal entry for bad debts involves debiting the Bad Debts Expense account and crediting the Allowance for Doubtful Accounts or Accounts Receivable account.
Bad debts are uncollectible accounts receivable that a company does not expect to recover.
The Bad Debts Expense account is an expense account that represents the estimated amount of uncollectible accounts.
The Allowance for Doubtful Accounts or Accounts Receivab...
- Q4. 3 golden rules for accounting?
- Ans.
The 3 golden rules for accounting are the rules of debit and credit, the rule of assets and liabilities, and the rule of income and expenses.
Rule of debit and credit: Every transaction has equal debits and credits, ensuring that the accounting equation remains balanced.
Rule of assets and liabilities: Assets increase with debits and decrease with credits, while liabilities increase with credits and decrease with debits.
...
- Q5. What is prepaid expenses and journal entry?
- Ans.
Prepaid expenses are advance payments made for goods or services that will be received in the future.
Prepaid expenses are considered as assets on the balance sheet.
They represent expenses that have been paid for but have not yet been used or consumed.
Journal entry for prepaid expenses involves debiting the Prepaid Expense account and crediting the Cash or Accounts Payable account.
As the prepaid expense is used or consu...
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Interview questions from similar companies
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
Selected
I applied via Job Fair and was interviewed in Mar 2024. There were 4 interview rounds.
Eligible and company details
(11 Questions)
- Q1. What are you strength and weakness
- Ans.
self motivation person and strong hard working also
- Q2. Tell me about yourself
- Q3. Why do you want work for us?
- Ans.
Because of the opportunity for growth andadvancement
- Q4. What is your greatest achievement
- Ans.
Giving a great presentation at work
- Q5. Why should hire you
- Q6. Your leadership skills
- Q7. Talk about company
- Q8. Why do you want this job
- Q9. Value this culture
- Ans.
Valuing the culture of a company is crucial for understanding its values, beliefs, and practices.
Understanding the company's mission, vision, and values
Recognizing the importance of diversity and inclusion
Respecting the traditions and customs of the organization
Promoting a positive work environment through cultural appreciation
- Q10. What are the weakness
- Ans.
Some weaknesses include lack of experience in a specific accounting software, difficulty with public speaking, and tendency to procrastinate.
Lack of experience in a specific accounting software
Difficulty with public speaking
Tendency to procrastinate
- Q11. Family background
(2 Questions)
- Q1. What are you salary expectations
- Q2. Why do you want this job
(1 Question)
- Q1. What is technical
Interview Preparation Tips
(2 Questions)
- Q1. Self introduction
- Q2. Qualification and experience
Selected
I applied via Walk-in and was interviewed in Jun 2024. There were 3 interview rounds.
(5 Questions)
- Q1. Self interdution
- Q2. What is golden rules
- Ans.
Golden rules are basic principles of accounting that serve as a foundation for financial transactions.
Golden rules include the principles of debit and credit, which dictate how transactions are recorded in accounts.
The three golden rules are: 1) Debit what comes in, credit what goes out. 2) Debit the receiver, credit the giver. 3) Debit expenses and losses, credit income and gains.
For example, when a company receives c...
- Q3. ICICI Bank information
- Q4. ICICI Bank work
- Q5. What is customer handling
- Ans.
Customer handling refers to the process of interacting with customers to address their needs, concerns, and inquiries.
Listening actively to customers to understand their needs
Providing timely and accurate information
Resolving customer complaints and issues effectively
Maintaining a positive and professional attitude
Building rapport and trust with customers
Offering solutions and alternatives to meet customer expectations
(2 Questions)
- Q1. ICICI Bank related questions
- Q2. Business loan process
(2 Questions)
- Q1. ICICI Bank how many account
- Ans.
ICICI Bank has millions of accounts worldwide.
ICICI Bank has millions of savings and current accounts globally.
The exact number of accounts is constantly changing due to new accounts being opened and closed.
ICICI Bank offers various types of accounts such as salary accounts, business accounts, and NRI accounts.
- Q2. ICICI Bank account
I applied via LinkedIn and was interviewed in Jul 2023. There were 3 interview rounds.
(6 Questions)
- Q1. Interviews that are in person and occur between one interviewer the format of these interviews typically reather straight forward
- Q2. What can we do to better support you
- Q3. This may bring up support needs like work from home arrangements and improve collaboration and further skills training
- Q4. Why should we hire you
- Q5. I wanted to work for a company that has the potential to reshaping the industry and i believe you're doing that.
- Q6. What is your salary range expectations
A way of employers access a candidate abilities through a variety of different testing formats
Interview Preparation Tips
Financial Accountant Interview Questions & Answers
Wipro
Dipak Raghunath Wankhade
posted on 5 May 2024
Selected
I applied via Walk-in
Finance accounting test i am interested
Finance assignment question
(1 Question)
- Q1. Introduction and short term goal and long term goal
Financial Accountant Interview Questions & Answers
HDFC Bank
Gutam Praveen Reddy
posted on 3 Oct 2023
I applied via Company Website and was interviewed in Sep 2023. There were 4 interview rounds.
An aptitude test is an exam used to determine an individual's skill or propensity to succeed in a given activity
(1 Question)
- Q1. Tell me something about yourself. How did you hear about this position? Why do you want to work here? Why did you decide to apply for this position? What is your greatest strength? What are your strengths ...
(1 Question)
- Q1. What's your favorite movie of all time? Do you have a hidden talent?
(2 Questions)
- Q1. Speak about yourself?
- Q2. What you know about Company
Interview Preparation Tips
Very moderate question
(1 Question)
- Q1. What is your purpose?
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