ASA & Associates Management Trainee Interview Questions and Answers

I have experience in managing a team, handling customer inquiries, and implementing new strategies.

• Managed a team of 10 customer service representatives

• Handled customer inquiries via phone, email, and in-person

• Implemented new strategies to improve customer satisfaction and retention

• Collaborated with other departments to streamline processes and increase efficiency

I am motivated to join this company because of its strong reputation in the industry, opportunities for growth and development, and alignment with my career goals.

• Strong reputation in the industry

• Opportunities for growth and development

• Alignment with my career goals

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains

• Debit assets, credit liabilities and equity

Audit risks include inherent risk, control risk, and detection risk.

• Inherent risk: Risk of material misstatement in the absence of internal controls.

• Control risk: Risk that internal controls fail to prevent or detect material misstatements.

• Detection risk: Risk that audit procedures fail to detect material misstatements.

• Examples: Inherent risk may be high in industries prone to fraud, control risk may be high in compani...read more