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Ascendum Solutions Executive Accountant Interview Questions and Answers

Updated 16 Mar 2024

Ascendum Solutions Executive Accountant Interview Experiences

1 interview found

Interview experience
1
Bad
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Sep 2023. There were 2 interview rounds.

Round 1 - Case Study 

Accounting fundamental

Round 2 - Technical 

(1 Question)

  • Q1. Accounting concepts

Interview questions from similar companies

Interview Questionnaire 

1 Question

  • Q1. Process regards

I applied via Walk-in and was interviewed before Jun 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

It's normal aptitude test and then everyone get into next round

Round 2 - One-on-one 

(2 Questions)

  • Q1. 1st interview with team leader asking same question tell me about yourself , asking basic concepts of PO
  • Q2. After manager take same question then end

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident, be honest, please don't expect more growth in salary

I applied via Referral and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. As per profile Accounts related or as per experience

Interview Preparation Tips

Interview preparation tips for other job seekers - It's nice company & interview process very smooth

I applied via Other and was interviewed in Sep 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Regarding Genral Ledger

Interview Preparation Tips

Interview preparation tips for other job seekers - Read all ccounting Standards.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Logical reasoning and grammer

Round 2 - One-on-one 

(1 Question)

  • Q1. Describe yourelf
  • Ans. 

    Experienced Executive Accountant with a strong background in financial analysis and reporting.

    • Over 8 years of experience in accounting and finance

    • Expertise in budgeting, forecasting, and financial modeling

    • Proven track record of improving financial processes and efficiency

    • Strong analytical skills and attention to detail

    • Excellent communication and leadership abilities

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before May 2023. There were 3 interview rounds.

Round 1 - HR 

(4 Questions)

  • Q1. Tell me about yourself?
  • Q2. What is your expected salary?
  • Q3. Would you be able to work on Saturday?
  • Q4. Do you know golden rules?
  • Ans. 

    Yes, golden rules are basic principles of accounting that guide the preparation of financial statements.

    • Golden rules are the fundamental principles of accounting that help in recording financial transactions accurately.

    • There are three golden rules: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

    • For example, when cash is received, it is...

  • Answered by AI
Round 2 - Aptitude Test 

20 marks will be for math questions.
20 marks will for grammar.
20 marks will be for logical questions.
20 marks will be for email writing.
20 marks will be for excel

Round 3 - One-on-one 

(7 Questions)

  • Q1. Tell me about yourself
  • Q2. What is double entry?
  • Ans. 

    Double entry is a fundamental accounting concept where every transaction has equal and opposite effects on at least two accounts.

    • Every transaction involves at least two accounts - one account is debited and the other is credited.

    • Debits must equal credits in every transaction to maintain the accounting equation (Assets = Liabilities + Equity).

    • Double entry ensures accuracy and helps in detecting errors in financial recor...

  • Answered by AI
  • Q3. What are 3 golden rules?
  • Ans. 

    The 3 golden rules of accounting are principles that guide the preparation of financial statements.

    • 1. The revenue recognition principle - recognize revenue when it is earned, not when cash is received.

    • 2. The matching principle - expenses should be matched with revenues in the period they are incurred.

    • 3. The consistency principle - use the same accounting methods and procedures from period to period.

  • Answered by AI
  • Q4. What is account receivable?
  • Ans. 

    Accounts receivable is the money owed to a company by its customers for goods or services provided on credit.

    • Accounts receivable represents the amount of money owed to a company by its customers for goods or services provided on credit.

    • It is considered an asset on the company's balance sheet.

    • Accounts receivable is typically collected within a certain period of time, often 30, 60, or 90 days.

    • Examples include invoices se...

  • Answered by AI
  • Q5. What is accounts payable?
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

    • Accounts payable represents a company's short-term debt obligations to its suppliers.

    • It is listed as a liability on the company's balance sheet.

    • Accounts payable is typically paid within a certain period, often 30, 60, or 90 days.

    • Examples of accounts payable include invoices from suppliers for inv...

  • Answered by AI
  • Q6. What is depreciation?
  • Ans. 

    Depreciation is the allocation of the cost of a tangible asset over its useful life.

    • Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

    • It is used to spread the cost of an asset over its useful life for accounting and tax purposes.

    • Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

    • Examples of depreciable assets inc...

  • Answered by AI
  • Q7. What is supplier?
  • Ans. 

    A supplier is a person or company that provides goods or services to another entity.

    • Suppliers play a crucial role in the supply chain of a business.

    • They can provide raw materials, components, or finished products.

    • Examples of suppliers include manufacturers, wholesalers, and distributors.

    • Maintaining good relationships with suppliers is important for business success.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and be prepared with basic accounting questions from 11-12th standard.

Interview Questionnaire 

2 Questions

  • Q1. Asking abput account related questions
  • Q2. Tell mr what is accounting, what is basic principles of accounting and what is balance sheet.
  • Ans. 

    Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

    • Basic principles of accounting include the accounting equation, double-entry accounting, and the accrual basis of accounting.

    • The accounting equation states that assets must equal liabilities plus equity.

    • Double-entry accounting requires that every transaction have...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - They manager giving interview but they didn't giving feedback. If you don't higher the candidate then please dont play that people emotions..
Round 1 - HR 

(1 Question)

  • Q1. About yourself, accounting knowledge and I was a fresher
Round 2 - Aptitude Test 

60 minutes Section are Logical, English, visual

Round 3 - Technical 

(1 Question)

  • Q1. Technical or manager round where accounting entry related questioned are asked

Interview Preparation Tips

Interview preparation tips for other job seekers - The interview is easy to cracks not that difficult
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Jan 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Assignment 

Written assignment was there to check English grammar.Hr round is 2 nd round

Round 3 - HR 

(2 Questions)

  • Q1. About family previous experience
  • Q2. What is mortgage? What is insurance
  • Ans. 

    Mortgage is a loan taken to buy a property. Insurance is a contract that provides financial protection against loss or damage.

    • Mortgage is a type of loan used to purchase a property, where the property itself serves as collateral for the loan.

    • Insurance is a contract between an individual or entity and an insurance company, where the individual or entity pays a premium in exchange for financial protection against loss or...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Placement can help a lot. Drive time is more useful

Ascendum Solutions Interview FAQs

How many rounds are there in Ascendum Solutions Executive Accountant interview?
Ascendum Solutions interview process usually has 2 rounds. The most common rounds in the Ascendum Solutions interview process are Case Study and Technical.
How to prepare for Ascendum Solutions Executive Accountant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Ascendum Solutions. The most common topics and skills that interviewers at Ascendum Solutions expect are Analytical skills and Problem Solving.

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Ascendum Solutions Executive Accountant Interview Process

based on 1 interview

Interview experience

1
  
Bad
View more
Ascendum Solutions Executive Accountant Salary
based on 15 salaries
₹2 L/yr - ₹5.1 L/yr
17% more than the average Executive Accountant Salary in India
View more details

Ascendum Solutions Executive Accountant Reviews and Ratings

based on 6 reviews

3.7/5

Rating in categories

3.7

Skill development

3.5

Work-life balance

3.2

Salary

4.0

Job security

4.2

Company culture

2.5

Promotions

3.5

Work satisfaction

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