Atos AM - Finance & Accounts Interview Questions and Answers

Nothing, No suggestions. Not given any interviews as yet.

Q1. Why do you want to work here?
Add your answer
Q2. What is your salary expectation?
Add your answer

Q1. Tell me about yourself
View 1 more answer

Online assessment (Technical, English, Reasoning)

Q1. Difference between Balance sheet and trial balance
Ans. 
Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.
• Balance sheet is a snapshot of a company's financial position at a specific point in time.

• Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.

• Balance sheet includes assets, liabilities, and equity sections.

• Trial balance is used to prep...read more
Answered by AI
Add your answer
Q2. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula includes direct materials, direct labor, and overhead costs.

• It helps in comparing actual costs with standard costs to identify variances.

• Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs
Answered by AI
Add your answer
Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
Ans. 
Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals are expenses incurred but not yet paid or revenue earned but not yet received.

• Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...read more
Answered by AI
Add your answer
Q4. Case study on Ind AS 115
Add your answer
Q5. Preparation of balance sheet and computation of various ratios
Ans. 
Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.
• List all assets, liabilities, and equity on the balance sheet

• Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity

• Use formulae like Current Ratio = Current Assets / Current Liabilities

• Interpret the ratios to analyze the financial he
Answered by AI
Add your answer
Q6. Accounting principles
Add your answer

Q1. What is DTA and DTL
Ans. 
DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.
• DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.

• DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.

• DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.

• DTL arises when a c...read more
Answered by AI
Add your answer
Q2. Accounting entry for accumulated depreciation
Ans. 
Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.
• Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.

• The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...read more
Answered by AI
Add your answer
Q3. Few resume based questions
Add your answer
Q4. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost

• Standard cost of direct materials = Standard quantity of materials x Standard price per unit

• Standard cost of direct labor = Standard hours of labor x Standard rate per hour

• Standard manufactur...read more
Answered by AI
Add your answer
Q5. Difference between budgeting and forecasting
Ans. 
Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.
• Budgeting is a plan for how to allocate resources and achieve financial goals

• Forecasting predicts future financial outcomes based on past data and trends

• Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis

• Budget...read more
Answered by AI
Add your answer
Q6. Meaning of variance analysis
Ans. 
Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.
• Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.

• It involves comparing actual financial performance with budgeted or standard performance.

• Common types of variances include price variance, quantity variance, and mix variance.

• Variance analy...read more
Answered by AI
Add your answer

Q1. Tell me about yourself
Add your answer

It was a easy to moderate test.

Grouobof abkut 7 in each group.

Q1. Tell About yourself?
Add your answer
Q2. What is your projects?
Add your answer

First started one person and after one person started discussion.

Q1. What was finance executive system
Ans. 
Finance executive system refers to the software and tools used by finance executives to manage financial operations and make strategic decisions.
• Finance executive system includes financial planning and analysis tools, accounting software, and reporting systems.

• These systems help finance executives to track financial performance, forecast future trends, and make data-driven decisions.

• Examples of finance executive system...read more
Answered by AI
Add your answer
Q2. H.r roles of management systems
Ans. 
HR plays a crucial role in management systems by ensuring compliance, employee engagement, and talent management.
• HR ensures compliance with labor laws and regulations

• HR manages employee engagement and retention programs

• HR oversees talent management, including recruitment, training, and development

• HR plays a key role in shaping company culture and values

• HR provides support and guidance to managers on employee relations
Answered by AI
Add your answer
Q3. H.r executive performance system.
Ans. 
HR executive performance system is a tool to evaluate and manage the performance of HR executives.
• It helps in setting clear goals and objectives for HR executives

• It provides regular feedback and coaching to improve performance

• It tracks progress and identifies areas for improvement

• It can be used to reward high performers and address performance issues

• Examples of HR executive performance systems include 360-degree feedba...read more
Answered by AI
Add your answer
Q4. H.r. manager committee system.
Add your answer
Q5. H.r managerial system.
Ans. 
An HR managerial system is a software or platform that helps manage employee data, payroll, benefits, and performance.
• HRMS helps automate HR processes and reduce manual work

• It can track employee attendance, leave, and performance

• It can generate reports and analytics to help make data-driven decisions

• Examples of HRMS include SAP SuccessFactors, Workday, and Oracle HCM Cloud
Answered by AI
Add your answer
Q6. H.r committee system.
Ans. 
The HR committee system is a group of individuals responsible for overseeing HR policies and practices within an organization.
• The committee typically includes representatives from various departments and levels within the organization.

• They may review and make recommendations on HR policies, procedures, and programs.

• The committee may also be responsible for addressing employee grievances and ensuring compliance with emp...read more
Answered by AI
Add your answer

Q1. US corporation Taxation preparing process
Ans. 
US corporation taxation process involves filing tax returns and paying taxes to the Internal Revenue Service (IRS).
• US corporations must file their tax returns using Form 1120

• The tax rate for corporations is a flat 21%

• Corporations may also be subject to state and local taxes

• Tax payments are typically made quarterly throughout the year

• Corporations may also need to file other forms such as Form 5471 for foreign subsidiari...read more
Answered by AI
Add your answer
Q2. 1120 and corptax software related questions
Add your answer
Q3. Relocation and self introductio
Add your answer