BA Continuum Assistant Manager Finance Interview Questions, Process, and Tips

Q1. Based on resume
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Q2. Forecasting methods
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Q1. What is the Accrued Expenses
Ans. 
Accrued expenses are expenses that have been incurred but not yet paid or recorded.
• Accrued expenses are recognized as liabilities on the balance sheet.

• They represent expenses that have been incurred in one accounting period but will be paid in a future period.

• Examples of accrued expenses include salaries payable, interest payable, and utilities payable.

• Accrued expenses are typically recorded through adjusting entries a
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Q2. What is Accrued Liability
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Accrued liability refers to an expense that has been incurred but not yet paid or recorded.
• Accrued liability is a financial obligation that a company has incurred but has not yet paid.

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

• Examples of accrued liabilities include salaries payable, interest payable, and taxes payable.

• Accrued liabilities are typically recognized through accrual accounting, matching e...read more
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Q3. What is Golden Rule of accounting
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The Golden Rule of accounting states that debit the receiver and credit the giver.
• The Golden Rule is a fundamental principle in accounting.

• It helps in maintaining the balance in the accounting equation.

• According to the rule, for every transaction, there must be a debit entry and a corresponding credit entry.

• Debit refers to the left side of an account, while credit refers to the right side.

• The rule ensures that the acco...read more
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According

Q1. What you know about ind as
Ans. 
Ind AS stands for Indian Accounting Standards which are converged with International Financial Reporting Standards (IFRS).
• Ind AS are a set of accounting standards notified by the Ministry of Corporate Affairs (MCA) in India.

• They are based on IFRS and are mandatory for certain companies to follow.

• Ind AS aim to bring transparency, comparability, and consistency in financial reporting.

• They cover various aspects of account...read more
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Q2. TDS compliances and 194c
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Q1. Discuss 4 case study related to supply chain management.
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Round duration - 140 minutes
Round difficulty - Medium

Test timing was at 2:00 pm , it was conducted in a college and the environment was good for the test. Camera was a primary part of test, so no suspicious activity.

Q1. 
Sum of Two Numbers Represented as Arrays
Given two numbers in the form of two arrays where each element of the array represents a digit, calculate the sum of these two numbers and return this sum as an ar...read more
Ans. 
Given two numbers represented as arrays, calculate their sum and return the result as an array.
• Iterate through the arrays from right to left, adding digits and carrying over if necessary

• Handle cases where one array is longer than the other by considering the remaining digits

• Ensure the final sum array does not have any leading zeros
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Round duration - 20 minutes
Round difficulty - Easy

The round was conducted at around 12 p.m. I was called at the college location and then it was conducted. The interviewer was quite polite and frank.

Round duration - 8 minutes
Round difficulty - Easy

This round was conducted right after finishing and clearing the technical round at the same place and on the same day.