Barclays
Aallia Hospitality Interview Questions and Answers
Q1. What is form 3CA and 3CD? Present tax audit limit? Recent amendments in applicability of tax audit?. How will you record goods in transit? What is credit risk? What is IRR? What is NPV? What is the difference b...
read moreA series of questions related to tax audit, accounting, finance, and investments.
Form 3CA and 3CD are documents required for tax audit in India.
The present tax audit limit is Rs. 5 crores.
Recent amendments in applicability of tax audit include an increase in the threshold limit for businesses with digital transactions.
Goods in transit can be recorded using a transit account.
Credit risk is the risk of loss due to a borrower's failure to repay a loan or meet contractual obligat...read more
Q2. What will happen to emerging market currency if Donald Trump were to win election?
Emerging market currencies may experience volatility if Donald Trump wins election.
Emerging market currencies could weaken due to uncertainty and potential trade conflicts under Trump's administration
Investors may seek safe-haven assets like the US dollar, leading to further depreciation of emerging market currencies
Countries with high exposure to US trade policies, such as Mexico and China, may see their currencies particularly affected
Q3. How prices and yields of bond work? Focusing on Fed fund rate.
Bond prices and yields have an inverse relationship, affected by the Fed fund rate.
Bond prices and yields have an inverse relationship - when bond prices go up, yields go down, and vice versa.
The Fed fund rate influences bond prices and yields - when the Fed fund rate increases, bond prices decrease and yields increase.
Investors monitor the Fed fund rate to predict bond market movements and make investment decisions accordingly.
Q4. How is future rate/ forward calculated? Focusing in INR
Future rates/forwards are calculated based on interest rate differentials between two currencies.
Future rates are calculated using the interest rate differentials between the two currencies involved.
For example, if the interest rate in India (INR) is 5% and in the US (USD) is 2%, the forward rate would be calculated based on this difference.
The formula for calculating the forward rate involves the spot rate, interest rates, and time to maturity.
Forward rates are used by inves...read more
Q5. What is Credit Default Swap
A Credit Default Swap (CDS) is a financial derivative contract that allows an investor to hedge against the risk of default on a debt instrument.
CDS is essentially a form of insurance against the default of a borrower or issuer of a debt security.
The buyer of a CDS makes periodic payments to the seller in exchange for protection against default on a specified debt obligation.
If the borrower defaults, the seller of the CDS compensates the buyer for the loss incurred.
CDS can be...read more
Q6. Accounting entries for Bond
Accounting entries for bonds involve recording the issuance, interest expense, and amortization of premium or discount.
Record issuance of bonds at face value as a liability and cash received as an asset
Recognize interest expense over time using effective interest rate method
Amortize premium or discount on bonds using straight-line or effective interest rate method
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