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BDO India LLP Account Assistant Interview Questions, Process, and Tips
BDO India LLP Account Assistant Interview Experiences
1 interview found
Selected
I appeared for an interview in Dec 2023.
(5 Questions)
- Q1. What is depreciation, accrual, prepayment?
- Ans.
Depreciation is the allocation of the cost of an asset over its useful life, accrual is recognizing revenue and expenses when they are incurred, and prepayment is paying for expenses before they are incurred.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet over time.
Accrual accounting matches revenue and expenses to the period they are incurred, not when cash is exchanged.
Prepa...
- Q2. Diffence between test of details and controls?
- Ans.
Test of details focuses on specific transactions or account balances, while controls test the effectiveness of internal controls.
Test of details involves examining individual transactions or account balances to ensure accuracy and completeness.
Controls testing evaluates the effectiveness of internal controls in preventing or detecting errors or fraud.
Test of details may involve confirming account balances with third pa...
- Q3. Audit procedures for purchase cycle, payroll?
- Ans.
Audit procedures for purchase cycle and payroll involve verifying transactions, reconciling accounts, and testing internal controls.
Verify purchase orders, invoices, and payments match
Reconcile accounts payable ledger to vendor statements
Test segregation of duties in payroll processing
Review payroll register for accuracy and completeness
Confirm payroll taxes are properly withheld and remitted
- Q4. Revenue recognition as per IFRS?
- Ans.
Revenue recognition under IFRS involves recognizing revenue when it is earned and realizable, regardless of when cash is received.
Revenue is recognized when it is probable that economic benefits will flow to the entity and the revenue can be reliably measured.
Revenue is measured at the fair value of the consideration received or receivable.
Revenue recognition criteria include transfer of risks and rewards, no continuin...
- Q5. What is deferred tax and why deferred tax?
- Ans.
Deferred tax is a balance sheet item that represents the tax consequences of temporary differences between accounting income and taxable income.
Deferred tax arises due to timing differences in recognizing income and expenses for tax and accounting purposes.
It is recorded on the balance sheet as a liability or asset depending on whether the tax payable is more or less than the tax expense recognized in the income statem...
(7 Questions)
- Q1. Why you want to join BDO?
- Q2. What is the reason for applying for this position?
- Q3. Where do you see yourself in 5 years?
- Q4. Tell me your previous experience on how did you manage excess work pressure?
- Q5. How will you deal with demanding clients?
- Q6. How will you deal with client whet it's not our fault?
- Ans.
I would empathize with the client, explain the situation calmly, offer solutions or alternatives, and ensure their satisfaction.
Listen to the client's concerns and acknowledge their feelings
Explain the situation calmly and objectively
Offer solutions or alternatives to address the issue
Ensure the client's satisfaction and maintain a positive relationship
- Q7. Would you be able to face clients and how would you negotiate for realistic deadlines if client is proposing unrealistic deadlines?
Interview Preparation Tips
Interviews for BSO are comparatively easy than interviews for core audit and assurance.
Top trending discussions
Interview questions from similar companies
Praveen G
(2 Questions)
- Q1. What is toe in audit
- Ans.
Toe in audit refers to the practice of comparing the financial statements of a company with industry standards to identify any discrepancies.
Toe in audit helps in identifying any potential errors or fraud in the financial statements.
It involves comparing the financial ratios, performance metrics, and key indicators of a company with industry benchmarks.
By conducting toe in audit, auditors can assess the financial healt...
- Q2. What is tod in audit
- Ans.
TOD in audit stands for Test of Details, which involves examining individual transactions or account balances to ensure accuracy and completeness.
TOD is a detailed examination of specific transactions or account balances in an audit.
It focuses on verifying the accuracy and completeness of financial information.
Examples of TOD include testing the existence of inventory by physically counting items, or confirming account...
Selected
I applied via Naukri.com and was interviewed before Sep 2022. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me something about your self
- Q2. Why KPMG and not others
(3 Questions)
- Q1. Details about IFRS 15 with examples
- Ans.
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
IFRS 15 provides a single, comprehensive revenue recognition model for all contracts with customers.
It requires entities to identify performance obligations in a contract and allocate the transaction price to each obligation based on their standalone selling prices.
Revenue is recognized when control ...
- Q2. Scenario based questions
- Q3. How to test debtors more than 3 years
- Ans.
Testing debtors more than 3 years involves thorough analysis of financial records and communication with debtors.
Review financial statements for outstanding debts older than 3 years
Contact debtors directly to inquire about the status of the debt and attempt to collect payment
Consider legal action if necessary to recover the debt
Evaluate the likelihood of collecting the debt and adjust financial records accordingly
Interview Preparation Tips
Senior Associate Interview Questions & Answers
Escalon Business Services
Anonymous
posted on 24 Sep 2024
Selected
I applied via Approached by Company and was interviewed before Sep 2023. There was 1 interview round.
(2 Questions)
- Q1. Journal entries related to deferred revenue, accrual
- Q2. Journal entries related to recording of expenses and incomes
Interview Preparation Tips
Senior Associate Interview Questions & Answers
Escalon Business Services
Anonymous
posted on 6 Nov 2024
Selected
I applied via Referral and was interviewed before Nov 2023. There were 3 interview rounds.
Assignment is accounting related
(3 Questions)
- Q1. Concept of deffered accounting
- Ans.
Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.
Common examples include prepaid expenses and unearned revenue.
Deferred tax liabilities and assets are also examples of deferred accounting.
It helps in accurately reflecting the financial
- Q2. Journal entries for amortization
- Ans.
Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
Amortization is the process of allocating the cost of intangible assets over their useful life.
Debit the Amortization Expense account and credit the Accumulated Amortization account.
Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.
Amortization does not apply to
- Q3. Depreciation accounting
(1 Question)
- Q1. Salary discussion
Interview Preparation Tips
- Accounting
Selected
I applied via Company Website and was interviewed before Dec 2021. There were 3 interview rounds.
(1 Question)
- Q1. About your previous work
(2 Questions)
- Q1. How will you handle situations
- Q2. Risk of material misstatement procedure
- Ans.
Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
The procedure involves understanding the entity and its environment, including internal controls.
It also includes assessing the risks of material misstatement due to fraud or error.
The auditor then designs and performs audit procedures to address the identified risks.
Examples of procedures inc...
Interview Preparation Tips
Senior Associate Interview Questions & Answers
Escalon Business Services
Anonymous
posted on 21 Apr 2021
I applied via Naukri.com and was interviewed in Mar 2021. There were 5 interview rounds.
Interview Questionnaire
1 Question
- Q1. There were three rounds. First was HR, then Ops and lastly Salary discussion. Ops round was basically technical round where you will be interviewed on your technical knowledge.
Interview Preparation Tips
Selected
I applied via Referral and was interviewed before Feb 2023. There was 1 interview round.
(1 Question)
- Q1. Introduce yourself
Interview Preparation Tips
Adobe Iluustrator assignment of a 4 pager layout
(2 Questions)
- Q1. How will you deal with multiple projects
- Q2. How to deal with work related issues
- Ans.
Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.
Communicate openly with colleagues and supervisors to address any issues that arise
Seek solutions collaboratively by brainstorming with team members and seeking input from others
Prioritize tasks effectively to ensure that important issues are addressed in a timely manner
Associate Interview Questions & Answers
EY Global Delivery Services ( EY GDS)
Anonymous
posted on 7 Feb 2022
I applied via Naukri.com and was interviewed before Feb 2021. There were 4 interview rounds.
.
(3 Questions)
- Q1. Share details of your previous job.
- Q2. What are your salary expectations?
- Q3. Tell me about yourself.
(1 Question)
- Q1. Question related to Job profile , experience.
(3 Questions)
- Q1. What are your salary expectations?
- Q2. What is your family background?
- Q3. What are your strengths and weaknesses?
Interview Preparation Tips
BDO India LLP Interview FAQs
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BDO India LLP Interviews By Designations
- BDO India LLP Associate Interview Questions
- BDO India LLP Article Assistant Interview Questions
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- BDO India LLP Audit Associate Interview Questions
- Show more
BDO India LLP Account Assistant Interview Process
based on 2 interviews
Interview experience
Interview Questions from Similar Companies
BDO India LLP Account Assistant Reviews and Ratings
based on 10 reviews
Rating in categories
|
Associate
504
salaries
|  ₹4.4 L/yr - ₹12.8 L/yr |
|
Senior Associate
450
salaries
| ₹4.7 L/yr - ₹15 L/yr |
|
Assistant Manager
322
salaries
| ₹6.5 L/yr - ₹22 L/yr |
|
Senior Assistant
185
salaries
| ₹3.5 L/yr - ₹7.3 L/yr |
|
Manager
138
salaries
| ₹12 L/yr - ₹36 L/yr |
EY Global Delivery Services ( EY GDS)
RSM India
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