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BDO India LLP Financial Analyst Interview Questions and Answers

Updated 27 Sep 2024

BDO India LLP Financial Analyst Interview Experiences

1 interview found

Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Past experiences
  • Q2. Tools used previously
  • Ans. 

    I have used various financial analysis tools such as Excel, Bloomberg Terminal, and Tableau in my previous roles.

    • Excel for financial modeling and data analysis

    • Bloomberg Terminal for market research and analysis

    • Tableau for data visualization and reporting

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I had a pathetic experience when I was offered a package which was already below industry standards. When I tried to negotiate and asked for another 5% increase, the HR came back after a week with an offer lower than the one originally offered. I guess BDO rise wants standard employees at a below than average pay.

Just be careful and never join an organisation which undervalues you. Better opportunities will surely come if you have the experience and skill set.

Interview questions from similar companies

I applied via Referral and was interviewed before Oct 2019. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Round - what were the business proccesses you worked on? 2- disadvantages of the eBao/ COTS solution you worked.
  • Q2. Round 2- explain difference between rewrite and reinstatement
  • Ans. 

    Rewrite and reinstatement are two different methods of policy modification.

    • Rewrite involves creating a new policy from scratch, while reinstatement involves restoring a lapsed policy.

    • Rewrite may result in changes to coverage, premiums, and terms, while reinstatement typically restores the policy to its original state.

    • Examples of when to use rewrite include major life changes or significant changes in risk, while reinst...

  • Answered by AI
  • Q3. If a policy is billed monthly and is an annual policy and due to non payment the policy is cancelled during June. (Term is Jan 2019 to Jan 2020). policyholder reinstates the policy in September! Therefore,...
  • Ans. 

    No, the company will not process the claim.

    • The policy was cancelled in June due to non-payment.

    • The policyholder reinstated the policy in September.

    • The claim arises in August, which is before the policy was reinstated.

    • Since the policy was not active in August, the company will not process the claim.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read the basic concepts of Insurance and attend the interview!

I appeared for an interview before Apr 2021.

Round 1 - One-on-one 

(1 Question)

  • Q1. What do you know about RTR, PTP?
  • Ans. 

    RTR stands for Ready to Run and PTP stands for Precision Time Protocol.

    • RTR is a term used in the automotive industry to describe a car that is ready to be driven off the lot without any additional modifications.

    • PTP is a protocol used to synchronize clocks in a network.

    • PTP is often used in industrial automation and control systems.

    • RTR and PTP are not directly related, but both are important in their respective fields.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Explained both the processes in detail.
Read about them and should be fairly simple.

Skills evaluated in this interview

I applied via Approached by Company and was interviewed before Nov 2021. 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 - HR 

(1 Question)

  • Q1. Tell me abt yourself
Round 3 - Technical 

(1 Question)

  • Q1. Product knowledge & other general stuff

Interview Preparation Tips

Interview preparation tips for other job seekers - They need ppl and they offer you well. Depends on how well you bargain!

Interview Questionnaire 

1 Question

  • Q1. What is supervised ML
  • Ans. 

    Supervised ML is a type of machine learning where the algorithm is trained on labeled data to make predictions or classifications.

    • Supervised learning involves a dataset with labeled examples

    • The algorithm learns from the labeled data to make predictions on new, unlabeled data

    • Examples include image classification, spam filtering, and predicting housing prices

    • Common algorithms include decision trees, logistic regression,

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and honest with your answers

Skills evaluated in this interview

Interview Questionnaire 

1 Question

  • Q1. Audit Questions on how to perform audit in specific situations like when client is refusing and other related

Interview Preparation Tips

Interview preparation tips for other job seekers - Be Confident and reply extra like SA name or no.

I applied via Referral and was interviewed in Sep 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. Fixed Asset, Debtor, Inventory Audit procedures
  • Q2. Journal entries
  • Q3. Audit materiality

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident

I applied via LinkedIn and was interviewed in Aug 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Explain the process carried on during any of your assignments. Technical questions about the subject. Team management

Interview Preparation Tips

Interview preparation tips for other job seekers - Be very well prepared about the technical aspects of your profile. Do ask questions in the end about your profile/domain/role.

I applied via Referral and was interviewed before Jan 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. What are the carve outs in various IND AS and IFRS
  • Ans. 

    Carve outs in IND AS and IFRS refer to exceptions or exclusions from the standard accounting treatment.

    • IND AS 101 allows first-time adopters to use previous GAAP for certain items

    • IFRS 1 allows exemptions for certain disclosures and retrospective application

    • IND AS 109 has carve outs for hedge accounting and impairment

    • IFRS 9 has carve outs for financial liabilities and macro hedging

    • IND AS 115 has carve outs for certain c...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be ready with IND As and process related questions
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed in Dec 2022. There were 2 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 - One-on-one 

(8 Questions)

  • Q1. Tell me about Yourself
  • Q2. What are financial statement
  • Ans. 

    Financial statements are reports that show the financial performance and position of a company.

    • Financial statements include the balance sheet, income statement, and cash flow statement.

    • They provide information on a company's revenue, expenses, assets, liabilities, and equity.

    • Investors and creditors use financial statements to evaluate a company's financial health and make decisions.

    • Examples of financial statements incl...

  • Answered by AI
  • Q3. Schedule 3 of companies act
  • Ans. 

    Schedule 3 of Companies Act is a list of disclosures that companies must make in their financial statements.

    • Schedule 3 outlines the minimum disclosures required for companies to comply with the Companies Act.

    • It includes information on fixed assets, investments, inventory, debtors, creditors, and more.

    • Companies must ensure that their financial statements include all the necessary disclosures as per Schedule 3.

    • Failure to...

  • Answered by AI
  • Q4. Golden rule of accounting
  • Ans. 

    The golden rule of accounting is to maintain a balance between assets, liabilities, and equity.

    • Assets = Liabilities + Equity

    • This equation must always be balanced in order to ensure accurate financial statements

    • Any changes to one side of the equation must be reflected on the other side

    • For example, if a company takes out a loan (liability), their assets will increase by the amount of the loan, but their equity will decre

  • Answered by AI
  • Q5. GST Journal entry with credit purchase
  • Ans. 

    GST journal entry for credit purchase

    • Debit the purchase account

    • Credit the GST input account

    • Credit the supplier account

  • Answered by AI
  • Q6. What is internal audit
  • Ans. 

    Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

    • Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes

    • It provides recommendations for improvement and helps the organization achieve its objectives

    • Examples of internal audit activities include financial audits, operationa

  • Answered by AI
  • Q7. Who are the person who can do Internal audit
  • Ans. 

    Internal audit can be done by individuals who possess relevant skills and knowledge.

    • Individuals with accounting or finance background

    • Certified Internal Auditors (CIAs)

    • Individuals with experience in risk management and compliance

    • Professionals with knowledge of industry-specific regulations and standards

    • Individuals with strong analytical and communication skills

    • Examples: Accountants, Auditors, Risk Managers, Compliance O

  • Answered by AI
  • Q8. Salary Expectation, what would you prefer

Interview Preparation Tips

Interview preparation tips for other job seekers - MS - Excel is must without this no one can be selected

BDO India LLP Interview FAQs

How many rounds are there in BDO India LLP Financial Analyst interview?
BDO India LLP interview process usually has 1 rounds. The most common rounds in the BDO India LLP interview process are HR.
How to prepare for BDO India LLP Financial Analyst 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 BDO India LLP. The most common topics and skills that interviewers at BDO India LLP expect are Accounting, Accounting Standards, Cash Flow Statement, Chartered Accountant and Financial Analysis.

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BDO India LLP Financial Analyst Interview Process

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4.0/5

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5.0

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3.0

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4.0

Company culture

3.0

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