BDO RISE Private Limited Interview Questions, Process, and Tips

Q1. How would you identify a Finance Lease? (5 pointers)
Ans. 
A finance lease is a type of lease where the lessee has substantially all the risks and rewards of ownership.
• The lease term is for the major part of the economic life of the asset

• The present value of the minimum lease payments is equal to or more than the fair value of the asset

• The asset is expected to be used by the lessee for the major part of its economic life

• The lease agreement includes an option to purchase the as...read more
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Q2. How would you recognise revenue of Bundled services?
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Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.
• Identify the standalone selling prices of each service included in the bundle.

• Allocate the total revenue based on the relative fair value of each service.

• Recognize revenue for each service as it is delivered or as the customer consumes the service.

• Ensure that the revenue recognition com...read more
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Aptitude test duration 1 and half an hour

Q1. Why do you choose your career in accounting
Ans. 
I chose a career in accounting because of my strong analytical skills and passion for numbers.
• I have always been good with numbers and enjoy working with financial data

• I am detail-oriented and organized, which are important skills in accounting

• I believe accounting offers a stable and rewarding career path with opportunities for growth and advancement
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Q2. Why should we hire you
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I am a dedicated and hardworking individual with a strong desire to learn and grow in this field.
• I have a strong work ethic and am willing to put in the effort to succeed

• I am eager to learn new skills and take on new challenges

• I am a team player and work well with others, contributing positively to the team dynamic
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Q1. What is brs and reasons
Ans. 
BRS stands for Bank Reconciliation Statement, which is a statement prepared to reconcile the balance as per the bank statement with the balance as per the company's books.
• BRS helps in identifying discrepancies between the bank statement and the company's records.

• It ensures that all transactions are accurately recorded and accounted for.

• Common reasons for differences in BRS include outstanding checks, deposits in transi...read more
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Q2. What is accruals
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Accruals are expenses incurred but not yet paid or revenues earned but not yet received.
• Accruals are used to match expenses and revenues to the period in which they are incurred or earned.

• They are recorded as adjusting entries in the financial statements.

• Examples include accrued salaries, accrued interest, and accrued taxes.

• Accruals help provide a more accurate representation of a company's financial position.

• Accrual a
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Q3. Journal entries
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Q4. What do you know about bdo
Ans. 
BDO is a global accounting and advisory firm providing services in audit, tax, and consulting.
• BDO is one of the largest accounting firms in the world.

• They offer services in audit, tax, and advisory.

• BDO has offices in over 160 countries.

• The firm serves clients in various industries such as healthcare, technology, and financial services.
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Q5. Vlookup in excel
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VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• VLOOKUP stands for 'Vertical Lookup'

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the range B2:D10 and returns the value in the 3rd column

• The last parameter [range_lookup] can be TRUE (approxim
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Q6. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, Credit the giver 2. Debit what comes in, Credit what goes out 3. Debit expenses and losses, Credit income and gains

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity

• For example, when a company receives cas...read more
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Q1. What is your salary Expectations?
Ans. 
I am looking for a competitive salary that reflects my skills and experience.
• Research industry standards for apprentice trainee salaries

• Consider cost of living in the area

• Factor in any additional benefits or perks offered by the company
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Q2. Would you know which role you are applying for in this company?
Ans. 
Yes, I am applying for the role of Apprenticeship Trainee in this company.
• I am aware that I am applying for the role of Apprenticeship Trainee.

• I have researched the responsibilities and requirements of the role.

• I am confident in my ability to excel in this position.
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30 aptitude questions in 30 minutes

1 topic was given to discuss

Q1. Questions on brd
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Q1. Job roles and responsibilities
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Q2. Question based on project
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Q1. Basic accounting
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It was amazing round

Q1. Accounting rules
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Q2. How many types of Depreciation are there?
Ans. 
There are three main types of depreciation: straight-line, double declining balance, and units of production.
• Straight-line depreciation: Equal amount of depreciation is deducted each year over the useful life of the asset.

• Double declining balance depreciation: Accelerated method where depreciation expense is higher in the early years and decreases over time.

• Units of production depreciation: Depreciation is based on the...read more
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Verbal Reasoning, numerical Reasoning, logical reasoning.

Q1. About the role ,company
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It was quite easy. You've to have good grip in basic Accounting & Costing concepts. Also there was some reasoning & basic English comprehension test as well.

Q1. They will try to know if your foundation in all the commerce subjects are good or not. May be they can ask few questions regarding MS Excel.
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Q2. Why do you want to join US Taxation?
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Q3. What is Vlookup & Hlookup.
Ans. 
Vlookup & Hlookup are Excel functions used to search for a value in a table and return a corresponding value.
• Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column.

• Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Both functions are commonly used in Excel for data analysis and manipulation...read more
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