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BDO RISE Private Limited
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BDO RISE Private Limited Tax Associate Interview Questions, Process, and Tips
Top BDO RISE Private Limited Tax Associate Interview Questions and Answers
- Q1. what is contingent Asset and Contingent Liability
- Q2. what is accumulated depreciation
- Q3. What is Vlookup & Hlookup.
BDO RISE Private Limited Tax Associate Interview Experiences
3 interviews found
Anonymous
Selected
I applied via LinkedIn and was interviewed before Oct 2023. There were 2 interview rounds.
(2 Questions)
- Q1. What is accumulated depreciation
- Ans.
Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was acquired.
Accumulated depreciation is a contra asset account, meaning it has a credit balance.
It represents the total depreciation expense recognized on an asset over its useful life.
Accumulated depreciation is used to reduce the carrying amount of an asset on the balance sheet.
For example, if a company ...
- Q2. What is contingent Asset and Contingent Liability
- Ans.
Contingent assets and liabilities are potential assets and liabilities that may arise in the future based on certain events.
Contingent Asset: potential assets that may arise in the future if certain events occur, such as a pending lawsuit or a potential tax refund.
Contingent Liability: potential liabilities that may arise in the future if certain events occur, such as a pending lawsuit or a warranty claim.
Contingent as...
(2 Questions)
- Q1. Journal entries
- Q2. Accounting concepts and examples
- Ans.
Accounting concepts are fundamental principles that guide the preparation and presentation of financial statements.
Accrual accounting vs. cash accounting
Matching principle
Conservatism principle
Revenue recognition principle
Historical cost principle
Materiality principle
(1 Question)
- Q1. Basic accounting
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.
(3 Questions)
- 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.
- Q2. Why do you want to join US Taxation?
- 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...
Tax Associate Jobs at BDO RISE Private Limited
Interview questions from similar companies
I applied via Recruitment Consulltant and was interviewed in Aug 2024. There were 3 interview rounds.
(3 Questions)
- Q1. What is Passive foreign Investment company
- Ans.
Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.
PFIC status can have significant tax implications for U.S. taxpayers.
Taxpayers must report PFIC investments on Form 8621.
PFIC rules are complex and may require specialized tax advice.
Examples of PFICs include certain foreign mutual funds and holding co
- Q2. What is Form 5471
- Ans.
Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.
Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations
Provides information on the foreign corporation's financial activities and ownership structure
Helps the IRS prevent tax evasion through controlled foreign corporations
Different filing requirements based ...
- Q3. Questions on Form 1040
(2 Questions)
- Q1. Questions on form 1040
- Q2. Questions on what type of structure in tax would I select to work in BDO
(3 Questions)
- Q1. Questions on form 1040 & everything was covered
- Q2. Questions on Form 5471
- Q3. Questions on form 962
Interview Preparation Tips
Partner round is very brutal for me.
I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. Slept introduction
- Q2. What is direct tax
- Ans.
Direct tax is a tax imposed directly on individuals or organizations by the government.
Direct tax is paid directly by the taxpayer to the government.
It is based on the income or profits of the taxpayer.
Examples include income tax, corporate tax, and property tax.
Selected
I was interviewed before Jan 2024.
US Tax Related Question
(3 Questions)
- Q1. Accounting definitions
- Q2. Principles of Accounting & Some journal entries
- Ans.
Understanding principles of accounting and journal entries is essential for a Tax Associate role.
Principles of accounting include matching principle, revenue recognition principle, and cost principle
Journal entries are used to record financial transactions in the accounting system
Examples of journal entries include recording revenue, expenses, and asset purchases
- Q3. Self introducing
(2 Questions)
- Q1. Salary discussion
- Q2. Self introduction
(2 Questions)
- Q1. Basic Knowledge of Forms
- Q2. Federal and state taxes
I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Why did you choose. CohnReznick
- Q2. Why the change in career?
Interview Preparation Tips
Tax Associate Interview Questions & Answers
Ryan
tprabhavathi srinivasarao sharma
posted on 5 Nov 2024
What is Tax, How many types of Taxes are there
I applied via Referral and was interviewed before Aug 2021. There was 1 interview round.
(1 Question)
- Q1. Explain Accounting Principals
- Ans.
Accounting principles are the fundamental guidelines and rules that govern the field of accounting.
Accounting principles provide a framework for recording, analyzing, and reporting financial transactions.
They ensure consistency, accuracy, and transparency in financial statements.
Examples of accounting principles include the matching principle, revenue recognition principle, and the cost principle.
These principles help ...
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BDO RISE Private Limited Tax Associate Interview Process
based on 3 interviews
Interview experience
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BDO RISE Private Limited Tax Associate Reviews and Ratings
based on 13 reviews
Rating in categories
|
Associate
179
salaries
|  ₹4.2 L/yr - ₹13.9 L/yr |
|
Senior Associate
171
salaries
| ₹5.5 L/yr - ₹19.5 L/yr |
|
Assistant Manager
159
salaries
| ₹10.5 L/yr - ₹28 L/yr |
|
Audit Associate
141
salaries
| ₹3 L/yr - ₹9.7 L/yr |
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Senior Audit Associate
100
salaries
| ₹7 L/yr - ₹18.8 L/yr |
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