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BDO RISE Private Limited Interview Questions and Answers
26 Interview questions
Reviewing returns and workpapers involves thorough examination of tax documents and supporting documentation.
Start by reviewing the tax return for accuracy and completeness
Compare the numbers on the return to the supporting workpapers
Check for any discrepancies or missing information
Verify that all calculations are correct
Ensure that all necessary schedules and forms are included
Document any findings or issues for...
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 t...
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 recognitio...
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.
Continge...
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 com...
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 t...
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 (app...
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.
Accr...
Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the cash is received.
Revenue is recognized when it is realized or realizable and earned.
The amount of revenue to be recognized is based on the consideration received or expected to be received in exchange for goods or services.
Revenue recognition principles may vary based on the industry and sp...
Assertions are claims or statements made by management regarding the financial statements.
Assertions are made by management about the accuracy, completeness, and validity of the financial statements.
There are different types of assertions such as existence, completeness, valuation, rights and obligations, etc.
Auditors use these assertions to assess the risk of material misstatement in the financial statements.
For ...
BDO RISE Private Limited Interview Experiences
34 interviews found
Anonymous
I applied via Referral and was interviewed in Jul 2021. There was 1 interview round.
Interview Questionnaire
4 Questions
- Q1. What is audit risk? Risk function.
- Q2. What is materiality?
- Q3. Explain the full audit process.
- Ans.
The audit process involves planning, execution, reporting, and follow-up to ensure financial accuracy and compliance.
1. Planning: Define the audit scope and objectives, e.g., assessing financial statements.
2. Risk Assessment: Identify areas of potential risk, such as revenue recognition.
3. Fieldwork: Gather evidence through testing and observations, e.g., verifying inventory counts.
4. Evaluation: Analyze findings and a...
- Q4. How to verify cash balances?
- Ans.
Verifying cash balances involves reconciling records, confirming with banks, and ensuring accuracy in financial statements.
Perform bank reconciliations to match cash records with bank statements.
Conduct cash counts to physically verify cash on hand, e.g., petty cash.
Review cash receipts and disbursements for accuracy and completeness.
Confirm cash balances with bank statements and third-party confirmations.
Analyze cash ...
Interview Preparation Tips
Selected
(4 Questions)
- Q1. Depreciation methods and forms
- Ans.
Depreciation methods and forms are used to allocate the cost of an asset over its useful life for tax purposes.
Depreciation methods include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
Forms used for depreciation include Form 4562 for assets placed in service during the tax year and Form 4797 for assets disposed of during the tax year.
Depreciation is important for determinin...
- Q2. Partners allocation
- Q3. 163j interest limitations
- Q4. Process of reviewing returns and wp
- Ans.
Reviewing returns and workpapers involves thorough examination of tax documents and supporting documentation.
Start by reviewing the tax return for accuracy and completeness
Compare the numbers on the return to the supporting workpapers
Check for any discrepancies or missing information
Verify that all calculations are correct
Ensure that all necessary schedules and forms are included
Document any findings or issues for furt...
Interview Preparation Tips
I applied via Referral and was interviewed in Jul 2024. There were 2 interview rounds.
(4 Questions)
- Q1. What are assertions
- Ans.
Assertions are claims or statements made by management regarding the financial statements.
Assertions are made by management about the accuracy, completeness, and validity of the financial statements.
There are different types of assertions such as existence, completeness, valuation, rights and obligations, etc.
Auditors use these assertions to assess the risk of material misstatement in the financial statements.
For examp...
- Q2. What is materiality
- Ans.
Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
Materiality is a threshold used to assess whether an item is significant enough to impact decision-making by users of financial statements.
It is based on both quantitative and qualitative factors, such as the size of the item, nature of the item, and potential impact on stakeholders.
Materiali...
- Q3. How would you check cash and bank balances
- Ans.
To check cash and bank balances, I would perform bank reconciliations, verify deposits and withdrawals, and review bank statements.
Perform bank reconciliations to ensure the balance in the company's books matches the bank statement
Verify deposits and withdrawals by comparing them to supporting documentation such as deposit slips and checks
Review bank statements for any discrepancies or unauthorized transactions
Investig...
- Q4. Explain revenue recognition
- Ans.
Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the cash is received.
Revenue is recognized when it is realized or realizable and earned.
The amount of revenue to be recognized is based on the consideration received or expected to be received in exchange for goods or services.
Revenue recognition principles may vary based on the industry and specifi...
(2 Questions)
- Q1. Industry specific questions
- Q2. Ind as 116 accounting
I applied via Approached by Company and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- 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...
- Q2. How would you recognise revenue of Bundled services?
- Ans.
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...
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Apr 2024. There were 4 interview rounds.
Aptitude test duration 1 and half an hour
(2 Questions)
- 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
- Q2. Why should we hire you
- Ans.
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
(6 Questions)
- 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...
- Q2. What is accruals
- Ans.
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...
- Q3. Journal entries
- 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.
- Q5. Vlookup in excel
- Ans.
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...
- Q6. Golden rules of accounting
- Ans.
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...
(2 Questions)
- 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
- 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.
Skills evaluated in this interview
I applied via Referral and was interviewed in May 2024. There were 4 interview rounds.
30 aptitude questions in 30 minutes
1 topic was given to discuss
(1 Question)
- Q1. Questions on brd
(2 Questions)
- Q1. Job roles and responsibilities
- Ans.
Business Analysts bridge the gap between IT and business, ensuring solutions meet organizational needs.
Requirements Gathering: Collaborate with stakeholders to identify and document business needs, such as conducting interviews or surveys.
Data Analysis: Analyze data trends to provide insights for decision-making, like using tools such as Excel or SQL.
Process Improvement: Identify inefficiencies in business processes an...
- Q2. Question based on project
Interview Preparation Tips
Mansee Sharma
Selected
I appeared for an interview in Sep 2024.
(2 Questions)
- Q1. Tell me about yourself
- Q2. Technical questions
(1 Question)
- Q1. Basic accounting
Selected
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
It was amazing round
(2 Questions)
- Q1. Accounting rules
- 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...
Verbal Reasoning, numerical Reasoning, logical reasoning.
(1 Question)
- Q1. About the role ,company
Interview Preparation Tips
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...
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BDO RISE Private Limited Interview FAQs
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BDO RISE Private Limited Reviews and Ratings
based on 326 reviews
Rating in categories
Hyderabad / Secunderabad,
Bangalore / Bengaluru
+17-9 Yrs
₹ 23-31 LPA
Hyderabad / Secunderabad,
Ahmedabad
+13-8 Yrs
Not Disclosed
|
Assistant Manager
206
salaries
|  ₹15 L/yr - ₹25 L/yr |
|
Associate
199
salaries
| ₹6.2 L/yr - ₹13.2 L/yr |
|
Senior Associate
193
salaries
| ₹10.1 L/yr - ₹17.9 L/yr |
|
Audit Associate
183
salaries
| ₹3.8 L/yr - ₹8.5 L/yr |
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Tax Associate
114
salaries
| ₹3.8 L/yr - ₹7 L/yr |
EY Global Delivery Services ( EY GDS)
BDO India LLP
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Grant Thornton Bharat
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