Befree Business Resourceing External Auditor Interview Questions and Answers

Q1. Tell me about your prior company experience
Ans. Since I had 5+ yrs of experience in audit, it was easy for me to take through the interviewer across.
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Q2. Why do you want a job change
Ans. To get experience in different domain and BDO rise is once such new organisation to provide a good platform.
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Basics Questions About Financial knowledge and reasoning.

Q1. Tell me About Yourself. Previous Experiences.
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Q2. Define Contingent Liability.
Ans. 
Contingent Liability is a potential obligation that may arise from past events and whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events.
• It is a liability that is not yet certain but may become certain in the future

• It arises from past events

• It depends on the occurrence or non-occurrence of one or more uncertain future events

• Examples include pending lawsuits, warran
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Q1. Describe about Yourself.
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Q2. Why do you want to join BDO?
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Q3. Why You? and describe previous Experiences
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Q4. How do you Contribute to BDO?
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Q1. Assertions audit, ind as 115
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Q2. Self description , previous org
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Q1. Introduce yourself
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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?
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...read more
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Q1. Explain about ASC 842
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Q2. Explain ASC 606 five steps
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Q1. Why you want to join
Ans. 
I am passionate about the industry and believe I can contribute positively to the team.
• Passionate about the industry and eager to learn and grow

• Believe my skills and experience align well with the company's goals

• Excited about the opportunity to work with a talented team and make a meaningful impact
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Q2. How you would be beneficial
Ans. 
I would be beneficial by bringing a strong work ethic, excellent communication skills, and a proven track record of success.
• Strong work ethic - consistently meeting deadlines and exceeding expectations

• Excellent communication skills - ability to effectively communicate with team members and clients

• Proven track record of success - previous achievements and positive feedback from supervisors
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Q1. They ask questions on basic accounting, prepaid & provision entries.
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Q2. Excel - v lookup h lookup pivot table
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Q3. Tell me aboutyourself
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