BT Business Interview Questions, Process, and Tips

Accounting questions related to derrral concept and around cash flows and working capital

Q1. Difference between provision and accrual
Ans. 
Provision is an estimated liability while accrual is a recognized expense.
• Provision is an estimated liability that is recognized when there is uncertainty about the amount or timing of a future expense.

• Accrual is a recognized expense that is recorded when it is incurred, regardless of when the payment is made.

• Provisions are made for potential future expenses, such as legal claims or warranty obligations.

• Accruals are ma...read more
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Q2. What is a lease(IFRS 16)
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A lease is a contract between a lessor and a lessee, where the lessee pays the lessor for the use of an asset.
• IFRS 16 is a new accounting standard that requires companies to recognize most leases on their balance sheets

• Leases can be classified as finance leases or operating leases

• Finance leases are treated like asset purchases and the lessee records the leased asset as an asset and the lease obligation as a liability

• Op...read more
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Q3. Difference between deferred revenue and unearned income
Ans. 
Deferred revenue and unearned income are terms used interchangeably to describe the same concept.
• Deferred revenue and unearned income refer to revenue received in advance for goods or services that have not yet been delivered or provided.

• Both terms represent a liability on the company's balance sheet until the revenue is recognized.

• Deferred revenue is commonly used in the software industry, where customers pay upfront ...read more
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Q1. Questions around deferred revenue
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Q2. How to forecast revenue of a new product?
Ans. 
Forecasting revenue of a new product requires market research, analysis of competition, and estimation of demand.
• Conduct market research to identify potential customers and their needs

• Analyze competition to understand their pricing, marketing, and sales strategies

• Estimate demand based on market size, target audience, and pricing

• Consider external factors such as economic conditions and industry trends

• Use financial model...read more
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Q1. Please confirm me a job
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Village Sanota, Narela, Delhi, 40
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Q2. Please read confirm
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Please confirmation in Hindi
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Q1. Please help me please talk to me. Urgent.
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please help me please talk to me. urgent.call me
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Q2. You job may need
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Q1. Please confirm me a job
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Q2. Kab tak ho Paigah
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Q1. Please show me come from
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Q2. Please come for me job date
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Q1. Technical or role related
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Q1. Reason for leaving
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Seeking new challenges and growth opportunities
• Desire for career advancement

• Looking for a new challenge

• Seeking growth opportunities

• Company restructuring or downsizing

• Relocation for personal reasons
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Q2. What's my expectations
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Q1. Salary negotiation
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Q1. Question related to AR invoice booking
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Q2. Question on Budget and Forecasting
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Q1. Journal Entries
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