10+ Koshy and Associates Chartered Accountants Interview Questions and Answers

To manage loss of production with costing, one must identify the root cause and implement measures to reduce it.

• Identify the root cause of the loss of production

• Analyze the cost of the loss of production

• Implement measures to reduce the loss of production

• Monitor the effectiveness of the measures implemented

• Continuously improve the measures to reduce the loss of production

Yes

• During a market work, faced a tough situation when a competitor launched a new product with aggressive pricing.

• Approached the situation by conducting a thorough analysis of the competitor's product and pricing strategy.

• Developed a counter-strategy by highlighting the unique selling points of our own product and offering additional value to customers.

• Implemented a targeted marketing campaign to communicate the advantages of our product and address any concerns raised by cus...read more

Cross contamination can be managed by implementing proper cleaning and sanitation procedures.

• Establishing a cleaning schedule for equipment and surfaces

• Using separate equipment for different products

• Wearing appropriate protective gear

• Training employees on proper sanitation procedures

• Regularly testing for contamination

• Implementing a HACCP plan

• Properly storing and labeling products

• Monitoring temperature and humidity levels

• Using air filtration systems

• Implementing a pest control ...read more

Improving process and production requires identifying bottlenecks, streamlining workflows, and optimizing resources.

• Conduct a thorough analysis of current processes and identify areas for improvement

• Implement lean manufacturing principles to eliminate waste and increase efficiency

• Invest in technology and automation to streamline workflows

• Train employees on best practices and provide ongoing support

• Regularly review and adjust processes to ensure continued improvement

FMCG experience involves understanding the process and formulation of fast-moving consumer goods.

• Understanding consumer needs and preferences

• Developing a product concept and formulation

• Testing and refining the product

• Packaging and branding

• Distribution and logistics

• Marketing and advertising

• Continuous improvement and innovation

To create and implement an SOP, follow these steps:

• Identify the process to be documented

• Gather information from stakeholders

• Draft the SOP

• Review and revise the SOP

• Train employees on the SOP

• Implement the SOP

• Monitor and evaluate the effectiveness of the SOP

Microprocessors are classified into four types based on their architecture and instruction set.

• The four types are: 8-bit, 16-bit, 32-bit, and 64-bit.

• 8-bit microprocessors are used in simple devices like calculators and remote controls.

• 16-bit microprocessors are used in gaming consoles and industrial control systems.

• 32-bit microprocessors are used in personal computers and smartphones.

• 64-bit microprocessors are used in high-performance computing and servers.

Yes, I am familiar with applying pivot and vlookup formulas on databases.

• Pivot formula is used to summarize and reorganize data in a table

• Vlookup formula is used to search for a value in a table and return a corresponding value

• Examples: =PIVOT(data_range, row_field, column_field, value_field), =VLOOKUP(lookup_value, table_array, col_index_num, range_lookup)

I have handled various trade programs in the past.

• Developed and executed trade promotions to increase sales and market share

• Managed trade marketing budgets and analyzed ROI

• Collaborated with sales teams to develop effective trade strategies

• Negotiated trade deals and partnerships with retailers and distributors

• Implemented trade marketing campaigns to drive product awareness and demand

• Monitored and evaluated the performance of trade programs

• Utilized data analysis to identify tre...read more

Clot on boiling test detects presence of fibrinogen while heat stability test evaluates heat resistance of proteins.

• Clot on boiling test involves heating a sample to detect presence of fibrinogen which forms a clot upon cooling

• Heat stability test evaluates the heat resistance of proteins by heating a sample at a specific temperature for a set time period

• Clot on boiling test is used in dairy industry to detect adulteration with added milk solids, while heat stability test is u...read more

To understand customer needs, promote products/services, build relationships, and achieve sales targets.

• To understand customer needs and preferences

• To promote products/services and increase brand awareness

• To build relationships with potential clients and maintain existing ones

• To achieve sales targets and contribute to company growth

ROI stands for Return on Investment and is a measure used to evaluate the efficiency or profitability of an investment.

• ROI is calculated by dividing the net profit of an investment by the initial cost of the investment, and then multiplying by 100 to get a percentage.

• Formula: ROI = (Net Profit / Cost of Investment) * 100

• For example, if you invest $1000 in a marketing campaign and generate $2000 in revenue, the ROI would be (($2000 - $1000) / $1000) * 100 = 100%.

Sales is the process of selling goods or services in exchange for money or other compensation.

• Sales involves identifying potential customers, presenting products or services to them, and closing deals.

• It requires building relationships with customers, understanding their needs, and providing solutions.

• Sales can be done through various channels such as direct selling, online sales, or through distributors.

• Successful salespeople are good at communication, negotiation, and probl...read more

Implemented RPA solutions for automating invoice processing and customer onboarding.

• Automated invoice processing by extracting data from emails and entering it into ERP system

• Streamlined customer onboarding process by automating data entry and verification

• Reduced manual errors and processing time by 50% in both case studies

RPA developers design, develop, and implement robotic process automation solutions to automate repetitive tasks.

• Designing RPA solutions to automate manual tasks

• Developing scripts and workflows for automation

• Implementing RPA tools like UiPath, Blue Prism, or Automation Anywhere

• Testing and debugging automation processes

• Collaborating with stakeholders to identify automation opportunities