CMAA ADVISORS Interview Questions and Answers

A technical interview that evaluates a candidate's programming abilities.

Evaluate a candidate's skills and abilities in areas such as logical reasoning, problem-solving, and verbal communication.

Q1. What programming languages are you proficient in?
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Q2. What is your area of expertise?
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Q3. Artificial intelligence
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Current affairs, business matters, and abstract subjects.

Q1. Can you provide a brief overview of your background and experience
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Q2. What are your strengths and weaknesses?
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Q1. Introduction, audit, give me a one liner on audit
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Q2. Land tax rate , various journal like journal for depreciation
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Q3. Prepaid expenses comes in where
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Q4. What is p/l and b/s
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P/L stands for profit and loss, which shows the financial performance of a company over a specific period. B/S stands for balance sheet, which provides a snapshot of a company's financial position at a specific point in time.
• P/L (Profit and Loss) shows the revenue, expenses, and profits or losses of a company over a specific period.

• B/S (Balance Sheet) shows the assets, liabilities, and equity of a company at a specific...read more
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Q5. This question is not asked but it may in future - accured, deferred, amortization
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Q1. Basic Tell me about your self
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Experienced Senior Accountant with a strong background in financial analysis and reporting.
• Over 8 years of experience in accounting and finance

• Proficient in financial statement preparation and analysis

• Skilled in budgeting, forecasting, and variance analysis

• Strong knowledge of GAAP and financial regulations

• Previous experience in leading a team of accountants
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Q1. Questions were asked about Technical accounting
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Q2. Your responsibilities at current roles
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In my current role, I am responsible for preparing financial statements, analyzing financial data, managing budgets, and ensuring compliance with accounting regulations.
• Preparing financial statements

• Analyzing financial data

• Managing budgets

• Ensuring compliance with accounting regulations
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Q1. This was cancelled without any explanation
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Q1. Can you provide details about yourself and your experience with field work?
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Q2. What is your previous experience in the development sector?
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Q1. How would you describe your fieldwork experience, particularly in terms of identifying issues with Self-Help Groups (SHGs) during your village fieldwork segment?
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Round 1 was a technical assignment which includes aptitude test, accounting test and excel test

Q1. Basic details like tell me about yourself
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Q2. About your family and future goals.
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Q1. About financial statements
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Q2. Financial ratios
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Q3. Mutual fund vs hedge fund
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Mutual funds are managed by professionals who invest pooled funds in a diversified portfolio of securities, while hedge funds are more actively managed and use a variety of strategies to achieve high returns.
• Mutual funds are regulated by the SEC and have restrictions on trading practices, while hedge funds have more flexibility and are only available to accredited investors.

• Mutual funds are typically more suitable for ...read more
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Q4. Type of bonds and shares. And corporate actions.
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Bonds and shares are types of securities issued by companies to raise capital. Corporate actions refer to events that impact shareholders.
• Types of bonds include government bonds, corporate bonds, and municipal bonds.

• Types of shares include common shares and preferred shares.

• Corporate actions include dividends, stock splits, mergers, acquisitions, and rights issues.
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Q1. About skills and job profile
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Q1. Ask T Code of SAP
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Q2. Tally, Enteries, GST, TDS
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Q1. Senior se milwayenge
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Q1. Tisre senior se milayeng aur bhi log interview lenge
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Q1. What is Passive foreign Investment company
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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
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Q2. What is Form 5471
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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 ...read more
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Q3. Questions on Form 1040
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Q1. Questions on form 1040
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Q2. Questions on what type of structure in tax would I select to work in BDO
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Q1. Questions on form 1040 & everything was covered
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Q2. Questions on Form 5471
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Q3. Questions on form 962
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Be sure what you write

Q1. Tell me about yourself
Ans. 
I am a tax consultant with 5 years of experience helping clients navigate complex tax laws and maximize their deductions.
• I have a Bachelor's degree in Accounting from XYZ University.

• I am proficient in tax preparation software such as TurboTax and QuickBooks.

• I have successfully helped clients save thousands of dollars by identifying overlooked deductions.

• I stay up-to-date on the latest tax laws and regulations to provid
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Q2. Why do you want to work in this company
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I am drawn to your company's reputation for providing top-notch tax consulting services and opportunities for professional growth.
• Impressed by the company's track record of successful tax consulting projects

• Excited about the potential for career advancement and skill development

• Interested in working with a team of experienced professionals in the field
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Q1. IS Codes for Bill certification.
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Q1. Salary negotiation
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