CNK & Associates Team Manager Interview Questions and Answers

Q1. Mostly related to accounting standards such as IFRS 15, 9 and 16.
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Q2. Explain the five step model of IFRS 15?
Ans. 
The five step model of IFRS 15 is a framework for recognizing revenue from contracts with customers.
• Step 1: Identify the contract with the customer

• Step 2: Identify the performance obligations in the contract

• Step 3: Determine the transaction price

• Step 4: Allocate the transaction price to the performance obligations

• Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation
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It was an aptitude test with basic SQL and Python based questions

It was an SQL round with questions from Hackerrank (Medium Complexity)

It was a Whiteboarding Interview with Partner on Pyspark and Pandas

Q1. Ways to fill a null value in SQL
Ans. 
Use COALESCE function, UPDATE statement, or CASE statement to fill null values in SQL.
• Use COALESCE function to replace null values with a specified default value

• Use UPDATE statement to update null values with a specific value

• Use CASE statement to conditionally fill null values based on certain criteria
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Q2. Window functions
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Q1. Professional growth
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Analytical and writing test need to take lots of practice test in order to do well

Q1. Walk me through cv with details
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Q2. She asks personal questions and salary
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Q3. Also be ready for expected salary
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Q1. Ai use case in fp&a
Ans. 
AI in FP&A can be used for predictive analytics, forecasting, and scenario planning.
• AI can analyze historical financial data to predict future trends and outcomes.

• AI algorithms can be used to forecast sales, expenses, and cash flow with greater accuracy.

• AI can help in scenario planning by simulating different financial scenarios and their potential impact.

• AI can automate repetitive tasks like data entry, freeing up tim
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Q1. L1-5 FP&a process
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Q1. Basic technical questions
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Q1. Purely technical
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Q1. With Executive Director
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Quantative analysis questions were asked

Q1. IFRS 15 steps required for revenue assessment
Ans. 
IFRS 15 outlines five steps for revenue recognition
• Identify the contract with the customer

• Identify the performance obligations in the contract

• Determine the transaction price

• Allocate the transaction price to the performance obligations

• Recognize revenue when (or as) the entity satisfies a performance obligation
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Q2. IFRS 16 assessment for leases
Ans. 
IFRS 16 assessment for leases
• IFRS 16 is a new accounting standard for leases

• It requires lessees to recognize all leases on their balance sheet

• Lessees must assess whether a contract contains a lease

• IFRS 16 impacts financial statements and key performance indicators

• Companies must ensure compliance with the new standard
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