i
Deloitte
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
Filter interviews by
I applied via Campus Placement and was interviewed before Dec 2023. There were 3 interview rounds.
It was general aptitude question similar to CAT but easier.
The topic was convenient and not difficult jargon.
I applied via Referral and was interviewed before Aug 2023. There were 2 interview rounds.
I applied via Campus Placement and was interviewed in Oct 2020. There were 4 interview rounds.
Audit is a systematic and independent examination of financial statements, records, operations, and performance of an organization.
Audit is a process of evaluating an organization's financial and operational activities.
It involves examining financial statements, records, and transactions to ensure accuracy and compliance with laws and regulations.
Auditors provide an independent opinion on the fairness and reliability o...
Bank Reconciliation Statement is a document that matches the bank balance with the company's balance.
It is used to identify any discrepancies between the two balances.
It includes items such as outstanding checks, deposits in transit, and bank fees.
A practical example would be comparing the company's records of deposits and withdrawals with the bank statement to ensure accuracy.
Any differences found are then investigate...
When an asset increases, it must be debited.
Debit increases assets and credit decreases assets.
Assets include cash, accounts receivable, inventory, property, and equipment.
For example, if a company purchases a new machine, the asset account for machinery will be debited to increase it.
This is based on the accounting equation: Assets = Liabilities + Equity.
Equity decreases must be debited.
Equity is a credit balance account, so when it decreases, it must be debited to reduce the credit balance.
Debiting equity reduces the owner's or shareholder's equity in the business.
Examples of equity decreasing transactions include paying dividends, recording losses, or issuing treasury stock.
Operating expenses are costs incurred in running a business, while COGS are expenses directly related to producing goods or services.
Operating expenses include salaries, rent, utilities, and marketing expenses.
COGS include the cost of raw materials, labor, and manufacturing overhead.
Operating expenses are recorded on the income statement, while COGS is deducted from revenue to calculate gross profit.
Operating expenses ...
Petty cash book is used for small cash transactions while cash book is used for all cash transactions.
Petty cash book is used for small cash transactions like buying office supplies or paying for small expenses.
Cash book is used for all cash transactions including receipts and payments.
Petty cash book is maintained by a petty cashier while cash book is maintained by the main cashier.
Petty cash book is usually a single ...
What people are saying about Deloitte
I applied via Company Website and was interviewed before Sep 2021. There were 2 interview rounds.
Deloitte interview questions for designations
Financials refer to the financial statements of a company that provide information about its financial performance.
Financials include the income statement, balance sheet, and cash flow statement.
They provide information about a company's revenue, expenses, assets, liabilities, and cash flow.
Financials are used by investors, analysts, and other stakeholders to evaluate a company's financial health and performance.
Exampl...
I applied via Approached by Company and was interviewed in Mar 2023. There were 2 interview rounds.
I applied via Referral and was interviewed in Jul 2021. There were 3 interview rounds.
Audit is a systematic examination of financial records, statements, and transactions to ensure accuracy and compliance with laws and regulations.
Audit is conducted to provide assurance to stakeholders that financial statements are accurate and reliable.
The objectives of an audit include evaluating internal controls, detecting fraud, and ensuring compliance with laws and regulations.
Auditors use various techniques such ...
Reasonable assurance is a level of assurance that is achievable and practical, but not absolute.
Reasonable assurance is a concept used in auditing to describe the level of assurance provided by an audit.
It is a level of assurance that is achievable and practical, but not absolute.
It is based on the auditor's professional judgment and the nature and scope of the audit procedures performed.
The level of assurance provided...
Limited review is a review of financial statements, less in scope than a full audit. Statutory audit is a comprehensive audit of financial statements.
Limited review is a less extensive review of financial statements than a full audit.
It provides a moderate level of assurance on the financial statements.
Statutory audit is a comprehensive audit of financial statements that provides a high level of assurance.
Statutory aud...
Revenue audit focuses on verifying the accuracy of revenue transactions, while statutory audit is a legal requirement to ensure financial statements are accurate.
Revenue audit is conducted to ensure that revenue transactions are accurately recorded and reported.
Statutory audit is a legal requirement to ensure that financial statements are accurate and comply with accounting standards and regulations.
Revenue audit focus...
To audit cash flow statement, check accuracy of cash inflows and outflows, reconcile with bank statements, and verify classification.
Verify accuracy of cash inflows and outflows
Reconcile cash balance with bank statements
Check classification of cash flows
Ensure compliance with accounting standards
Review supporting documents and transactions
Perform analytical procedures to identify unusual trends or transactions
Obtain ma...
I applied via Campus Placement and was interviewed in Aug 2021. There were 4 interview rounds.
I applied via Walk-in and was interviewed before Apr 2023. There were 2 interview rounds.
based on 3 interviews
Interview experience
based on 19 reviews
Rating in categories
Consultant
33.4k
salaries
| ₹0 L/yr - ₹0 L/yr |
Senior Consultant
21k
salaries
| ₹0 L/yr - ₹0 L/yr |
Analyst
14.3k
salaries
| ₹0 L/yr - ₹0 L/yr |
Assistant Manager
10.1k
salaries
| ₹0 L/yr - ₹0 L/yr |
Manager
7.1k
salaries
| ₹0 L/yr - ₹0 L/yr |
Accenture
PwC
Ernst & Young
Cognizant