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Deloitte General Ledger Accountant Interview Questions, Process, and Tips
Deloitte General Ledger Accountant Interview Experiences
1 interview found
I applied via Naukri.com and was interviewed in Jul 2022. There were 2 interview rounds.
(6 Questions)
- Q1. Journal entries for rent, prepaid rent and outstanding rent.
- Q2. Difference between depreciation and amortisation.
- Ans.
Depreciation is the decrease in value of tangible assets over time, while amortisation is the decrease in value of intangible assets over time.
Depreciation applies to tangible assets like buildings, machinery, and vehicles.
Amortisation applies to intangible assets like patents, copyrights, and trademarks.
Depreciation is calculated based on the useful life of the asset.
Amortisation is calculated based on the estimated u...
- Q3. What is prudence concept?
- Ans.
Prudence concept is an accounting principle that requires caution and conservatism in financial reporting.
It suggests that a company should not overstate its assets or income and should not understate its liabilities or expenses.
It is also known as conservatism principle.
It helps in avoiding over-optimism and overstatement of financial position.
For example, if a company has a doubtful debt, it should be recorded as an ...
- Q4. What is accrual concept?
- Ans.
Accrual concept is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.
Accrual concept is based on the matching principle, which means that expenses should be matched with the revenues they helped generate.
Under accrual accounting, revenue is recognized when it is earned, even if payment has not been received yet.
Similarly, expenses a...
- Q5. Explain matching concept.
- Ans.
Matching concept is an accounting principle that requires expenses to be recognized in the same period as the related revenues.
Expenses should be matched with the revenues they helped generate
It ensures accurate financial reporting
It helps in determining the profitability of a business
For example, if a company sells a product in January, the cost of producing that product should be recognized as an expense in January a
- Q6. What formulas and functions have you used at your previous organisation in excel?
(2 Questions)
- Q1. Is hybrid work model ok for you?
- Ans.
Yes, I am comfortable with the hybrid work model.
I have experience working remotely and in-office
I am adaptable and can manage my time effectively
I am comfortable with using technology to communicate with team members
I understand the importance of maintaining a work-life balance
- Q2. Why did you leave your previous organisation?
Interview Preparation Tips
- Basic accounts
- Excel
The HR offered with a 40% hike from my previous CTC, I asked my qualifications and experience has changed from the previous organisation, so I need to get paid more. They checked and offered a package similar to what I had demanded.
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john sudhakar
(2 Questions)
- Q1. What is Tds and how explain one sections
- Ans.
TDS stands for Tax Deducted at Source. It is a tax collection method where a certain percentage of tax is deducted by the payer at the time of making payment to the payee.
TDS is deducted by the payer and deposited with the government on behalf of the payee.
It is applicable to various payments like salary, interest, commission, rent, etc.
One section of TDS is Section 194C which deals with TDS on payments to contractors ...
- Q2. Tds is tax deduction source 94c comes under tds for contract
Raj Tufail
(2 Questions)
- Q1. What are the technical questions in an interview
- Ans. Technical questions are questions that are designed to assess your specific knowledge and skills related to technical aspects of a job
- Q2. These can include questions about programming languages, software tools,
Selected
I was interviewed in Jul 2024.
(2 Questions)
- Q1. Tell me your self
- Ans.
I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.
I have a Bachelor's degree in Accounting from XYZ University.
I am proficient in using accounting software such as QuickBooks and SAP.
I have experience preparing monthly financial statements and analyzing variances.
I am skilled in budgeting and forecasting.
I have excellent communication and interpersonal skills.
- Q2. What is currently CTC
- Ans.
Current CTC refers to the total salary package of an employee including all benefits and allowances.
CTC includes salary, bonuses, benefits, and allowances
It does not include deductions like taxes or insurance premiums
Example: An employee's CTC is $60,000 per year
Selected
I applied via Job Portal and was interviewed in Jan 2024. There were 2 interview rounds.
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I applied via Company Website and was interviewed in May 2023. There were 3 interview rounds.
(1 Question)
- Q1. INCOME TAX , GST
(1 Question)
- Q1. TDS, STATUTORY AUDIT
Financial Accountant Interview Questions & Answers
McKinsey & Company
Anonymous
posted on 14 May 2022
I applied via Naukri.com and was interviewed in Apr 2022. There were 2 interview rounds.
Not yet discussed still one round
Interview Preparation Tips
- Financial Accounting
I applied via Naukri.com and was interviewed before Jun 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Bank Reconciliations, Journal entries etc
Interview Preparation Tips
Lipun Swain
(1 Question)
- Q1. Tally, brs, journal entry
Richa Bhartiya
(2 Questions)
- Q1. Tell me abour your self
- Q2. Eexperience and background
(2 Questions)
- Q1. Why should we hire you
- Q2. What are your areas of expertise
(3 Questions)
- Q1. Depreciation calculation
- Q2. Other work and experience related
- Q3. Tds rates, nature of revenues
- Ans.
TDS rates vary based on the nature of revenues, such as salary, interest, rent, etc.
TDS rates are determined by the government and vary depending on the type of income
For example, TDS on salary income is deducted at different rates compared to TDS on interest income
Nature of revenues can include salary, interest, rent, commission, etc.
It is important for an Executive Accountant to be familiar with the different TDS rat
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