Deloitte Tax Analyst Interview Questions, Process, and Tips

English grammar ,rewrite,rephrase,correction of sentences

Q1. Journal entries,three golden rules
Add your answer
Q2. Accrual, prepayment,tax concepts
Add your answer

Q1. About tech finalization
Add your answer

A way for employers to assess a candidate's abilities through a variety of different testing formats.

Q1. Tell me about yourself
Add your answer
Q2. What is your understanding of the role of tax analyst
Ans. 
Tax analysts are responsible for analyzing tax regulations, preparing tax returns, and providing tax advice to clients.
• Analyzing tax regulations to ensure compliance with laws

• Preparing accurate and timely tax returns for individuals or businesses

• Providing tax advice to clients on tax planning strategies

• Assisting with tax audits and resolving tax-related issues

• Staying updated on changes in tax laws and regulations
Answered by AI
Add your answer

Q1. They asked regarding journal entries and accounting principles
Add your answer

Q1. What are the pre-requisites of Revenue recognition?
Ans. 
Pre-requisites of revenue recognition include identifying the contract, determining the transaction price, and assessing collectability.
• Identifying the contract with the customer

• Determining the transaction price

• Assessing collectability

• Identifying performance obligations

• Allocating the transaction price to performance obligations

• Recognizing revenue when performance obligations are satisfied

• Disclosing revenue and related
Answered by AI
Add your answer
Q2. What is a Fixed asset Register?
Ans. 
A Fixed Asset Register is a record of a company's tangible assets such as property, plant, and equipment.
• It helps in tracking the location, value, and depreciation of fixed assets.

• It is used for financial reporting, tax purposes, and insurance claims.

• Examples of fixed assets include buildings, machinery, vehicles, and furniture.

• The register should be regularly updated to reflect any changes in the status of fixed asset
Answered by AI
Add your answer
Q3. Why is Budget so important for any organization?
Ans. 
Budget is important for any organization as it helps in planning, controlling and allocating resources effectively.
• Helps in setting financial goals and objectives

• Provides a framework for decision making

• Helps in identifying potential financial problems

• Assists in allocating resources effectively

• Enables effective monitoring and control of financial performance
Answered by AI
Add your answer