Deloitte Interview Questions, Process, and Tips

Q1. What is the definition of tosca
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Q2. Tosca errors and define them
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Q1. What is the SDLC?
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SDLC stands for Software Development Life Cycle, which is a process used by software development teams to design, develop, and test high-quality software.
• SDLC is a structured process that consists of several phases such as planning, analysis, design, implementation, testing, and maintenance.

• Each phase of the SDLC has its own set of activities and deliverables that contribute to the overall success of the software proje...read more
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Q2. What is client requirements ?
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Client requirements are specific needs or expectations that a client has for a product or service.
• Client requirements are the criteria that a client sets for a project or deliverable.

• They can include features, functionalities, deadlines, budget constraints, and any other specifications.

• Understanding and meeting client requirements is crucial for project success and client satisfaction.

• Examples of client requirements co...read more
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Q1. What is materiality
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Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
• Materiality helps auditors decide what information to focus on during an audit

• It is based on the principle that only items that are significant enough to influence decisions should be included in financial statements

• Factors influencing materiality include size, nature, and context of the item...read more
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Q2. What are assertions
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Assertions are claims or statements made by management regarding the financial statements.
• Assertions are used to ensure the accuracy and completeness of financial information.

• There are different types of assertions such as existence, completeness, valuation, rights and obligations, etc.

• For example, an assertion of existence would state that all reported assets actually exist.

• Auditors test these assertions during the au...read more
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Q1. Phases of audit
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Phases of audit include planning, fieldwork, reporting, and follow-up.
• Planning phase involves understanding the client's business and risks, setting objectives, and developing an audit plan.

• Fieldwork phase includes testing controls, gathering evidence, and performing substantive procedures.

• Reporting phase involves communicating findings, opinions, and recommendations to management.

• Follow-up phase includes monitoring th...read more
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Q2. How to audit accounts receivable
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Auditing accounts receivable involves verifying the accuracy and completeness of the amounts owed to a company.
• Confirming the existence of accounts receivable by sending confirmations to customers

• Reviewing the aging schedule to identify any overdue accounts

• Testing the allowance for doubtful accounts to ensure it is adequate

• Reconciling accounts receivable balances to the general ledger

• Analyzing sales transactions to ens
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Aptitude was basic and technical

Easy and gk topic question was work from home vs on-site

Q1. Easy basic accounting questions anyone can answer
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Q2. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• For example, when cash is received, it is debited because it is an asset that has increased. When cash is paid out, it is credited because ...read more
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Q3. FSLI line items
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Q4. Balance sheet iteams
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Q5. P and L items basic
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Q1. Golden rule of accounting
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Q2. What is Balance sheet
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