Desai Associates Interview Questions and Answers

Q1. What is your expected CTC?
Ans. 
My expected CTC is based on industry standards, my experience, and the value I can bring to the company.
• My expected CTC is in line with industry standards for a Software Developer with my level of experience.

• I have researched the average salary range for Software Developers in this location and have taken that into consideration.

• I am also considering the value I can bring to the company and how my skills and experience...read more
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Q2. Can you join immediately?
Ans. 
Yes, I can join immediately.
• I am available to start right away.

• I have no prior commitments that would prevent me from starting immediately.

• I am excited about the opportunity and ready to hit the ground running.
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A coding test was asked to be done by sharing the screen on Teams.

Q1. What are your hobbies?
Ans. 
My hobbies include coding personal projects, playing video games, and hiking in nature.
• Coding personal projects

• Playing video games

• Hiking in nature
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Q2. Do you have experience in B2B?
Ans. 
Yes, I have experience in B2B.
• I have worked on developing software solutions for B2B companies.

• I have experience in integrating B2B systems with third-party APIs.

• I have collaborated with B2B clients to understand their specific needs and requirements.
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Q3. How many years of experience do you have??
Ans. 
I have 5 years of experience working as a Software Developer.
• 5 years of experience in software development

• Proficient in programming languages such as Java, Python, and JavaScript

• Experience with database management systems like MySQL and MongoDB

• Worked on various projects including web development and mobile app development
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Q4. Do you have any experience with Python, Java, or MongoDB?
Ans. 
Yes, I have experience with Python, Java, and MongoDB.
• I have extensive experience with Python, including developing web applications, data analysis, and automation scripts.

• I have worked on Java projects, including building desktop applications and backend services.

• I have used MongoDB for storing and querying data in various projects.
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Q1. Walk me through a DCF
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Q2. What is FCFF and FCFE?
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Q3. Why do we use mid-period convention?
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Q4. How is terminal value calculated?
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Q5. Why do we use DLOM and DLOC? How do we determine them?
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Q6. When do we use DCF? How do you select comparable companies when using Market Approach?
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Q1. What sort of valuation engagements have you worked on?
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Q2. Why do we normalize and/or adjust EBITDA?
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Q3. What is CCF? When do we use CCF over DCF?
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Q4. Why do we use DLOM and DLOC? How do we determine them?
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Q5. What are the factors you would consider while valuing small businesses?
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Q1. Tell me about yourself?
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Q2. Why Withum and where did you hear about the firm?
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Q3. Why are you planning to switch?
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Q4. What are your expectations with the role?
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Q1. How do we test for completeness of asset
Ans. 
Completeness of assets can be tested by reconciling physical assets with recorded assets, conducting inventory counts, and reviewing documentation.
• Reconcile physical assets with recorded assets to ensure all assets are accounted for

• Conduct regular inventory counts to verify the presence of all assets

• Review documentation such as purchase orders, invoices, and receipts to confirm the acquisition of assets

• Perform random s
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Q1. Personal questions
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Aptitude test has been conducted

Q1. Technical questions was asked
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Q1. Tell me about yourself Caro 20 amendment Schedule 3 amendment
Ans. 
I am a dedicated and experienced consultant with a strong background in project management and problem-solving skills.
• Briefly mention your professional background and experience

• Highlight key skills and strengths relevant to consulting

• Mention any specific achievements or projects that showcase your abilities

• Discuss your passion for helping clients achieve their goals
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Q1. Intro Few question
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Q1. General experience questions & basics of the field
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Q2. Question related to field work
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Question solving questions

Q1. Explain P2P Process in Accounts
Ans. 
P2P process in accounts refers to the procure-to-pay process, which involves purchasing goods or services and paying for them.
• P2P process starts with the requisition of goods or services needed by a company.

• Once approved, a purchase order is created and sent to the supplier.

• Goods or services are received and an invoice is generated by the supplier.

• The invoice is matched with the purchase order and goods receipt, and th...read more
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Q2. Deferred Revene and Expenditure
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Q3. Entries for Sales and Receivables
Ans. 
Entries for Sales and Receivables involve recording sales transactions and tracking amounts owed by customers.
• Record sales revenue when goods or services are delivered to customers

• Track accounts receivable to monitor amounts owed by customers

• Reconcile sales and receivables to ensure accuracy of financial records
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Q4. Whats is the Payroll Entries you pass at the endof the month
Ans. 
Payroll entries include recording salaries, wages, taxes, and benefits for employees.
• Recording gross wages for employees

• Deducting taxes such as income tax and social security

• Adding employer contributions to benefits like healthcare or retirement plans

• Accruing vacation or sick leave balances

• Adjusting for any bonuses or commissions earned
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Q5. What is the entry for purchase from Vendor before receipt of bill from them
Ans. 
The entry for purchase from Vendor before receipt of bill is a debit to Inventory and a credit to Accounts Payable.
• Debit Inventory account for the cost of the purchase

• Credit Accounts Payable to show the amount owed to the vendor

• Once the bill is received, adjust the entry accordingly
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Q1. Why Carrer switch
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Q1. How we do audit of revenue
Ans. 
Auditing revenue involves examining financial records, verifying transactions, and ensuring compliance with accounting standards.
• Reviewing sales invoices, receipts, and contracts to ensure accuracy and completeness

• Comparing recorded revenue with supporting documentation to identify discrepancies

• Testing the effectiveness of internal controls and procedures for revenue recognition

• Analyzing revenue trends and patterns to ...read more
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Q2. What do you mean by KAM's
Ans. Give complete details of SA 701
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