Ernst & Young Advanced Associate Interview Questions, Process, and Tips

Q1. Tell me about yourself
Ans. 
I am a dedicated and experienced professional with a strong background in project management and team leadership.
• Over 8 years of experience in project management

• Skilled in leading cross-functional teams to successful project completion

• Proven track record of delivering projects on time and within budget

• Strong communication and interpersonal skills

• Certified Project Management Professional (PMP)
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Q2. What is Provision and Reserve
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Provision and reserve are accounting terms used to set aside funds for future expenses or losses.
• Provision is an amount set aside to cover a known liability or potential loss, based on estimates.

• Reserve is an amount set aside to cover unknown future expenses or losses.

• Provisions are usually based on specific events or conditions, while reserves are more general.

• Examples include provision for bad debts, provision for wa
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Q3. What do you mean by Going Concern Concept
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Q4. What is Bank Reconciliation Statement
Ans. 
Bank Reconciliation Statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q5. How do you Segregate Cash Flow Statement
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Segregating cash flow statement involves categorizing cash inflows and outflows into operating, investing, and financing activities.
• Operating activities include cash received from sales, payments to suppliers, and salaries paid to employees.

• Investing activities involve cash flows related to the purchase or sale of assets like property, equipment, or investments.

• Financing activities include cash received from issuing st...read more
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Q1. Questions regarding Microsoft Excel were the main ones I faced in a 30 minutes long interview. Had questions about the basics of excel like the function formulas.
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Q1. This was mainly regarding my previous job and the activities I had carried out.
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Q1. Brief about yourself
Ans. 
I am a dedicated and experienced professional with a strong background in project management and team leadership.
• Over 5 years of experience in project management

• Proven track record of successfully leading cross-functional teams

• Strong communication and problem-solving skills

• Proficient in using project management tools such as Asana and Trello
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Q1. Excel questions. Situational questions
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Q1. What do you know about Sustainability? Do you know any specific standard? What is the difference between standard, framework and principles? What is COP and what's India part in it?
Ans. 
Sustainability refers to the practice of meeting present needs without compromising the ability of future generations to meet their own needs.
• Sustainability involves balancing economic, social, and environmental factors.

• It aims to minimize negative impacts on the environment and society.

• Sustainability standards provide guidelines for organizations to follow in order to achieve sustainable practices.

• Examples of sustaina...read more
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Q1. Timings and work schedule discussion
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Q2. Offerings in the organization
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Q3. Negotiation and what's in it for me
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Accounting, quantative aptitude, Varc, Excel

Q1. Automatic Video interview
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Q1. General hr questions
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Q1. Technical interview Excel and accounts
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