Ernst & Young
Double HR Consultancy Interview Questions and Answers
Q1. In what case there will be breach of contract for company?
A breach of contract for a company occurs when one party fails to fulfill their obligations as outlined in the contract.
Failure to deliver goods or services as agreed
Non-payment or late payment for goods or services
Violation of terms and conditions specified in the contract
Failure to meet quality standards
Failure to meet deadlines or deliverables
Misrepresentation or fraud
Unauthorized disclosure of confidential information
Failure to provide necessary support or assistance
Viola...read more
Q2. IFRS standards on the technical side
IFRS standards are a set of accounting rules that companies must follow to report financial information accurately.
IFRS stands for International Financial Reporting Standards
IFRS is used by companies in over 100 countries
IFRS provides a common language for financial reporting
IFRS covers topics such as revenue recognition, leases, and financial instruments
IFRS is constantly evolving and being updated to reflect changes in the business world
Q3. Key factors to consider during IT separation
Key factors to consider during IT separation
Identify critical systems and data
Develop a plan for data migration and system decommissioning
Ensure compliance with legal and regulatory requirements
Communicate effectively with stakeholders
Manage risks and ensure business continuity
Q4. What is the expectation
The expectation for an Assistant Manager is to assist the manager in achieving the goals of the organization.
Assist the manager in day-to-day operations
Ensure smooth functioning of the team
Maintain good communication with team members and higher-ups
Help in achieving organizational goals
Provide support to team members when needed
Q5. Main components of contract
The main components of a contract include offer, acceptance, consideration, legality, capacity, and intention.
Offer: One party makes a proposal to another party.
Acceptance: The other party agrees to the terms of the offer.
Consideration: Both parties exchange something of value.
Legality: The contract must be legal and not against public policy.
Capacity: Both parties must have the legal capacity to enter into a contract.
Intention: Both parties must intend to create a legally bi...read more
Q6. Tool I use for presentation
I use Microsoft PowerPoint for presentations.
Microsoft PowerPoint is a widely used tool for creating and delivering presentations.
It offers a variety of features such as slide templates, animations, and multimedia integration.
PowerPoint allows for easy organization and customization of content.
It supports the creation of visually appealing and professional-looking presentations.
Examples of PowerPoint presentations include sales pitches, training sessions, and conference talks...read more
Q7. Ind AS 116 - Recognition criteria
Ind AS 116 sets out the principles for the recognition of leases by lessees and lessors.
Leases are recognized as assets and liabilities on the balance sheet
The lease term is the non-cancellable period for which the lessee has the right to use the underlying asset
The lease payments are apportioned between interest expense and reduction of the lease liability
Initial direct costs incurred by the lessee are added to the amount recognized as an asset
Examples: office space lease, e...read more
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