Ernst & Young Assistant Manager Interview Questions, Process, and Tips

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

IT mergers and acquisitions involve the consolidation of technology companies through various means.

• Mergers involve two companies combining to form a new entity

• Acquisitions involve one company purchasing another

• IT mergers and acquisitions can lead to increased market share and cost savings

• Examples include Dell's acquisition of EMC and Microsoft's acquisition of LinkedIn

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