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Ernst & Young
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The New Companies Act 2013 was introduced to modernize and improve corporate governance in India.
The Companies Act 1956 was outdated and needed to be replaced with a more comprehensive and contemporary legislation.
The new act aimed to align Indian corporate laws with international standards and best practices.
It introduced several new provisions to enhance transparency, accountability, and investor protection.
The Act i...
The Purchase Method and Pooling of Interests Method are two different accounting methods used for amalgamations.
Purchase Method involves recording the amalgamation as an acquisition, with the acquiring company recognizing the fair value of the assets and liabilities of the acquired company.
Pooling of Interests Method involves combining the financial statements of the merging companies as if they had always been a singl...
AS 4 and AS 5 are Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).
AS 4: Contingencies and Events Occurring After the Balance Sheet Date
AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
I applied via Walk-in and was interviewed in Nov 2024. There was 1 interview round.
TDS stands for Tax Deducted at Source, while TCS stands for Tax Collected at Source. Both are types of taxes collected by the government.
TDS is deducted by the payer at the time of making payment to the payee, while TCS is collected by the seller from the buyer at the time of sale of goods.
TDS is applicable on various types of income like salary, interest, commission, etc., while TCS is applicable on the sale of certai...
It was good and relevant
TDS rates vary for different services as per Income Tax Act.
TDS rate for professional fees is 10%
TDS rate for rent is 10% if the annual rent exceeds Rs. 1,80,000
TDS rate for commission or brokerage is 5%
I am a dedicated and hardworking individual with a passion for accounting and finance.
Graduate in Accounting from XYZ University
Completed internship at ABC Accounting Firm
Proficient in MS Excel and Tally software
Strong analytical and problem-solving skills
I rate my Excel skills as advanced.
Proficient in creating complex formulas and functions
Skilled in data analysis and visualization using pivot tables and charts
Experienced in VBA programming for automation tasks
None to be specific as to be told by others
Very basic questions which you can solve easily .Try to revise reasoning of ca foundation and basic math formulae.
I applied via LinkedIn and was interviewed before May 2023. There was 1 interview round.
Trade receivables are audited by verifying the existence, valuation, and rights of the receivables.
Verify the existence of trade receivables by confirming with customers through direct communication or third-party confirmations.
Assess the valuation of trade receivables by reviewing the aging schedule and assessing the likelihood of collection.
Examine the rights associated with trade receivables by reviewing contracts, ...
Communication skill,analytical skill and critical thinking
Communication skill and leadership skill
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Consultant
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Manager
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Associate Consultant
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