Ernst & Young Junior Associate Interview Questions and Answers

Q1. Case about peofitability and data analysis
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Q1. Case about technology and behavioural questions
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Typical questions in an interview

Q1. What is the audit process?
Ans. 
The audit process involves examining financial records, transactions, and internal controls to ensure accuracy and compliance.
• Planning the audit by understanding the client's business and risks

• Gathering evidence through testing and analysis

• Evaluating internal controls and identifying areas of risk

• Communicating findings and recommendations to management

• Issuing an audit report with opinions and conclusions
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Basic aptitude test consisting questions of Logical reasoning, quant, and English

Q1. Guesstimate - How many red cars are purchased in Delhi?
Ans. 
It is estimated that around 20% of cars in Delhi are red, so approximately 1 out of every 5 cars is red.
• Consider the total number of cars in Delhi

• Estimate the percentage of cars that are red

• Calculate the number of red cars based on the percentage
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Q1. Guesstimate - Size of mattresses market in Delhi?
Ans. 
The size of the mattresses market in Delhi can be estimated by considering the population, average household size, and consumer preferences.
• Consider the population of Delhi and the average household size to estimate the number of households in need of mattresses

• Research the average spending on mattresses per household in Delhi

• Take into account the various types of mattresses available in the market and their respective...read more
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Q1. Strengths and weakness
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Q2. Relocation? How would you manage travel?
Ans. 
I am open to relocation and willing to manage travel efficiently.
• I am flexible and willing to relocate for the right opportunity.

• I will plan ahead and research the best travel options available.

• I am comfortable with long commutes or temporary accommodations if needed.
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Basic accounting anf financial questions were asked

Q1. Xlookup, vlookup Pivot chart Excel
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Q2. Accouting ratios DPO
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Q3. Ebitda how to calculate and meaning
Ans. 
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance.
• Calculate EBITDA by adding back interest, taxes, depreciation, and amortization to net income.

• EBITDA is used to analyze and compare profitability between companies.

• It helps in assessing a company's ability to generate cash flow.

• EBITDA is commonly used in valuation and financial analysi...read more
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Q1. How do you handle big data?
Ans. 
I handle big data by utilizing advanced analytics tools and techniques to extract valuable insights.
• Utilize data visualization tools to identify patterns and trends

• Use machine learning algorithms to predict future outcomes

• Implement data cleaning and preprocessing techniques to ensure accuracy

• Collaborate with data engineers to optimize data storage and retrieval

• Stay updated on the latest advancements in big data technol
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Q1. Just basic screening
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Q1. Just basic question regarding the resume and place you live
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Q1. Communication round
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Q1. Case Interview on improving customer experience for a banking client
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Q2. Profitability case for an appliance manufacturer
Ans. 
Analyzing profitability for an appliance manufacturer
• Calculate the total revenue generated from appliance sales

• Determine the total cost of production including materials, labor, and overhead

• Calculate the gross profit margin by subtracting the total cost from the total revenue

• Analyze the operating expenses such as marketing, distribution, and administrative costs

• Calculate the net profit margin by subtracting the operati
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