Ernst & Young Project Consultant Interview Questions, Process, and Tips

Verbal, logical, statistics , graphs + 2 email writing

Q1. Questions based on java, sql, data analysis-power bi
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Q1. Family based questions hobbies physical activity based
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Q1. Basics of accounting
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Q1. Tell me the accrual entries
Ans. 
Accrual entries are journal entries made to record revenue or expenses that have been earned or incurred, but have not yet been received or paid.
• Accrual entries are used to match revenue and expenses with the period in which they are earned or incurred, regardless of when the cash is actually received or paid.

• For example, if a company provides services in December but does not receive payment until January, an accrual ...read more
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Q2. Tell me the deferral entry
Ans. 
Deferral entry is an accounting adjustment made to defer the recognition of revenue or expenses to a later period.
• Deferral entry involves recognizing revenue or expenses in a future accounting period instead of the current period.

• Common examples of deferral entries include prepaid expenses and unearned revenue.

• Prepaid expenses are expenses paid in advance but not yet incurred, while unearned revenue is revenue received
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Q3. Tell me the month end activities
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Q4. Tell me the reconciliations
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Q5. Tell me the post reconciliation activities
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Q1. Tell me the accrual entry
Ans. 
Accrual entry is a journal entry made to record revenue or expenses that have been earned or incurred, but not yet received or paid.
• Accrual entry is used to match revenues and expenses to the period in which they are incurred, rather than when cash is exchanged.

• For example, if a company provides services in December but does not receive payment until January, an accrual entry would be made in December to record the rev...read more
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Q2. Tell me the deferral entry
Ans. 
A deferral entry is made to postpone recognizing revenue or expenses until a future period.
• Deferral entries are used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses, unearned revenue, and deferred tax assets/liabilities.

• These entries are typically made at the end of an accounting period to ensure accurate financial reporting.
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Q3. Tell me the month end activities
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Q4. Tell me the reconciliation
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Q5. Tell me the post reconciliation activities
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Topic related to job profile

Q1. Situational based question
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Q2. To find the market share of golf-sticks in Japan
Ans. 
To find the market share of golf-sticks in Japan, we need to conduct market research and analyze sales data.
• Conduct market research to gather data on sales of golf-sticks in Japan

• Analyze sales data to determine the market share of golf-sticks in Japan

• Compare market share of different brands or types of golf-sticks in Japan

• Consider factors such as pricing, distribution channels, and customer preferences
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Q1. Brief about the past projects
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Q2. About past projects, experience and understanding of proposed project
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Q3. About technology based solutions
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Q4. Communication skills
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Q1. About current CTC, expectations and preferred location
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Q1. Questions on my project experiences
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Q2. Why I was changing job?
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Q3. Tool and methods i used in previous experiences
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Aptitude test to assess reasoning and problem solving skills. Writing test for assessing language proficiency and technical depth

Q1. Existing CTC, expected CTC, negotiations
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