Ernst & Young Ssrs Developer Interview Questions and Answers

GST has replaced multiple indirect taxes with a single tax. Recent changes include simplified return filing and reduced rates for certain items.

• GST has replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

• It has simplified the tax structure and reduced the cascading effect of taxes.

• Recent changes include the introduction of simplified return filing through GST Sahaj and GST Sugam.

• GST rates have been...read more

Steps in revenue recognition under Ind AS 115

• Identify the contract with the customer

• Identify the performance obligations in the contract

• Determine the transaction price

• Allocate the transaction price to the performance obligations

• Recognize revenue when (or as) the entity satisfies a performance obligation

An abstract class is a class that cannot be instantiated and is used as a base class for other classes.

• An abstract class can have abstract methods that must be implemented by its subclasses.

• Abstract classes can have non-abstract methods and fields.

• An abstract class can be used to define a common interface for a group of related classes.

• Example: Animal is an abstract class and Dog, Cat, and Bird are its subclasses.

• Examp...read more

I am interested in the company because of its reputation for innovation and commitment to employee development.

• The company has a track record of introducing new and exciting products to the market.

• I appreciate the company's focus on providing opportunities for professional growth and development.

• I have heard positive feedback from current and former employees about the company culture and work environment.

My long term goal is to become an expert in my field and take on leadership roles to make a positive impact.

• Continuously learn and develop new skills

• Take on challenging projects to gain experience

• Build a strong network of professionals in my industry

• Seek out mentorship and leadership opportunities

• Contribute to the growth and success of my organization

My short term goal is to learn new skills and gain experience in my field.

• Acquire new skills through training and workshops

• Take on challenging projects to gain experience

• Network with professionals in the industry

• Improve time management and organizational skills