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

Q1. In what case there will be breach of contract for company?
Ans. 
A breach of contract for a company occurs when one party fails to fulfill their obligations as outlined in the contract.
• Failure to deliver goods or services as agreed

• Non-payment or late payment for goods or services

• Violation of terms and conditions specified in the contract

• Failure to meet quality standards

• Failure to meet deadlines or deliverables

• Misrepresentation or fraud

• Unauthorized disclosure of confidential informat...read more
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Q2. Main components of contract
Ans. 
The main components of a contract include offer, acceptance, consideration, legality, capacity, and intention.
• Offer: One party makes a proposal to another party.

• Acceptance: The other party agrees to the terms of the offer.

• Consideration: Both parties exchange something of value.

• Legality: The contract must be legal and not against public policy.

• Capacity: Both parties must have the legal capacity to enter into a contract.

• ...read more
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Q1. Tool I use for presentation
Ans. 
I use Microsoft PowerPoint for presentations.
• Microsoft PowerPoint is a widely used tool for creating and delivering presentations.

• It offers a variety of features such as slide templates, animations, and multimedia integration.

• PowerPoint allows for easy organization and customization of content.

• It supports the creation of visually appealing and professional-looking presentations.

• Examples of PowerPoint presentations incl...read more
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Q2. Why want to join EY?
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Q1. Previous salary in the confirmpany
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Q2. What is the expectation
Ans. 
The expectation for an Assistant Manager is to assist the manager in achieving the goals of the organization.
• Assist the manager in day-to-day operations

• Ensure smooth functioning of the team

• Maintain good communication with team members and higher-ups

• Help in achieving organizational goals

• Provide support to team members when needed
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Q1. Ind As 115 - Multiple performance obligation
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Q2. Ind AS 116 - Recognition criteria
Ans. 
Ind AS 116 sets out the principles for the recognition of leases by lessees and lessors.
• Leases are recognized as assets and liabilities on the balance sheet

• The lease term is the non-cancellable period for which the lessee has the right to use the underlying asset

• The lease payments are apportioned between interest expense and reduction of the lease liability

• Initial direct costs incurred by the lessee are added to the am...read more
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Group discussion on some random topic

Q1. Salary expectation details
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Q1. Basic details of payroll nd PF understanding
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Q2. Self introduction
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Q1. Experience and projects you have worked on
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Assistant manager FAAS