Ernst & Young Advanced Associate Interview Questions, Process, and Tips

Sustainability refers to the practice of meeting present needs without compromising the ability of future generations to meet their own needs.

• Sustainability involves balancing economic, social, and environmental factors.

• It aims to minimize negative impacts on the environment and society.

• Sustainability standards provide guidelines for organizations to follow in order to achieve sustainable practices.

• Examples of sustaina...read more

I am a dedicated and experienced professional with a strong background in project management and team leadership.

• Over 8 years of experience in project management

• Skilled in leading cross-functional teams to successful project completion

• Proven track record of delivering projects on time and within budget

• Strong communication and interpersonal skills

• Certified Project Management Professional (PMP)

Provision and reserve are accounting terms used to set aside funds for future expenses or losses.

• Provision is an amount set aside to cover a known liability or potential loss, based on estimates.

• Reserve is an amount set aside to cover unknown future expenses or losses.

• Provisions are usually based on specific events or conditions, while reserves are more general.

• Examples include provision for bad debts, provision for wa

Bank Reconciliation Statement is a document that compares the bank's records with the company's records to ensure they match.

• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more

Segregating cash flow statement involves categorizing cash inflows and outflows into operating, investing, and financing activities.

• Operating activities include cash received from sales, payments to suppliers, and salaries paid to employees.

• Investing activities involve cash flows related to the purchase or sale of assets like property, equipment, or investments.

• Financing activities include cash received from issuing st...read more

I am a dedicated and experienced professional with a strong background in project management and team leadership.

• Over 5 years of experience in project management

• Proven track record of successfully leading cross-functional teams

• Strong communication and problem-solving skills

• Proficient in using project management tools such as Asana and Trello