EY Global Delivery Services ( EY GDS) Advanced Analyst Interview Questions, Process, and Tips

Q1. How do u determine residential tax of canada
Ans. 
Residential tax in Canada is determined based on the assessed value of the property and the tax rate set by the municipality.
• Residential tax in Canada is calculated by multiplying the assessed value of the property by the tax rate set by the municipality.

• The assessed value of the property is determined by the Municipal Property Assessment Corporation (MPAC) in Ontario, or similar assessment agencies in other provinces.

• ...read more
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Q2. Difference between Canadian tax filling or us tax filling
Ans. 
Canadian tax filing differs from US tax filing in terms of tax laws, deductions, credits, and deadlines.
• Canadian tax system is based on residency, while US tax system is based on citizenship

• Canada has a Goods and Services Tax (GST) while the US has a Sales Tax

• Canada offers tax credits for things like childcare expenses, while the US offers deductions for mortgage interest

• Canadian tax deadline is April 30th, while US ta
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Q3. How is OIS different from LIBOR
Ans. 
OIS is a risk-free rate while LIBOR is an interbank lending rate.
• OIS stands for Overnight Index Swap, while LIBOR stands for London Interbank Offered Rate.

• OIS is based on actual transactions in the overnight market, while LIBOR is based on banks' estimates of borrowing costs.

• OIS is considered a risk-free rate, while LIBOR includes a credit risk premium.

• OIS is used as a benchmark for pricing derivatives, while LIBOR is ...read more
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Q4. Calculate part year tax return
Ans. 
Calculating part year tax return involves prorating income and deductions based on the portion of the year worked.
• Determine total income earned during the part year

• Prorate deductions based on the portion of the year worked

• Calculate tax owed using the prorated income and deductions

• Consider any tax credits or adjustments applicable for the part year

• File the tax return with the prorated information
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Q1. Walkthrough the analysis of profit and loss, have you done, if yes , how would u do
Ans. 
Analyzing profit and loss involves examining revenue, expenses, and overall financial performance.
• Start by gathering financial statements such as income statement and balance sheet

• Calculate gross profit by subtracting cost of goods sold from total revenue

• Analyze operating expenses to determine net profit

• Compare current period performance to previous periods or industry benchmarks

• Identify areas for improvement or cost-c
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Q2. Where do you use pivot table and v look up
Ans. 
Pivot tables are used for summarizing and analyzing data, while VLOOKUP is used to search for specific information in a dataset.
• Pivot tables are used to summarize and analyze large datasets by organizing and displaying data in a more manageable format.

• VLOOKUP is used to search for specific information in a dataset based on a unique identifier, such as a customer ID or product code.

• Pivot tables can be used to analyze sa...read more
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Q3. Rate yourself from 1-10 for Ms excel
Ans. 
I would rate myself as an 8 in Ms Excel.
• Proficient in creating complex formulas and functions

• Skilled in data analysis and visualization using pivot tables and charts

• Experienced in VLOOKUP and other advanced features

• Comfortable with macros and automation tasks
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Q4. Why operational transfer pricing profile over another tax profiles
Ans. 
Operational transfer pricing profile is preferred over other tax profiles due to its ability to align with business operations and improve decision-making.
• Operational transfer pricing allows for a more accurate reflection of costs and profits within different business units.

• It helps in aligning transfer pricing policies with the overall business strategy.

• Operational transfer pricing can lead to better decision-making b...read more
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Q1. Tell me about yourself
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Q2. Where do you see yourself in the next 5 years
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Fundamentals skills and experience and experience and qualification

Good rate for me could not get the job is to change the job id

Q1. What is the ticket for the response of the day
Ans. 
The ticket for the response of the day is a recognition given to the analyst who provides the best response or solution on a particular day.
• The ticket can be a physical certificate, a digital badge, or a simple acknowledgment in a team meeting.

• It is usually awarded based on the quality, accuracy, and creativity of the response provided by the analyst.

• Receiving the ticket can boost morale and motivation among analysts, ...read more
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Q2. How to make a job change
Ans. 
Making a job change involves self-assessment, research, networking, updating resume, applying for jobs, and preparing for interviews.
• Assess your skills, interests, and values to determine what type of job you want.

• Research industries and companies to find potential job opportunities.

• Network with professionals in your desired field to learn about job openings.

• Update your resume and cover letter to highlight relevant exp...read more
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Q1. Why are you looking for a change.
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Q2. Why do you want to join EY
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