Siddharth Institute of Engineering and Technology Interview Questions and Answers

To apply for a refund, gather necessary documentation, contact the company or store, follow their refund policy, and wait for the refund to be processed.

• Gather receipts or proof of purchase.

• Contact the company or store where the purchase was made.

• Follow their refund policy, which may include returning the item in its original packaging.

• Wait for the refund to be processed, which may take a few days to weeks.

I have worked on a variety of technologies including Java, Python, SQL, and AWS.

• Java

• Python

• SQL

• AWS

I have experience with various tools including Microsoft Office Suite, Google Analytics, and Adobe Creative Suite.

• Microsoft Office Suite

• Google Analytics

• Adobe Creative Suite

Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

• It helps to identify any discrepancies between the two records.

• It ensures that all transactions are accurately recorded in the company's books.

• It involves matching transactions on the bank statement with transactions in the company's accounting system.

• Any differences are investigated and resolved.

• Examples of items that may cause discrepancies include outstanding checks, ...read more

Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

• It shows the sources of cash and how it is used.

• It is divided into three sections: operating, investing, and financing activities.

• It helps in analyzing the liquidity and solvency of a business.

• Example: A company's cash flow statement shows that it has a positive cash flow from operating activities, but negative cash flow from investing activities due to h...read more

SA 320 is an auditing standard that deals with materiality in planning and performing an audit.

• SA 320 provides guidance on determining materiality for financial statements as a whole and for specific account balances, transactions, and disclosures.

• It also outlines the auditor's responsibilities in assessing and documenting materiality.

• The standard emphasizes the importance of professional judgment in determining materiality.

• Examples of factors to consider when determining mat...read more

Auditing is important to ensure accuracy, compliance, and transparency in financial reporting.

• Auditing helps to detect and prevent fraud and errors in financial statements.

• It ensures compliance with laws and regulations, such as the Sarbanes-Oxley Act.

• Auditing provides assurance to stakeholders that financial information is accurate and reliable.

• It helps to identify areas for improvement in financial management and reporting.

• Examples of auditors include the Big Four accountin...read more

FRS 16 is a financial reporting standard that deals with accounting for leases.

• FRS 16 requires lessees to recognize assets and liabilities for all leases, unless the lease term is 12 months or less or the underlying asset has a low value.

• It classifies leases as either finance leases or operating leases, with different accounting treatments for each.

• Under FRS 16, lessees must recognize a right-of-use asset representing their right to use the underlying asset and a lease liabil...read more