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I applied via Approached by Company and was interviewed in Sep 2024. There was 1 interview round.
Depreciation is the allocation of the cost of tangible assets over their useful life, while amortization is the allocation of the cost of intangible assets over their useful life.
Depreciation is used for tangible assets like buildings, machinery, vehicles, etc.
Amortization is used for intangible assets like patents, copyrights, trademarks, etc.
Both depreciation and amortization help in spreading out the cost of an asse...
Auditing is the process of examining financial records to ensure accuracy and compliance with laws and regulations.
Auditing helps to detect and prevent fraud and errors in financial statements.
It provides assurance to stakeholders that the financial information is reliable.
Auditing is required by law for publicly traded companies to protect investors.
It helps improve internal controls and operational efficiency.
Auditor...
Professional scepticism is the attitude of doubting and questioning information, evidence, and assumptions in auditing to ensure objectivity and thoroughness.
Professional scepticism involves maintaining a questioning mindset throughout the audit process.
Auditors should not automatically accept information provided by the client, but instead critically evaluate and verify it.
It is essential for auditors to remain indepe...
Financial statements include balance sheet, income statement, cash flow statement, and statement of changes in equity.
Balance sheet shows assets, liabilities, and equity at a specific point in time.
Income statement shows revenues, expenses, and net income over a period of time.
Cash flow statement shows cash inflows and outflows from operating, investing, and financing activities.
Statement of changes in equity shows cha...
The responsibilities of an Auditor include examining financial records, ensuring compliance with laws and regulations, and providing accurate and unbiased reports.
Examining financial records to ensure accuracy and compliance
Ensuring compliance with laws and regulations
Providing accurate and unbiased reports to stakeholders
Identifying and reporting any discrepancies or fraud
Communicating findings and recommendations to
Cash flow statement is a financial report that shows the inflows and outflows of cash in a business over a specific period of time.
It provides insights into a company's liquidity and ability to meet its financial obligations.
Consists of three main sections: operating activities, investing activities, and financing activities.
Helps investors and analysts assess the financial health of a company.
Example: Cash flow from o...
Reconciling items in a Bank Reconciliation Statement (BRS) are differences between the bank statement and the company's records.
Outstanding checks: Checks issued by the company but not yet presented for payment by the recipient.
Deposits in transit: Cash or checks received by the company but not yet recorded by the bank.
Bank errors: Mistakes made by the bank in recording transactions.
Interest earned: Interest income ear...
Debits and credits are used in double-entry accounting to record financial transactions.
Debits increase assets and expenses, and decrease liabilities and revenues.
Credits increase liabilities and revenues, and decrease assets and expenses.
Debits are recorded on the left side of an account, while credits are recorded on the right side.
The accounting equation must always balance, with total debits equaling total credits.
I applied via Approached by Company and was interviewed in Jul 2024. There was 1 interview round.
Experienced auditor with a strong attention to detail and analytical skills.
Over 5 years of experience in auditing financial records
Proficient in conducting risk assessments and identifying control weaknesses
Strong communication skills to effectively communicate findings to stakeholders
Audit procedures for inventory involve physical counts, observation of inventory movements, and reconciliation with financial records.
Conduct physical counts of inventory to verify quantities on hand
Observe inventory movements to ensure proper recording and valuation
Reconcile inventory counts with financial records to identify discrepancies
Perform test counts to validate accuracy of inventory records
Review inventory va
I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.
I was interviewed before Sep 2016.
I was interviewed in Jul 2017.
Yes, I am flexible with night shifts.
I have worked night shifts before and am comfortable with them.
I understand the importance of being available for work at all times.
I am willing to adjust my schedule to meet the needs of the company.
I am aware that night shifts may require a different sleep schedule and am prepared to make necessary adjustments.
I have the skills, experience, and passion to contribute to the growth and success of your company.
My extensive experience in the industry will allow me to bring new ideas and perspectives to the table.
I have a proven track record of achieving targets and exceeding expectations.
My strong communication and interpersonal skills will enable me to work effectively with colleagues and clients alike.
I am a quick learner and ...
I believe gaining practical experience is more valuable than pursuing further education at this point.
I want to focus on gaining practical experience in my field
I feel that further education may not necessarily enhance my skills or job prospects
I am satisfied with my current level of education and feel it is sufficient for my career goals
I wanted to explore new opportunities and gain exposure to different cultures.
I wanted to broaden my horizons and experience new things.
I believed that studying in a different city would provide me with more opportunities for personal and professional growth.
I wanted to meet new people and learn about different cultures.
I was excited to explore a new city and all that it had to offer.
I felt that studying in a different...
I was interviewed in Aug 2016.
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