EY Global Delivery Services ( EY GDS) Junior Developer Interview Questions and Answers

Finance terms and some math

Q1. What is mean international accounting
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International accounting refers to the accounting standards and practices used in multiple countries to facilitate global business transactions.
• Involves understanding and applying different accounting standards and regulations across countries

• Requires knowledge of currency exchange rates and international tax laws

• Helps companies compare financial performance across borders and comply with international reporting requir...read more
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Questions on quants like , PI ,average,

Q1. What are debentures What is risk analysis Case study on if a person comes to you for financial advice who is xx years old and has xx worth of assets what are the things you will take into consideration w...read more
Ans. 
Debentures are long-term debt instruments issued by companies to raise funds from the public. Risk analysis involves evaluating potential risks associated with an investment. When advising a person on financial matters, factors like age, assets, risk tolerance, and financial goals must be considered.
• Debentures are a form of corporate bonds that pay fixed interest rates to investors.

• Risk analysis involves assessing the ...read more
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Q2. What is needs analysis Difference between mutual funds and ETFS
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Needs analysis is the process of determining the needs and requirements of a client or project before making recommendations or decisions.
• Needs analysis involves gathering information about the client's goals, objectives, and constraints.

• It helps in identifying the gap between the current state and the desired state.

• Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities.

• ETFs ...read more
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Q1. Basic questions relating to accounting
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Q1. Some basic questions relating to reconciliation and etc
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General accounting based questions and Email writing

Q1. General accounting entries, accounting concepts and accounting basics
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Q2. What is Depreciation and where is it shows in books of accounts. What is GST and where is it reflected in the final accounts. Journal entry for Depreciation.
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life. GST is a consumption tax that is reflected in the final accounts.
• Depreciation is a non-cash expense that reduces the value of fixed assets over time.

• Depreciation is shown in the income statement as an expense and in the balance sheet as accumulated depreciation.

• GST (Goods and Services Tax) is a consumption tax levied on the supply of goods and...read more
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Q1. Basics background questions
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Q2. Are you ready to shift to Gandhinagar is the job demands
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Q3. Preferred working location
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Logical reasoning, email drafting, account

Q1. What is account receivable? When company used cash basis and when use accrual?etc
Ans. 
Accounts receivable is the money owed to a company by its customers for goods or services sold on credit.
• Accounts receivable is an asset on the balance sheet.

• Cash basis accounting recognizes revenue when cash is received, while accrual basis accounting recognizes revenue when it is earned.

• Companies typically use accrual basis accounting for financial reporting purposes.

• Accounts receivable can be managed through aging r...read more
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