EY Global Delivery Services ( EY GDS) Project Coordinator Interview Questions and Answers

Q1. Tell me something about your self
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Q2. Why KPMG and not others
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Q1. Details about IFRS 15 with examples
Ans. 
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
• IFRS 15 provides a single, comprehensive revenue recognition model for all contracts with customers.

• It requires entities to identify performance obligations in a contract and allocate the transaction price to each obligation based on their standalone selling prices.

• Revenue is recognized when control ...read more
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Q2. Scenario based questions
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Q3. How to test debtors more than 3 years
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Testing debtors more than 3 years involves thorough analysis of financial records and communication with debtors.
• Review financial statements for outstanding debts older than 3 years

• Contact debtors directly to inquire about the status of the debt and attempt to collect payment

• Consider legal action if necessary to recover the debt

• Evaluate the likelihood of collecting the debt and adjust financial records accordingly
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Basic Accounting rectification entries, Basic Code based reasoning, and directional questions

Q1. Mutual Fund and hedging
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Q2. Why do you want to switch
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Q3. Why you want to work at NAV
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Q4. Basic Numerical question of NAV Calculation
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Q1. Which profile you want to choose
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Q2. Salary expectation
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Good, based on accounting and taxation

Q1. Indian basic taxation
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Q1. Journal entries related to deferred revenue, accrual
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Q2. Journal entries related to recording of expenses and incomes
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Assignment is accounting related

Q1. Concept of deffered accounting
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Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
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Q2. Journal entries for amortization
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Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
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Q3. Depreciation accounting
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Q1. Salary discussion
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