EY Global Delivery Services ( EY GDS) Staff Interview Questions and Answers

Depreciation is the decrease in value of an asset over time due to wear and tear or obsolescence. Land is not depreciated as it does not wear out.

• Depreciation is a method of allocating the cost of an asset over its useful life.

• It is used to reflect the decrease in value of an asset due to wear and tear or obsolescence.

• Land is not depreciated as it is considered to have an indefinite useful life and does not wear out.

• Bu...read more

IND AS 116 is a new accounting standard for lease accounting in India.

• IND AS 116 replaces the previous standard, IND AS 17.

• It requires lessees to recognize all leases on their balance sheet as assets and liabilities.

• The standard also introduces new criteria for determining whether a contract contains a lease.

• It aims to provide a more accurate representation of a company's financial position and performance.

• The standard...read more

Expert mode Fiori catalog offers various roles for different users.

• Expert mode Fiori catalog provides different roles for users based on their expertise.

• Roles can be customized to suit the needs of the organization.

• Examples of roles include developer, administrator, and end user.

• Each role has specific permissions and access to different apps and features.

• Expert mode Fiori catalog allows for easy management of roles and