EY Global Delivery Services ( EY GDS) Tax Analyst Interview Questions and Answers

All about basic of English math reasoning and excel

Q1. What is Taxation, type of tax, Us taxation vs Indian taxation, us tax forms, Accounting principles,
Ans. 
Taxation is the process of levying financial charges on individuals and entities by governments to fund public services.
• Types of Tax: Common types include income tax, sales tax, property tax, and corporate tax. For example, income tax is based on earnings.

• US Taxation: The US has a progressive tax system where tax rates increase with income levels, with federal, state, and local taxes.

• Indian Taxation: India also employs...read more
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Q2. What is Accrual concept examples
Ans. 
The accrual concept in accounting recognizes revenues and expenses when they are incurred, regardless of cash transactions.
• Revenue Recognition: A company recognizes revenue when it is earned, not when cash is received. For example, a service is billed in December but paid in January.

• Expense Recognition: Expenses are recorded when incurred, not when paid. For instance, a utility bill for December is recorded in December...read more
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Q3. Where do you want to see yourself in next 5 years
Ans. 
In five years, I envision myself as a senior tax analyst, leading projects and mentoring junior analysts while enhancing my expertise.
• Career Advancement: I aim to progress to a senior tax analyst role, where I can take on more complex projects and responsibilities.

• Leadership Opportunities: I aspire to lead a team of analysts, guiding them through challenging tax scenarios and fostering their professional growth.

• Continu...read more
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Q4. What is your skills explian this
Ans. 
As a Tax Analyst, I possess analytical skills, attention to detail, and knowledge of tax regulations to ensure compliance and optimize tax strategies.
• Analytical Skills: I analyze financial data to identify tax-saving opportunities, such as deductions and credits, ensuring clients maximize their benefits.

• Attention to Detail: I meticulously review tax documents and filings to prevent errors that could lead to audits or p...read more
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Q5. What is balance sheet ? Give exmaole for assets and liabilities
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A balance sheet is a financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
• Assets: Resources owned by the company, such as cash, inventory, and property. Example: Cash ($50,000), Equipment ($100,000).

• Liabilities: Obligations or debts owed by the company, such as loans and accounts payable. Example: Bank Loan ($30,000), Accounts Payable ($20,000).

• Equity: The residual...read more
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It was easy basic account and reasoning questions

Q1. Basic Accounts questions and self introduction
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Q1. Interview with the senior manager, About 10 question from tax moderate level and 5 - 6 questions from Financial Account very basic. Few excel question and practical performance.
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Q1. Asked everything that was on the resume
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Q2. Why did I want to join the company
Ans. 
I am drawn to the company for its commitment to excellence, innovation, and professional growth in the tax field.
• The company's reputation for integrity and accuracy in tax analysis aligns with my professional values.

• I admire the innovative approaches the company takes to solve complex tax issues, such as utilizing advanced technology.

• The opportunity for continuous learning and development through training programs is a...read more
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Logical, verbal and Finance/ Accounts

Q1. T accounts, Deferred tax asset and liability, financial statements, contents of financial statements, OECD
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Q2. Corporate tax, international tax, any tax rates
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Q1. Why US Tax?
Ans. 
US Tax is a complex system that impacts individuals and businesses, shaping economic behavior and funding government services.
• Understanding US tax laws is crucial for compliance and avoiding penalties.

• Tax policy influences economic decisions, such as investment and spending.

• The US tax system is progressive, meaning higher earners pay a larger percentage.

• Tax incentives, like credits for education or renewable energy, en...read more
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Q2. Why are you looking for EY?
Ans. 
I am drawn to EY for its commitment to innovation, professional growth, and a collaborative work environment that fosters excellence.
• EY's global presence offers diverse opportunities to work on international tax issues, enhancing my expertise.

• The firm's focus on technology and innovation in tax services aligns with my interest in leveraging data analytics for better decision-making.

• EY's strong emphasis on professional ...read more
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Excel, English, accounting, logical covered.

Q1. Introduction strength, weakness preferred location, about Ey College Life
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Q1. Excel related, Tax Related, Introduction, Why Ey, why not other 3 companies.
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