EY Global Delivery Services ( EY GDS) Assurance Associate Interview Questions, Process, and Tips

Three stage in self assessment test
1.English
2.Excel
3.Financial reporting
Easy and mcq base

Q1. What is depreciation and impairment
Ans. 
Depreciation is the allocation of the cost of tangible assets over their useful life, while impairment is a reduction in the value of assets.
• Depreciation is a non-cash expense that reflects the wear and tear of tangible assets over time.

• Impairment occurs when the carrying amount of an asset exceeds its recoverable amount.

• Depreciation is recorded on the income statement, while impairment is recognized on the balance she...read more
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Q1. Introducing, certifications, qualifications
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Online aptitude test

Psychometric game round

Q1. Tell me about a when you exhibited your leadership skill
Ans. 
Led a team project in college to organize a charity event
• Organized team meetings to delegate tasks and set deadlines

• Motivated team members to contribute their best efforts

• Handled communication with external vendors and sponsors

• Managed budget and logistics effectively

• Event was successful and raised significant funds for charity
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Q2. Previous employment or internship experience
Ans. 
I have previous internship experience in accounting at XYZ firm.
• Completed a 6-month internship at XYZ firm in the accounting department

• Assisted with financial statement preparation and analysis

• Performed audit procedures under supervision of senior staff

• Utilized accounting software such as QuickBooks and Excel
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Q1. Basic accounting based questions
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Q2. Cash flow statement and depreciation related questions
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Q1. Tell me about yourself, tell me about some excel functions, are you willing to relocate?, are you an immediate joiner?
Ans. 
I am a highly motivated Assurance Associate with expertise in Excel functions. I am open to relocation and available for immediate joining.
• I have extensive knowledge of Excel functions such as VLOOKUP, SUMIF, COUNTIF, and IFERROR.

• I have used Excel functions to analyze financial data, create reports, and streamline processes.

• I am proficient in using functions like CONCATENATE, TEXT, and DATE to manipulate and format dat...read more
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Q1. Relation between audit and accounting, cash sales, depriciation, why is brs prepared? do you know how to prepare brs? why join EY? what did you learn from your internship? introduce yourself.
Ans. 
The interview questions cover topics related to audit, accounting, cash sales, depreciation, and bank reconciliation statement.
• Audit and accounting are closely related as audit involves examining and verifying financial records prepared by accountants.

• Cash sales are recorded in the cash book and are an important source of revenue for businesses.

• Depreciation is the systematic allocation of the cost of a fixed asset over...read more
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Questions related to MS-Office, accountancy

Q1. About yourself and qualification
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Q2. Technical questions from accountancy
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Basic questions of maths and english

A topic was given and everyone had to speak on it for 2 mins each

Q1. 16 questions of 11/12th standard accountancy were asked.
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Q2. What are current liabilities
Ans. 
Current liabilities are debts or obligations that are due within one year or the operating cycle of a business.
• Examples include accounts payable, short-term loans, accrued expenses, and taxes owed.

• They are listed on the balance sheet and are important for assessing a company's liquidity and ability to meet short-term obligations.

• Current liabilities are different from long-term liabilities, which are debts or obligation...read more
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Q3. Journal entry of rent outstanding
Ans. 
A journal entry for rent outstanding is recorded to show unpaid rent expenses.
• Debit Rent Expense account for the amount of rent owed

• Credit Rent Payable account for the same amount

• Example: Debit Rent Expense $1,000, Credit Rent Payable $1,000
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Q4. What are accounting standards
Ans. 
Accounting standards are guidelines and rules set by regulatory bodies to ensure consistency and transparency in financial reporting.
• Accounting standards provide a framework for financial reporting

• They ensure consistency and comparability of financial statements

• Examples of accounting standards include GAAP, IFRS, and FASB

• They are set by regulatory bodies such as the SEC and the FASB
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