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Gec Steel Manufacturing Plc Head Accountant Interview Questions and Answers
Gec Steel Manufacturing Plc Head Accountant Interview Experiences
1 interview found
(2 Questions)
- Q1. DIFFERENCE BETWEEN INDIAN AND ETHIOPAN ACCOUNTING SYSTEM
- Ans.
Indian and Ethiopian accounting systems differ in their approach to financial reporting and regulatory compliance.
Indian accounting system follows the Generally Accepted Accounting Principles (GAAP) while Ethiopian accounting system follows the International Financial Reporting Standards (IFRS).
Indian accounting system is more rule-based while Ethiopian accounting system is more principle-based.
Indian accounting system...
- Q2. WHAT ELSE IN ETHOPIAN ACCOUNTING
- Ans.
Ethiopian accounting also includes traditional methods such as bartering and communal labor.
Ethiopian accounting has a strong emphasis on community and sharing resources.
Bartering is still a common practice in rural areas.
Communal labor is often used for farming and construction projects.
The Ethiopian government has implemented modern accounting practices, but traditional methods still play a significant role.
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(2 Questions)
- Q1. What is marketing management
- Ans.
Marketing management involves planning, organizing, directing, and controlling marketing activities to achieve organizational goals.
Developing marketing strategies to reach target customers
Analyzing market trends and competition
Setting marketing budgets and monitoring expenses
Managing advertising and promotional campaigns
Measuring the effectiveness of marketing efforts
- Q2. Same principal of handery fayol
- Ans.
Henri Fayol's principles of management are applicable in accounting as well.
Fayol's principle of unity of command can be applied in accounting to ensure clear reporting lines and accountability.
The principle of division of work can be seen in accounting departments where tasks are divided among different roles for efficiency.
Accountants can use the principle of discipline to ensure adherence to financial regulations an...
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Selected
I applied via Naukri.com and was interviewed in May 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Family background
- Q2. Education and experience related questions
(2 Questions)
- Q1. In our resume related questions only
- Q2. Basic gst knowledge questions
(1 Question)
- Q1. Final department head meeting general topics.
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- CMA
Selected
I applied via Campus Placement and was interviewed in May 2024. There were 4 interview rounds.
Free practice aptitude tests provide the best preparation from employment aptitude test.
(1 Question)
- Q1. One- on- one round is a job interview where a single candidate meet with one interviewer person, over the phone , or through video conferencing.
Group decision is a process where a group of people together to make a choice from a set of options.
Group decision is a process where a group of people together to make a choice from a set of options
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Be honest
Follow your passion
Mohammad Hasnain
Selected
I applied via Walk-in and was interviewed in Sep 2024. There was 1 interview round.
(3 Questions)
- Q1. What is your name
- Q2. What is your work
- Q3. Why are you joined this job
It was basic 10th grade quantitative questions
Case study depending on the situation of current market condition
Accountant Interview Questions & Answers
Sun Pharmaceutical Industries
Anonymous
posted on 27 Oct 2023
(4 Questions)
- Q1. Define what is a balance sheet?
- Ans.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
It shows the company's assets, liabilities, and shareholders' equity.
Assets include cash, accounts receivable, inventory, and property.
Liabilities include loans, accounts payable, and accrued expenses.
Shareholders' equity represents the company's net worth.
The balance sheet follows the formula...
- Q2. Describe the golden rules of Accounts?
- Ans.
The golden rules of Accounts are basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.
The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.
The third golden rule is the Nominal Account rule, which states that debit all expenses and losses
- Q3. Describe Types of Accounts ?
- Ans.
Types of accounts include assets, liabilities, equity, revenue, and expenses.
Assets: Resources owned by a company, such as cash, inventory, and property.
Liabilities: Debts or obligations owed by a company, such as loans and accounts payable.
Equity: Represents the owner's interest in the company's assets after deducting liabilities.
Revenue: Income generated from the sale of goods or services.
Expenses: Costs incurred in ...
- Q4. Theer Different types of accounts in accounting are Real account, Personal account and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account...
(4 Questions)
- Q1. Tell me about yourself.
- Q2. Why do you want to work for our company?
- Q3. Why are you looking for a change?
- Q4. What are your greatest strengths and weaknesses?
Durga Raja
(2 Questions)
- Q1. Golden rules of accounting
- Ans.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
These rules help ensure that financial transactions are accurately recorded and classified.
For example, when a company receives cash fr...
- Q2. Some journal entries
I applied via Job Portal and was interviewed in Jan 2024. There were 3 interview rounds.
Case Study on TVS Motors.
Opinion about 2023 Budget.
(2 Questions)
- Q1. Tell About Yourself ?
- Ans.
I am a recent accounting graduate with strong analytical skills and a passion for numbers.
Recent accounting graduate
Strong analytical skills
Passion for numbers
- Q2. Why did you choose this company ?
- Ans.
I chose this company because of its reputation for providing excellent training and growth opportunities in the accounting field.
Reputation for providing excellent training and growth opportunities
Strong presence in the accounting industry
Positive reviews from current and former employees
(1 Question)
- Q1. Working experience
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