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Grant Thornton Bharat Audit Associate Interview Questions and Answers

Updated 7 Aug 2024

Grant Thornton Bharat Audit Associate Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Jul 2024. There were 2 interview rounds.

Round 1 - Technical 

(4 Questions)

  • Q1. Case study on Ind as 115. Timing of recognition as revenue of Amount provided for training employees for a specific assignment
  • Ans. 

    Under Ind AS 115, revenue for training employees for a specific assignment should be recognized when the training services are provided.

    • Revenue should be recognized over time as the training services are provided.

    • The amount provided for training employees should be allocated to each period based on the progress of the training.

    • The timing of revenue recognition should align with the timing of when the training services ...

  • Answered by AI
  • Q2. Ind as 116 case study
  • Q3. Ind as 2 calculation of inventory cost as per fifo
  • Ans. 

    Ind AS 2 requires inventory cost to be calculated using the FIFO method.

    • Under FIFO method, the oldest costs are assigned to inventory first.

    • Cost of goods sold is calculated using the oldest costs first.

    • Ending inventory is valued at the most recent costs.

    • Example: If a company purchases inventory at $10, $12, and $15, under FIFO method, the inventory sold will be valued at $10 first.

    • Example: If the company sells 100 unit...

  • Answered by AI
  • Q4. Ind as 102 journal entries
  • Ans. 

    Ind AS 102 journal entries are used to record share-based payments in financial statements.

    • Ind AS 102 requires companies to recognize share-based payments as an expense in their financial statements.

    • Journal entries for share-based payments typically involve debiting an expense account and crediting either equity or liability accounts.

    • For example, if a company grants stock options to employees, the journal entry would i...

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. Questions based off resume

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident even if your technical is not that sound.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Feb 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

An online English assessment via Google Forms, MCQ. There were also essay-type of questions usually about dealing with certain workplace situations.

Round 3 - HR 

(2 Questions)

  • Q1. Why do you want to join this company?
  • Ans. 

    I want to join this company because of its strong reputation in the industry and its commitment to excellence in audit services.

    • The company has a strong reputation in the industry for providing high-quality audit services.

    • I am impressed by the company's commitment to excellence and continuous improvement in its audit processes.

    • The company offers great opportunities for professional growth and development.

    • I believe that...

  • Answered by AI
  • Q2. How did you showcase your leadership during college?
  • Ans. 

    During college, I showcased my leadership through various extracurricular activities and group projects.

    • Served as the president of the Finance Club, organizing events and leading a team of members.

    • Led a group project in my accounting class, delegating tasks and ensuring timely completion.

    • Volunteered as a mentor for incoming freshmen, providing guidance and support.

    • Participated in a leadership development program, where...

  • Answered by AI
Round 4 - Behavioral 

(2 Questions)

  • Q1. Tell me something about yourself.
  • Ans. 

    I am a detail-oriented and analytical individual with a strong background in accounting and auditing.

    • I have a Bachelor's degree in Accounting and have completed internships at two reputable accounting firms.

    • I am proficient in using auditing software and have experience in conducting financial statement audits.

    • I have excellent analytical skills and attention to detail, which allows me to identify discrepancies and ensur...

  • Answered by AI
  • Q2. What do you know about the role you're applying for?
  • Ans. 

    The role of an Audit Associate involves conducting financial audits and ensuring compliance with regulations.

    • Conducting financial audits to assess the accuracy and integrity of financial statements

    • Evaluating internal controls and identifying areas of risk

    • Preparing audit reports and communicating findings to clients

    • Assisting in the development of audit plans and procedures

    • Collaborating with audit teams and clients to ga...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Use the STAR method in answering situational questions.

Audit Associate Interview Questions Asked at Other Companies

asked in Deloitte
Q1. 8) What is the Bank Reconciliation Statement? Explain with a prac ... read more
asked in PwC
Q2. 2) Ind AS 116, Its objective, Difference between operating Lease ... read more
asked in PwC
Q3. 3) How to do audit of Balance Sheet and Profit & Loss A/c.
asked in Deloitte
Q4. 9) When an Asset increases it must be debited or credited?
asked in Deloitte
Q5. 10) When equity decreases it must be debited or credited?

Interview questions from similar companies

I applied via Campus Placement and was interviewed before Oct 2019. There were 6 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Talk about yourself?
  • Q2. Just talk casually..Note that u dont start talking about youself by telling ur name..Talk something intersting or unique that might impress the interviewer.

Interview Preparation Tips

Interview preparation tips for other job seekers - Stay normal, confident, smiling positive and real..Just be yourself..

I applied via Naukri.com and was interviewed before Feb 2021. There were 4 interview rounds.

Round 1 - Assignment 

.

Round 2 - HR 

(3 Questions)

  • Q1. Share details of your previous job.
  • Q2. What are your salary expectations?
  • Q3. Tell me about yourself.
Round 3 - Technical 

(1 Question)

  • Q1. Question related to Job profile , experience.
Round 4 - HR 

(3 Questions)

  • Q1. What are your salary expectations?
  • Q2. What is your family background?
  • Q3. What are your strengths and weaknesses?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared for questions basis job profile.

I applied via Campus Placement and was interviewed before Jan 2021. There were 5 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Balance Sheet and Profit and Loss Scenario Based Questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Revise Accounting Priniciples

I applied via Naukri.com and was interviewed in Aug 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Difference between depn and amotisation?
  • Ans. 

    Depreciation is the decrease in value of tangible assets while amortization is the decrease in value of intangible assets.

    • Depreciation is used for tangible assets like buildings, machinery, and equipment.

    • Amortization is used for intangible assets like patents, copyrights, and trademarks.

    • Depreciation is calculated based on the useful life of the asset.

    • Amortization is calculated based on the estimated useful life of the ...

  • Answered by AI
  • Q2. What is cash flow and bifurcate its activities?
  • Ans. 

    Cash flow is the movement of money in and out of a business. It is bifurcated into operating, investing, and financing activities.

    • Cash flow is the net amount of cash and cash equivalents that flow in and out of a business.

    • Operating activities include cash inflows and outflows related to the day-to-day operations of the business, such as sales and expenses.

    • Investing activities include cash inflows and outflows related t...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be confident and sure enough before you speak. Also they'll trick you with your technical concepts make sure you be confident enough to not be tricked and stick by your concepts.

I applied via Referral and was interviewed before May 2020. There were 5 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Concepts related to Financial Statements (Balance Sheet, P&L, Cash Flow Statement) and ratio analysis
  • Q2. Importance of Auditing
  • Ans. 

    Auditing is important to ensure accuracy, compliance, and transparency in financial reporting.

    • Auditing helps to detect and prevent fraud and errors in financial statements.

    • It ensures compliance with laws and regulations, such as the Sarbanes-Oxley Act.

    • Auditing provides assurance to stakeholders that financial information is accurate and reliable.

    • It helps to identify areas for improvement in financial management and rep...

  • Answered by AI
  • Q3. Why this company and not any other?
  • Ans. 

    I chose this company because of its strong reputation, innovative culture, and opportunities for growth.

    • The company has a proven track record of success and is highly regarded in the industry.

    • I am impressed by the company's commitment to innovation and staying ahead of the curve.

    • There are ample opportunities for professional development and advancement within the company.

    • The company's values align with my own, particul...

  • Answered by AI
  • Q4. Future career plans and how this role fits into that?
  • Ans. 

    I plan to advance my career in project management and this role aligns with my goal.

    • I have a strong interest in project management and have been actively pursuing certifications in this field.

    • This role will provide me with valuable experience in managing projects and working with cross-functional teams.

    • I believe that the skills and knowledge I gain in this role will be transferable to future project management position...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Showcase keen interest in knowing more about the role and the long term objectives of the company.

Try sticking to the point while answering questions and not deviating from the topic.

I applied via Monster and was interviewed in Mar 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Salary appraisal

Interview Preparation Tips

Interview preparation tips for other job seekers - They looking who is having 4-6 years of experience in relevant field for Cochin location.

I applied via Recruitment Consultant and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. What was your expectation from this new role?
  • Q2. Can you elaborate on your past experiences?
  • Q3. What do you want to work with EY GDS?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be as authentic as you can be when you go in for the interview. Do your homework and prepare your own questions - most interviewers at EY are sharp and ask very pertinent questions.

I applied via Campus Placement and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What is bank reconciliation?
  • Ans. 

    Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

    • It helps to identify any discrepancies between the two records.

    • It ensures that all transactions are accurately recorded in the company's books.

    • It involves matching transactions on the bank statement with transactions in the company's accounting system.

    • Any differences are investigated and resolved.

    • Examples of items...

  • Answered by AI
  • Q2. What is cash flow statement?
  • Ans. 

    Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

    • It shows the sources of cash and how it is used.

    • It is divided into three sections: operating, investing, and financing activities.

    • It helps in analyzing the liquidity and solvency of a business.

    • Example: A company's cash flow statement shows that it has a positive cash flow from operating activities,...

  • Answered by AI
  • Q3. Journal entries
  • Q4. More questions on cash flow statement by asking and example

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare basics of accounts only for technical round

Grant Thornton Bharat Interview FAQs

How many rounds are there in Grant Thornton Bharat Audit Associate interview?
Grant Thornton Bharat interview process usually has 3 rounds. The most common rounds in the Grant Thornton Bharat interview process are Aptitude Test, HR and Behavioral.
What are the top questions asked in Grant Thornton Bharat Audit Associate interview?

Some of the top questions asked at the Grant Thornton Bharat Audit Associate interview -

  1. Case study on Ind as 115. Timing of recognition as revenue of Amount provided f...read more
  2. Ind as 2 calculation of inventory cost as per f...read more
  3. Ind as 102 journal entr...read more

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Grant Thornton Bharat Audit Associate Interview Process

based on 2 interviews

Interview experience

4.5
  
Good
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Grant Thornton Bharat Audit Associate Reviews and Ratings

based on 3 reviews

4.1/5

Rating in categories

4.0

Skill development

1.6

Work-life balance

3.1

Salary

4.0

Job security

4.0

Company culture

3.5

Promotions

3.1

Work satisfaction

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