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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 Resume 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

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 10 May 2018

I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Solve few SQL joins.
  • Q2. .Net developer profile and the technologies I can get, everything was eye wash post joining

Interview Preparation Tips

Round: Manager + Lead round (not sure what kind of round is this)
Experience: details about the work profile, most of which never happened post joining.

General Tips: If you come from technical background, please do not join PwC SDC and jeopardize our career. There is no technical setup, neither any infrastructure, technical work wont just happen except for few bits n pieces UI work here n there. This is not a company for technical people.
Skills: Communication
Duration: 1-4 weeks

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 13 May 2018

Interview Questionnaire 

1 Question

  • Q1. Normally they asked from CMA Syllabus

Interview Preparation Tips

Round: Test
Experience: Syllabus for written test is CMA Syllabus, general knowledge in Computer.

I applied via Referral and was interviewed before Oct 2019. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About past experience.

Interview Preparation Tips

Interview preparation tips for other job seekers - The interview was technical one. Mostly on my previous experience. I was for about 40 minutes. After you clear technical round there will be online communication test which includes listening skills, writing skills, etc. Best of luck.

I applied via Company Website and was interviewed before Mar 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

Online aptitude test with English grammar and math skills

Round 2 - HR 

(3 Questions)

  • Q1. What is your family background?
  • Q2. Tell me about yourself.
  • Q3. What have you studied so far

Interview Preparation Tips

Interview preparation tips for other job seekers - Be positive and you will crack the interview

I applied via Walk-in

Interview Questionnaire 

1 Question

  • Q1. What do you think is supply chain consulting all about? Should HUL enter the Rural Markets? Do these rural consumers have even the purchasing power? What format HUL should adopt Different Trac...
  • Ans. 

    Supply chain consulting involves optimizing and improving the flow of goods and services from suppliers to customers.

    • Supply chain consulting focuses on analyzing and improving the efficiency of the supply chain process.

    • It involves identifying bottlenecks, reducing costs, and enhancing customer satisfaction.

    • Consultants may suggest strategies for inventory management, transportation, and distribution.

    • They may also recomm...

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: This was an unstructured multiple case/scenario based interview and needed on spot thinking and some knowledge about the retail scenario in Indian Urban/Rural spaces. Interviewer was looking always doubtful about my ideas and was challenging the thoughts in between with some facts from his experience. What helped that I maintained my calm and followed a firm and informed stand on issues and gave relevant examples (like HUL’s Re 1 Shampoo sachet success in low income group people).
I presented my thoughts clearly and convincingly with examples of rural people buying luxury items as well and gave a few statistics about the size of urban vs rural markets in India. I further went on with examples of ITC retail, which was going successfully in integrating its rural retail business with agri-procurement channel (e-chaupal). Gave a few creative ideas about 2-3 possible new formats.

Skills: Case Solving Ability, Case Analysis
College Name: Indian School Of Business (ISB)

Interview Questionnaire 

1 Question

  • Q1. Basic accounting terms

Interview Preparation Tips

Round: Test
Experience: easy multiple choice questions
Tips: brush up verbal reasoning, quantitative ability and logical reasoning.
Duration: 30 minutes

Round: Group Discussion
Experience: a smooth group discussion without much interruptions.
Tips: stay calm and wait for your turn. it is always better to let the others put forward there points and then counter it. never interrupt anyone because such an act would lead to a debate and not a team discussion.

Round: Technical Interview
Experience: it is a good experience when you know the answers to most of the questions.
Tips: having a calm and confident mind always helps. do take your time to answer a question because taking time and answering correctly is always better than giving the wrong answer.

Round: HR Interview
Tips: it is good to have direct answers for the questions relating to one's time commitments and future plans.

Skills: communication skills, technical skills
College Name: sgtb khalsa college
Motivation: part of the big 4 accounting firms

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 17 Jan 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: I first created a master resume and got it reviewed by others.
Tips: Spend enough time in preparing your master resume. Have a resume ready for all the sectors you are targeting. Start as early as possible and get your one page resume ready well in time before the deadline.

Round: Test
Tips: Practice a lot. Prefer practicing in a group and attempt timed tests. Also try out puzzles.

Round: Interview
Experience: There were two rounds, each with a single member panel.
They asked a few HR questions initially followed by a case study. The HR questions were diverse, like how would you handle different scenarios in work and about books I read. I was grilled with these questions.
The case was easy but I presented it in an unstructured manner, but I was able to give a decent solution in the end.

Round: Interview
Experience: The second round started off with a case in which I performed relatively better. The interviewer then asked me if I had any questions for him, and that's when I started talking about the analytics industry. This went on for 15 minutes, and I think this sealed the deal for me.

General Tips: Identify the companies you want to target. Be pragmatic in your choice and prepare accordingly. n
Prepare in a group.
Remember that Resume is one important aspect.
College Name: IIT KANPUR

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 20 Jan 2015

Interview Questionnaire 

5 Questions

  • Q1. Why PWC?
  • Ans. 

    PWC is a leading global professional services firm with a strong reputation for excellence and innovation.

    • PWC has a diverse range of clients across various industries

    • PWC offers a wide range of services including audit, tax, and consulting

    • PWC has a strong focus on innovation and technology

    • PWC provides excellent opportunities for career growth and development

    • PWC has a strong commitment to corporate responsibility and sus

  • Answered by AI
  • Q2. What do you know about PWC?
  • Ans. 

    PWC is a multinational professional services network.

    • Provides audit, tax, and consulting services to various industries

    • Has a presence in over 157 countries

    • Ranked as the world's second-largest professional services network

    • Clients include major corporations, governments, and non-profit organizations

  • Answered by AI
  • Q3. Strengths and weaknesses
  • Q4. Location preference
  • Q5. Random questions:-How do earthquakes occur? What is metamorphosis?
  • Ans. 

    Earthquakes occur due to the movement of tectonic plates. Metamorphosis is the process of transformation in living organisms.

    • Earthquakes occur when two tectonic plates move against each other, causing a release of energy in the form of seismic waves.

    • Metamorphosis is a process of transformation in living organisms, where an organism undergoes a physical change in form and structure.

    • Examples of metamorphosis include the ...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: CAT type questions were asked.
Duration: 60 minutes

Round: Technical Interview
Experience: As it was open for all departments, questions of a general kind about project and internship were asked. Favourite area and basic questions on it.

Round: HR Interview
Tips: Looking for people with good communication skills.

General Tips: If performance is good, chance to move to the consulting arm from the accounting arm, which handles financial advisory, etc.
College Name: IIT KANPUR
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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 HR, Behavioral and Technical.
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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