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Grant Thornton Bharat Interview Questions, Process, and Tips
Top Grant Thornton Bharat Interview Questions and Answers
- Q1. Ind as 109- recognition of Financial asset, Financial Liability and equity.asked in Consultant interview
- Q2. Case study on Ind as 115. Timing of recognition as revenue of Amount provided for training employees for a specific assignmentasked in Audit Associate interview
- Q3. What is the difference between Internal Financial Control (IFC) and general internal control?asked in Statutory Audit Manager interview
Grant Thornton Bharat Interview Experiences
71 interviews found
Dhruva Koolwal
Selected
I applied via Referral and was interviewed before Jul 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Why you want to join GT?
- Ans.
I want to join GT because of their reputation for providing excellent training and opportunities for growth.
GT has a strong reputation in the industry for providing top-notch training and development programs.
I believe that joining GT will provide me with the necessary skills and experience to excel in my career.
I am impressed by the opportunities for growth and advancement that GT offers to its employees.
I have heard ...
- Q2. Tell me something about yourself
- Ans.
I am a dedicated and hardworking individual with a passion for learning and growth.
I recently graduated with a degree in Accounting and am eager to pursue a career in finance.
I have completed internships at two different accounting firms, where I gained valuable experience in financial analysis and reporting.
In my free time, I enjoy reading books on personal finance and investing to further enhance my knowledge in the
(2 Questions)
- Q1. Please explain some provision of CARO 2020.
- Ans.
CARO 2020 includes reporting requirements for auditors of companies.
CARO 2020 requires auditors to report on internal financial controls and their adequacy.
It mandates reporting on compliance with provisions of applicable laws and regulations.
Auditors must report on the maintenance of proper records and timely preparation of financial statements.
CARO 2020 also requires reporting on the existence of any fraud by or agai...
- Q2. Case study based question in Auditors chapter
Article Trainee Interview Questions asked at other Companies
Selected
I was interviewed in Dec 2024.
(2 Questions)
- Q1. Can you provide details about yourself and your experience with field work?
- Ans.
I have extensive experience in field work, including conducting surveys, collecting data, and interacting with stakeholders.
Conducted surveys in rural areas to gather data on agricultural practices
Collected water samples from various sources for testing and analysis
Interacted with local communities to understand their needs and challenges
Managed a team of field workers to ensure efficient data collection and reporting
- Q2. What is your previous experience in the development sector?
- Ans.
I have worked for 2 years in a non-profit organization focused on community development projects.
Managed fundraising campaigns to support education programs
Collaborated with local government agencies to implement infrastructure projects
Conducted impact assessments to measure the effectiveness of initiatives
(1 Question)
- Q1. How would you describe your fieldwork experience, particularly in terms of identifying issues with Self-Help Groups (SHGs) during your village fieldwork segment?
- Ans.
My fieldwork experience with Self-Help Groups involved identifying issues and providing solutions for their development.
Conducted interviews and surveys to understand the challenges faced by SHGs
Identified lack of financial literacy and access to credit as major issues
Suggested training programs on financial management and facilitated linkages with banks
Addressed issues of group dynamics and leadership within SHGs
Imple...
Management Trainee Interview Questions asked at other Companies
I applied via Referral and was interviewed in Dec 2024. There was 1 interview round.
(3 Questions)
- Q1. What is the difference between Internal Financial Control (IFC) and general internal control?
- Ans.
IFC focuses on financial reporting reliability, while general internal control covers overall operations and compliance.
IFC specifically targets financial reporting processes and controls
General internal control encompasses all aspects of operations and compliance
IFC ensures accuracy and reliability of financial statements
General internal control aims to safeguard assets and ensure compliance with laws and regulations
E...
- Q2. What is Ind AS 115 and what are its key provisions?
- Ans.
Ind AS 115 is a new revenue recognition standard that replaces existing revenue recognition standards.
Ind AS 115 is based on the principle that revenue should be recognized when goods or services are transferred to customers at the amount the entity expects to be entitled to.
It introduces a five-step model for revenue recognition: identify the contract, identify the performance obligations, determine the transaction pr...
- Q3. Do you include the client in the loop during the external confirmation process?
- Ans.
Yes, it is important to include the client in the external confirmation process for transparency and accuracy.
Client involvement ensures transparency in the audit process
Clients can provide additional context or explanations for discrepancies
Client confirmation adds credibility to the audit findings
Statutory Audit Manager Interview Questions asked at other Companies
Hitesh Gupta
I applied via Campus Placement and was interviewed in Nov 2024. There were 4 interview rounds.
Not convenient with GD
E mail writing and research related questions
(1 Question)
- Q1. Related questions regarding mail writing, excel
(1 Question)
- Q1. Discussion with hr regarding with JD and work
Compliance Associate Interview Questions asked at other Companies
Grant Thornton Bharat interview questions for popular designations
Selected
I applied via Naukri.com and was interviewed in Jul 2024. There were 2 interview rounds.
(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 ...
- 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...
- 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...
(1 Question)
- Q1. Questions based off resume
Interview Preparation Tips
Audit Associate Interview Questions asked at other Companies
Get interview-ready with Top Grant Thornton Bharat Interview Questions
I applied via Naukri.com and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. Explain P2p PROCESS
- Q2. Identify fraud risks
Interview Preparation Tips
Senior Consultant Interview Questions asked at other Companies
Basic accounting problems and concepts with simple logical reasoning questions.
(1 Question)
- Q1. If the clients annual income is Rs. 1400000 what is their tax liability?
- Ans.
Tax liability for a client with an annual income of Rs. 1400000.
Calculate the tax liability based on the income tax slabs applicable in the country.
Consider any deductions or exemptions that the client may be eligible for.
Consult a tax professional or use an online tax calculator for accurate results.
Tax Analyst Interview Questions asked at other Companies
Mohit Agarwal
Selected
I applied via Naukri.com and was interviewed in Jun 2024. There was 1 interview round.
(2 Questions)
- Q1. Deferred Tax Asset or Liability
- Q2. Ind as 115 revenue recognition
Interview Preparation Tips
Auditor Interview Questions asked at other Companies
I applied via Referral and was interviewed in Jan 2024. There were 3 interview rounds.
(4 Questions)
- Q1. Why Grant thornton?
- Ans. Sir GT is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...
- Q2. Why stat audit?
- Ans.
Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.
It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.
Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...
- Q3. How would you receive negative comments?
- Q4. Where do you see yourself after 5 years?
(1 Question)
- Q1. What is materiality? Difference between overall and performance materiality?
- Ans.
Materiality refers to the significance or importance of an item or event in relation to financial statements.
Materiality is a concept used in auditing and accounting to determine the relevance of information.
It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.
Materiality is subjective and depends on the nature and size of the entity bein...
(1 Question)
- Q1. Basic discussion
Interview Preparation Tips
- Advanced Excel
Article Assistant Interview Questions asked at other Companies
Topic - Digital Payment
(2 Questions)
- Q1. What you can bring to this table?
- Q2. Excel Questions - All Lookup
Summer Intern Interview Questions asked at other Companies
Chhotu
(2 Questions)
- Q1. How many golf ball can fit in Apache helicopter
- Q2. How many cricket bats are used anytime in India
- Ans.
It is impossible to accurately determine the exact number of cricket bats used at any given time in India due to the vast number of players, teams, and matches taking place across the country.
There are millions of cricket players in India, each potentially using multiple bats.
Cricket is a popular sport in India, with matches happening at various levels from local to international.
Different types of cricket bats are use...
Interview Preparation Tips
Strategy Consultant Interview Questions asked at other Companies
Grant Thornton Bharat Interview FAQs
Some of the top questions asked at the Grant Thornton Bharat interview -
The duration of Grant Thornton Bharat interview process can vary, but typically it takes about less than 2 weeks to complete.
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Grant Thornton Bharat Interviews By Designations
- Grant Thornton Bharat Consultant Interview Questions
- Grant Thornton Bharat Senior Consultant Interview Questions
- Grant Thornton Bharat Management Trainee Interview Questions
- Grant Thornton Bharat Audit Associate Interview Questions
- Grant Thornton Bharat Senior Associate Interview Questions
- Grant Thornton Bharat Assistant Manager Interview Questions
- Grant Thornton Bharat Summer Intern Interview Questions
- Grant Thornton Bharat Associate Interview Questions
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Interview Questions for Popular Designations
- Consultant Interview Questions
- Senior Consultant Interview Questions
- Associate Interview Questions
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Grant Thornton Bharat Interview Process
based on 66 interviews
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