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I applied via Referral and was interviewed in Aug 2023. There were 2 interview rounds.
Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.
Audit involves reviewing financial records, statements, or operations
It aims to ensure accuracy, compliance with laws and regulations, and identify any discrepancies or fraud
Auditors gather evidence, analyze data, and report findings to stakeholders
Types of audits include financi...
The purpose of audit is to provide an independent assessment of an organization's financial statements or processes to ensure accuracy, compliance, and efficiency.
Ensuring accuracy of financial statements
Evaluating compliance with laws and regulations
Identifying areas for improvement in processes and controls
Providing assurance to stakeholders
Detecting and preventing fraud or errors
Enhancing transparency and accountabi...
Ratios are used to analyze financial performance and efficiency of a company.
Profit Margin: Net income divided by total revenue, shows how much profit a company makes for every dollar of sales.
Current Ratio: Current assets divided by current liabilities, measures a company's ability to pay its short-term obligations.
Debt-to-Equity Ratio: Total debt divided by total equity, indicates the proportion of debt used to finan...
The golden rule of accounting states that debit what comes in and credit what goes out.
Debit what comes in and credit what goes out
Assets = Liabilities + Equity
Helps maintain the balance in financial statements
Financial statements provide a snapshot of a company's financial health, including assets, liabilities, and equity. Trial balances ensure accuracy of financial records.
Financial statements serve to provide stakeholders with an overview of a company's financial performance and position.
Components of financial statements include balance sheet, income statement, cash flow statement, and statement of changes in equity.
Bala...
Depreciation is the allocation of the cost of a tangible asset over its useful life. Land does not depreciate.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is calculated using methods such as straight-line, double declining balance, or units of production.
Land is not depreciated because it is considered to have an indefinite useful life.
Journal entries for depreciation ...
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I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
Requisition: Requesting the purchase of goods or services
Purchase Order: Formal document outlining the details of the purchase
Receipt of Goods/Services: Confirming delivery and quality
Invoice Processing: Verifying the invoice against the purchase order and receipt
Payment: Issuing payment to the vend
I applied via Campus Placement and was interviewed before May 2020. There were 4 interview rounds.
I applied via Naukri.com and was interviewed before Apr 2020. There were 5 interview rounds.
I was interviewed before Mar 2021.
I applied via Walk-in and was interviewed before May 2019. There was 1 interview round.
I applied via Campus Placement and was interviewed before Jul 2020. There were 3 interview rounds.
I applied via Recruitment Consultant and was interviewed before Sep 2020. There were 3 interview rounds.
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