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I applied via Campus Placement and was interviewed in Nov 2023. There was 1 interview round.
A bank reconciliation statement is a document that compares the balance in a company's bank account with the balance shown on the bank statement.
It helps identify any discrepancies between the two balances, such as outstanding checks or deposits in transit.
The statement typically includes adjustments for items like bank fees, interest earned, and errors.
The goal of a bank reconciliation statement is to ensure the accur...
An audit statement is a formal declaration of the findings and conclusions of an audit process.
An audit statement summarizes the results of an audit, including any discrepancies or areas of concern.
It is typically issued by the auditor or auditing firm to the client or relevant stakeholders.
The statement may include recommendations for improvement or corrective actions.
Examples of audit statements include financial aud...
I applied via Referral and was interviewed before Oct 2020. There were 4 interview rounds.
Transfer pricing is the practice of determining the value of goods or services exchanged between related entities. Arm's length price is the price at which unrelated parties would transact.
Transfer pricing is used by multinational companies to allocate profits and taxes between different countries.
It involves setting prices for goods and services that are transferred between different subsidiaries of the same company.
T...
An associated enterprise is a company that has a significant influence over another company's operations.
An associated enterprise is determined by the level of control or influence it has over another company.
There are six criteria to determine if a company is an associated enterprise.
These criteria include ownership, control, management, financial transactions, technology, and business operations.
For example, if Compa...
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I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.
I was interviewed in Nov 2016.
I am a dedicated and experienced consultant with a strong background in problem-solving and client management.
Over 5 years of experience in consulting roles
Skilled in analyzing data and providing strategic recommendations
Proven track record of successful project implementations
Excellent communication and interpersonal skills
Client-focused approach to problem-solving
Experienced consultant with a background in finance and project management.
10+ years of experience in finance and project management
Strong analytical and problem-solving skills
Proven track record of successful project implementations
Experience working with cross-functional teams
Certified in project management (PMP)
Previous clients include Fortune 500 companies such as XYZ Corp
In my free time, I enjoy hiking, reading, and trying out new recipes.
Hiking in local trails and national parks
Reading fiction and non-fiction books
Experimenting with cooking and baking new dishes
I was interviewed before Jun 2016.
I was interviewed in Aug 2017.
The current exchange rate varies depending on the currency pair and market conditions.
Exchange rates are constantly fluctuating based on supply and demand
Factors such as political events, economic data, and central bank decisions can impact exchange rates
For example, as of August 2021, the exchange rate for USD to EUR is approximately 0.85
The Indian rupee is expected to depreciate against the dollar in the long run.
The Indian economy is heavily dependent on imports, which puts pressure on the rupee.
The US economy is expected to grow faster than India's, which will strengthen the dollar.
Political and economic instability in India can also weaken the rupee.
However, global events such as trade wars and geopolitical tensions can also impact the exchange rat...
Negotiate with service providers for bulk discounts and limit data usage to essential business needs.
Negotiate with service providers for bulk discounts
Limit data usage to essential business needs
Consider implementing a BYOD (Bring Your Own Device) policy
Use mobile device management software to monitor and control usage
Encourage employees to use Wi-Fi instead of cellular data when possible
A consultant should possess strong analytical skills, effective communication, adaptability, and industry expertise.
Strong analytical skills to identify problems, analyze data, and provide effective solutions.
Effective communication to clearly convey ideas, build relationships, and present recommendations.
Adaptability to work in diverse environments, handle unexpected challenges, and adjust strategies accordingly.
Indus...
Consultant role requires a broader skill set and the ability to provide holistic solutions.
Consultants need to have a deep understanding of various business functions and how they interact.
They are expected to provide comprehensive solutions that address multiple aspects of a problem.
Finance, marketing, and HR are important components of a business, but a consultant needs to go beyond individual functions.
For example, ...
My major drawback as a consultant in my previous organization was my lack of experience in a specific industry.
Lack of industry-specific knowledge
Difficulty in understanding the unique challenges faced by clients
Limited network and connections in the industry
Less credibility due to lack of experience
Need for extensive research and learning before providing effective solutions
The company is a leading consulting firm specializing in providing strategic advice and solutions to businesses.
The company has been in operation for over 10 years.
They have a team of experienced consultants with expertise in various industries.
They offer services such as market research, financial analysis, and business strategy development.
Some of their notable clients include Fortune 500 companies and startups.
They ...
Key factors for creating a client solution
Understanding client's needs and goals
Identifying potential challenges and limitations
Developing a customized solution
Ensuring scalability and flexibility
Providing ongoing support and maintenance
Collaborating with the client throughout the process
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Deloitte
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