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Grant Thornton Trainee Interview Questions, Process, and Tips
Top Grant Thornton Trainee Interview Questions and Answers
- Q1. What is an associated enterprise? How many criterias to determine and what are those?
- Q2. What is Transfer Pricing? What is Arm's length price?
- Q3. What is a bank reconciliation statement?
Grant Thornton Trainee Interview Experiences
2 interviews found
Anonymous
I applied via Campus Placement and was interviewed in Nov 2023. There was 1 interview round.
(3 Questions)
- Q1. What is a bank reconciliation statement?
- Ans.
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...
- Q2. Several questions related to journal entries were asked.
- Q3. What is an audit statement?
- Ans.
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...
Interview Preparation Tips
I applied via Referral and was interviewed before Oct 2020. There were 4 interview rounds.
Interview Questionnaire
4 Questions
- Q1. The department that I was applying for was absolutely new, so very basic questions were asked since a trainee does not have any knowledge about "Transfer Pricing". Basic knowledge would be good.
- Q2. What is Transfer Pricing? What is Arm's length price?
- Ans.
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...
- Q3. How many methods are there to determine Arm's length price? Brief description would also do.
- Q4. What is an associated enterprise? How many criterias to determine and what are those?
- Ans.
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...
Interview Preparation Tips
Top trending discussions
Interview questions from similar companies
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
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
Interview Questionnaire
1 Question
- Q1. Normally they asked from CMA Syllabus
Interview Preparation Tips
Experience: Syllabus for written test is CMA Syllabus, general knowledge in Computer.
I was interviewed in Nov 2016.
Interview Questionnaire
6 Questions
- Q1. Questions were about the work I had done in my internships, General questions on core engineering topics
- Q2. Tell me about yourself?
- Ans.
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
- Q3. Your background?
- Ans.
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
- Q4. What do you do in your free time?
- Ans.
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
- Q5. Questions related to general awareness
- Q6. Discussion on the skills written on the resume.
Interview Preparation Tips
Experience: Shortlisting on data analytics background/ Management Internship experience
Round: Test
Tips: Medium level of toughness
Duration: 1 hour
Round: Technical Interview
Experience: Asked about everything written in the resume. (related to technical points)
Tips: Communicate and explain properly
Round: HR Interview
Tips: The next questions of the HR will be based on the answer that you gave to his previous one. Thoroughly read about the company.
Round: Telephonic conversation senior employes
Experience: I was asked to tell my favorite subject. Then the interviewer picked on of the subjects that I had mentioned him and asked me about what all topics I had covered on that subject. I was asked to explain every topic with proper examples.
Tips: They will test how well structures your answer is. Mention the subject fairly related to the JD.
College Name: VIT Vellore
Maulik Sheth
I was interviewed before Jun 2016.
Interview Preparation Tips
Experience: The test was pretty basic in nature with focus mainly kept on GK and general concepts. Not much to be worried about as such.
Tips: Try to keep calm and be relaxed.
Duration: 1 hour
Total Questions: 30
Round: Technical + HR Interview
Experience: Here, the panel consisted of HR manager and one Director of audit team. Both seemed pretty relaxed and welcoming. I was pretty nervous at the beginning but they made me pretty comfortable. Starting with some common topics like my hobbies, interests, etc. they gradually moved towards technical questions.
Tips: Keep calm. Prepare well for all basic concepts. In case you are unaware of the answer, be candor and tell the same.
Round: Partner Round
Experience: Generally the partner round does not involve technical questions. Here generally the partner or sometimes the directors meet the candidate just to understand the candidate and confirm that he/she shall be suitable for the organization.
Tips: Meeting someone at such high position may seem scary but it's not. The person at that position started the same way like we all so they understand well. Just be your own self and everything will fall in it's place.
Skills: Communication, Practical Application Of Concepts, Confidence
College Name: Institute Of Chartered Accountants Of India
I was interviewed in Aug 2017.
Interview Preparation Tips
Experience: Offline test. Mostly concerned with data sufficiency, geometry and age relations and such apti questions. In verbal part there was sentence equivalence and completion questions. Small RC passages were as well.
Round: Technical Interview
Experience: I was mostly asked some problems and approaches of mathematics and I had been asked about an algorithm I implemented in one of my research project.
College Name: Jadavpur University, Kolkata
Interview Preparation Tips
Experience: Questions were bit tough
Round: Technical + HR Interview
Experience: It was a telephonic round and consisted of basic HR questions and few more technical questions.
College Name: NIT Durgapur
Interview Questionnaire
6 Questions
- Q1. I was asked why Consulting,
- Q2. About the Company,
- Q3. What is the Current Exchange rate
- Ans.
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
- Q4. Taking cue from an earlier answer I was asked basics of Corporate Hedging
- Q5. What is your view on the indian rupee vs dollar in the long run
- Ans.
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...
- Q6. A problem was given and I had to give the solution- the problem was “A company has corporate cellphone connection for its employees. How would you ensure that you achieve the same at the least cost?”
- Ans.
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
Interview Preparation Tips
Experience: I was able to explain Why Consulting and also showed a keen interest in Government Consulting which Wipro was heavily into.
General Tips: A non-fish-market GD goes a long way in helping your chances
Skills: case analysis, group discussion
College Name: NA
Interview Questionnaire
12 Questions
- Q1. What is the major attributes that a consultant should possess?
- Ans.
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...
- Q2. What are your positives as a consultant?
- Q3. Why consulting?
- Q4. Why not finance, marketing and HR (individually)?
- Ans.
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, ...
- Q5. What is your major drawback that you faced working as a consultant in your previous organization?
- Ans.
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
- Q6. What do you know about the company?
- Ans.
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 ...
- Q7. Why do you want to join this company?
- Q8. What are the key factors that need to be in place while creating a client solution?
- Ans.
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
- Q9. A small business scenario, and asked me the approach to problem solving (the problem was similar to the ones I used to handle during my work ex)
- Q10. General work ex, my domain, knowledge, background, experience of interacting with clients
- Q11. The service I was working on and my learnings on the same
- Q12. Also the interviewer asked me-What is one thing that u can ask me which will convince u that wipro is the company for you
Interview Preparation Tips
Experience: They also asked me questions related to my Work Experience-
Round: Group Discussion
Experience: Group Discussion: Topic was “Impact of small business on Indian Economy”.We generally discussed the small industries and entrepreneurial attitude but the panel also expected us to discuss the mom and pop stores as well
General Tips: My prior work experience was a major boost. A comprehensive knowledge of what I was doing before helped me present myself in a strong position.2. Display interest in the company. Knowing in detail about wipro’s consulting line of work helped me a lot.3. Positive body language, confidence adds.4. Display love for the profile/field you were applying to.5. Justify all that you have done in life till now. The business case study which he asked me was similar to what I used to face during my work ex. A practical & logical approach with explanations established my consulting experience.
Skills: Economics, case Analysis
College Name: NA
Skills evaluated in this interview
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Grant Thornton Trainee Interview Process
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