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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
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
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
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2JR19EC420_SPOORTI
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It was basic questions of maths and logical reasoning
It’s related to behavioural question fully
(2 Questions)
- Q1. Interviewer asked questions related to the field which I studied 3 to 4 questions example fullwave and half wave difference
- Q2. Also checked our communication through the story telling
Interview Preparation Tips
(1 Question)
- Q1. What is pv and whats its use
- Ans.
PV stands for Present Value and is used in finance to calculate the current value of a future sum of money.
PV is used to determine how much a future sum of money is worth in today's dollars.
It is commonly used in financial analysis, investment decisions, and loan calculations.
The formula for PV is: PV = FV / (1 + r)^n, where FV is the future value, r is the discount rate, and n is the number of periods.
For example, if ...
It was interactive session . topic given was sustainable resources.
(2 Questions)
- Q1. Basic hr questions
- Q2. Tell me about yourself, where do you see yourself in 5 years
- Ans.
I am a motivated individual with a passion for learning and growth. In 5 years, I see myself as a successful professional in my field, taking on more responsibilities and contributing to the growth of the organization.
Continuing to enhance my skills and knowledge through training and development opportunities
Taking on leadership roles within the company
Contributing to the success and growth of the organization
Building ...
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Apr 2023. There were 4 interview rounds.
(1 Question)
- Q1. Tell me about yourself
This is only for freshers
(6 Questions)
- Q1. Tell me about yourself
- Q2. Why do you wanna join this company?
- Q3. Basic of reinsurance
- Q4. Who is your role model?
- Q5. Where do you see yourself in 5 years?
- Q6. Are you happy with salary and working hours?
(1 Question)
- Q1. All the questions revolve around knowing you as a person
Interview Preparation Tips
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(1 Question)
- Q1. Why would you choose bcg?
Trainee Interview Questions & Answers
Automatic Data Processing (ADP)
Anonymous
posted on 7 Nov 2023
I applied via campus placement at Vidya Jyothi Institute of Technology, Hyderabad and was interviewed in May 2023. There were 3 interview rounds.
All aptitude concepts
Basic coding problems
(2 Questions)
- Q1. He will ask what you mentioned in the resume and what you learnt in your college course
- Q2. About dsa, sorting and searching techniques, oops concepts
I applied via Walk-in and was interviewed in Oct 2022. There were 2 interview rounds.
(1 Question)
- Q1. Introduction, comfortable with the shift.
(2 Questions)
- Q1. Introduction, Family background, comfortable with the shift, further studies.
- Q2. Where you will see yourself after 3 years?
Interview Preparation Tips
I applied via Walk-in and was interviewed before Oct 2021. There was 1 interview round.
(2 Questions)
- Q1. Personal, education and skills
- Q2. Family background, education details and flexibility
Interview Preparation Tips
- Financial Analysis
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Grant Thornton Trainee Interview Process
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