Guidehouse Associate Interview Questions and Answers

Q1. Types of derivative
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Types of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.

• Futures are contracts to buy or sell an asset at a specified price on a future date.

• Forwards are similar to futures but are ...read more
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Q2. How u work under pressure
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Q3. Diff between IRS & TRS
Ans. 
IRS is the Internal Revenue Service responsible for collecting taxes in the US, while TRS is the Teacher Retirement System providing retirement benefits for educators.
• IRS stands for Internal Revenue Service and is responsible for collecting taxes in the United States.

• TRS stands for Teacher Retirement System and provides retirement benefits for educators.

• IRS deals with tax collection and enforcement, while TRS focuses o...read more
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Q1. Technical related to Excel
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Q2. General introduction
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Q3. Condition based questions
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Q1. What are the schedules in form 1120
Ans. 
Schedules in form 1120 are additional forms used to report specific types of income, deductions, and credits for corporations.
• Schedule A - Cost of Goods Sold

• Schedule D - Capital Gains and Losses

• Schedule J - Accumulated Earnings and Profits

• Schedule K - Shareholders' Information

• Schedule M-1 - Reconciliation of Income (Loss) per Books With Income per Return
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Q2. What are the most common m adjustments and what are the types of m adjustments.
Ans. 
The most common M adjustments in accounting are related to depreciation, amortization, and accruals.
• Depreciation: Adjusting the value of fixed assets over time to reflect their decrease in value.

• Amortization: Spreading the cost of intangible assets over their useful life.

• Accruals: Recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Prepaid expenses: Allocating expenses that ha...read more
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Maths English quants and qualitative questions, just like any other aptitude test but was averagely difficult

Followed by video round

Structured Case study
1hour
Answer the questions using available information

Q1. Case study discussion with a consultant/AC Discussion on the answers written
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Q2. Tell me about yourself Generic questions
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Q1. Aptitude round One on one with Manager/Senior
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Q2. Guesstimates Situation based questions/what would you do/How would you deal with a problem Why Zs Why this profile Generic interview questions
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Q1. Interview with leadership
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Q2. Why ZS Life based questions Anything can be asked Personality and attitude is mainly checked
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Scenario based case studies and questions

Finance related questions