Guru & Jana Chartered Accountants Qualified Associate Interview Questions and Answers

Q1. Tell me something about your self
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Q2. Why KPMG and not others
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Q1. Details about IFRS 15 with examples
Ans. 
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
• IFRS 15 provides a single, comprehensive revenue recognition model for all contracts with customers.

• It requires entities to identify performance obligations in a contract and allocate the transaction price to each obligation based on their standalone selling prices.

• Revenue is recognized when control ...read more
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Q2. Scenario based questions
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Q3. How to test debtors more than 3 years
Ans. 
Testing debtors more than 3 years involves thorough analysis of financial records and communication with debtors.
• Review financial statements for outstanding debts older than 3 years

• Contact debtors directly to inquire about the status of the debt and attempt to collect payment

• Consider legal action if necessary to recover the debt

• Evaluate the likelihood of collecting the debt and adjust financial records accordingly
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Q1. Related to audit process and IFRS
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Q1. General discussion on audit and mainly they focus on the communication skills here
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Q1. Procuremnt process and key point dteails and current job KRA,
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Case study of process and identify the gaps in given scenrio

India as a cash economy

Accounts questions were asked

Q1. Tell me about yourself
Ans. 
Experienced consultant with a background in business strategy and project management.
• Over 5 years of experience in consulting roles

• Specialize in developing and implementing business strategies

• Skilled in project management and client relationship management

• Previously worked with Fortune 500 companies on strategic initiatives
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Q2. Questions on every term, education internship written in resume
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Q3. Three interviews were conducted, 2 were HR questions +technical and third was interviewed by Partner
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Q1. Why you want to join
Ans. 
I am passionate about the industry and believe I can contribute positively to the team.
• Passionate about the industry and eager to learn and grow

• Believe my skills and experience align well with the company's goals

• Excited about the opportunity to work with a talented team and make a meaningful impact
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Q2. How you would be beneficial
Ans. 
I would be beneficial by bringing a strong work ethic, excellent communication skills, and a proven track record of success.
• Strong work ethic - consistently meeting deadlines and exceeding expectations

• Excellent communication skills - ability to effectively communicate with team members and clients

• Proven track record of success - previous achievements and positive feedback from supervisors
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Q1. Previous experience related questions Basic audit and accounts questions
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Q1. General knowledge Presence of mind Case study
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Topic was ban on import from china, 15 min group of 8

Q1. Topic is given on the spot and you have to speak about it for 2 min
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