HCLTech Assistant Manager Finance Interview Questions and Answers

Q1. What you know about ind as
Ans. 
Ind AS stands for Indian Accounting Standards which are converged with International Financial Reporting Standards (IFRS).
• Ind AS are a set of accounting standards notified by the Ministry of Corporate Affairs (MCA) in India.

• They are based on IFRS and are mandatory for certain companies to follow.

• Ind AS aim to bring transparency, comparability, and consistency in financial reporting.

• They cover various aspects of account...read more
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Q2. TDS compliances and 194c
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Q1. Working experience communication skills
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Q2. Finance accounts marketing before question interview
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Q3. Digital experience
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Q1. Marketing finance information technology human rescoures
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Q2. Questions answers good company
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General Aptitude test on Finance, language and logical reasoning

Q1. Journals Entries
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Q2. Finance Scenario Questions
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Q3. Eligibility for Relocation
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Q4. Treatment of different costs
Ans. 
Different costs are treated differently based on their nature and impact on financial statements.
• Different costs are classified as either variable or fixed costs.

• Variable costs change with the level of production or sales, while fixed costs remain constant.

• Some costs are considered direct costs, directly attributable to a specific product or service.

• Other costs are indirect costs, not directly traceable to a specific p...read more
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Q5. Revenue recognition
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Q1. Golden rules of accounting
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more
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Q1. What is TDS under income tax
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TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.
• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more
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Q1. Tell me about yourself.
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Q1. About the previous work experience
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Q2. How to we handle the client escalation
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Q1. Self introduction
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Q2. What is your Strength
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