Hiregange & Associates Interview Questions and Answers

Reasoning and english round was there

Q1. Current assest definition
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Current assets are assets that can be converted into cash within a year.
• Current assets are listed on the balance sheet and include cash, accounts receivable, inventory, and prepaid expenses.

• They are important for assessing a company's liquidity and ability to pay off short-term debts.

• Examples of current assets include cash in hand, short-term investments, accounts receivable, inventory, and prepaid expenses.

• Current ass...read more
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Q2. Explain accounting standard 17
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AS 17 deals with segment reporting in financial statements.
• AS 17 requires companies to report financial information about their operating segments, which are components of the company that generate revenue and incur expenses.

• The standard defines how to identify and report operating segments, and requires disclosure of segment revenue, profit or loss, assets, liabilities, and other information.

• Segment reporting helps us...read more
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Audit, Accounts, Tax and General Knowledge

Q1. Can you describe your background and family situation?
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Q2. How do you ensure that you meet deadlines effectively?
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Q1. Accounts questions basic (concept based)
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Q2. Taxation questions basic (concept based)
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Q1. What makes you a suitable candidate for this position?
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Q2. Can you describe a specific instance when you achieved success as part of a team?
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Average questions asked on QA, logical reasoning

Q1. Tell me about yourself
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Q1. Technical knowledge of ca INTER
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Q1. BRD FRD explain difference
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BRD focuses on business requirements, while FRD focuses on functional requirements.
• BRD (Business Requirements Document) outlines the business objectives and goals that the project aims to achieve.

• FRD (Functional Requirements Document) details the specific functions and features that the system must have to meet the business requirements.

• BRD is more high-level and focuses on the 'what' of the project, while FRD is more ...read more
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Q2. Regression statistics explain definitions
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Regression statistics explain relationships between variables in a dataset.
• Regression statistics help in understanding the relationship between a dependent variable and one or more independent variables.

• It provides information on the strength and direction of the relationship.

• Common regression statistics include R-squared, coefficients, p-values, and standard errors.

• Regression analysis can be used to make predictions b
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Q1. About your previous work
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Q1. How will you handle situations
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Q2. Risk of material misstatement procedure
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Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
• The procedure involves understanding the entity and its environment, including internal controls.

• It also includes assessing the risks of material misstatement due to fraud or error.

• The auditor then designs and performs audit procedures to address the identified risks.

• Examples of procedures inc...read more
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Can artifical intelligence replace humans

Q1. Resume based interview
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Q2. What is your job role
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Q3. Hobbies and deep discussion about it
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