IB Monotaro Interview Questions and Answers

Q1. Differnce between indas and as treatment
Ans. 
IND AS refers to Indian Accounting Standards while AS refers to Accounting Standards. IND AS is converged with IFRS while AS is not.
• IND AS is converged with IFRS (International Financial Reporting Standards) while AS is not.

• IND AS is applicable to certain class of companies based on criteria like net worth, turnover, etc. while AS is applicable to all companies.

• IND AS focuses on principles-based approach while AS focus...read more
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Q2. Give indas 115 treatment
Ans. 
Ind AS 115 is a new revenue recognition standard that impacts how revenue is recognized in financial statements.
• Ind AS 115 replaces the existing revenue recognition standards and introduces a five-step model for recognizing revenue.

• The core principle of Ind AS 115 is to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity ex...read more
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Q1. Why Join our company
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Ordered to do about 4 tasks of the job requirement

Q1. Tell me your strength and weakness
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Q1. In first round interviewers try to understand the candidate job responsibility in their current company
Ans. Candidate should be honestly present the he is current company role and responsibilities front of the interview were
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Q2. Interview always trying to know how much time candidate will take the join the company
Ans. Candidate ans the honestly what notice period he need to serve in existing company
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Q1. About my work experience at previous orgs
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Q2. How to increase assortment, ramp up VA, how to manage catalog quality, scale up margins
Ans. 
To increase assortment, ramp up VA, manage catalog quality, and scale up margins, we need to focus on data-driven decision making, optimizing supply chain, and leveraging technology.
• Analyze customer data to identify demand patterns and adjust assortment accordingly

• Implement a robust supply chain management system to reduce costs and improve efficiency

• Use technology such as AI and machine learning to optimize pricing an...read more
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Q1. With CEO- why do you want to shift to IB
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Q1. CFO- do you know cm, margin etc. pnL elements
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Q1. Supply chain design at grocery ecommerce
Ans. 
Designing an efficient supply chain for grocery ecommerce involves optimizing inventory management, transportation, and delivery logistics.
• Implementing a real-time inventory management system to ensure accurate stock levels

• Partnering with local suppliers to reduce transportation costs and improve freshness

• Utilizing data analytics to optimize delivery routes and reduce delivery times

• Implementing a flexible and scalable ...read more
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Q1. COO- can you take care of all my and comoany problems? , inefficiency, gaps, incompetence etc
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