Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by IBS Software Services Team. If you also belong to the team, you can get access from here

IBS Software Services Verified Tick

Compare button icon Compare button icon Compare

Filter interviews by

IBS Software Services Finance Executive Interview Questions, Process, and Tips

Updated 14 Jun 2024

Top IBS Software Services Finance Executive Interview Questions and Answers

View all 9 questions

IBS Software Services Finance Executive Interview Experiences

3 interviews found

I applied via Approached by Company and was interviewed in Aug 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(9 Questions)

  • Q1. Heads of income
  • Q2. Tds on professional payment
  • Ans. 

    TDS on professional payments is a tax deducted at source on payments made to professionals for their services.

    • TDS rate on professional payments is usually 10%.

    • It is applicable when the payment exceeds a certain threshold amount.

    • The person making the payment is responsible for deducting TDS and depositing it with the government.

    • Failure to deduct TDS can lead to penalties and legal consequences.

  • Answered by AI
  • Q3. Tds on purchase of land from an individual for ₹10000000
  • Ans. 

    TDS on purchase of land from an individual for ₹10000000 is applicable.

    • TDS rate on purchase of land from an individual is 1% if the value exceeds ₹50 lakhs.

    • In this case, TDS amount would be ₹100000 (1% of ₹10000000).

    • The buyer is required to deduct TDS at the time of making payment to the seller.

    • TDS should be deposited with the government and TDS certificate should be issued to the seller.

  • Answered by AI
  • Q4. Due dates of filing gst return
  • Ans. 

    GST returns are typically due on the 20th of the following month.

    • GST returns are usually due on the 20th of the month following the tax period.

    • For example, the GST return for the month of January would typically be due on February 20th.

    • Late filing of GST returns can result in penalties and interest charges.

  • Answered by AI
  • Q5. Due date of filing income tax return for companies
  • Ans. 

    Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.

    • Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.

    • For example, if a company's fiscal year ends on December 31st, the income tax return would be due on March 15th.

    • Extensions may be available in certain circumstances, but the initial due date is typi...

  • Answered by AI
  • Q6. Accrued income and accrued expense under which head it is shown under balance sheet
  • Ans. 

    Accrued income is shown under the asset side of the balance sheet, while accrued expenses are shown under the liability side.

    • Accrued income is recorded as a current asset on the balance sheet, representing revenue that has been earned but not yet received.

    • Accrued expenses are recorded as a current liability on the balance sheet, representing expenses that have been incurred but not yet paid.

    • Accrued income increases the...

  • Answered by AI
  • Q7. Mat and its application
  • Ans. 

    MAT stands for Market Access Tool, used in finance for analyzing market trends and making investment decisions.

    • MAT is a software tool that helps finance professionals analyze market data and trends.

    • It can be used to track stock prices, monitor market volatility, and make informed investment decisions.

    • MAT may also include features for risk management and portfolio optimization.

    • Examples of MAT tools include Bloomberg Ter

  • Answered by AI
  • Q8. What is going concern concept and matching concept
  • Ans. 

    Going concern concept is the assumption that a company will continue to operate in the foreseeable future, while matching concept is the principle of matching expenses with revenues in the same accounting period.

    • Going concern concept assumes that a company will continue to operate for the foreseeable future without the need to liquidate assets or be forced out of business.

    • Matching concept states that expenses should be...

  • Answered by AI
  • Q9. What is prepain income and prepaid expenses
  • Ans. 

    Prepaid income is income received in advance, while prepaid expenses are expenses paid in advance.

    • Prepaid income is income received before it is earned, such as subscription fees paid in advance.

    • Prepaid expenses are expenses paid for in advance, like insurance premiums or rent.

    • Both prepaid income and prepaid expenses are recorded as assets on the balance sheet until they are earned or used.

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I appeared for an interview in Aug 2023.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. 1.Accouting concepts 2.Ficticious assets 3.BRS 4.GST 5.TDS RATES 6.GST TDS DUE DATES 7.INCOME TAX DUE DATE
Round 3 - One-on-one 

(2 Questions)

  • Q1. Fictitious assets
  • Q2. Accounting principles

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through basics to advanced level in theoretical accounting and practical accounting and also law and compliance

Finance Executive Interview Questions Asked at Other Companies

Q1. Certains Rules to follow - 1. Remove your footwear outside of the ... read more
Q2. Whats is the late date for filing and payment of TDS?
Q3. What is PV of Cash Inflow when outflow is Assets, Materials, Land ... read more
Q4. If an unknown amount received in our bank accounts. how will we t ... read more
asked in Wuerth
Q5. what's P2P what's invoice processing, Ap/AR related questions The ... read more
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. About Basics of accounting
  • Q2. What is BRS and Income tax due dates
  • Ans. 

    BRS stands for Bank Reconciliation Statement. Income tax due dates vary by country and type of taxpayer.

    • BRS is a statement prepared to reconcile the balance as per company's books with the balance as per bank statement.

    • Income tax due dates differ by country and type of taxpayer, usually falling on specific dates throughout the year.

    • For example, in the US, individual income tax returns are due by April 15th each year.

    • In...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through basics to advanced level in theoretical accounting and practical accounting and also law and compliance

Interview questions from similar companies

I applied via Campus Placement and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - Assignment 

Basic gocube test

Round 2 - One-on-one 

(1 Question)

  • Q1. Company work expectation and past experience questions

Interview Preparation Tips

Topics to prepare for Axtria Associate interview:
  • SQL
  • Python
Interview preparation tips for other job seekers - Go through ur resume and build strong profile

I applied via Recruitment Consulltant and was interviewed before Aug 2021. There were 3 interview rounds.

Round 1 - Aptitude Test 

Basic Logical Reasoning, Maths questions

Round 2 - Technical 

(1 Question)

  • Q1. Basic sql, python, past projects, guesstimates
Round 3 - HR 

(1 Question)

  • Q1. Why Axtria? What you know about Axtria?

Interview Preparation Tips

Interview preparation tips for other job seekers - Just prepare the basics and strong hold on your past work experience.

Interview Preparation Tips

Round: Interview
Experience: They asked to write 2 codes on recursion. Then some questions on resume. I asked them about the job profile and after knowing that they were hiring candidates for frontend programming, about which they didn’t mention in JAF. I told them that I was not interested in frontend development. And didn’t even answer any question after that. Unfortunately, I was selected.

General Tips: Plan your schedule judiciously keeping your capacity in mind. There is no point of making ideal plans and then not able to do even 50% of it.
Don’t get into unnecessary arguments or debate with people.
Don’t think about what others are doing. Focus on your preparation.
How you carry yourself matters. So, make sure you portray yourself in the way you want the other person to perceive you.
Be selective while applying for companies.
College Name: IIT Kanpur

Interview Preparation Tips

Round: Resume Shortlist
Experience: If your have CGPA >7 and AIEEE rank is good then you will be shortlisted .

Round: Test
Experience: Test was similar to CAT there were 3 sections qunat, logical reasoning and verbal ...question were easy ...test was hosted at cocubes .
Tips: Don't try to open other tab during test because that will be recorded.
Duration: don't remember minute

Round: HR Interview
Experience: Interviewer was very straight forward, he ask many question and puzzles. One puzzle he asked was ... You have 2 rats and 4 glass. ..in each glass you have some liquid which is taste less, smell less cl,colorless ...but one glass contains poision... We are allowed to use rats only once and at the same time ...identity the poisened glass.
He also asked candel and bridge puzzle and sone question about me like why do you want to join our conpany, tell m le something about yourself etc

Round: Technical Interview
Experience: Interviewer asked 3 questions
1) you have 3 glasses each contain 1 balls of different color .. You have to identify which galss has which color ball .
I answered several time and he make changes every time. ..
1 coding question and 1sql query. I answered all the questions correctly

College Name: NIT Delhi

Interview Questionnaire 

4 Questions

  • Q1. What is your area of interest?
  • Ans. 

    My area of interest is artificial intelligence and machine learning.

    • I am fascinated by the potential of AI and ML to revolutionize various industries.

    • I enjoy exploring the latest advancements in deep learning and natural language processing.

    • I am particularly interested in the ethical implications of AI and the need for responsible development.

    • Some of my favorite examples of AI in action include self-driving cars, virtu

  • Answered by AI
  • Q2. What are the other companies you have applied for and how many rounds did you clear?
  • Ans. 

    I have applied to a few companies, but I prefer not to disclose the names. I have cleared multiple rounds in each of them.

    • I have applied to a few companies, but I prefer not to disclose the names.

    • I have cleared multiple rounds in each of them.

    • I believe that each company has its own unique hiring process and requirements.

    • I am confident in my abilities and qualifications, and I am open to exploring opportunities with any

  • Answered by AI
  • Q3. Explain transportation problem.
  • Ans. 

    Transportation problem is a linear programming problem that deals with minimizing the cost of transporting goods from sources to destinations.

    • It involves determining the optimal way to transport goods from sources to destinations

    • It considers factors such as cost, capacity, and demand

    • It can be solved using various methods such as the North-West Corner Method, Least Cost Method, and Vogel's Approximation Method

    • Example: A...

  • Answered by AI
  • Q4. How will you solve a trans-shipment problem in excel solver software?
  • Ans. 

    Trans-shipment problem can be solved in Excel Solver by setting up a linear programming model.

    • Define decision variables for the amount of goods to be shipped between each pair of locations.

    • Set up constraints to ensure that the supply and demand at each location are met.

    • Add constraints to limit the amount of goods that can be shipped through intermediate locations.

    • Define the objective function to minimize the total cost...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: It was an “open to all branches” company. Around 70 students were shortlisted based on resume. Shortlisting was mainly on CGPA basis and on an average 5 top students were shortlisted from each branch.

Round: Test
Experience: The written test was on logical reasoning, verbal ability and quantitative aptitude. The test comprised of 2 sections. 1st section comprised of 3 HR questions:
Why do you want to join this company?
Tell us about yourself.
Describe a situation where you displayed leadership skills.
These 3 questions were to be typed in 150-200 words each in total of 20 min. 2nd section started immediately after this. 25 minutes, 35 multiple choice questions consisting of questions from various sections including 10 coding based questions.
Duration: 45 minutes
Total Questions: 38

Round: HR Interview
Experience: Interview was through a video call on Skype. The interview started with the basic HR question and then the interviewer asked about my area of interest. He asked 2 questions from that field and then asked one guesstimate question
The last question was related to what do I understand about data analysis.
Other candidates were asked some puzzles and several other HR questions as well.
My area of interest was Operations Research. So he asked me some technical questions as well.

College Name: IIT ROORKEE

Interview Preparation Tips

Round: Shortlisting based on AIEEE RANK and cgpa
Experience: they shortlisted 150 people based on the aieee rank and cgpa .

Round: Test
Experience: the test was on cocubes.com
Tips: do attempt each section to clear cutoff

College Name: MANIT,bhopal

Interview Preparation Tips

Round: Test
Experience: An online test covering Quant, logical reasoning, DI and coding lasting for 1-1.30 hr. It also included essays on yourself

Round: Interview
Experience: Skype Interview of around 30-45 minInterview:Interview will consists of HR questions, project details and case studies.HR will be a standard affair and they will quiz you on BTP and internshipsOne of the last year case study was on ‟Amount of petrol used by Autos in Chennai‟.Other one was „calculate average salary of people in a room, who are not supposed tospeak about the salary‟.
Tips: Solve puzzles, quant and logical reasoning questions

College Name: IIT Madras

IBS Software Services Interview FAQs

How many rounds are there in IBS Software Services Finance Executive interview?
IBS Software Services interview process usually has 2-3 rounds. The most common rounds in the IBS Software Services interview process are Resume Shortlist, One-on-one Round and Technical.
How to prepare for IBS Software Services Finance Executive interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at IBS Software Services. The most common topics and skills that interviewers at IBS Software Services expect are Accounting, Balance Sheet, Finance, Banking and Bill Processing.
What are the top questions asked in IBS Software Services Finance Executive interview?

Some of the top questions asked at the IBS Software Services Finance Executive interview -

  1. Accrued income and accrued expense under which head it is shown under balance s...read more
  2. What is prepain income and prepaid expen...read more
  3. What is going concern concept and matching conc...read more

Tell us how to improve this page.

IBS Software Services Finance Executive Interview Process

based on 2 interviews

1 Interview rounds

  • Resume Shortlist Round
View more

Interview Questions from Similar Companies

KPIT Technologies Interview Questions
3.4
 • 283 Interviews
Chetu Interview Questions
3.3
 • 174 Interviews
AVASOFT Interview Questions
3.6
 • 162 Interviews
Oracle Cerner Interview Questions
3.7
 • 157 Interviews
Brane Enterprises Interview Questions
2.0
 • 134 Interviews
ivy Interview Questions
3.6
 • 125 Interviews
DE Shaw Interview Questions
3.8
 • 121 Interviews
ServiceNow Interview Questions
4.1
 • 120 Interviews
Axtria Interview Questions
3.1
 • 116 Interviews
View all
IBS Software Services Finance Executive Salary
based on 16 salaries
₹3.4 L/yr - ₹6.3 L/yr
40% more than the average Finance Executive Salary in India
View more details

IBS Software Services Finance Executive Reviews and Ratings

based on 3 reviews

4.8/5

Rating in categories

4.8

Skill development

4.5

Work-life balance

4.3

Salary

4.7

Job security

4.5

Company culture

4.5

Promotions

4.7

Work satisfaction

Explore 3 Reviews and Ratings
Senior Software Engineer
600 salaries
unlock blur

₹4 L/yr - ₹14 L/yr

Software Engineer
403 salaries
unlock blur

₹2.4 L/yr - ₹10.2 L/yr

Technical Lead
283 salaries
unlock blur

₹5.4 L/yr - ₹21 L/yr

Solution Architect
210 salaries
unlock blur

₹8 L/yr - ₹30.6 L/yr

Solution Engineer
209 salaries
unlock blur

₹3 L/yr - ₹6.3 L/yr

Explore more salaries
Compare IBS Software Services with

KPIT Technologies

3.4
Compare

Thomson Reuters

4.1
Compare

Oracle Cerner

3.7
Compare

NextComm Corporation

4.8
Compare
Did you find this page helpful?
Yes No
write
Share an Interview