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IDBI Intech Limited Finance Executive Interview Questions, Process, and Tips

Updated 22 Aug 2022

IDBI Intech Limited Finance Executive Interview Experiences

1 interview found

I applied via Job Portal and was interviewed in Jul 2022. There was 1 interview round.

Round 1 - Technical 

(7 Questions)

  • Q1. How to recognise revenue as per Indas 115
  • Ans. 

    Revenue recognition as per IndAS 115

    • Identify the contract with the customer

    • Identify the performance obligations in the contract

    • Determine the transaction price

    • Allocate the transaction price to the performance obligations

    • Recognize revenue when (or as) the entity satisfies a performance obligation

  • Answered by AI
  • Q2. Journal entry of lease accounting in the books of lessee
  • Ans. 

    The journal entry for lease accounting in the books of lessee involves recording the lease liability and right-of-use asset.

    • Debit the right-of-use asset account for the present value of the lease payments

    • Credit the lease liability account for the same amount

    • Recognize interest expense on the lease liability

    • Recognize amortization expense on the right-of-use asset

    • Adjust for any lease payments made

    • Example: Debit Right-of-U...

  • Answered by AI
  • Q3. Difference between service and manufacturing industry
  • Ans. 

    Service industry provides intangible products while manufacturing industry produces tangible products.

    • Service industry focuses on providing services rather than physical products

    • Manufacturing industry involves the production of tangible goods

    • Service industry is labor-intensive while manufacturing industry is capital-intensive

    • Service industry has a higher degree of customer interaction compared to manufacturing industry

    • ...

  • Answered by AI
  • Q4. Statutory dues payment and return due date-GST, TDS, PF, PT, ESIC
  • Q5. JE of Provision for doubtful debt and there treatment in financials
  • Ans. 

    Provision for doubtful debt is an estimation of the amount of bad debt that a company is likely to incur.

    • Provision for doubtful debt is a contra account to accounts receivable.

    • It is created by recording an adjusting entry at the end of each accounting period.

    • The amount of the provision is based on historical data and management's judgment.

    • It reduces the net value of accounts receivable on the balance sheet.

    • If the actua...

  • Answered by AI
  • Q6. How to audit purchase or expenses voucher
  • Ans. 

    To audit purchase or expenses voucher, follow these steps:

    • Verify the authenticity of the voucher

    • Check if the voucher is properly authorized and approved

    • Ensure that the voucher is supported by relevant documents

    • Verify the accuracy of the voucher amount

    • Check if the voucher is recorded in the correct account

    • Perform a test check of a sample of vouchers

    • Document the audit findings and report to management

  • Answered by AI
  • Q7. Explain about Indas 115
  • Ans. 

    Ind AS 115 is a new revenue recognition standard that replaces the existing Ind AS 18 and Ind AS 11.

    • Ind AS 115 provides a single, comprehensive revenue recognition model for all contracts with customers.

    • It requires companies to recognize revenue based on the transfer of control of goods or services to customers.

    • The standard also requires companies to disclose more information about their revenue streams and contract ba...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - First and foremost advice is be prepared for the interview questions as per respective job domains(technical questions) and practice most the time as you can and also have some practice of basic hr questions like Tell me about yourself, Why should we hire you etc
You should be confident and calm during interview. I have mentioned few questions asked during technical round.
Now you are good to go and perform.
Best of luck for your interview

Interview questions from similar companies

I applied via Naukri.com and was interviewed before Dec 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. All related to the technical queries based on the profile and project required skill set

Interview Preparation Tips

Interview preparation tips for other job seekers - Be good at the technical point of view and project management with time line delivery as they have client facing interviews and one has to visit client side for work.

I applied via Naukri.com and was interviewed in Oct 2021. There were 4 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. Skill and technology worked
  • Ans. 

    I have worked with various technologies and developed skills in project management, team leadership, and software development.

    • Proficient in project management tools such as JIRA and Trello

    • Experience in leading teams of up to 10 members

    • Skilled in programming languages such as Java, Python, and JavaScript

    • Familiarity with front-end frameworks such as React and Angular

    • Knowledge of database technologies such as MySQL and Mo

  • Answered by AI
  • Q2. Give only honest reply
Round 2 - Technical 

(2 Questions)

  • Q1. Basic and semi advance
  • Q2. Clear the basic and try hands on experince
Round 3 - Technical 

(2 Questions)

  • Q1. Advance level of power bi and SQL
  • Ans. 

    I have an advanced level of Power BI and SQL skills.

    • Expertise in creating complex data models and DAX formulas in Power BI

    • Proficient in writing complex SQL queries and stored procedures

    • Experience in integrating Power BI with SQL Server and other data sources

    • Ability to optimize queries and improve performance

    • Familiarity with data visualization best practices and design principles

  • Answered by AI
  • Q2. Can get idea if worked aroud 7 years
Round 4 - HR 

(2 Questions)

  • Q1. Why are you looking for a change?
  • Q2. Where do you see yourself in 5 years?

Interview Preparation Tips

Interview preparation tips for other job seekers - Hard work. Clear with basics and hands on experience.

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Jan 2024. There was 1 interview round.

Round 1 - Technical 

(3 Questions)

  • Q1. Oops concept along with DBMS
  • Ans. 

    Oops concept and DBMS are both important in software development, with Oops focusing on object-oriented programming and DBMS on managing databases.

    • Oops concept involves classes, objects, inheritance, polymorphism, and encapsulation.

    • DBMS involves creating, managing, and querying databases using SQL.

    • Oops helps in organizing code and promoting reusability, while DBMS ensures data integrity and security.

    • Example: In a banki...

  • Answered by AI
  • Q2. Oops concept along with the importancE
  • Ans. 

    Oops concept is a programming paradigm that focuses on objects and classes, promoting code reusability and modularity.

    • Encapsulation: bundling data and methods that operate on the data within a single unit

    • Inheritance: allows a class to inherit properties and behavior from another class

    • Polymorphism: ability for objects to be treated as instances of their parent class

    • Abstraction: hiding the complex implementation details

  • Answered by AI
  • Q3. DBms indexing question how

Interview Preparation Tips

Interview preparation tips for other job seekers - be strong with the oops and DBMS
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed in Aug 2023. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. General .net core, oops, sql, caching, authentication, security, angular.

Interview Preparation Tips

Topics to prepare for NeoSOFT Team Lead interview:
  • .Net Core
  • Angular
  • Microservices
  • cqrs
  • JWT
Interview preparation tips for other job seekers - Basics should be clear and confidence level should be high
Interview experience
2
Poor
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Dec 2023. There were 4 interview rounds.

Round 1 - Technical 

(1 Question)

  • Q1. Java 8, stream api, spring boot
Round 2 - Technical 

(1 Question)

  • Q1. Java 8 ,stream api , Microservice, spring boot ,
Round 3 - Technical 

(1 Question)

  • Q1. Stream api program,duplicate character find in given string how many way you can solve this problem, puzzles 25 horses
Round 4 - Behavioral 

(1 Question)

  • Q1. How to improve performance issue your application,How to find proformance problem in system, How to join us
  • Ans. 

    To improve performance in an application, identify performance problems and join our team.

    • Analyze application code and identify bottlenecks

    • Use profiling tools to measure performance

    • Optimize database queries and improve indexing

    • Implement caching mechanisms

    • Upgrade hardware or infrastructure if necessary

    • Join our team to collaborate on performance improvements

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I declined to proceed with the HR round as the offered salary didn't meet my expectations.

Skills evaluated in this interview

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Remove duplicates from the list
  • Ans. 

    Remove duplicates from an array of strings

    • Create a new set to store unique values

    • Iterate through the array and add each element to the set

    • Convert the set back to an array to remove duplicates

  • Answered by AI
  • Q2. Inheritance related theoretical

Skills evaluated in this interview

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Feb 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 

(2 Questions)

  • Q1. .NET MVC, .NET Core, .NET
  • Q2. MS SQL, MongoDB, NoSQL

Interview Preparation Tips

Interview preparation tips for other job seekers - Refer .NET interview questions from google. You will find good question and answer
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Teall me about urself
Interview experience
4
Good
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Nov 2022. There were 5 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 - Technical 

(1 Question)

  • Q1. Technical and real life scenario
Round 3 - Technical 

(1 Question)

  • Q1. Technical, use case, real life scenario
Round 4 - One-on-one 

(1 Question)

  • Q1. General knowledge
Round 5 - HR 

(1 Question)

  • Q1. HR round for qualification and negotiation

IDBI Intech Limited Interview FAQs

How many rounds are there in IDBI Intech Limited Finance Executive interview?
IDBI Intech Limited interview process usually has 1 rounds. The most common rounds in the IDBI Intech Limited interview process are Technical.
What are the top questions asked in IDBI Intech Limited Finance Executive interview?

Some of the top questions asked at the IDBI Intech Limited Finance Executive interview -

  1. JE of Provision for doubtful debt and there treatment in financi...read more
  2. How to recognise revenue as per Indas ...read more
  3. how to audit purchase or expenses vouc...read more

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