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IDBI Intech Limited
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IDBI Intech Limited Finance Executive Interview Questions, Process, and Tips
IDBI Intech Limited Finance Executive Interview Experiences
1 interview found
Gautam Balotiya
I applied via Job Portal and was interviewed in Jul 2022. There was 1 interview round.
(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
- 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...
- 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
...
- 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...
- 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
- 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...
Interview Preparation Tips
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
Top trending discussions
Interview questions from similar companies
Sonia Sonia
I applied via Company Website and was interviewed in Feb 2022. There were 10 interview rounds.
Mathematics and statistics
C,c++
Any thing
Company related problems
Any thing
(1 Question)
- Q1. Any thing for yor choices
(1 Question)
- Q1. Why did you decide to apply for this position?
- Ans.
I applied for this position because of my passion for finance and my desire to contribute to the success of the company.
Passion for finance: I have always been interested in finance and have pursued education and experience in this field.
Desire to contribute: I believe that my skills and expertise can make a positive impact on the company's financial performance.
Alignment with company goals: I am impressed by the compa...
(3 Questions)
- Q1. Where do you see yourself in 5 years?
- Ans.
In 5 years, I see myself as a Finance Executive leading a team and driving financial growth for the organization.
Leading a team of finance professionals
Driving financial growth and profitability
Implementing strategic financial initiatives
Building strong relationships with stakeholders
Continuing professional development and staying updated with industry trends
- Q2. Tell me about yourself.
- Ans.
I am an experienced finance executive with a strong background in financial management and strategic planning.
Over 10 years of experience in finance and accounting
Expertise in financial analysis and reporting
Proven track record in budgeting and forecasting
Strong leadership and team management skills
Implemented cost-saving initiatives resulting in significant financial gains
Managed successful mergers and acquisitions
Dev...
- Q3. What are you expected salary?
- Ans.
I would expect a salary that is competitive for the Finance Executive role based on my experience and qualifications.
Research the average salary range for Finance Executives in your industry and location.
Consider your years of experience, level of education, and any specialized skills or certifications.
Factor in the company's size, industry, and financial health when determining your expected salary.
Be prepared to nego...
(1 Question)
- Q1. What are you looking for from a new position?
- Ans.
I am looking for a new position that offers growth opportunities, a challenging work environment, and a supportive team.
Growth opportunities
Challenging work environment
Supportive team
Interview Preparation Tips
Anonymous
I applied via Job Portal and was interviewed in Mar 2021. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Journal entry posting
- Q2. Variance analysis
Interview Preparation Tips
(2 Questions)
- Q1. About your previous experience
- Q2. About your achievements
Selected
I applied via Referral and was interviewed in Sep 2022. There were 2 interview rounds.
(4 Questions)
- Q1. Which department would you prefer?
- Q2. How much salary you need?
- Q3. What is the minimum level of your salary you expect?
- Q4. What is the maximum level of salary you expect?
Interview Preparation Tips
- Financial Accounting
- Marketing Management
Selected
I applied via campus placement at Institute of Information Technology & Management, Delhi and was interviewed before Oct 2023. There was 1 interview round.
(2 Questions)
- Q1. Private equity and related information
- Q2. Some questions on business and finance General like profit ratio and you maybe asked in your views on the market if you express your interest in the market
Interview Preparation Tips
Arvind Srivastav
I applied via Naukri.com and was interviewed before Oct 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Reference data management, identifiers etc
Interview Preparation Tips
Selected
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before Jul 2023. There was 1 interview round.
(2 Questions)
- Q1. Ind AS 115, 2, 116
- Q2. Latest gst and incometax amendments
- Ans.
The latest GST and income tax amendments are important for finance managers to stay updated on regulatory changes.
GST amendments include changes in tax rates, input tax credit rules, and compliance requirements.
Income tax amendments may involve changes in tax slabs, deductions, and reporting requirements.
For example, recent GST amendments introduced a new e-invoicing system for businesses with turnover above a certain ...
I applied via Company Website and was interviewed before May 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. About yourself
- Q2. About company
Interview Preparation Tips
I applied via Company Website and was interviewed in Feb 2022. There were 10 interview rounds.
Mathematics and statistics
C,c++
Any thing
Company related problems
Any thing
(1 Question)
- Q1. Any thing for yor choices
(1 Question)
- Q1. Why did you decide to apply for this position?
- Ans.
I applied for this position because of my passion for finance and my desire to contribute to the success of the company.
Passion for finance: I have always been interested in finance and have pursued education and experience in this field.
Desire to contribute: I believe that my skills and expertise can make a positive impact on the company's financial performance.
Alignment with company goals: I am impressed by the compa...
(3 Questions)
- Q1. Where do you see yourself in 5 years?
- Ans.
In 5 years, I see myself as a Finance Executive leading a team and driving financial growth for the organization.
Leading a team of finance professionals
Driving financial growth and profitability
Implementing strategic financial initiatives
Building strong relationships with stakeholders
Continuing professional development and staying updated with industry trends
- Q2. Tell me about yourself.
- Ans.
I am an experienced finance executive with a strong background in financial management and strategic planning.
Over 10 years of experience in finance and accounting
Expertise in financial analysis and reporting
Proven track record in budgeting and forecasting
Strong leadership and team management skills
Implemented cost-saving initiatives resulting in significant financial gains
Managed successful mergers and acquisitions
Dev...
- Q3. What are you expected salary?
- Ans.
I would expect a salary that is competitive for the Finance Executive role based on my experience and qualifications.
Research the average salary range for Finance Executives in your industry and location.
Consider your years of experience, level of education, and any specialized skills or certifications.
Factor in the company's size, industry, and financial health when determining your expected salary.
Be prepared to nego...
(1 Question)
- Q1. What are you looking for from a new position?
- Ans.
I am looking for a new position that offers growth opportunities, a challenging work environment, and a supportive team.
Growth opportunities
Challenging work environment
Supportive team
Interview Preparation Tips
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IDBI Intech Limited Finance Executive Reviews and Ratings
based on 1 review
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