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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 Feb 2021. There was 0 interview round.

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare for below questions.
1. Tell me about yourself.
2. Why should we hire you.
3. What are the skills you have.

I applied via Job Portal and was interviewed before Aug 2021. 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 Resume tips
Round 2 - Technical 

(2 Questions)

  • Q1. What is oops and it's concepts
  • Ans. 

    OOPs is a programming paradigm based on the concept of objects, which can contain data and code.

    • OOPs stands for Object-Oriented Programming.

    • It focuses on creating objects that interact with each other to solve a problem.

    • The four main concepts of OOPs are encapsulation, inheritance, polymorphism, and abstraction.

    • Encapsulation is the process of hiding the implementation details of an object from the outside world.

    • Inherit...

  • Answered by AI
  • Q2. Basic questions related to HTML5 &CSS3

Interview Preparation Tips

Interview preparation tips for other job seekers - Always good to learn basic concepts in all UI technology

Interview Questionnaire 

1 Question

  • Q1. HR asked about work experience

Interview Preparation Tips

Round: Resume Shortlist
Experience: I was waiting for shortlisting

I applied via Naukri.com and was interviewed in Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Java,case study,python,spark

Interview Preparation Tips

Interview preparation tips for other job seekers - basic question relevant your profile

I applied via Referral and was interviewed before Aug 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Requirement gathering

Interview Preparation Tips

Interview preparation tips for other job seekers - Very easy to go if you know the work

I applied via Walk-in and was interviewed before Dec 2021. There were 3 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 Resume tips
Round 2 - HR 

(1 Question)

  • Q1. Initial screening round with questions asked on self introduction and other details.
Round 3 - One-on-one 

(1 Question)

  • Q1. Operations round with the questions asked on our capabilities, skills and communication.

Interview Preparation Tips

Interview preparation tips for other job seekers - Confident and true about yourself and carry good knowledge of your previous job.

I applied via Referral and was interviewed in Dec 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. React basics and practical experience along with testing

Interview Preparation Tips

Interview preparation tips for other job seekers - You should have understanding of at least fundamentals of react

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

Interview Questionnaire 

1 Question

  • Q1. Asked about my working skills, technical skills... Finance accounting related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident, brief about your CV...

Interview Questionnaire 

1 Question

  • Q1. Tell about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Good
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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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