Infosys Assistant Manager Finance Interview Questions and Answers

Q1. Revenue Standard ASC 606 Discussion
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Q2. Case basis discussion on step 4 of ASC606
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Q1. What you know about ind as
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Ind AS stands for Indian Accounting Standards which are converged with International Financial Reporting Standards (IFRS).
• Ind AS are a set of accounting standards notified by the Ministry of Corporate Affairs (MCA) in India.

• They are based on IFRS and are mandatory for certain companies to follow.

• Ind AS aim to bring transparency, comparability, and consistency in financial reporting.

• They cover various aspects of account...read more
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Q2. TDS compliances and 194c
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Q1. Technical and process knowledge and scenario questions
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Q1. What you know about Trade Life Cycle
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Trade life cycle refers to the stages involved in a trade from initiation to settlement.
• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the exchange or over-the-counter market.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Payment and transfer of securities occur to complete the trade.

• Trade reconciliation: Any discrepancies ar
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Q1. Working experience communication skills
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Q2. Finance accounts marketing before question interview
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Q3. Digital experience
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Q1. Marketing finance information technology human rescoures
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Q2. Questions answers good company
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General Aptitude test on Finance, language and logical reasoning

Q1. Journals Entries
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Q2. Finance Scenario Questions
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Q3. Eligibility for Relocation
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Q4. Treatment of different costs
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Different costs are treated differently based on their nature and impact on financial statements.
• Different costs are classified as either variable or fixed costs.

• Variable costs change with the level of production or sales, while fixed costs remain constant.

• Some costs are considered direct costs, directly attributable to a specific product or service.

• Other costs are indirect costs, not directly traceable to a specific p...read more
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Q5. Revenue recognition
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Q1. Golden rules of accounting
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The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more
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Q1. What is TDS under income tax
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TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.
• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more
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Q1. Self introduction
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Q2. What is your Strength
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