Inmacs Management Services Assistant Manager F Interview Questions and Answers

Basic Accounting rectification entries, Basic Code based reasoning, and directional questions

Q1. Mutual Fund and hedging
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Q2. Why do you want to switch
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Q3. Why you want to work at NAV
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Q4. Basic Numerical question of NAV Calculation
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Q1. Which profile you want to choose
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Q2. Salary expectation
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Test of 30 minutes of the field you choice proper paper no mcq

Q1. Basics of tax explain from basic
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Q1. Every tds sextion and rate you know
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
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Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
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Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. How to you perform analytics review of a financial statement ?
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Performing analytics review of a financial statement involves analyzing key financial ratios, trends, and variances to assess the financial health of a company.
• Start by calculating key financial ratios such as liquidity, profitability, and solvency ratios.

• Compare the current financial statement with previous periods to identify trends and changes.

• Analyze variances between actual and budgeted figures to understand the r...read more
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Q2. How to you identify opportunities for automation in the audit engagement
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Identifying opportunities for automation in audit engagements involves analyzing repetitive tasks, manual processes, and areas with high risk of errors.
• Analyze the audit process to identify repetitive tasks that can be automated, such as data entry or report generation

• Look for manual processes that are time-consuming and prone to errors, such as reconciliations or data validation

• Identify areas with high risk of errors,...read more
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Q1. Team handling, training to new staff
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Q2. Budget, target work
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Is Cryptocurrency a future?

Q1. On Accouting and auditing standard
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Q2. Accounting standard 10
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Q1. Tell me about yourself IND AS related questions
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Q2. Are ok with travelling
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Yes, I am comfortable with travelling for work purposes.
• I am willing to travel for client meetings, audits, and other work-related tasks

• I understand that travelling may be required occasionally and I am prepared for it

• I have previous experience travelling for work during internships or previous jobs
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Q3. Do you have vehicle to travell around the city and daily up down from your home to Office and from office to home.
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Yes, I have a vehicle for daily commute to the office and back home.
• Yes, I have a car that I use for daily transportation.

• I ensure regular maintenance of my vehicle to avoid any breakdowns.

• Having a vehicle allows me to be punctual and reliable for work.

• In case of emergencies or late hours at work, having a vehicle is convenient for safe travel.
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Q1. What are your salary expectations
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Q2. What is your preferable location
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Q1. What is Accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions.
• Involves recording financial transactions

• Summarizing financial data into financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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