KPMG Global Services Interview Questions, Process, and Tips

Q1. Enterprise value to equity value
Ans. 
Enterprise value is the total value of a company, including debt and equity, while equity value is the value attributable to shareholders.
• Enterprise value includes debt, equity, and cash, while equity value only includes the value attributable to shareholders.

• Enterprise value is used to determine the total value of a company, while equity value is used to determine the value available to shareholders.

• Enterprise value i...read more
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Q2. Linking of BS, PL and CFS
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The balance sheet (BS), income statement (PL), and cash flow statement (CFS) are interconnected financial statements that provide a comprehensive view of a company's financial health.
• The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

• The income statement shows a company's revenues, expenses, and net income over a period of time.

• The cash flow statement shows the inflows and o...read more
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Q3. Impact on Financial statements if raised 10 million additionally
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Raising 10 million will increase assets and equity on the balance sheet, but also increase liabilities if borrowed.
• Assets will increase by 10 million, reflecting the additional cash or investments received.

• Equity will increase by 10 million if the funds are raised through equity financing.

• Liabilities will increase by 10 million if the funds are raised through debt financing.

• Income statement will not be directly impacte...read more
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Q4. Financial ratios
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Preparing a financial model

Q1. Tell me about yourself
Ans. 
Experienced team manager with a background in project management and leadership skills.
• Over 5 years of experience leading teams in various industries

• Strong communication and problem-solving skills

• Proven track record of meeting project deadlines and exceeding goals

• Certified in project management (PMP)

• Managed a team of 15 employees at XYZ Company
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Q2. Tell about your past experiences
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I have over 5 years of experience managing teams in various industries.
• Managed a team of 15 sales representatives in a retail company

• Led a project team of 10 developers in a software company

• Implemented team-building activities to improve communication and collaboration
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Q3. Tell me about audit process
Ans. 
Audit process involves reviewing and evaluating an organization's financial records to ensure accuracy and compliance with regulations.
• Conducting a risk assessment to identify areas of potential concern

• Gathering evidence through documentation and interviews

• Analyzing the data to identify discrepancies or non-compliance

• Preparing a report with findings and recommendations for improvement

• Presenting the report to management
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Q4. Tell about family
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I come from a close-knit family of four, including my parents and younger sister.
• My family has always been supportive of my career choices and encouraged me to pursue my goals.

• We enjoy spending quality time together, whether it's going on vacations or simply having dinner at home.

• My parents have been a source of inspiration for me, teaching me the values of hard work and perseverance.

• I have a strong bond with my sister...read more
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Q5. Tell about audit risks
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Audit risks are potential threats to the accuracy and reliability of financial statements.
• Inherent risk: related to the nature of the business or industry

• Control risk: related to the effectiveness of internal controls

• Detection risk: related to the auditor's procedures and sampling methods

• Examples: fraud, errors, regulatory compliance issues
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Q1. KYC Life Cycle - Discuss
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Q2. Current role based questions
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Teamwork, planning and communication

Choice of 3 Qs, blog post, advice to clients based on material provided

Q1. Background and motivation
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Q2. Relevant past experiences
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Versant, Basic English, Accounts and essay writing

Q1. Why trail balance wont tally
Ans. 
Trial balance won't tally due to errors in recording transactions or posting to the wrong accounts.
• Errors in recording transactions can lead to discrepancies in the trial balance.

• Posting transactions to the wrong accounts can also cause the trial balance to not tally.

• Omission of transactions or duplicate entries can result in imbalance in the trial balance.

• Mathematical errors in calculating account balances can lead to
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Q2. Explain what is TDS & TCS
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TDS stands for Tax Deducted at Source and TCS stands for Tax Collected at Source. They are types of indirect taxes in India.
• TDS is deducted by the payer at the time of making payment to the payee and is deposited with the government.

• TCS is collected by the seller from the buyer at the time of sale of specified goods and services.

• TDS rates vary based on the type of payment being made, while TCS rates are fixed by the go...read more
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Q3. What is net worth
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Net worth is the total assets minus total liabilities of an individual or company.
• Net worth is calculated by subtracting total liabilities from total assets.

• Assets can include cash, investments, real estate, and personal property.

• Liabilities can include debts, loans, and mortgages.

• Net worth is a measure of an individual's or company's financial health and stability.
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Q1. Self Intro, Goals, Strengths & weakness, Situational Based questions
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Q1. What is an interface is Java?
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Q1. How would you handle a situation where 2 people are fighting
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