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KPMG Global Services Associate2 Interview Questions, Process, and Tips

Updated 17 Feb 2025

Top KPMG Global Services Associate2 Interview Questions and Answers

  • Q1. What are the details of deductions under sections 80C and 80D of the Income Tax Act?
  • Q2. What is the process for claiming a deduction for rent paid under income tax?
  • Q3. What is revenue recognition 5 step model as per ind as 115
View all 7 questions

KPMG Global Services Associate2 Interview Experiences

6 interviews found

Associate2 Interview Questions & Answers

user image Anonymous

posted on 24 Dec 2024

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I appeared for an interview in Jun 2024.

Round 1 - One-on-one 

(5 Questions)

  • Q1. What is the golden rule of accounting?
  • Ans. 

    The golden rule of accounting states that for every debit there must be an equal credit.

    • The golden rule of accounting is also known as the double-entry accounting system.

    • It ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced.

    • For every transaction recorded, there must be at least one debit and one credit entry.

    • Example: If cash is received, the Cash account is debited and another account...

  • Answered by AI
  • Q2. What are the different methods of depreciation?
  • Ans. 

    Different methods of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

    • Straight-line method: Allocates an equal amount of depreciation each year.

    • Double declining balance method: Accelerates depreciation in the early years of an asset's life.

    • Units of production method: Depreciation is based on the actual usage of the asset.

    • Sum-of-the-years-digits method: Accel...

  • Answered by AI
  • Q3. What is the journal entry for accrued expenses?
  • Ans. 

    Accrued expenses are recorded with a debit to an expense account and a credit to a liability account.

    • Debit the expense account to recognize the expense

    • Credit the accrued liability account to show the obligation

    • Example: Debit Salaries Expense, Credit Salaries Payable

  • Answered by AI
  • Q4. What are the details of deductions under sections 80C and 80D of the Income Tax Act?
  • Ans. 

    Deductions under sections 80C and 80D of the Income Tax Act allow taxpayers to reduce their taxable income by investing in specified avenues or paying for health insurance premiums.

    • Section 80C allows deductions for investments in instruments such as PPF, EPF, NSC, ELSS, life insurance premiums, etc.

    • The maximum deduction under section 80C is Rs. 1.5 lakh per financial year.

    • Section 80D allows deductions for health insura...

  • Answered by AI
  • Q5. What is the process for claiming a deduction for rent paid under income tax?
  • Ans. 

    To claim a deduction for rent paid under income tax, one must meet certain criteria and follow specific steps.

    • Ensure the rent paid is for a property used for business purposes or as a residence

    • Keep records of rent payments, such as receipts or lease agreements

    • File the appropriate tax forms, such as Schedule A for itemized deductions

    • Be aware of any limitations on rent deductions based on income level or other factors

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. Salary discussion

Associate2 Interview Questions & Answers

user image Anonymous

posted on 30 Jun 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Online Assessment with basic language and aptitude content.

Round 2 - Technical 

(2 Questions)

  • Q1. Questions Based on Experience provided in Resume or CV.
  • Q2. Questions on team management.

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Q5. How would you evaluate an integration from IT point of view?

Associate2 Interview Questions & Answers

user image Anonymous

posted on 17 Feb 2025

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I appeared for an interview before Feb 2024.

Round 1 - Aptitude Test 

A standard English exam to assess language proficiency.

Associate2 Interview Questions & Answers

user image Anonymous

posted on 1 May 2024

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before May 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

It was spoken english and grammar test. It wasn't that hard. Could crack it easily.

Round 2 - Technical 

(1 Question)

  • Q1. Golden rules of accounting, Ind AS 113, case study questions, resume related questions, materiality concept
Round 3 - HR 

(1 Question)

  • Q1. I dont remember the question

Interview Preparation Tips

Topics to prepare for KPMG Global Services Associate2 interview:
  • Ind As
  • Accounting
  • Auditing
Interview preparation tips for other job seekers - Be yourself and calm. Answer questions confidently. If you don't know something say you don't know it. It is alright.

Associate2 Interview Questions & Answers

user image Priyanka Poddar

posted on 1 Sep 2023

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. What is audit assertions
  • Ans. 

    Audit assertions are claims made by management regarding the accuracy of financial statements.

    • Audit assertions include existence, completeness, valuation, rights and obligations, and presentation and disclosure.

    • They help auditors assess the risk of material misstatement in financial statements.

    • For example, existence assertion ensures that assets and liabilities actually exist.

    • Completeness assertion ensures that all tra...

  • Answered by AI
  • Q2. What is revenue recognition 5 step model as per ind as 115
  • Ans. 

    The revenue recognition 5 step model as per Ind AS 115 involves identifying the contract, identifying performance obligations, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue as the performance obligations are satisfied.

    • Identify the contract: Determine if there is an agreement between two or more parties that creates enforceable rights and obli...

  • Answered by AI

Get interview-ready with Top KPMG Global Services Interview Questions

Associate2 Interview Questions & Answers

user image Anonymous

posted on 13 Feb 2023

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Feb 2022. 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 tips
Round 2 - HR 

(2 Questions)

  • Q1. Basic question about yourself and background, knowledge about excel and audit topic
  • Q2. Audit topics and inventory valutation

Interview Preparation Tips

Interview preparation tips for other job seekers - Not any specific, but be confident and tell whatever you know what they are asking

Interview questions from similar companies

I applied via Company Website and was interviewed before Nov 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 tips
Round 2 - Coding Test 

Java coding on exception handling by using arrays

Round 3 - Group Discussion 

Self intro, technical questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Experience on Java, Spring Boot, Angular, Coupa Ready to face interviews.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Give a brief introduction of youself .
  • Q2. During your articleship/job in which domains you did work.
Round 2 - Technical 

(8 Questions)

  • Q1. Technical questions based on cv and Statutory domain specific questions.
  • Q2. 1.Explain the process of audit
  • Ans. 

    Audit process involves systematic examination of financial records, statements, and transactions to ensure accuracy and compliance.

    • Planning and preparation

    • Fieldwork and data collection

    • Analysis and evaluation of findings

    • Reporting and communication of results

    • Follow-up and monitoring of corrective actions

    • Examples: financial audit, operational audit, compliance audit

  • Answered by AI
  • Q3. 2. major findings you observed during audit of client
  • Ans. 

    During the audit of the client, major findings were identified related to financial reporting and internal controls.

    • Identified weaknesses in the client's internal control system

    • Discovered errors in financial reporting

    • Found instances of non-compliance with accounting standards

    • Recommended improvements to the client's accounting processes

    • Provided suggestions for strengthening the client's internal controls

  • Answered by AI
  • Q4. 3.ind As 115,Audit procedure of listed entities
  • Ans. 

    Ind AS 115 requires auditors to perform audit procedures on listed entities.

    • Auditors must assess the entity's revenue recognition policies and procedures.

    • They should also evaluate the effectiveness of internal controls related to revenue recognition.

    • Auditors must obtain sufficient and appropriate audit evidence to support the entity's revenue recognition.

    • They should also assess the impact of any changes in revenue reco...

  • Answered by AI
  • Q5. 4.Revenue testing,cut off procedure to be applied on Revenue testing
  • Ans. 

    Revenue testing involves applying cut off procedures to ensure accurate reporting of revenue.

    • Revenue testing is a process of verifying the accuracy of revenue reported in financial statements.

    • Cut off procedures are applied to ensure that revenue is recorded in the correct period.

    • Examples of cut off procedures include reviewing sales invoices, shipping documents, and bank statements.

    • Revenue testing also involves verifyi...

  • Answered by AI
  • Q6. 5. share capital testing,payroll testing
  • Q7. 6.how you will perform test of control,Audit of trade receivables.
  • Ans. 

    Test of control for audit of trade receivables involves evaluating the effectiveness of internal controls over the accuracy and completeness of trade receivables.

    • Understand the client's internal control system related to trade receivables

    • Identify key controls and perform walkthroughs to test their effectiveness

    • Perform substantive procedures to test the accuracy and completeness of trade receivables

    • Evaluate the results ...

  • Answered by AI
  • Q8. 7.in form 3CD major clauses of tax audit report
  • Ans. 

    The major clauses of tax audit report in Form 3CD

    • The tax audit report in Form 3CD has 18 major clauses

    • These clauses cover various aspects of the audit, such as accounting policies, depreciation, loans and advances, etc.

    • Some of the important clauses include Clause 4 (accounting policies), Clause 13 (loans and advances), and Clause 17 (related party transactions)

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - brief yourself with proper confidnce and positive attitude before interviewer, Be prepared for technical round.
Interview experience
1
Bad
Difficulty level
Hard
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Jun 2022. There were 5 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 tips
Round 2 - Technical 

(1 Question)

  • Q1. Question related to palo and email security
Round 3 - Technical 

(2 Questions)

  • Q1. Question related to current job
  • Q2. Question related to firewalls and email gateway
Round 4 - Technical 

(1 Question)

  • Q1. Question related to palo and email gateway
Round 5 - HR 

(2 Questions)

  • Q1. Current job and salary negotiation
  • Q2. Why should we hire you?

Interview Preparation Tips

Interview preparation tips for other job seekers - No
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I appeared for an interview in Jul 2023.

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 tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Questions on Alteryx and Power Bi
Round 3 - One-on-one 

(1 Question)

  • Q1. Questions on resume and SQL
Round 4 - HR 

(1 Question)

  • Q1. Negotiation on salary

KPMG Global Services Interview FAQs

How many rounds are there in KPMG Global Services Associate2 interview?
KPMG Global Services interview process usually has 1-2 rounds. The most common rounds in the KPMG Global Services interview process are HR, Aptitude Test and One-on-one Round.
How to prepare for KPMG Global Services Associate2 interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at KPMG Global Services. The most common topics and skills that interviewers at KPMG Global Services expect are Accounting and Auditing.
What are the top questions asked in KPMG Global Services Associate2 interview?

Some of the top questions asked at the KPMG Global Services Associate2 interview -

  1. What are the details of deductions under sections 80C and 80D of the Income Tax...read more
  2. What is the process for claiming a deduction for rent paid under income t...read more
  3. What is revenue recognition 5 step model as per ind as ...read more

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KPMG Global Services Associate2 Interview Process

based on 8 interviews

1 Interview rounds

  • Aptitude Test Round
View more

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KPMG Global Services Associate2 Salary
based on 479 salaries
₹5 L/yr - ₹15 L/yr
48% more than the average Associate2 Salary in India
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KPMG Global Services Associate2 Reviews and Ratings

based on 40 reviews

3.7/5

Rating in categories

3.5

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3.5

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3.6

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4.0

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3.8

Company culture

2.9

Promotions

3.3

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