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I was interviewed in Jun 2024.
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...
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...
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
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...
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
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
Redux store is a centralized state container for managing the state of an application.
Redux store holds the entire state tree of the application
State can only be changed by dispatching actions
Reducers specify how the state changes in response to actions
Components can subscribe to the store to get updates when the state changes
Denouncing and throttling are techniques used in JavaScript to control the frequency of function calls.
Denouncing involves delaying the execution of a function until a certain amount of time has passed.
Throttling limits the rate at which a function can be called, ensuring it is not called more than once within a specified time interval.
Example of denouncing: Debouncing user input in a search bar to prevent unnecessary ...
What people are saying about KPMG Global Services
KPMG Global Services interview questions for popular designations
I applied via Approached by Company and was interviewed in Apr 2024. There were 5 interview rounds.
Hacker Rank exam was there based on my technicalities
Get interview-ready with Top KPMG Global Services Interview Questions
Codinh test was conducted via sql queries.
I want to join KPMG because of its reputation for excellence in the industry and the opportunity to work with talented professionals.
KPMG is known for its high standards and quality of work
I am impressed by the diverse range of clients KPMG serves
I am excited about the opportunity to collaborate with experienced professionals in the field
I have over 5 years of experience in financial analysis and project management at a Fortune 500 company.
Managed financial analysis for multiple projects, ensuring accurate budgeting and forecasting
Led cross-functional teams to successfully implement cost-saving initiatives
Developed comprehensive financial reports and presentations for senior leadership
Collaborated with external auditors to ensure compliance with regula
I will prioritize tasks, delegate responsibilities, and ensure clear communication with team members to manage work effectively.
Prioritize tasks based on urgency and importance
Delegate responsibilities to team members with relevant skills
Ensure clear communication with team members about the situation and any changes in workload
Adjust timelines and deadlines as needed to accommodate the absence
I applied via campus placement at Narsee Monjee Institute Of Management Studies (NMIMS) and was interviewed in Aug 2024. There were 2 interview rounds.
Good gd I liked alot hehe
I was interviewed in Dec 2024.
I applied via Referral and was interviewed in Aug 2024. There was 1 interview round.
I chose this job because of my interest in financial regulations and compliance, as well as the opportunity to contribute to preventing financial crimes.
Interest in financial regulations and compliance
Opportunity to contribute to preventing financial crimes
Challenging and dynamic work environment
Career growth potential
Utilizing analytical skills to investigate and identify potential risks
The duration of KPMG Global Services interview process can vary, but typically it takes about less than 2 weeks to complete.
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