KPMG India Assistant Manager Interview Questions, Process, and Tips

It was a written aptitude test

Q1. Asked basic accounting questions and current Tax law changes
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Q2. Journal entry for depreciation of an asset
Ans. 
Depreciation of an asset is recorded in a journal entry to allocate the cost of the asset over its useful life.
• Debit the Depreciation Expense account to recognize the expense

• Credit the Accumulated Depreciation account to reduce the asset's carrying amount

• Include the date, description of the asset, amount of depreciation, and any relevant calculations

• Journal entry should follow the double-entry accounting system
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Q3. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure accurate recording of financial transactions and maintain the balance in the accounting equation.

• For example, when a ...read more
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Q4. Journal entry for purchase of an asset
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Journal entry for purchase of an asset involves debiting the asset account and crediting the cash or accounts payable account.
• Debit the asset account for the cost of the asset

• Credit the cash or accounts payable account for the same amount

• Include a description of the asset purchased in the journal entry

• Ensure the entry follows the double-entry accounting system
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Q1. 1065 details and new changes in 2024
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In 2024, there will be significant details and new changes in various aspects.
• Introduction of new technologies in the workplace

• Changes in company policies and procedures

• Updates in industry regulations and standards

• Implementation of new strategies for growth and development
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Q2. 8621 pfic form details
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Q1. Charging system
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Q2. Business configuration and tariff configuration
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Q1. Salary expextations
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Q2. Policy and perks of company
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Company policies include competitive salaries, health benefits, paid time off, and opportunities for career growth.
• Competitive salaries are offered to attract top talent.

• Health benefits such as medical, dental, and vision insurance are provided to employees.

• Paid time off includes vacation days, sick leave, and holidays.

• Opportunities for career growth may include training programs, mentorship, and promotions.

• Other perks...read more
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I applied for Data Engineer-III Role with 6+ year of exp, In First round they asked 1 Python Question with Intermediate Level, 1 Spark Question and 1 Complex SQL Question and 10 MCQ on Spark

Q1. Prepare Well on Python, SQL and Spark (Most Imp)
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Q2. Spark internal working, performance optimization
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Q3. Question around df creation, transformations etc
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Q1. Spark and SQL complex query
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Q1. General discussion on package
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Q1. Detailed description on GRC
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GRC stands for Governance, Risk, and Compliance. It is a framework that helps organizations manage their operations and ensure compliance with regulations.
• Governance refers to the processes and policies that guide an organization's decision-making and management.

• Risk management involves identifying and assessing potential risks to the organization and implementing strategies to mitigate them.

• Compliance refers to adheri...read more
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Q1. Normal basic HR question
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Case study preparation

Q1. No question and answes
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Q1. Salary negotiation
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