
KPMG India

30+ KPMG India Consultant Interview Questions and Answers
Q1. What is a RAID Log? And Do you maintain one??
A RAID Log is a project management tool used to track Risks, Assumptions, Issues, and Dependencies.
RAID stands for Risks, Assumptions, Issues, and Dependencies
It is a project management tool used to track and manage these four aspects
It helps in identifying potential risks and dependencies that may impact the project
It also helps in tracking and resolving issues that arise during the project
Examples of Risks: Budget overruns, resource constraints, delays in delivery
Examples o...read more
Q2. What are the various types of Risk?
Various types of risk include financial, operational, strategic, compliance, and reputational.
Financial risk: risk of financial loss due to market fluctuations, credit defaults, etc.
Operational risk: risk of loss due to internal processes, systems, or human error.
Strategic risk: risk of loss due to changes in business strategy or external factors.
Compliance risk: risk of loss due to failure to comply with laws and regulations.
Reputational risk: risk of loss due to damage to a...read more
Q3. What is an issue and type of issues ??
An issue is a problem or concern that needs to be addressed. There are various types of issues depending on the context.
Issues can be related to personal, professional, social, or political matters.
Some common types of issues include health issues, financial issues, legal issues, environmental issues, and social issues.
Issues can also be classified as short-term or long-term, minor or major, and individual or collective.
Examples of issues include poverty, climate change, disc...read more
Q4. Identifying a location, out of 90 cities, for setting up a radio station in India
Based on factors like population, competition, and reach, Mumbai is the best location for setting up a radio station in India.
Consider the population of the city and the potential audience for the radio station
Analyze the competition in the area and identify gaps in the market
Evaluate the reach of the city and its surrounding areas
Mumbai has a population of over 20 million people, making it the largest city in India and a prime location for a radio station
Mumbai also has a di...read more
Q5. What would you do for conflict resolution?
I would use active listening, empathy, and collaboration to find a mutually beneficial solution.
Listen actively to both parties to understand their perspectives
Show empathy towards each party's feelings and concerns
Encourage collaboration to find a solution that works for everyone
Identify common ground and build on it
Offer alternative solutions if necessary
Follow up to ensure the resolution is working
Example: In a team conflict, I would listen to each team member's concerns a...read more
Q6. Preparing a business case for a US automobile manufacturer entering India
Entering India: Business case for US automobile manufacturer
Analyze Indian automobile market and consumer behavior
Assess competition and market share of existing players
Evaluate government policies and regulations
Determine potential partnerships and collaborations
Develop marketing and distribution strategies
Estimate financial projections and ROI
Q7. Case of falling profit margins for a multi-national telecom player in India
To address falling profit margins for a multi-national telecom player in India
Analyze the competition and market trends
Identify cost-cutting measures without compromising on quality of service
Explore new revenue streams such as value-added services
Consider partnerships or mergers to increase market share
Invest in research and development to stay ahead of the curve
Q8. How would you supervise the process of implementing a new software in your organization.
Supervising software implementation process in an organization
Identify the need for the software and set clear goals
Select a project team with relevant skills and expertise
Develop a detailed project plan with timelines and milestones
Communicate regularly with stakeholders and provide updates on progress
Test the software thoroughly before implementation
Provide training and support to users
Monitor the software's performance and address any issues
Evaluate the success of the impl...read more
Q9. Any coding experience including cloud and devops design and development.
Yes, I have coding experience in cloud and devops design and development.
I have experience in designing and implementing cloud-based solutions using AWS and Azure.
I have worked with various devops tools such as Jenkins, Git, and Docker.
I have developed automation scripts using Python and Bash.
I have experience in infrastructure as code using Terraform and CloudFormation.
I have implemented CI/CD pipelines for multiple projects.
Q10. What would a company do without altering headcount to improve cost cutting
To improve cost cutting without altering headcount, a company can focus on optimizing processes, reducing waste, and negotiating better deals.
Streamline processes to eliminate inefficiencies and reduce costs
Reduce waste by implementing sustainable practices and recycling programs
Negotiate better deals with suppliers to lower costs
Implement technology solutions to automate tasks and improve productivity
Encourage employees to suggest cost-saving ideas and reward them for succes...read more
Q11. Estimate how many Fair & Lovely is sold in India
It is difficult to estimate the exact number of Fair & Lovely sold in India without access to sales data.
Sales figures are not publicly available
The brand is popular in India and has been around for decades
The product is marketed towards women and promotes skin lightening
There are many other skin lightening products available in India
Sales may vary depending on factors such as region and season
Q12. Have you handled scope creep?
Yes, I have handled scope creep in my previous projects.
I always ensure that the project scope is clearly defined and documented.
I communicate with stakeholders regularly to ensure that any changes in scope are discussed and agreed upon.
I prioritize changes based on their impact on the project timeline and budget.
I document all changes and ensure that they are approved by the relevant stakeholders.
For example, in my previous project, the client requested additional features t...read more
Q13. What is a derivative and what are the types of derivatives
A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or rate.
Types of derivatives include options, futures, forwards, and swaps.
Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.
Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.
Forwards are similar to futures but are customized contracts betwe...read more
Q14. Can you explain the risk management strategies you have implemented?
Implemented risk management strategies include thorough risk assessment, mitigation plans, regular monitoring, and contingency planning.
Conducted comprehensive risk assessments to identify potential risks
Developed mitigation plans to address identified risks
Regularly monitored and reviewed risks to ensure effectiveness of mitigation strategies
Implemented contingency planning to prepare for unexpected events
Utilized risk management tools and techniques such as risk registers a...read more
Q15. Experience in cloud solutions design?
I have extensive experience in designing cloud solutions for various clients.
Designed and implemented cloud solutions for multiple clients across different industries
Expertise in AWS, Azure, and Google Cloud Platform
Experience in designing highly scalable and fault-tolerant systems
Implemented security measures to ensure data privacy and compliance
Collaborated with cross-functional teams to ensure successful implementation
Q16. How to identify any irregularities in Inventory?
To identify irregularities in inventory, conduct regular physical counts, compare counts to recorded quantities, analyze discrepancies, and investigate root causes.
Perform regular physical counts of inventory
Compare the physical counts to the recorded quantities in the inventory system
Analyze any discrepancies between the physical counts and recorded quantities
Investigate the root causes of the irregularities
Implement control measures to prevent future irregularities
Utilize i...read more
Q17. How do you calculate irr value?
IRR is calculated by finding the discount rate that makes the net present value of cash flows equal to zero.
IRR is a financial metric used to evaluate the profitability of an investment.
It takes into account the time value of money and the cash flows generated by the investment.
To calculate IRR, you need to know the initial investment, the cash flows generated by the investment, and the time period over which the cash flows occur.
IRR is the discount rate that makes the net pr...read more
Q18. What is lacking in current cyber lanscape.
Lack of proactive measures, shortage of skilled professionals, and increasing sophistication of cyber threats are major issues in the current cyber landscape.
Lack of proactive measures to prevent cyber attacks
Shortage of skilled professionals in the cybersecurity field
Increasing sophistication of cyber threats such as ransomware and phishing attacks
Q19. Ind AS Knowledge of Ind AS 109, 107 & 32
Ind AS 109, 107 & 32 are accounting standards used in India.
Ind AS 109 deals with financial instruments and their classification, measurement, and impairment.
Ind AS 107 deals with disclosures related to financial instruments.
Ind AS 32 deals with financial instruments presentation.
These standards are used by companies in India to prepare their financial statements in accordance with the Indian Accounting Standards (Ind AS).
Q20. Difference between US GAAP and IFRS
US GAAP and IFRS are two different accounting standards used globally.
US GAAP is rules-based while IFRS is principles-based.
US GAAP allows LIFO inventory accounting while IFRS does not.
IFRS requires more extensive disclosures in financial statements.
US GAAP allows for extraordinary items to be reported separately while IFRS does not.
IFRS requires the capitalization of development costs while US GAAP does not.
US GAAP requires the use of the indirect method for the statement of...read more
Q21. Intermediate SQL with group by, with clause
Intermediate SQL with group by and with clause
GROUP BY is used to group rows based on a column or expression
WITH clause is used to create a temporary table or subquery
Can be used together to perform complex queries
Example: SELECT column1, SUM(column2) FROM table1 GROUP BY column1
Example: WITH temp_table AS (SELECT column1, column2 FROM table1) SELECT * FROM temp_table
Q22. -What is CAPM
CAPM stands for Capital Asset Pricing Model, a financial model used to determine the expected return on an investment.
CAPM is used to calculate the expected return on an investment based on the risk-free rate, market risk premium, and beta of the asset.
It assumes that investors are rational and risk-averse, and that they require compensation for taking on additional risk.
The model is widely used in finance and investment management.
For example, a portfolio manager may use CAP...read more
Q23. Various financial reporting standards
Financial reporting standards vary by country and industry, with some of the most common being GAAP, IFRS, and SEC regulations.
GAAP (Generally Accepted Accounting Principles) is used in the United States
IFRS (International Financial Reporting Standards) is used in many countries around the world
SEC (Securities and Exchange Commission) regulations apply to publicly traded companies in the United States
Other standards include ASPE (Accounting Standards for Private Enterprises) ...read more
Q24. -Formula of FCFF and FCFE
FCFF and FCFE are formulas used in finance to calculate cash flow available to investors and equity holders respectively.
FCFF = Operating Cash Flow - Capital Expenditures + Net Borrowing
FCFE = Net Income - (Capital Expenditures - Depreciation) - Change in Working Capital + Net Borrowing
FCFF is used to determine the cash flow available to all investors, while FCFE is used to determine the cash flow available to equity holders
Both formulas are important in determining a company...read more
Q25. What is DCF model ?
DCF model is a valuation method used to estimate the value of an investment based on its future cash flows.
DCF stands for Discounted Cash Flow
It involves projecting future cash flows and discounting them back to their present value
The discount rate used is typically the cost of capital or required rate of return
It is commonly used in finance to value stocks, bonds, and other investments
Q26. What are the levels in FAS157
FAS157 has three levels: Level 1 - quoted prices in active markets, Level 2 - observable inputs, Level 3 - unobservable inputs.
Level 1: Quoted prices in active markets
Level 2: Observable inputs
Level 3: Unobservable inputs
Q27. What is Vulnerability?
Vulnerability is the state of being open to harm, attack, or damage.
Vulnerability refers to the susceptibility to physical, emotional, or psychological harm.
It can also refer to weaknesses or gaps in security systems that can be exploited by attackers.
Being vulnerable can also mean being open and honest about one's feelings or struggles.
Examples include a child being vulnerable to bullying, a computer system vulnerable to hacking, or a person vulnerable to heartbreak.
Q28. Explanation of Real time project flow
Real time project flow refers to the sequence of events and processes that occur in a project as they happen, without any delay.
Real time data collection and analysis
Immediate decision-making based on current information
Continuous monitoring and updates
Quick response to changes or issues
Examples: Stock market trading, online customer support systems
Q29. Peer benchmarking of Gold's Gym in India
Peer benchmarking of Gold's Gym in India involves comparing its performance and offerings with other similar fitness centers in the country.
Compare membership fees and packages offered by Gold's Gym with its competitors
Analyze the range of equipment and facilities available at Gold's Gym compared to other gyms
Evaluate customer reviews and satisfaction levels to understand how Gold's Gym ranks among peers
Q30. Explain the intercompany process
Intercompany process involves transactions between two or more entities within the same organization.
Intercompany process is used to transfer goods or services between different entities of the same company
It involves creating intercompany sales orders, intercompany purchase orders, intercompany billing documents, and intercompany deliveries
The process ensures that the transactions are properly recorded in the books of accounts of each entity
It also involves reconciling inter...read more
Q31. how cicd pipeline works
CI/CD pipeline automates the process of integrating code changes, testing them, and deploying to production.
CI/CD stands for Continuous Integration/Continuous Deployment
It involves automating the steps of building, testing, and deploying code changes
Tools like Jenkins, GitLab CI/CD, and CircleCI are commonly used for setting up CI/CD pipelines
Developers commit code changes to a version control system, triggering the pipeline to start
Automated tests are run to ensure code qual...read more
Q32. What is RISK ?
Risk is the potential of gaining or losing something of value.
Risk is the uncertainty of outcome.
It involves the possibility of a negative or positive result.
Risk can be managed through strategies like risk mitigation and risk transfer.
Examples of risks include financial risk, health risk, and project risk.
Q33. Explain GST, VAT, Consolidation concept
GST and VAT are consumption taxes while consolidation concept refers to combining financial statements of multiple entities.
GST (Goods and Services Tax) is a consumption tax levied on the supply of goods and services in India.
VAT (Value Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production and distribution.
Consolidation concept refers to the process of combining the financial statements of multiple entities into a single s...read more
Q34. process of carbon credit
Carbon credits are a way to reduce greenhouse gas emissions by allowing companies to buy credits for their emissions and invest in projects that reduce emissions.
Carbon credits are a market-based mechanism to incentivize companies to reduce their greenhouse gas emissions.
Companies can buy carbon credits to offset their own emissions by investing in projects that reduce emissions, such as renewable energy or reforestation.
The process involves measuring, reporting, and verifyin...read more
Q35. 3 tier application on AWS
A 3 tier application on AWS involves separating the presentation, application, and data layers for scalability and flexibility.
Presentation tier: User interface, handles user interaction (e.g. web server)
Application tier: Business logic, processes requests (e.g. application server)
Data tier: Database, stores and retrieves data (e.g. RDS)
Use AWS services like EC2, Elastic Beanstalk, RDS, and S3 for each tier
Implement load balancing and auto-scaling for high availability and pe...read more
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