Laabdhi Outsource Services Fianance and Accounts Executive Interview Questions and Answers

An aptitude test is a standardized assessment that measures a person's abilities, skills, and potential to perform in a specific role or field. Aptitude tests can be used in a variety of settings, including schools and by human resources departments at companies

Group discussion is a process of exchanging ideas and opinions among people on a particular topic. It is a structured form of communication where individuals participate in a conversation to express their views and listen to others' perspectives on the same topic

Topic Discussion on Artificial intelligence

Preparation of ledger to balance sheet

Q1. Journal entries
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Q2. Accounting Basics
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Q1. About company, previous Experience
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Q2. Journal entries
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Q1. Normal introduction
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Q2. Salary Discussion
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Q1. What is depreciation, accrual, prepayment?
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Depreciation is the allocation of the cost of an asset over its useful life, accrual is recognizing revenue and expenses when they are incurred, and prepayment is paying for expenses before they are incurred.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet over time.

• Accrual accounting matches revenue and expenses to the period they are incurred, not when cash is exchanged.

• Prepa...read more
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Q2. Diffence between test of details and controls?
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Test of details focuses on specific transactions or account balances, while controls test the effectiveness of internal controls.
• Test of details involves examining individual transactions or account balances to ensure accuracy and completeness.

• Controls testing evaluates the effectiveness of internal controls in preventing or detecting errors or fraud.

• Test of details may involve confirming account balances with third pa...read more
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Q3. Audit procedures for purchase cycle, payroll?
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Audit procedures for purchase cycle and payroll involve verifying transactions, reconciling accounts, and testing internal controls.
• Verify purchase orders, invoices, and payments match

• Reconcile accounts payable ledger to vendor statements

• Test segregation of duties in payroll processing

• Review payroll register for accuracy and completeness

• Confirm payroll taxes are properly withheld and remitted
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Q4. Revenue recognition as per IFRS?
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Revenue recognition under IFRS involves recognizing revenue when it is earned and realizable, regardless of when cash is received.
• Revenue is recognized when it is probable that economic benefits will flow to the entity and the revenue can be reliably measured.

• Revenue is measured at the fair value of the consideration received or receivable.

• Revenue recognition criteria include transfer of risks and rewards, no continuin...read more
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Q5. What is deferred tax and why deferred tax?
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Deferred tax is a balance sheet item that represents the tax consequences of temporary differences between accounting income and taxable income.
• Deferred tax arises due to timing differences in recognizing income and expenses for tax and accounting purposes.

• It is recorded on the balance sheet as a liability or asset depending on whether the tax payable is more or less than the tax expense recognized in the income statem...read more
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Q1. Why you want to join BDO?
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Q2. What is the reason for applying for this position?
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Q3. Where do you see yourself in 5 years?
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Q4. Tell me your previous experience on how did you manage excess work pressure?
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Q5. How will you deal with demanding clients?
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Q6. How will you deal with client whet it's not our fault?
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I would empathize with the client, explain the situation calmly, offer solutions or alternatives, and ensure their satisfaction.
• Listen to the client's concerns and acknowledge their feelings

• Explain the situation calmly and objectively

• Offer solutions or alternatives to address the issue

• Ensure the client's satisfaction and maintain a positive relationship
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Q7. Would you be able to face clients and how would you negotiate for realistic deadlines if client is proposing unrealistic deadlines?
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3 hours of test with 100 Marks consisting of 50 marks Journal Entries

Q1. I have not given 2nd round yet. Will share after completion
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Q2. I have not given 2nd round yet
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Q3. Basic Accounting Principles
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Q4. About GAAP and Accounting Test
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Q5. 100 Marks accounting test
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Accounting book maintain at gujarat minarat development corporation limited, (goverment company) Internal audit, statutory audit, tax audit,

Coating related discussion and cost cutting witch area are highly coasting so i reducing the cost this side and proper prepare presentation to my bos

Q1. Tell me about your self
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Q1. About Yourself And Studies
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Excel and Maths Questions

Q1. Previous job experience
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