LTIMindtree Executive Accountant Interview Questions and Answers

On the subjective mode of applied for

On various aspects of business related topics

The process of giving a particular job or piece of work to someone, or of sending someone to a chosen place to do a job

Q1. The term "technical" is often used to refer to the level of depth or expertise a person has on a subject.
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Q2. Because I can see that my skills could help solve this problem within your company.
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Q3. A common question employers ask in interviews is, "Why are you interested in this job?" Here's how to answer this question in three easy steps
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Q4. “I see this opportunity as a way to contribute to an exciting/forward-thinking/fast-moving company
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Q5. Find a way to reiterate your interest in the position; add in some things you learned about the company from the interview
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Q6. Interview to assess your technical ability for t designed to assess your problem-solving skills, your communication skills, and your ability to think under pressurehe role.
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Q7. Technical round is one of the intervew process which decides whether you are eligible to get that job or not. so before entering to interview hall a candidate must check out these
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Q1. What are a three golden rules
Ans. 
The three golden rules of accounting are the principles that guide the recording of financial transactions.
• The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

• The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

• The third golden rule is the Nominal Account rule, which states that debit all expenses and l
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Q2. Just for information GAAP
Ans. These Accounting concepts or principles are known as Generally accepted Accounting Principles (GAAP)
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Q3. What is GST? Ans - GST full form Goods & services Tax . GST is a indirect Tax. Always GST in go to Supply &services
Ans. 
GST is an indirect tax on the supply of goods and services in India.
• GST stands for Goods and Services Tax.

• It is a comprehensive tax levied on the supply of goods and services in India.

• It is a destination-based tax, which means that it is levied at the point of consumption.

• GST has replaced multiple indirect taxes like excise duty, service tax, VAT, etc.

• It has simplified the tax structure and made it easier for businesse
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Q4. What is Income Tax? This is Direct Tax. It is valuet in annual Income .
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Income tax is a direct tax levied on an individual's or entity's income by the government.
• It is calculated as a percentage of the income earned by an individual or entity.

• The tax rates vary depending on the income bracket and the tax laws of the country.

• The tax collected is used by the government to fund public services and infrastructure.

• Examples of income that are subject to income tax include salaries, wages, rental...read more
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General knowledge, excel, english grammar, mathematics

Q1. Tell me about yourself.
Ans. 
Experienced Accounts Executive with a strong background in financial management and analysis.
• Over 5 years of experience in managing accounts payable and receivable

• Proficient in financial reporting and analysis

• Skilled in budgeting and forecasting

• Strong attention to detail and accuracy

• Excellent communication and interpersonal skills
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Q2. Tell me about your experience.
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I have over 5 years of experience in accounts management, including budgeting, financial reporting, and analysis.
• Managed accounts payable and receivable processes

• Prepared monthly financial statements and reports

• Assisted in budgeting and forecasting

• Conducted variance analysis to identify financial discrepancies
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Q1. Question based on process
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Q2. Technical skills
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Group discussion buildup knowledge.and I'm gain the interview crack.but any resion I'm not selected in the IBM. and try to next time but IBM join in my passion.or find to the get a job

Q1. Accounting related interview
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Q2. What's your hobby Where is the MBA DEGREE.belong to University. Eacektra
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B. Com computer applications in c java based programs

Group decisions in team members encouragement

Q1. Basic Accounting questions
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Q2. Tell me about financial statements
Ans. 
Financial statements are reports that show the financial performance of a company over a specific period of time.
• There are three main financial statements: balance sheet, income statement, and cash flow statement.

• The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

• The income statement shows a company's revenue, expenses, and net income over a specific period of time.

• The cash ...read more
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Q3. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the rule of debit and credit.

• The second golden rule is the rule of assets and liabilities.

• The third golden rule is the rule of income and expenses.

• These rules ensure accuracy and consistency in financial reporting.

• For example, if a company purchases inventory on credit, the rule of debit and credi...read more
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Q4. What is net worth and its formula
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Net worth is the value of assets minus liabilities of an individual or company.
• Net worth = Assets - Liabilities

• Assets include cash, investments, property, and other valuables

• Liabilities include debts, loans, and other financial obligations

• Net worth is a measure of financial health and stability

• Example: If an individual has $100,000 in assets and $50,000 in liabilities, their net worth is $50,000
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