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LTIMindtree Senior Executive Finance & Accounts Interview Questions and Answers
LTIMindtree Senior Executive Finance & Accounts Interview Experiences
1 interview found
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed in Apr 2022. There were 3 interview rounds.
Logical and reasoning test with various diagrams and guessing the last image in the sequence. Grammar test.
(2 Questions)
- Q1. Introduce yourself, take me through your resume, family background
- Q2. How would you analyse a company, current affairs
Interview Preparation Tips
- Finance
- Taxation
- Accounts
- Investments
If you've scored good marks in any subject, expect questions on that as well
Interview questions from similar companies
Senior Executive Finance & Accounts Interview Questions & Answers
Wipro
Anonymous
posted on 8 May 2022
I applied via Approached by Company and was interviewed in Nov 2021. There was 1 interview round.
(4 Questions)
- Q1. Tell me 5 steps of ind as 115
- Ans.
Ind AS 115 is a revenue recognition standard that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers.
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue when (or as) the entity satisfies a performance o
- Q2. How the accounting is to be done in ind as 102 shate base payment
- Ans.
Accounting for share-based payments under Ind AS 102
Determine the fair value of the share-based payment
Recognize the fair value as an expense over the vesting period
Create a liability for the fair value of the share-based payment
Disclose the details of the share-based payment in the financial statements
- Q3. What is difference between ind as 116 and as 16
- Ans.
Ind AS 116 is the Indian version of IFRS 16, while AS 16 is the old Indian accounting standard for leases.
Ind AS 116 is effective from April 1, 2019, while AS 16 was effective from April 1, 2001.
Ind AS 116 requires lessees to recognize most leases on their balance sheet, while AS 16 only required finance leases to be recognized on the balance sheet.
Ind AS 116 eliminates the distinction between operating and finance lea...
- Q4. Difference between fair value and intric value
- Ans.
Fair value is the estimated worth of an asset or liability, while intrinsic value is the true underlying value of an asset or liability.
Fair value is determined based on market prices or valuation techniques, while intrinsic value is calculated based on fundamental analysis.
Fair value is used for financial reporting and accounting purposes, while intrinsic value is used for investment decision-making.
Fair value can flu...
Interview Preparation Tips
I applied via Referral and was interviewed in Dec 2024. There was 1 interview round.
(2 Questions)
- Q1. What is depreciation?
- Q2. Full form of COGS ?
Interview Preparation Tips
(5 Questions)
- Q1. Explain budgeting
- Q2. Explain forecasting
- Q3. Explain revenue recognition
- Q4. Rent accured ledger entry
- Q5. Why is asset recognised or depreciated in balance sheet
Rahul Beri
(2 Questions)
- Q1. Account payable?
- Q2. Difference between Profit & Revenue
(1 Question)
- Q1. What is the capital market?
(2 Questions)
- Q1. What is contingent liabilities
- Ans.
Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.
They are dependent on a future event occurring or not occurring.
Examples include lawsuits, warranties, and guarantees.
If the contingent liability is probable and the amount can be estimated, it should be recor
- Q2. What is provision
- Ans.
Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
Provision is a liability that is recognized on the balance sheet.
It is used to account for potential future expenses or losses that are uncertain but likely to occur.
Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
Interview Preparation Tips
Skills evaluated in this interview
s n harish
(2 Questions)
- Q1. Tell me about yourself
- Ans.
Experienced finance executive with a strong background in financial analysis and strategic planning.
Over 10 years of experience in finance roles
Expertise in financial modeling and forecasting
Proven track record of driving profitability and growth
Strong leadership and communication skills
Previously worked as a Finance Manager at XYZ Company
- Q2. What is accounting
- Ans.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions such as sales, purchases, and expenses.
It includes summarizing the financial data into financial statements like balance sheets and income statements.
Accounting also involves analyzing the financial information to provide insights for decision-making.
Rep...
Financial Analyst Interview Questions & Answers
DXC Technology
nagarjun.l Vasista
posted on 26 Nov 2024
Selected
I applied via Referral and was interviewed in May 2024. There was 1 interview round.
(2 Questions)
- Q1. About revenue recognition
- Q2. Forecasting, Budgeting
It represents a person's level of competency to perform a certain type of task. Aptitude tests are often used to assess academic potential or career suitability and may be used to assess either mental or physical talent in a variety Domains
(4 Questions)
- Q1. Asking many questions like introduction
- Q2. What is your Qualification
- Q3. Related to our qualification background
- Q4. Our skills and knowledge cheking
Involve working through a business problem or scenario with the interviewer to reach a logical conclusion.
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