M&G Global Services Financial Analyst Interview Questions and Answers

A detailed case on Ind AS 115 was asked and I had to answer how will I account for it.

Q1. What are the disclosures under Ind AS 116?
Ans. 
Ind AS 116 requires disclosures related to leases.
• Disclosure of lease liabilities and right-of-use assets

• Information about lease terms, payments, and options

• Details of variable lease payments and lease incentives

• Information about leases that have not yet commenced

• Details of significant leasing arrangements

• Disclosure of the impact of Ind AS 116 on financial statements
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Q2. What do you understand by deferred tax asset/ liability?
Ans. 
Deferred tax asset/liability is the difference between tax payable and tax paid in a period due to timing differences.
• Deferred tax asset arises when tax paid is more than tax payable in a period due to timing differences.

• Deferred tax liability arises when tax payable is more than tax paid in a period due to timing differences.

• It is calculated using the tax rate that is expected to apply in the period when the asset/lia...read more
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Q1. Every possible question related to the Books of Accounts.
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Q2. Questios related to FP&A
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Q1. Checking communication skills Salary expectation and notice period Ask to describe your current profile Reason for leaving current company
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Q1. Depending on which department you are being interviewed.
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