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M/s P G Bhagwat Chartered Accountants Associate Interview Questions and Answers
M/s P G Bhagwat Chartered Accountants Associate Interview Experiences
1 interview found
Anonymous
Selected
(2 Questions)
- Q1. Eligibility of availing ITC ?
- Ans.
Input Tax Credit (ITC) can be availed by a registered person on the purchase of goods or services used for business purposes.
ITC can only be claimed by a registered person under GST.
The goods or services on which ITC is claimed must be used for business purposes.
ITC cannot be claimed for personal or non-business use.
ITC can be claimed on inputs, capital goods, and input services.
Conditions and restrictions apply for cl...
- Q2. E- Invoicing & HSN limits ?
- Ans.
E-invoicing is a system for electronically generating and submitting invoices. HSN limits refer to the turnover limits for businesses required to use the Harmonized System of Nomenclature codes on their invoices.
E-invoicing is a system that allows businesses to electronically generate and submit invoices to their customers.
It helps in reducing manual errors, improving efficiency, and streamlining the invoicing process.
...
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Interview Questionnaire
2 Questions
- Q1. Simple Case Interview
- Q2. Main case Round
Interview Preparation Tips
Experience: Adaptive DI test. Level of difficulty less than CAT.
Round: Case Study Interview
Experience: This is a very simple case interview. The case was as follows: Client is a micro-lender, they loan funds from a big bank @ 6% SI and loan out the money to farmers at 10% and 20% SI. The segmentation is 60% and 40% respectively. Calculate profit/customer. What is the profit if 2% customers default (uniformly from both segments) on the loan? (Ans: loss incurred)
Tips: This is a very simple round, just stick to the essentials of keeping your structure + calculations neat & clean. Communicate well. You'll get through.
Round: Case Study Interview
Experience: Case: We are a telecom company, planning to launch a new subscription plan. Decide if we should go ahead or not. The plan is as follows: We charge the customers $0.99 for the first 20 minutes and $0.08/minute thereafter. The cost incurred by the company is $0.07/minute. Should we go ahead with the plan?
You will be asked to draw a graph between Profit and minutes spent on a call. To come to a decision you might ask the interviewer for some more data like the distribution or the average time spent by a customer on a call. But none of this is information can be used to decide if we should go ahead with the plan. Unless you have a distribution of percentage of customers vs time spent on an avg call, you can not decide the fate of the plan.
On our campus, almost everybody answered a yes(go ahead) or a no for the plan and still got rejected. I think the actual answer is "None of the above. With the present information nobody can predict if the plan will be profitable in the long run.
Please do not say we can use historical data to come to a conclusion, I did, the question he then posed to me is can we really use historical data to predict the usage pattern of this plan by our customers?? The answer is no, we can not use historical data, as the customers will have an incentive to speak for close to 20 minutes per call.
I also looked at the problem from a customers point of view to check if a customer has an incentive to pick this plan over the others. I asked for the cheapest plan/s out in the market currently, so the interviewer told me that the cheapest plan cost the customer $0.08/minute.
After getting this data, I looked at intersection of the time band at which it becomes cheaper for the customer to pick our plan over the 8 cents plan and the time band which is profitable for us.
I came to the conclusion that the band is very narrow to be profitable and that I do not think that it will generate net profits. So we should not go ahead with the plan.
I assumed that there wont be a large chunk of customers in the above mentioned time band. This is what I think my mistake was.
I believe there is no way of definitely saying whether we should go ahead or not. Hence the answer must be Cant be Determined.
FYI: I also suggested him to launch it in a small region/zone so as to figure out the distribution of customers. No good.
Skills:
College Name: IIT Kanpur
Motivation: Chill out workplace. No pressure of work. But no future either :P wont land you in a great B-school. This is just an office opened by a recently grown American company. They have an office in India just to show the Investors that they plan on expanding and are investing in India and Philippines. I don't think the real work happens here. This might sound like a rant, but you should go ahead and prepare for this company. Its one of the best options straight out of college. Or to settle down or if you like to chill a lot....
Divyesh Mistry
Interview Questionnaire
6 Questions
- Q1. Finding the average profit on a given loan
- Ans.
To find the average profit on a given loan, divide the total profit by the number of loans.
Calculate the total profit earned on the loan
Determine the number of loans
Divide the total profit by the number of loans to find the average profit
Example: If the total profit earned on 10 loans is $1000, the average profit per loan is $100
- Q2. Choosing between two marketing schemes
- Ans.
When choosing between two marketing schemes, it's important to consider the target audience, budget, and goals.
Consider the target audience and which scheme would be more appealing to them
Evaluate the budget and determine which scheme is more cost-effective
Assess the goals of the marketing campaign and choose the scheme that aligns best with those goals
Conduct market research to gather data on the effectiveness of each...
- Q3. Economics of setting up a new ATM
- Ans.
Setting up a new ATM involves various costs and considerations such as location, equipment, maintenance, and security.
Location is a crucial factor in determining the success of an ATM. It should be easily accessible and visible to potential users.
Equipment costs include the ATM machine, software, and communication systems.
Maintenance costs include regular servicing, cash replenishment, and repairs.
Security measures suc...
- Q4. Tell us a time when you asked your peers for help and what was the result
- Ans.
I asked my peers for help when I was struggling with a project deadline.
I explained my situation and asked for their input
They were able to offer suggestions and resources that helped me meet the deadline
I expressed my gratitude and offered to return the favor in the future
- Q5. Tell us a time when you had to learn something new for an assignment/project
- Ans.
I had to learn a new programming language for a project
Researched online resources and tutorials
Practiced coding exercises to gain proficiency
Collaborated with team members who were experienced in the language
Implemented the language in the project successfully
- Q6. Tell us a time when you delivered results in a short deadline while working in a team
- Ans.
I led a team to complete a project in 3 days instead of 5
Set clear goals and priorities
Divide tasks among team members based on strengths
Communicate regularly to ensure progress and address issues
Worked overtime to meet the deadline
Received positive feedback from the client
Interview Preparation Tips
Experience: The test basically involved solving 15 Data interpretation questions. The test was pretty easy, and hence accuracy was very important to qualify for the next round.
Tips: Solving DI questions from any CAT practice book will be more than enough. The actual questions in the test are much easier. Just be read the question carefully and you will be able to solve it.
Total Questions: 15
Round: Case Study Interview
Experience: Initially the interviewer tests your basically conceptual knowledge regarding the cost and revenue streams for a loan and then expects you to calculate the average profit given the required data. This was a pretty small interview lasting only about 10-12 minutes or so.
Tips: Keep conversing with the interviewer and clarify any doubts. Do not mess up with the calculation.
Round: Case Study Interview
Experience: Again, the interviewer tests your basic understanding regarding making a decision to select between two marketing schemes. Then, after being provided relevant information, you are expected to make an informed decision, do the break-even analysis and plot a graph.
Tips: You need to show the interviewer your grasp of business concepts. A good knowledge about economics and a business acumen helps. The math is easy, just be careful not to mess it up. Also, keep conversing with the interviewer and help him understand your line of thinking, this would enable him to assist you and get you on the right path.
Round: Case Study Interview
Experience: You are expected to do the math to assess the profitability of an ATM and qualitatively discuss the factors to be considered while setting up a new ATM.
Tips: Again, think aloud and use your common sense if ever you feel that you do not know an answer. But mainly be confident.
Round: Behavioural Interview
Experience: The interviewer is very friendly and it is more of a chat than an interview. Also, they will get into the specifics of the example you provide just to understand the situation better and to know how you handled the situation.
Tips: Be well prepared with all the general HR and behavioral questions and think about specific examples that you would like to bring up.
General Tips: To sum it up, more than anything, just be confident.
Skill Tips: If you are selected for the interview, chances are that you already have the necessary math skills to succeed. Remember, the only things which are going to get you through are confidence, alertness and business acumen.
Skills: Confidence, Communication, Basic Mathematics
College Name: IIT Bombay
I applied via Campus Placement
Interview Questionnaire
3 Questions
- Q1. Money Lending Business
- Q2. Customer Acquisition (Break Even Analysis)
- Q3. Customer Delinquency and Fraud Management
Interview Preparation Tips
Experience: Resume Shortlist was strictly done on the basis of CGPA ! All candidates with CGPA 7.0 and above were shortlisted for the test.
Round: Test
Experience: A total of 30 questions were given to completed in a short span of 35 minutes. A set of 5-6 questions were based on a set of three graphs (generally line chart, pie chart, bar graph). Questions were based on simple calculations and test was aimed at keeping a check on accuracy and speed of the candidate
Tips: Practice a few Data Interpretation exercise to understand the graphs easily.
Duration: 35 minutes
Total Questions: 30
Round: Case Study Interview
Experience: The case was about Market entry for a Money Lender in a village. The case included identification of potential customer segment, revenue streams. Then there was some data provided regarding the interest and various kind of loan models that would be used by the lender. I was then asked to work on the profitability. This case was more on the qualitative side.
Tips: - Keep communicating with the interviewer. Involve him in the case solving process.
- If at any point of time, you are unsure about the approach you are following, ask the interviewer.
Round: Case Study Interview
Experience: The case was about a credit card company who uses various kind of marketing strategies (mail, calls etc) for customer acquisition. The interviewer started with the discussion on the marketing techniques. The data included costs, acquisition rate, and the average profits. I was asked to calculate the break even point.
The case was numerical and easy to crack once the data was provided.
Tips: - Calculate accurately. Never answer wrong because of the speed.
Round: Case Study Interview
Experience: The case was about a bank who was observing a higher delinquency rate and fraud. The data provided was about loss per customer, average revenue etc. The case typically numerical after some discussion on strategy about reducing fraud.
Skills: Speed, Accuracy, Ability To Analyse
Duration: 2
College Name: IIT Kharagpur
Motivation: Good Perks, Big Brand.
Interview Questionnaire
1 Question
- Q1. Profitability analysis in the credit cards business
- Ans.
Profitability analysis in the credit cards business involves evaluating the financial performance and returns generated by credit card operations.
Profitability analysis helps assess the effectiveness of credit card strategies and identify areas for improvement.
Key metrics for profitability analysis include net interest margin, fee income, credit losses, and operating expenses.
Comparing profitability across different cu...
Interview Preparation Tips
Duration: 30 minutes
Total Questions: 35
Round: Case Study Interview
Experience: One mini calculative case interview and 2 major calculative
General Tips: Don’t relax too much and do prepare religiously inspite of whether or not your wingie or close friend is taking placements seriously. Also, do help out your wing mates once you are done with yours. There is no better joy than seeing a close friend landing up a dream job. Most importantly, never lose hope. This comes from a 7.1 who failed to make into the shortlists of every company for internships and still landed a job within the first 3 hours on the first day. Just keep believing you’ll do well and you would.
College Name: IIT Kanpur
Interview Preparation Tips
Experience: After the 4th round, they told me that they were making me an offer, and that was a big moment of relief for me.
General Tips: Prepare well for the GDs’ and interview because, a good CV only takes you to the interview and becomes irrelevant after that. Only preparation matters in selection. Also, prioritize your sectors based on your interest, and profile. Be realistic and practical while doing this. Also, If possible, keep one or two options ready beforehand (Ph.D., MBA, civil services, startup/family business) in case you are not able to crack a good job as it prevents you from getting panic. Also, if you are shortlisted in multiple companies in a single slot, do take a friend with you to manage everything. Never be overconfident if you have a very good CV. There have been various instances where many so-called high profile people have struggled with placements due to lack of preparation. Also, do not waste your time preparing for all the sectors, as you won’t be able to become a master in any of them.
Skills:
College Name: IIT Kanpur
I applied via Walk-in and was interviewed before Jun 2020. There were 5 interview rounds.
Interview Questionnaire
3 Questions
- Q1. Tell me about yourself
- Q2. How much knowledge do you have in Insurance
- Ans.
I have a strong knowledge in insurance.
I have a deep understanding of insurance policies and coverage.
I am familiar with different types of insurance such as life, health, auto, and property.
I have experience in analyzing insurance claims and determining coverage eligibility.
I am knowledgeable about insurance regulations and compliance.
I have worked with insurance companies and clients to provide accurate and timely in...
- Q3. They will ask you about your previous experience
Interview Preparation Tips
1) Focus about technical skills and Analytical skills
2) Gain knowledge about insurance and about insurance industry
3) They will check your verbal ability
Interview Questionnaire
1 Question
- Q1. Why you want to join this company?
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed in May 2021. There was 1 interview round.
Interview Questionnaire
6 Questions
- Q1. Tell me about yourself
- Q2. What is tangible asset
- Ans.
A tangible asset is a physical asset that has a measurable value and can be seen or touched.
Examples include buildings, land, machinery, and inventory.
Tangible assets are typically depreciated over time.
They are recorded on a company's balance sheet.
Tangible assets can be bought, sold, or traded.
They are different from intangible assets, such as patents or trademarks.
- Q3. What is intangible asset
- Ans.
An intangible asset is a non-physical asset that has no intrinsic value but has value due to its legal or intellectual property rights.
Intangible assets include patents, trademarks, copyrights, and goodwill.
They cannot be touched or seen but can be owned and traded.
Their value is based on their ability to generate revenue or provide a competitive advantage.
Intangible assets are recorded on a company's balance sheet and...
- Q4. What is insurance
- Q5. What is account payable
- Q6. What is account receivables
- Ans.
Account receivables refer to the money owed to a company by its customers for goods or services provided on credit.
It is a type of asset on a company's balance sheet
It represents the amount of money owed to the company by its customers
It is typically collected within a certain period of time, usually 30-90 days
Examples include unpaid invoices, outstanding bills, and overdue payments
I applied via Recruitment Consultant and was interviewed in Jan 2021. There were 5 interview rounds.
Interview Questionnaire
6 Questions
- Q1. Insurance topics
- Q2. What is insurance
- Q3. Underwriter
- Q4. Nominee
- Q5. Premium
- Q6. Types of insurance
- Ans.
Types of insurance include life, health, auto, home, and travel.
Life insurance provides financial support to beneficiaries upon the policyholder's death.
Health insurance covers medical expenses and treatments.
Auto insurance covers damages and injuries resulting from car accidents.
Home insurance covers damages to the home and personal property.
Travel insurance covers unexpected events while traveling, such as trip cance...
Interview Preparation Tips
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