Mahajan & Aibara Senior Analyst Interview Questions and Answers

Q1. Experience in various fields
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Q2. Different fields in worked in audit
Ans. 
I have worked in audit fields such as financial, operational, compliance, and IT audits.
• Financial audits involve examining financial statements and records to ensure accuracy and compliance with accounting standards.

• Operational audits focus on evaluating the efficiency and effectiveness of business operations.

• Compliance audits ensure that organizations are following laws, regulations, and internal policies.

• IT audits as...read more
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General accounting question and mental ability

Q1. One to one question about previous work details
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Q1. Final round with senior manager
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Q1. Tell me about yourself
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Q2. What is book keeping
Ans. 
Bookkeeping is the process of recording and organizing financial transactions of a business.
• Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.

• It helps in maintaining accurate financial records and tracking the financial health of a business.

• Bookkeeping includes tasks like recording transactions in journals, posting entries to ledgers, and preparing financial statements.

• It...read more
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Q3. Are you comforatble to travel to Wazirpur
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Q4. Are you ok with 11am shift
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Q5. What is accounting
Ans. 
Accounting is the process of recording, summarizing, and analyzing financial transactions of a business.
• Accounting involves the systematic recording of financial transactions.

• It includes summarizing and organizing financial data into financial statements.

• Accounting also involves analyzing financial information to provide insights and make informed decisions.

• Examples of accounting activities include bookkeeping, prepari...read more
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Q1. What is the accrual process, and can you provide an example?
Ans. 
Accrual process is a method of recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual process involves recording revenues and expenses in the period they are earned or incurred, regardless of when cash is received or paid.

• This method provides a more accurate representation of a company's financial position and performance.

• For example, if a company provides services in Dec...read more
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Q2. What is the prepaid process and how does it impact the profit and loss statement?
Ans. 
Prepaid process involves receiving payment for goods or services before they are delivered, impacting profit and loss statement by deferring revenue recognition.
• Prepaid process involves receiving payment in advance for goods or services.

• Revenue from prepaid items is recognized gradually over time as the goods or services are delivered.

• Prepaid expenses are recorded as assets on the balance sheet until they are used or e...read more
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Q1. Experience in various fields
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Q2. Different fields in worked in audit
Ans. 
I have worked in audit fields such as financial, operational, compliance, and IT audits.
• Financial audits involve examining financial statements and records to ensure accuracy and compliance with accounting standards.

• Operational audits focus on evaluating the efficiency and effectiveness of business operations.

• Compliance audits ensure that organizations are following laws, regulations, and internal policies.

• IT audits as...read more
Answered by AI
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General Accounting concepts and numerical question

Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Why are you looking for a change?
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Q4. What are your strengths and weaknesses?
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Q5. Tell me about yourself.
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Q1. Golden Rules, Fixed asset Disposal Entry,Accrual and prepaid, Analytical review of financial statement.
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Q1. About your self, salary expectation,work pressure, experience.
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Good, based on accounting and taxation

Q1. Indian basic taxation
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