MBG Corporate Services Team Manager Interview Questions and Answers for Experienced

Q1. Difference between GAAP and GAAS
Ans. 
GAAP is a set of accounting standards used in the US, while GAAS is a set of auditing standards used by auditors.
• GAAP (Generally Accepted Accounting Principles) are a set of accounting standards used to prepare financial statements in the US.

• GAAS (Generally Accepted Auditing Standards) are a set of standards used by auditors to conduct audits of financial statements.

• GAAP focuses on how financial information is recorded...read more
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Q2. Difference between IFRS and IAS
Ans. 
IFRS and IAS are both accounting standards, with IFRS being more comprehensive and globally accepted.
• IFRS (International Financial Reporting Standards) is a set of accounting standards developed by the International Accounting Standards Board (IASB).

• IAS (International Accounting Standards) were the older set of standards issued by the International Accounting Standards Committee (IASC), which have now been replaced by ...read more
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Q1. Difference between GAAP and GAAS
Ans. 
GAAP is accounting principles used for financial reporting, while GAAS is auditing standards used for auditing financial statements.
• GAAP (Generally Accepted Accounting Principles) are a set of accounting standards used for preparing financial statements.

• GAAS (Generally Accepted Auditing Standards) are a set of standards used for auditing financial statements to ensure accuracy and reliability.

• GAAP focuses on the prepar...read more
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It was mainly a test of writingm they givebyou a topic and ask you to write some views onit

Q1. With a hectic schedule how can you manage your work life balance?
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Q2. Through scheduling and efficient time management. Compartmentalizing time. Delegating.
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Q1. Details of Process
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Q2. Automation if any and way forward
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Q1. Consulting experience
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Q2. Metrics and kpis
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Q1. ISO standards and implementation
Ans. 
ISO standards are internationally recognized guidelines for quality management systems. Implementation involves establishing processes and procedures to meet these standards.
• ISO standards help organizations ensure quality, efficiency, and consistency in their products or services.

• Implementation involves conducting a gap analysis to identify areas where current processes do not meet ISO requirements.

• Developing a plan to...read more
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Q2. Customer facing roles
Ans. 
Customer facing roles involve interacting with customers to address their needs and concerns.
• Effective communication skills are essential

• Ability to remain calm and professional under pressure

• Empathy and understanding towards customer's concerns

• Problem-solving skills to resolve issues efficiently

• Product knowledge to provide accurate information to customers
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Q1. The questions were more about project management and team management
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Q2. Global mobility related questions
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Q1. Describe your current project
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Q1. Technical questions on Python
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Q2. Technical questions on Python
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