McKinsey & Company Assistant Manager Interview Questions and Answers

Q1. Audit procedure of payroll expenses
Ans. 
Audit procedure of payroll expenses involves reviewing payroll records, verifying accuracy, checking for compliance with laws and regulations.
• Review payroll records for accuracy and completeness

• Verify payroll expenses against approved budgets and contracts

• Check for compliance with labor laws and regulations

• Confirm that payroll taxes are calculated correctly

• Compare payroll expenses to previous periods for consistency

• Per...read more
Answered by AI
Add your answer
Q2. Audit procedure of revenue
Ans. 
Audit procedure of revenue involves verifying the accuracy and completeness of revenue transactions.
• Reviewing sales contracts and agreements

• Testing the accuracy of revenue recognition

• Confirming revenue with customers

• Analyzing revenue trends and anomalies

• Checking for proper documentation and authorization

• Performing cutoff tests to ensure revenue is recorded in the correct period
Answered by AI
Add your answer

Q1. Audit procedure payroll
Add your answer

Q1. Ind As 115 - Multiple performance obligation
Add your answer
Q2. Ind AS 116 - Recognition criteria
Ans. 
Ind AS 116 sets out the principles for the recognition of leases by lessees and lessors.
• Leases are recognized as assets and liabilities on the balance sheet

• The lease term is the non-cancellable period for which the lessee has the right to use the underlying asset

• The lease payments are apportioned between interest expense and reduction of the lease liability

• Initial direct costs incurred by the lessee are added to the am...read more
Answered by AI
Add your answer

Analytical knowledge

Q1. Question was as per the job profile.
Add your answer
Q2. Past experience and discussion on the past assignment performed.
Add your answer

Q1. One on one technical interview by project manager.
Add your answer

Q1. Salary negotiations.
Add your answer

General Aptitude Questions

Guessestimates related to consumer packaged goods, health care and industrials

Q1. Managerial questions
Add your answer
Q2. HR related questions
Add your answer

It was very hard even I couldn't clear

Q1. Why should we choose you
Add your answer
Q2. What are your strengths
Add your answer

Q1. Describe about yourself
Add your answer
Q2. Work experience
Add your answer

Online aptitude test

Q1. Basic information
Add your answer
Q2. Questions related to defined benefits
Add your answer

Q1. Salary expectation
Add your answer
Q2. Location preference
Add your answer
Q3. Previous experience
Add your answer

Case study to present for panel