Ni Consulting Services Interview Questions and Answers

Q1. Purchase checklist in manufacturing entities
Ans. 
A purchase checklist in manufacturing entities ensures all necessary items are acquired for production.
• Identify required raw materials and components

• Check inventory levels to avoid overstock or stockouts

• Verify supplier credentials and negotiate prices

• Ensure timely delivery schedules are met

• Monitor quality of purchased items
Answered by AI
Add your answer

Q1. Tell me about yourself
Add your answer
Q2. Share experience
Add your answer
Q3. Salary expectation
Add your answer
Q4. Work location is fine to you?
Add your answer

Q1. Best audit remarks discovered till date
Ans. 
One of the best audit remarks discovered was related to identifying a significant financial discrepancy in the company's revenue recognition process.
• Identifying a significant financial discrepancy in revenue recognition process

• Highlighting potential risks in the company's financial reporting

• Providing recommendations for improving internal controls
Answered by AI
Add your answer
Q2. Why want to join in audit
Add your answer
Q3. Types of audit done
Ans. 
Types of audit include financial audit, operational audit, compliance audit, and forensic audit.
• Financial audit: examines financial statements to ensure accuracy and compliance with laws and regulations

• Operational audit: evaluates the efficiency and effectiveness of operations within an organization

• Compliance audit: verifies adherence to laws, regulations, and internal policies

• Forensic audit: investigates potential fra
Answered by AI
Add your answer
Q4. Fine with job Location
Add your answer

Q1. Fine with job location
Add your answer
Q2. Excel expertise
Add your answer

Adobe Iluustrator assignment of a 4 pager layout

Q1. How will you deal with multiple projects
Add your answer
Q2. How to deal with work related issues
Ans. 
Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.
• Communicate openly with colleagues and supervisors to address any issues that arise

• Seek solutions collaboratively by brainstorming with team members and seeking input from others

• Prioritize tasks effectively to ensure that important issues are addressed in a timely manner
Answered by AI
Add your answer

Q1. Non related to technology
Add your answer
Q2. Very bad behavior company all person
Add your answer

Basic Accounting rectification entries, Basic Code based reasoning, and directional questions

Q1. Mutual Fund and hedging
Add your answer
Q2. Why do you want to switch
Add your answer
Q3. Why you want to work at NAV
Add your answer
Q4. Basic Numerical question of NAV Calculation
Add your answer

Q1. Which profile you want to choose
Add your answer
Q2. Salary expectation
Add your answer

Good, based on accounting and taxation

Q1. Indian basic taxation
Add your answer

Q1. Journal entries related to deferred revenue, accrual
Add your answer
Q2. Journal entries related to recording of expenses and incomes
Add your answer

Assignment is accounting related

Q1. Concept of deffered accounting
Ans. 
Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
Answered by AI
Add your answer
Q2. Journal entries for amortization
Ans. 
Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
Answered by AI
Add your answer
Q3. Depreciation accounting
Add your answer

Q1. Salary discussion
Add your answer