Orient Electric Counsellor Interview Questions and Answers

Q1. What major change brought IND AS 115
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Q2. What is contingent liability
Ans. 
Contingent liability is a potential obligation that may arise in the future depending on the outcome of a specific event.
• It is a possible liability that may or may not occur in the future

• It depends on the outcome of a specific event

• It is recorded in the financial statements as a footnote

• Examples include pending lawsuits, warranties, and guarantees
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Q3. How do you deal with conflict with co-worker
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Q4. Difference between accrual and provision
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Accrual is recognition of revenue or expense before payment. Provision is an estimated expense or liability.
• Accrual is recognized when revenue or expense is incurred, regardless of payment.

• Provision is an estimated expense or liability that may or may not occur in the future.

• Accrual is a part of the accounting process, while provision is a part of financial planning.

• Examples of accrual include salaries payable and inte...read more
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Q1. Why should we hire you
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Q2. What is your strenght
Ans. 
My strength lies in my ability to lead and motivate teams towards achieving common goals.
• Effective communication skills

• Strong problem-solving abilities

• Ability to delegate tasks and responsibilities

• Experience in managing diverse teams

• Proven track record of achieving targets and deadlines
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Q1. Operations, manufacturing & PT making parts.
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Technical round

Q1. Technical round by top management
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Q1. They ask introduction ,about yourself. Family background
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Q2. Thay asked technical questions about past experience
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Q3. They asked about costing part for product
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Q1. Basis alignment of job discription with resume
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Ensure job description matches resume by highlighting relevant skills and experiences.
• Review job description and identify key skills and experiences required

• Tailor resume to highlight relevant skills and experiences that align with job description

• Provide specific examples in resume that demonstrate proficiency in required areas
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Q1. Related with Regulatory compliance
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Q1. Regarding mandatory compliance
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Q1. What kind of skills you have
Ans. 
I have a diverse range of skills including leadership, communication, problem-solving, and strategic planning.
• Leadership: I have successfully managed teams and projects, providing guidance and support to achieve goals.

• Communication: I am skilled in both written and verbal communication, able to effectively convey ideas and information.

• Problem-solving: I have a strong analytical mindset and can identify and resolve comp...read more
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Q2. Ask the question related subjects
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Q3. Explain the overall experience
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The overall experience was highly rewarding and impactful.
• Successfully managed a team of 20 employees and achieved a 20% increase in productivity.

• Implemented new strategies that resulted in a 15% reduction in costs.

• Led a project that resulted in a 30% increase in customer satisfaction.

• Developed and maintained strong relationships with key stakeholders.

• Effectively resolved conflicts and promoted a positive work environm
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Q4. Define the process what you learn in current job
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The process of learning in my current job involves continuous learning, applying new knowledge, and reflecting on experiences.
• Continuous learning through attending workshops, webinars, and conferences

• Applying new knowledge by implementing new strategies and techniques in daily tasks

• Reflecting on experiences by analyzing successes and failures and identifying areas for improvement

• Seeking feedback from colleagues and sup
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