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I applied via Company Website and was interviewed in Dec 2024. There was 1 interview round.
Types of leases under Ind AS 116 include finance leases and operating leases.
Finance leases involve transferring substantially all risks and rewards of ownership to the lessee.
Operating leases do not transfer risks and rewards of ownership to the lessee.
Examples of finance leases include long-term equipment leases, while examples of operating leases include short-term office space rentals.
Debtor O/s from 3 years should be investigated thoroughly and disclosed appropriately in the audit report.
Review the aging of the debtor and assess the collectability of the outstanding amount.
Investigate the reasons for the outstanding balance, such as disputes, credit terms, or financial difficulties.
Consider the need for a provision for bad debts if the debt is deemed uncollectible.
Disclose the details of the debtor...
Steps followed while auditing Sundry Creditors
Verify the existence of the creditors by confirming with the company's records
Review the aging schedule to ensure accuracy of outstanding balances
Check for any unrecorded liabilities or duplicate payments
Confirm balances with creditors through direct communication or statements
Investigate any significant discrepancies or unusual transactions
1.What Strategy Do I Use When Auditing?
2.What is the role as a senior Auditor?
3.What are the differences between strategic control and operational control
I applied via LinkedIn and was interviewed in Aug 2022. There were 3 interview rounds.
I applied via Company Website and was interviewed before Apr 2023. There were 2 interview rounds.
Numeeucal, logical reasoning and essay on general topic questions
Double entry is a fundamental accounting concept where every transaction has equal and opposite effects on at least two accounts.
Every transaction involves at least two accounts - one account is debited and another account is credited.
Debits and credits must always balance, ensuring the accounting equation (Assets = Liabilities + Equity) remains in equilibrium.
Double entry system helps in maintaining accuracy and preve...
There are four main financial statements: balance sheet, income statement, cash flow statement, and statement of changes in equity.
Balance sheet shows a company's assets, liabilities, and equity at a specific point in time.
Income statement shows a company's revenues and expenses over a period of time.
Cash flow statement shows how cash and cash equivalents flow in and out of a company.
Statement of changes in equity show...
A vatable sale is recorded by issuing a sales invoice with VAT included and recording the VAT separately.
Issue a sales invoice with the total amount including VAT
Separately record the VAT amount charged to the customer
Ensure the VAT amount is correctly calculated based on the applicable rate
Include the VAT amount in the total sales revenue for reporting purposes
PKF International interview questions for popular designations
I applied via Recruitment Consultant and was interviewed in May 2021. There was 1 interview round.
A tangible asset is a physical asset that has a measurable value and can be seen or touched.
Examples include buildings, land, machinery, and inventory.
Tangible assets are typically depreciated over time.
They are recorded on a company's balance sheet.
Tangible assets can be bought, sold, or traded.
They are different from intangible assets, such as patents or trademarks.
An intangible asset is a non-physical asset that has no intrinsic value but has value due to its legal or intellectual property rights.
Intangible assets include patents, trademarks, copyrights, and goodwill.
They cannot be touched or seen but can be owned and traded.
Their value is based on their ability to generate revenue or provide a competitive advantage.
Intangible assets are recorded on a company's balance sheet and...
Insurance is a contract between an individual and an insurance company to protect against financial loss.
Insurance provides financial protection against unexpected events
Premiums are paid to the insurance company in exchange for coverage
Types of insurance include health, auto, home, and life insurance
Insurance policies have terms and conditions that must be followed to receive benefits
Insurance companies use actuarial
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods and services received but not yet paid for.
Accounts payable is a liability on the balance sheet.
It represents the amount owed to suppliers or vendors for goods or services received.
Accounts payable is usually paid within a certain period of time, known as the payment terms.
Examples of accounts payable include bills for utilitie...
Account receivables refer to the money owed to a company by its customers for goods or services provided on credit.
It is a type of asset on a company's balance sheet
It represents the amount of money owed to the company by its customers
It is typically collected within a certain period of time, usually 30-90 days
Examples include unpaid invoices, outstanding bills, and overdue payments
I applied via Job Fair and was interviewed in Aug 2024. There were 4 interview rounds.
Business related talk
How to manage employees
How to increase company
I applied via Company Website and was interviewed before Feb 2023. There were 3 interview rounds.
Why you , why the company, why this job
Writing test that was allowed to take home
Fit test with head of department
I applied via Company Website and was interviewed before Mar 2023. There were 2 interview rounds.
MMM questions. Statistics. Background of education
I applied via Referral and was interviewed before Apr 2023. There were 3 interview rounds.
Marketing Research, Advertisement companies
I applied via Campus Placement and was interviewed before Apr 2023. There was 1 interview round.
Regression is a statistical technique used to understand the relationship between a dependent variable and one or more independent variables. Multicollinearity occurs when independent variables in a regression model are highly correlated.
Regression helps in predicting the value of the dependent variable based on the values of independent variables.
Multicollinearity can lead to issues in interpreting the coefficients of...
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Rating in categories
Audit Senior
6
salaries
| ₹17 L/yr - ₹21 L/yr |
Assistant Manager
5
salaries
| ₹16.1 L/yr - ₹33 L/yr |
Senior Analyst
5
salaries
| ₹9 L/yr - ₹21 L/yr |
Senior Auditor
5
salaries
| ₹9 L/yr - ₹20 L/yr |
Manager
4
salaries
| ₹14 L/yr - ₹20.5 L/yr |
Gallagher
Canara HSBC Life Insurance
Life Insurance Corporation of India
Bank of Baroda