20+ Emaar India Limited Interview Questions and Answers

To create a REST API with service method and database queries, follow these pointers.

• Choose a programming language and framework for your API

• Create a service layer to handle business logic

• Use database queries to retrieve and manipulate data

• Map HTTP methods to service methods

• Implement authentication and authorization

• Test your API thoroughly

Spring framework is a popular Java framework used for building web applications.

• Create a Spring project using Spring Initializr

• Define beans using annotations or XML configuration

• Inject dependencies using @Autowired or constructor injection

• Use Spring MVC for web development

• Integrate with databases using Spring Data

• Secure applications using Spring Security

• Test applications using Spring Test

• Deploy applications using Spring Boot

Adverse and qualified opinions in auditing and how to check payables and receivables.

• Adverse opinion is given when the financial statements are materially misstated and the auditor is unable to obtain sufficient evidence to support the amounts and disclosures in the statements.

• Qualified opinion is given when the financial statements are fairly presented except for a specific matter that is disclosed in the opinion.

• To check payables, review the accounts payable aging report an...read more

Spring Boot uses RestTemplate or FeignClient to connect to other microservices.

• Use RestTemplate to make HTTP requests to other microservices.

• Use FeignClient to create a client interface for other microservices.

• Configure the URL and port of the microservice in the application.properties file.

• Use @Autowired annotation to inject RestTemplate or FeignClient in the service class.

• Handle exceptions and errors when connecting to other microservices.

Filter student data from database using specific logics

• Filter students by grade level

• Filter students by gender

• Filter students by attendance record

• Filter students by GPA

• Filter students by extracurricular activities

An audit programme is a plan of action outlining the steps to be taken during an audit.

• An audit programme outlines the objectives, scope, and methodology of the audit.

• It includes a list of audit procedures to be performed.

• It also includes a timeline for the audit and the roles and responsibilities of the audit team.

• Examples of audit programmes include financial audits, operational audits, and compliance audits.

Identifying risks and controls in a process

• Identify the process and its objectives

• Identify the inputs, activities, and outputs of the process

• Identify the risks associated with each step of the process

• Identify the controls in place to mitigate the risks

• Evaluate the effectiveness of the controls

• Recommend improvements to the process and controls

• Examples: Order-to-cash process, procurement process, hiring process

I have a good level of knowledge about renewables.

• I have studied renewable energy sources such as solar, wind, hydro, and geothermal power.

• I am aware of the benefits of using renewables, such as reducing carbon emissions and promoting sustainability.

• I have also kept up to date with the latest developments and innovations in the field.

• For example, I know about the increasing use of energy storage systems to improve the reliability of renewable energy sources.

• Overall, I am conf...read more

To check application of IND AS while checking depreciation, one needs to ensure that the accounting policies and disclosures comply with the relevant standards.

• Check if the company has adopted IND AS and if it is applicable to the company

• Check if the company has followed the relevant accounting policies for depreciation as per IND AS

• Check if the company has made the required disclosures related to depreciation as per IND AS

• Compare the financial statements of the current year ...read more

SIR models are used for infectious disease forecasting, incorporating compartments for susceptible, infected, and recovered individuals.

• SIR models focus on the dynamics of infectious diseases by dividing the population into compartments of susceptible, infected, and recovered individuals.

• Regular forecasting models typically do not consider the spread of infectious diseases and do not incorporate compartments for different disease states.

• SIR models allow for the estimation of ...read more

Questions related to income tax, deductions, bank reconciliation, financial ratios, and formulas.

• Tax slab determines the rate at which an individual or entity is taxed based on their income.

• Head of income tax is the person responsible for overseeing the collection of income tax.

• Exemption is a portion of income that is not subject to tax, while deduction is an expense that can be subtracted from taxable income.

• Deduction limit in 80C is Rs. 1.5 lakh and in 80TTA is Rs. 10,000.

• B...read more

I am an experienced Associate with knowledge in audit assertions, materiality, benchmarking in audit, and revenue recognition as per Ind AS.

• Audit assertions are the representations made by management regarding the financial statements.

• There are five main audit assertions: existence, completeness, valuation or allocation, rights and obligations, and presentation and disclosure.

• For example, existence assertion ensures that the recorded assets and liabilities actually exist.

• Mate...read more

Management representation letter is a written statement from management to auditors confirming the accuracy of financial information.

• It is a letter from management to auditors

• It confirms the accuracy of financial information

• It is a standard part of the audit process

• It is used to provide evidence of management's responsibility for financial statements

• It may include information on internal controls and potential fraud

• Examples of information included in the letter are bank balan...read more

There are four types of audit opinion: Unqualified, Qualified, Adverse, and Disclaimer.

• Unqualified opinion means the financial statements are fairly presented.

• Qualified opinion means there are some issues but they do not affect the overall fairness of the financial statements.

• Adverse opinion means the financial statements are not fairly presented.

• Disclaimer opinion means the auditor is unable to express an opinion due to lack of information or other limitations.

• Examples: Unqu...read more

Cut off dates for cash receipts, materiality, and assertions are important for financial reporting.

• Cut off date for cash receipts is the date until which cash receipts are recorded in the financial statements.

• Materiality refers to the significance of an item or transaction in the financial statements.

• Assertions are statements made by management regarding the accuracy and completeness of the financial statements.

• Cut off dates, materiality, and assertions are important for ensu...read more

P-value is a measure that helps determine the strength of evidence against a null hypothesis in statistical testing.

• P-value is the probability of obtaining results as extreme as the observed results, assuming the null hypothesis is true.

• A low p-value (typically less than 0.05) indicates strong evidence against the null hypothesis.

• Conversely, a high p-value suggests that the observed results are likely to occur even if the null hypothesis is true.

• It is used in hypothesis testi...read more

Audit risk is the risk that an auditor may issue an incorrect opinion on the financial statements.

• It is the risk that the auditor may fail to detect material misstatements in the financial statements.

• It can be caused by errors or fraud in the financial statements.

• The auditor must assess and respond to the audit risk in order to plan and perform an effective audit.

• The level of audit risk depends on the nature of the business, the complexity of the transactions, and the quality...read more

Materiality refers to the significance or importance of information in relation to a decision or financial statement.

• Materiality is a concept used in accounting and auditing.

• It helps determine what information is important enough to be included in financial statements.

• Materiality is subjective and depends on the context and audience.

• For example, a $1,000 error in a company with millions in revenue may not be material, but the same error in a small business could be significan...read more

VDOM stands for Virtual Document Object Model. useMemo is a React hook used for memoizing expensive calculations.

• VDOM is a virtual representation of the actual DOM in memory, used for efficient rendering in React

• useMemo is used to memoize expensive calculations in React components to avoid unnecessary re-renders

• Example: useMemo(() => calculateExpensiveValue(a, b), [a, b])

ICFR is applicable for all companies to ensure accurate financial reporting and prevent fraud.

• ICFR stands for Internal Control over Financial Reporting

• Required by Sarbanes-Oxley Act for publicly traded companies

• Helps prevent financial misstatements and fraud

• Involves processes, controls, and monitoring to ensure accuracy of financial statements

Audit risk is the risk that an auditor may give an inappropriate opinion on financial statements.

• It is the risk that the auditor may miss material misstatements in the financial statements.

• It can be caused by errors or fraud in the financial statements.

• The auditor must assess and manage audit risk to provide reasonable assurance that the financial statements are free from material misstatements.

• Audit risk is a function of inherent risk, control risk, and detection risk.

• Exampl...read more

Audit assertions are statements made by management regarding the accuracy of financial information.

• Assertions at the transaction level include occurrence, completeness, accuracy, and cutoff.

• Assertions at the balance level include existence, rights and obligations, completeness, and valuation and allocation.

• Assertions at the presentation and disclosure level include occurrence, completeness, accuracy, and classification and understandability.

• Examples of assertions include the ...read more

Q2C Implementation process involves converting a sales order into a completed transaction.

• Q2C stands for Quote-to-Cash

• Involves creating quotes, managing pricing, generating sales orders, invoicing, and receiving payments

• Integration with CRM and ERP systems for seamless process flow

Materiality refers to the importance or relevance of information in relation to a decision or situation.

• Materiality is a concept used in accounting and auditing to determine the significance of financial information.

• It is based on the principle that only information that is material or relevant to a decision or situation should be disclosed.

• Materiality is subjective and depends on the context of the decision or situation.

• For example, a $1,000 discrepancy in a company's financ...read more

Standards on Auditing are guidelines and procedures followed by auditors to ensure accuracy and reliability of financial statements.

• Standards on Auditing provide a framework for auditors to conduct their work effectively.

• They help ensure consistency and quality in auditing practices.

• Examples include International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB).

Remote audit procedures involve conducting audits using technology to assess compliance and performance remotely.

• Utilize video conferencing tools to conduct interviews and virtual tours of facilities

• Request electronic copies of documents and records for review

• Use secure online platforms for sharing sensitive information

• Ensure clear communication and documentation of findings

• Consider potential limitations of remote audits, such as inability to physically inspect equipment