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I applied via Campus Placement and was interviewed before Jun 2023. There was 1 interview round.
Amortization is for intangible assets, while depreciation is for tangible assets.
Amortization is the process of spreading the cost of an intangible asset over its useful life.
Depreciation is the process of allocating the cost of a tangible asset over its useful life.
Examples of intangible assets that are amortized include patents, copyrights, and trademarks.
Examples of tangible assets that are depreciated include build...
I applied via Naukri.com and was interviewed in Mar 2021. There were 4 interview rounds.
ASC 606 is a revenue recognition standard that outlines principles for recognizing revenue from customer contracts.
Revenue is recognized when a customer obtains control of a good or service
Revenue should be recognized over time if the customer receives benefits as the work progresses
Testing revenue involves verifying that revenue is recognized in accordance with ASC 606
This can include reviewing contracts, invoices, an...
Assertions for Accounts Payable and testing unrecorded liabilities.
Assertions for Accounts Payable include completeness, accuracy, existence, valuation, and rights and obligations.
To test for unrecorded liabilities, perform a search for unrecorded liabilities by reviewing vendor invoices, purchase orders, and receiving reports.
Another way to test for unrecorded liabilities is to review subsequent cash disbursements aft...
Debt issuance cost/loan processing fees/transaction cost are capitalized and amortized over the life of the loan.
Debt issuance cost/loan processing fees/transaction cost are costs incurred in obtaining a loan.
These costs are capitalized and amortized over the life of the loan.
The amortization of these costs reduces the effective interest rate of the loan.
The accounting treatment for these costs is in accordance with th...
Deferred revenue and unearned revenue are the same thing. They refer to revenue received in advance of being earned.
Deferred revenue and unearned revenue are both liabilities on a company's balance sheet.
They represent revenue that has been received but not yet earned.
An example of deferred revenue is a subscription service that is paid for in advance.
An example of unearned revenue is a deposit received for a future se...
Types of sampling include random, systematic, stratified, and cluster. Test of details involves examining individual transactions while substantive analytical procedures involve analyzing trends and ratios.
Random sampling involves selecting items randomly from the population.
Systematic sampling involves selecting items at regular intervals.
Stratified sampling involves dividing the population into subgroups and selectin...
I applied via Company Website and was interviewed before Mar 2021. There were 2 interview rounds.
Online aptitude test with English grammar and math skills
I come from a close-knit family that values education, hard work, and support for one another in all endeavors.
Supportive Environment: My parents always encouraged my siblings and me to pursue our passions, whether in academics or sports.
Diverse Background: My family has roots in different cultures, which has enriched our perspectives and fostered open-mindedness.
Strong Work Ethic: Both my parents worked hard to provid...
Experienced Senior Associate with a strong background in project management and team leadership, dedicated to driving results and innovation.
Over 7 years of experience in project management, successfully leading cross-functional teams to deliver projects on time and within budget.
Proficient in data analysis and strategic planning, having implemented a new reporting system that improved efficiency by 30%.
Strong communic...
I have studied various subjects including finance, economics, and data analysis, focusing on their applications in business strategy.
Finance: I studied corporate finance, learning about capital budgeting and financial analysis to make informed investment decisions.
Economics: My coursework included micro and macroeconomics, helping me understand market dynamics and economic indicators.
Data Analysis: I gained skills in d...
posted on 12 Dec 2015
I applied via Referral
My strengths include strong analytical skills, attention to detail, and effective communication.
Strong analytical skills
Attention to detail
Effective communication
My passion for learning and growth drives me to excel in my work and take on new challenges.
I am motivated by the opportunity to learn and develop new skills
I thrive in challenging environments that push me to grow
I am driven by a desire to make a positive impact and contribute to the success of my team and organization
Leadership is the ability to inspire and guide a team towards a common goal.
Setting a clear vision and goals for the team
Communicating effectively with team members
Motivating and empowering team members
Leading by example
Encouraging collaboration and teamwork
Taking responsibility for team successes and failures
Providing constructive feedback and coaching
Adapting to changing circumstances and making tough decisions
Buildi...
I introduced a new project management tool and streamlined the communication process.
Implemented a project management tool to track progress and deadlines
Created a communication plan to ensure all team members were informed and updated
Established regular check-ins to monitor progress and address any issues
Encouraged collaboration and teamwork to improve efficiency
Trained team members on the new tool and communication p...
Yes, overall happy but would change some decisions.
I am content with my career choice but would have pursued a different major in college.
I am happy with my relationships but would have ended some toxic ones earlier.
I am satisfied with my current location but would have traveled more in my younger years.
I am grateful for my experiences but would have taken more risks and stepped out of my comfort zone.
ISB and ITC offer unique opportunities for growth and development that an MBA after IIT may not provide.
ISB offers a diverse and experienced cohort, world-class faculty, and a strong alumni network.
ITC is a renowned company with a strong focus on sustainability and social responsibility.
An MBA after IIT may not provide the same level of exposure to industry leaders and practical business experience.
ISB and ITC align wi...
Developed and implemented a new project management system resulting in a 20% increase in project efficiency.
Identified inefficiencies in current project management system
Researched and evaluated potential solutions
Collaborated with team to design and implement new system
Provided training and support to team members
Measured and analyzed results, resulting in a 20% increase in project efficiency
McKinsey and BCG interviews differ in their approach and focus.
McKinsey focuses more on structured problem-solving and case interviews.
BCG emphasizes on fit and personal experience.
McKinsey interviews are more quantitative and analytical.
BCG interviews are more qualitative and behavioral.
Both firms have their unique interview styles and evaluation criteria.
ISB offers a unique learning experience with its diverse student body, world-class faculty, and strong industry connections.
ISB's diverse student body provides a global perspective and networking opportunities.
World-class faculty with extensive industry experience ensures practical learning.
Strong industry connections provide access to top companies for internships and placements.
ISB's focus on leadership development a...
As a team leader at XYZ Corp, I led a team of 10 in a project to increase sales by 20% in 6 months.
Led a team of 10 in a sales project at XYZ Corp
Developed and implemented strategies to increase sales by 20% in 6 months
Provided guidance and support to team members to achieve project goals
Monitored progress and made adjustments as needed to ensure success
Facilitated communication and collaboration among team members
Reco...
My leadership style is collaborative and empowering.
I believe in involving team members in decision-making processes
I encourage open communication and feedback
I provide support and resources to help team members succeed
I lead by example and set high standards for myself and others
I recognize and celebrate team members' achievements
For example, when working on a project, I would gather input from all team members and as...
Implemented a new customer service system resulting in a 20% increase in customer satisfaction
Developed and implemented a new customer service system
Conducted training sessions for customer service representatives
Monitored customer feedback and made necessary improvements
Increased customer satisfaction by 20%
What people are saying about PwC
I am interested in the company because of its reputation for innovation and commitment to employee development.
The company has a track record of introducing new and exciting products to the market.
I appreciate the company's focus on providing opportunities for professional growth and development.
I have heard positive feedback from current and former employees about the company culture and work environment.
My long term goal is to become an expert in my field and take on leadership roles to make a positive impact.
Continuously learn and develop new skills
Take on challenging projects to gain experience
Build a strong network of professionals in my industry
Seek out mentorship and leadership opportunities
Contribute to the growth and success of my organization
My short term goal is to learn new skills and gain experience in my field.
Acquire new skills through training and workshops
Take on challenging projects to gain experience
Network with professionals in the industry
Improve time management and organizational skills
I am interested in joining this company because of its reputation for innovation and commitment to employee growth.
The company has a strong track record of developing cutting-edge technology.
I am impressed by the company's dedication to investing in its employees through training and development programs.
I am excited about the opportunity to work with a team of talented professionals who share my passion for excellence...
My long term goal is to become a senior associate in the company. My short term goal is to improve my skills and knowledge in the field.
Long term goal: Senior associate position
Short term goal: Skill and knowledge improvement
Examples: Attend training sessions, take online courses, seek mentorship
I applied via Referral
I applied via Referral
I applied via Walk-in
In 2001, a fiber optic company must strategize to utilize excess capacity amid a declining market.
Diversify product offerings: Explore manufacturing fiber optic components for emerging technologies like data centers.
Enter new markets: Target industries such as healthcare, automotive, or military that require fiber optics.
Form strategic partnerships: Collaborate with tech companies to develop innovative applications for...
Some of the top questions asked at the PwC Senior Audit Associate interview -
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Rating in categories
Senior Associate
18.8k
salaries
| ₹12.6 L/yr - ₹25 L/yr |
Associate
15.1k
salaries
| ₹8 L/yr - ₹14 L/yr |
Manager
7.5k
salaries
| ₹22.1 L/yr - ₹40 L/yr |
Senior Consultant
4.9k
salaries
| ₹15.9 L/yr - ₹26.2 L/yr |
Associate2
4.7k
salaries
| ₹6.2 L/yr - ₹14 L/yr |
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