Ramboll Advanced Associate Interview Questions and Answers

Q1. Achievements, Experience, Projects Handled
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Q2. Project work executed in last few years
Ans. 
I have executed multiple projects in the last few years.
• Developed a new website for a client using HTML, CSS, and JavaScript.

• Created a mobile application for a startup using React Native.

• Managed a team of developers to build a custom CRM system for a large corporation.

• Implemented a data analytics solution for a healthcare organization using Python and SQL.

• Designed and executed a social media marketing campaign for a no
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Amazing aptitute test with knowledge of all aspects of the industry

Great assessment of all the interview natures of the assignment for risk, protocol, and valuation.

It was very much related to the Accounting Principles and Core Accounting.

Q1. Tell me something about yourself.
Ans. How many years of relevant experience you have?
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Q2. Will you be able to work in hectic schedule?
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Q1. What is Accounts Payable?
Ans. 
Accounts Payable is the amount of money a company owes to its vendors or suppliers for goods or services received.
• It is a liability account in the company's balance sheet.

• It includes invoices that have been received but not yet paid.

• It is important to manage accounts payable to maintain good relationships with vendors and avoid late fees or penalties.

• Examples of accounts payable include rent, utilities, and inventory p
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Q2. What is Accounts Payable Cycle?
Ans. 
Accounts Payable Cycle is the process of managing and paying a company's bills and invoices.
• It involves receiving invoices from vendors

• Verifying the accuracy of the invoices

• Recording the invoices in the accounting system

• Approving the invoices for payment

• Issuing payment to the vendors

• Reconciling vendor statements

• The cycle starts with the purchase order and ends with the payment to the vendor

• The goal is to ensure timely ...read more
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Q3. Where do we mention Accounts Payable in Balance Sheet?
Ans. 
Accounts Payable is mentioned under Current Liabilities in the Balance Sheet.
• Accounts Payable represents the amount owed by a company to its suppliers or vendors for goods or services received but not yet paid for.

• It is listed under Current Liabilities as it is expected to be paid within a year.

• Accounts Payable is an important metric for analyzing a company's liquidity and cash flow.

• Example: If a company has a high acc...read more
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Q4. What do you mean by accrued income?
Ans. 
Accrued income refers to the income that has been earned but not yet received.
• It is recorded as a current asset in the balance sheet

• It is recognized as revenue in the income statement

• Examples include interest income, rent income, and dividend income

• It is usually recorded using the accrual accounting method
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You have to pass aptitude test with minimum 75%.

Q1. What is the use of financial statements in business.
Ans. 
Financial statements are essential tools used by businesses to communicate their financial performance and position to stakeholders.
• Financial statements provide a snapshot of a company's financial health at a specific point in time.

• They help investors and creditors assess the company's profitability, liquidity, and overall financial stability.

• They are used by management to make informed decisions about the company's op...read more
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Q2. How do we calculate debt to equity ratio.
Ans. 
Debt to equity ratio is calculated by dividing total debt by total equity.
• Calculate total debt by adding short-term and long-term debt

• Calculate total equity by adding common stock, retained earnings, and additional paid-in capital

• Divide total debt by total equity to get the debt to equity ratio
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Q1. Personal Information.
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Q2. Family Background.
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Q1. Basic Questions - like rules of accounting, types of accounts, journal entries
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Q1. Questions on A/ R, A/ P, depreciation etc.
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Q1. Deep level questions -mostly scenario based questions like what you will do if insurance claim was settled buf accounting entry not done, cash flow statement questions etc.
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