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RSM India Interview Questions and Answers
25 Interview questions
ASC 842 is the accounting standard for lease recognition and measurement, enhancing transparency in financial reporting.
ASC 842 requires lessees to recognize most leases on their balance sheets as assets and liabilities.
Lessees must classify leases as either finance or operating leases, affecting expense recognition.
For example, a 5-year office lease would be recorded as a right-of-use asset and a lease liability.
...
ASC 606 outlines a five-step process for recognizing revenue from contracts with customers.
1. Identify the contract: Determine if an agreement exists that creates enforceable rights and obligations.
2. Identify performance obligations: Recognize distinct goods or services promised in the contract.
3. Determine the transaction price: Establish the amount the entity expects to receive in exchange for transferring good...
I am currently working remotely from home.
Due to the COVID-19 pandemic, our company has implemented a work-from-home policy.
I have a dedicated home office setup with all necessary equipment and tools.
Regular virtual meetings and communication with team members and supervisors.
Utilizing online collaboration tools like Slack, Zoom, and Microsoft Teams for work.
Maintaining a structured work schedule to ensure product...
Tax is a mandatory financial charge imposed by governments on individuals and businesses to fund public services and infrastructure.
Taxes are classified into direct and indirect taxes. Direct taxes are levied on income (e.g., income tax), while indirect taxes are levied on goods and services (e.g., sales tax).
Income tax is a common form of direct tax, where individuals pay a percentage of their earnings to the gov...
Develop a strategy to increase sales for a declining product
Conduct market research to identify target audience and their needs
Create a marketing campaign highlighting unique selling points of the product
Offer promotions or discounts to incentivize purchases
Collaborate with sales team to improve customer engagement and retention
Explore new distribution channels or partnerships to reach a wider audience
I am a dedicated and experienced professional with a strong work ethic and a passion for achieving results.
Experienced in leading teams and managing projects
Strong communication and interpersonal skills
Proven track record of meeting deadlines and exceeding goals
I have 5 years of experience in the audit field, conducting financial audits for various clients.
Performed financial audits for clients in different industries
Analyzed financial statements and identified discrepancies
Prepared audit reports and communicated findings to clients
Collaborated with team members to ensure audit deadlines were met
Identified discrepancies in financial reporting and compliance with internal controls during the audit process.
Inconsistent documentation: Found missing invoices in expense reports.
Weak internal controls: Noted lack of segregation of duties in cash handling.
Non-compliance with policies: Discovered instances of unauthorized access to sensitive data.
Ineffective risk management: Identified failure to update risk asse...
Yes, I am a basic laptop user with proficiency in common applications and tasks.
Proficient in using Microsoft Office suite (Word, Excel, PowerPoint)
Able to browse the internet and use email
Comfortable with basic troubleshooting and settings adjustments
Familiar with file management and organization
May have limited knowledge of more advanced software or technical tasks
A suspense account is a temporary account used to record transactions for which there is uncertainty about the appropriate account to use.
Used when there is uncertainty about the correct account to use
Temporary holding place for transactions
Helps prevent errors in financial statements
Commonly used in accounting to temporarily hold transactions until they can be properly classified
RSM India Interview Experiences
58 interviews found
Anonymous
Selected
I appeared for an interview before Jul 2024, where I was asked the following questions.
- Q1. What is the process for auditing an invoice?
- Ans.
Auditing an invoice involves verifying its accuracy, compliance, and supporting documentation to ensure proper financial reporting.
1. Verify the invoice details: Check the vendor name, invoice number, and date against purchase orders.
2. Validate amounts: Ensure the billed amounts match the agreed-upon prices and quantities in contracts or purchase orders.
3. Check for approvals: Confirm that the invoice has been approve...
- Q2. What are the methods to identify duplicate invoices?
- Ans.
Identifying duplicate invoices involves various methods like data analysis, software tools, and manual checks.
Data Matching: Compare invoice numbers, dates, and amounts to identify duplicates.
Automated Software: Use accounting software that flags duplicate entries automatically.
Vendor Analysis: Check for multiple invoices from the same vendor within a short time frame.
Pattern Recognition: Look for recurring patterns in...
suresh neelam
Selected
I applied via Referral and was interviewed in Oct 2024. There were 2 interview rounds.
(1 Question)
- Q1. IS Codes for Bill certification.
(1 Question)
- Q1. Salary negotiation
Interview Preparation Tips
- IS codes
- Material reconciliation
- Material Escalation
- Auto CADD
- Internal Audit
Selected
I applied via Naukri.com and was interviewed in Jul 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Currently working location
- Ans.
I am currently working remotely from home.
Due to the COVID-19 pandemic, our company has implemented a work-from-home policy.
I have a dedicated home office setup with all necessary equipment and tools.
Regular virtual meetings and communication with team members and supervisors.
Utilizing online collaboration tools like Slack, Zoom, and Microsoft Teams for work.
Maintaining a structured work schedule to ensure productivity...
- Q2. Ready to relocate
- Ans.
I am open to relocating for the right opportunity, as it can enhance my career and contribute to the team's success.
Relocation can provide new experiences and professional growth.
I have previously relocated for a job, which helped me adapt to new environments.
I believe that being flexible with location can lead to better collaboration with teams.
(2 Questions)
- Q1. Rate analysis of different items
- Ans.
Rate analysis involves determining the cost of different items based on various factors.
Rate analysis involves calculating the cost of materials, labor, equipment, and overhead for different items.
It helps in determining the most cost-effective way to complete a project.
Examples of rate analysis include determining the cost of construction materials for a building project or calculating the hourly rate for a service.
Fa...
- Q2. Is 1200 brief descriptions
(1 Question)
- Q1. Salary negotiation
Interview Preparation Tips
I applied via Walk-in and was interviewed in Jul 2024. There were 3 interview rounds.
Test of 30 minutes of the field you choice proper paper no mcq
(1 Question)
- Q1. Basics of tax explain from basic
- Ans.
Tax is a mandatory financial charge imposed by governments on individuals and businesses to fund public services and infrastructure.
Taxes are classified into direct and indirect taxes. Direct taxes are levied on income (e.g., income tax), while indirect taxes are levied on goods and services (e.g., sales tax).
Income tax is a common form of direct tax, where individuals pay a percentage of their earnings to the governme...
(1 Question)
- Q1. Every tds sextion and rate you know
- Ans.
TDS (Tax Deducted at Source) sections and rates govern tax deductions on various payments in India.
Section 192: Salary - TDS rate is based on the individual's income tax slab.
Section 194A: Interest on deposits - TDS rate is 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens).
Section 194C: Payments to contractors - TDS rate is 1% for individual/HUF and 2% for others.
Section 194J: Professional fees - TDS rate i...
Selected
I applied via Naukri.com and was interviewed in Apr 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Personal details
- Q2. Current working location
- Ans.
Currently working in New York City
New York City
Specific address
Commute time
Public transportation options
(2 Questions)
- Q1. About previous working experience
- Q2. Current work related
(2 Questions)
- Q1. Working experience
- Q2. Explained current job role
- Ans.
I am currently responsible for overseeing the billing process, ensuring accuracy and timeliness of invoices.
Reviewing and verifying billing data
Communicating with clients regarding billing inquiries
Collaborating with internal teams to resolve billing discrepancies
Generating reports on billing activities
Implementing billing process improvements
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed in Dec 2023. There were 8 interview rounds.
No any aptitude test
Only xl formulas, and pivot table.
Basic group chats on what's app nd on google teem .
Internal audit provide for other company's, and assat audit provide for other company's.
Physical , soft copy, and chack certificate etc.
(2 Questions)
- Q1. Are you immediately join ?
- Q2. Are you full time job joiner?
(2 Questions)
- Q1. Basic Laptop user?
- Ans.
Yes, I am a basic laptop user with proficiency in common applications and tasks.
Proficient in using Microsoft Office suite (Word, Excel, PowerPoint)
Able to browse the internet and use email
Comfortable with basic troubleshooting and settings adjustments
Familiar with file management and organization
May have limited knowledge of more advanced software or technical tasks
- Q2. Why are you find this job?
- Ans. Because my intrest in a commercial audit
(4 Questions)
- Q1. What about your self?
- Q2. What about aspects salary?
- Q3. What is your study from?
- Ans.
I hold a Bachelor's degree in Accounting and a Master's in Business Administration, specializing in Internal Audit.
Bachelor's degree in Accounting from XYZ University, where I graduated with honors.
Master's in Business Administration from ABC University, focusing on Internal Audit and Risk Management.
Completed various certifications, including Certified Internal Auditor (CIA) and Certified Public Accountant (CPA).
Parti...
- Q4. And manager say your training is 6 month, so you interested?
Interview Preparation Tips
Skills evaluated in this interview
Venkatesh Nimmala
Basics MCQ's on preferred technical skill
(5 Questions)
- Q1. Technical questions based on your resume
- Q2. What is SQL Joins Python
- Ans.
SQL is a language used for managing and querying databases. Joins are used to combine data from multiple tables. Python is a versatile programming language.
SQL is a language for managing databases, used to retrieve and manipulate data.
Joins are used in SQL to combine data from multiple tables based on a related column.
Python is a high-level programming language known for its simplicity and readability.
- Q3. Linux , html, CSS
- Q4. What is primary key, unique key
- Ans.
Primary key uniquely identifies each record in a database table, while unique key ensures each value in a column is unique.
Primary key is a column or a set of columns that uniquely identifies each record in a table
Primary key does not allow NULL values and must be unique for each record
Unique key ensures that each value in a column or a set of columns is unique
Unique key can allow NULL values, but each non-NULL value m...
- Q5. What is inheritance, polymorphism
- Ans.
Inheritance is a mechanism in OOP where a new class inherits properties and behaviors from an existing class. Polymorphism allows objects of different classes to be treated as objects of a common superclass.
Inheritance allows for code reusability and promotes the concept of 'is-a' relationship.
Polymorphism allows for flexibility in code design and enables dynamic method binding.
Example of inheritance: class Dog extends...
Skills evaluated in this interview
(3 Questions)
- Q1. About Previous Company's experience & what kind of Job have done there
- Q2. Process of P2P, O2C
- Ans.
P2P (Procure to Pay) and O2C (Order to Cash) are two important processes in business operations.
P2P involves the procurement of goods or services, from requisition to payment.
O2C involves the entire process from receiving a customer order to receiving payment.
P2P includes steps like requisition, purchase order creation, goods receipt, invoice verification, and payment.
O2C includes steps like order entry, order fulfillm...
- Q3. Details of Observation you have find
- Ans.
Identified discrepancies in financial reporting and compliance with internal controls during the audit process.
Inconsistent documentation: Found missing invoices in expense reports.
Weak internal controls: Noted lack of segregation of duties in cash handling.
Non-compliance with policies: Discovered instances of unauthorized access to sensitive data.
Ineffective risk management: Identified failure to update risk assessmen...
I applied via Naukri.com and was interviewed in Apr 2024. There were 2 interview rounds.
(1 Question)
- Q1. Techinical knowledge in terms of industry practices
(1 Question)
- Q1. Business development, List of past experience
(2 Questions)
- Q1. They will focus on resume and will ask questions based on resume
- Q2. Friendly interview discussion
Interview Preparation Tips
Top trending discussions
RSM India Interview FAQs
The duration of RSM India interview process can vary, but typically it takes about less than 2 weeks to complete.
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RSM India Interviews By Designations
- RSM India Assistant Manager Interview Questions
- RSM India Senior Officer Interview Questions
- RSM India Internal Auditor Interview Questions
- RSM India Audit Assistant Interview Questions
- RSM India Article Assistant Interview Questions
- RSM India Senior Audit Officer Interview Questions
- RSM India Billing Engineer Interview Questions
- RSM India Officer Interview Questions
- Show more
Interview Questions for Popular Designations
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RSM India Reviews and Ratings
based on 411 reviews
Rating in categories
|
Assistant Manager
286
salaries
|  ₹5.8 L/yr - ₹13.5 L/yr |
|
Senior Officer
109
salaries
| ₹3.2 L/yr - ₹7.5 L/yr |
|
Manager
77
salaries
| ₹15.4 L/yr - ₹27 L/yr |
|
Audit Assistant
64
salaries
| ₹1.2 L/yr - ₹4.9 L/yr |
|
Senior Audit Officer
47
salaries
| ₹3 L/yr - ₹9 L/yr |
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