RSM India Associate Interview Questions and Answers

Q1. How would you identify a Finance Lease? (5 pointers)
Ans. 
A finance lease is a type of lease where the lessee has substantially all the risks and rewards of ownership.
• The lease term is for the major part of the economic life of the asset

• The present value of the minimum lease payments is equal to or more than the fair value of the asset

• The asset is expected to be used by the lessee for the major part of its economic life

• The lease agreement includes an option to purchase the as...read more
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Q2. How would you recognise revenue of Bundled services?
Ans. 
Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.
• Identify the standalone selling prices of each service included in the bundle.

• Allocate the total revenue based on the relative fair value of each service.

• Recognize revenue for each service as it is delivered or as the customer consumes the service.

• Ensure that the revenue recognition com...read more
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Q1. How you got to know about us?
Ans. 
Through a job search website
• Browsing job search websites

• Saw job posting on LinkedIn

• Referred by a friend who saw the job posting
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Q2. Tell something interesting about you
Ans. 
I have traveled to over 20 countries and can speak 4 languages fluently.
• I love exploring new cultures and trying different cuisines

• I have lived in Europe, Asia, and North America

• I am fluent in English, Spanish, French, and Mandarin

• Traveling has broadened my perspective and enriched my life experiences
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Q3. Apart from self intro say something interesting about you?
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Q1. Why you want to join
Ans. 
I am passionate about the industry and believe I can contribute positively to the team.
• Passionate about the industry and eager to learn and grow

• Believe my skills and experience align well with the company's goals

• Excited about the opportunity to work with a talented team and make a meaningful impact
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Q2. How you would be beneficial
Ans. 
I would be beneficial by bringing a strong work ethic, excellent communication skills, and a proven track record of success.
• Strong work ethic - consistently meeting deadlines and exceeding expectations

• Excellent communication skills - ability to effectively communicate with team members and clients

• Proven track record of success - previous achievements and positive feedback from supervisors
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Q1. What extra activity did you play besides your daily job responsibilities?
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Internal Audit, Case scenario, Problem solving, Risk Identification, SOP, Controls

Q1. Tell me something about yourself, brief family background,
Ans. 
I come from a close-knit family with a diverse background.
• I have two siblings, an older brother and a younger sister.

• My parents are both professionals, my father is a doctor and my mother is a lawyer.

• We have a strong bond and often spend quality time together, such as going on family vacations or celebrating special occasions.

• Growing up, my family instilled in me the values of hard work, integrity, and compassion.

• My fa...read more
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Q2. Latest Joining date and Why this organization?
Ans. 
My latest joining date is 1st July 2022. I chose this organization because of its strong reputation, growth opportunities, and alignment with my career goals.
• Latest joining date: 1st July 2022

• Chose this organization due to its strong reputation

• Opportunities for growth and development

• Alignment with my career goals
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Q1. Tell me about yourself ?
Ans. 
I am a dedicated and detail-oriented individual with a strong background in project management and team leadership.
• I have over 5 years of experience in project management, successfully leading cross-functional teams to deliver projects on time and within budget.

• I am skilled in strategic planning, risk management, and stakeholder communication.

• I hold a PMP certification and have a proven track record of driving successf
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Q2. Tell me about your project ?
Ans. 
I led a team in developing a mobile app for tracking fitness goals and progress.
• Responsible for project planning, design, and implementation

• Collaborated with developers, designers, and stakeholders

• Implemented features such as goal setting, progress tracking, and social sharing

• Conducted user testing and feedback sessions

• Successfully launched the app on both iOS and Android platforms
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Q3. What are the technologies you worked on ?
Ans. 
I have worked on a variety of technologies including Java, Python, SQL, and AWS.
• Java

• Python

• SQL

• AWS
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Q4. What are tools you have experience on ?
Ans. 
I have experience with various tools including Microsoft Office Suite, Google Analytics, and Adobe Creative Suite.
• Microsoft Office Suite

• Google Analytics

• Adobe Creative Suite
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Q5. Explain in detail how your project works ?
Ans. 
My project is a mobile application that helps users track their daily water intake and reminds them to stay hydrated.
• Users input their daily water consumption and set goals for hydration.

• The app sends notifications to remind users to drink water throughout the day.

• Users can view their hydration progress and history in a visual chart.

• The app also provides tips and information on the importance of staying hydrated.

• Exampl...read more
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Basics Questions About Financial knowledge and reasoning.

Q1. Tell me About Yourself. Previous Experiences.
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Q2. Define Contingent Liability.
Ans. 
Contingent Liability is a potential obligation that may arise from past events and whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events.
• It is a liability that is not yet certain but may become certain in the future

• It arises from past events

• It depends on the occurrence or non-occurrence of one or more uncertain future events

• Examples include pending lawsuits, warran
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Q1. Describe about Yourself.
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Q2. Why do you want to join BDO?
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Q3. Why You? and describe previous Experiences
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Q4. How do you Contribute to BDO?
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