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Ryan Tax Associate 2 Interview Questions and Answers

Updated 17 Jul 2024

Ryan Tax Associate 2 Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
-

I applied via Referral and was interviewed in Jun 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Questions on tax ,logical thinking and normal basics

Round 2 - Group Discussion 

On a topic and some related questions on tax and accounting

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
-
Result
Selected Selected
Round 1 - One-on-one 

(4 Questions)

  • Q1. Depreciation methods and forms
  • Q2. Partners allocation
  • Q3. 163j interest limitations
  • Q4. Process of reviewing returns and wp

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared with basic tax technical items
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Dec 2024.

Round 1 - Aptitude Test 

Language skills, reasoning abilities, and foundational knowledge in accounting.

Round 2 - Group Discussion 

Group discussion on a general topic.

Round 3 - Technical 

(3 Questions)

  • Q1. What is the process for calculating Value Added Tax (VAT)?
  • Q2. Which Excel functions are you familiar with that you use for analysis and computation?
  • Q3. How effective are you in Time management?
Round 4 - HR 

(2 Questions)

  • Q1. What are your salary expectations?
  • Q2. Are you willing to relocate, and how soon would you be able to start?
Interview experience
3
Average
Difficulty level
Hard
Process Duration
2-4 weeks
Result
Not Selected

I applied via Recruitment Consulltant and was interviewed in Aug 2024. There were 3 interview rounds.

Round 1 - Technical 

(3 Questions)

  • Q1. What is Passive foreign Investment company
  • Ans. 

    Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.

    • PFIC status can have significant tax implications for U.S. taxpayers.

    • Taxpayers must report PFIC investments on Form 8621.

    • PFIC rules are complex and may require specialized tax advice.

    • Examples of PFICs include certain foreign mutual funds and holding co

  • Answered by AI
  • Q2. What is Form 5471
  • Ans. 

    Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.

    • Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations

    • Provides information on the foreign corporation's financial activities and ownership structure

    • Helps the IRS prevent tax evasion through controlled foreign corporations

    • Different filing requirements based ...

  • Answered by AI
  • Q3. Questions on Form 1040
Round 2 - Technical 

(2 Questions)

  • Q1. Questions on form 1040
  • Q2. Questions on what type of structure in tax would I select to work in BDO
Round 3 - Technical 

(3 Questions)

  • Q1. Questions on form 1040 & everything was covered
  • Q2. Questions on Form 5471
  • Q3. Questions on form 962

Interview Preparation Tips

Interview preparation tips for other job seekers - You have to be very thorough of every Tax Concept. We can't predict from which areas they will ask a question.
Partner round is very brutal for me.
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Golden rules of accounting
  • Ans. 

    Golden rules of accounting are basic principles that guide the process of recording financial transactions.

    • The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

    • These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

    • For example, when a compa...

  • Answered by AI
  • Q2. Journal entry in basic
  • Ans. 

    A journal entry is a record of a financial transaction in a company's accounting system.

    • Journal entries consist of a debit and credit entry to different accounts

    • Debits are recorded on the left side and credits on the right side

    • The total debits must equal the total credits in a journal entry

  • Answered by AI
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Basic accounting problems and concepts with simple logical reasoning questions.

Round 2 - One-on-one 

(1 Question)

  • Q1. If the clients annual income is Rs. 1400000 what is their tax liability?
  • Ans. 

    Tax liability for a client with an annual income of Rs. 1400000.

    • Calculate the tax liability based on the income tax slabs applicable in the country.

    • Consider any deductions or exemptions that the client may be eligible for.

    • Consult a tax professional or use an online tax calculator for accurate results.

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I was interviewed before Jan 2024.

Round 1 - Aptitude Test 

US Tax Related Question

Round 2 - Technical 

(3 Questions)

  • Q1. Accounting definitions
  • Q2. Principles of Accounting & Some journal entries
  • Ans. 

    Understanding principles of accounting and journal entries is essential for a Tax Associate role.

    • Principles of accounting include matching principle, revenue recognition principle, and cost principle

    • Journal entries are used to record financial transactions in the accounting system

    • Examples of journal entries include recording revenue, expenses, and asset purchases

  • Answered by AI
  • Q3. Self introducing
Round 3 - HR 

(2 Questions)

  • Q1. Salary discussion
  • Q2. Self introduction
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Basic Knowledge of Forms
  • Q2. Federal and state taxes
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Basic accounting
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Naukri.com and was interviewed in Sep 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

It consists total 30 questions followed by logical reasoning questions

Round 2 - Technical 

(2 Questions)

  • Q1. What is balnce sheet
  • Ans. 

    Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

    • It provides a snapshot of a company's financial position

    • Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two

    • The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity

    • It is one of t...

  • Answered by AI
  • Q2. Who is an assesse
  • Ans. 

    An assessee is a person or entity who is liable to pay tax or is subject to tax assessment by the government.

    • An assessee can be an individual, a company, a partnership firm, or any other entity that is required to pay taxes.

    • Assessees are identified based on their income, profits, or any other taxable criteria set by the tax authorities.

    • Examples of assessees include salaried individuals, businesses, and corporations.

    • Ass...

  • Answered by AI
Round 3 - HR 

(2 Questions)

  • Q1. Self introduction
  • Q2. What is your motivation to join the company
  • Ans. 

    I am motivated to join the company because of its reputation for innovation and commitment to employee development.

    • I am impressed by the company's track record of success in the industry.

    • I am excited about the opportunity to work with a team of talented professionals.

    • I believe that the company's values align with my own personal values.

    • I am eager to contribute my skills and expertise to help the company achieve its goa

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - It is better for the job seekers to be well prepared before attending any interview as it boost the confidence of the individual if they are well prepared

Ryan Interview FAQs

How many rounds are there in Ryan Tax Associate 2 interview?
Ryan interview process usually has 2 rounds. The most common rounds in the Ryan interview process are Aptitude Test and Group Discussion.

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Ryan Tax Associate 2 Interview Process

based on 1 interview

Interview experience

5
  
Excellent
View more

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