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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
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Basic accounting

I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why did you choose. CohnReznick
  • Q2. Why the change in career?

Interview Preparation Tips

Interview preparation tips for other job seekers - Video interview - recorded answers to questions. Then two, personal 1-on-1 virtual interviews.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

It was quite easy. You've to have good grip in basic Accounting & Costing concepts. Also there was some reasoning & basic English comprehension test as well.

Round 3 - One-on-one 

(3 Questions)

  • Q1. They will try to know if your foundation in all the commerce subjects are good or not. May be they can ask few questions regarding MS Excel.
  • Q2. Why do you want to join US Taxation?
  • Q3. What is Vlookup & Hlookup.
  • Ans. 

    Vlookup & Hlookup are Excel functions used to search for a value in a table and return a corresponding value.

    • Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column.

    • Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.

    • Both functions are commonly used in Excel for data analysis and manipulation...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before Oct 2023. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. What is accumulated depreciation
  • Ans. 

    Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was acquired.

    • Accumulated depreciation is a contra asset account, meaning it has a credit balance.

    • It represents the total depreciation expense recognized on an asset over its useful life.

    • Accumulated depreciation is used to reduce the carrying amount of an asset on the balance sheet.

    • For example, if a company ...

  • Answered by AI
  • Q2. What is contingent Asset and Contingent Liability
  • Ans. 

    Contingent assets and liabilities are potential assets and liabilities that may arise in the future based on certain events.

    • Contingent Asset: potential assets that may arise in the future if certain events occur, such as a pending lawsuit or a potential tax refund.

    • Contingent Liability: potential liabilities that may arise in the future if certain events occur, such as a pending lawsuit or a warranty claim.

    • Contingent as...

  • Answered by AI
Round 2 - Technical 

(2 Questions)

  • Q1. Journal entries
  • Q2. Accounting concepts and examples
  • Ans. 

    Accounting concepts are fundamental principles that guide the preparation and presentation of financial statements.

    • Accrual accounting vs. cash accounting

    • Matching principle

    • Conservatism principle

    • Revenue recognition principle

    • Historical cost principle

    • Materiality principle

  • Answered by AI
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.

I applied via Recruitment Consultant and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. What was your expectation from this new role?
  • Q2. Can you elaborate on your past experiences?
  • Q3. What do you want to work with EY GDS?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be as authentic as you can be when you go in for the interview. Do your homework and prepare your own questions - most interviewers at EY are sharp and ask very pertinent questions.

I applied via Campus Placement and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What is bank reconciliation?
  • Ans. 

    Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

    • It helps to identify any discrepancies between the two records.

    • It ensures that all transactions are accurately recorded in the company's books.

    • It involves matching transactions on the bank statement with transactions in the company's accounting system.

    • Any differences are investigated and resolved.

    • Examples of items...

  • Answered by AI
  • Q2. What is cash flow statement?
  • Ans. 

    Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

    • It shows the sources of cash and how it is used.

    • It is divided into three sections: operating, investing, and financing activities.

    • It helps in analyzing the liquidity and solvency of a business.

    • Example: A company's cash flow statement shows that it has a positive cash flow from operating activities,...

  • Answered by AI
  • Q3. Journal entries
  • Q4. More questions on cash flow statement by asking and example

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare basics of accounts only for technical round

I applied via Recruitment Consultant and was interviewed before Apr 2020. There were 6 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What was my experience in stakeholder management? Am I comfortable in pushing stakeholders back and standing my ground.
  • Ans. 

    Yes

    • I have extensive experience in stakeholder management throughout my career.

    • I am comfortable in pushing back stakeholders when necessary and standing my ground.

    • I prioritize open and effective communication with stakeholders to ensure their needs are met.

    • I have successfully managed stakeholders in various projects, including one where conflicting interests needed to be resolved.

    • I believe in building strong relationshi...

  • Answered by AI
  • Q2. How do I perform and manage under pressure?
  • Ans. 

    I perform and manage under pressure by staying calm, prioritizing tasks, seeking support, and maintaining focus.

    • Stay calm and composed to think clearly and make rational decisions

    • Prioritize tasks based on urgency and importance

    • Seek support from colleagues or supervisors when needed

    • Maintain focus by setting goals and breaking them down into manageable steps

    • Example: In my previous role, during a high-pressure project dea...

  • Answered by AI
  • Q3. Best examples of managing campaigns and negotiating between stakeholders.
  • Ans. 

    Successfully managed campaigns and negotiated between stakeholders for various projects.

    • Developed and executed a social media campaign for a non-profit organization, resulting in a 30% increase in donations.

    • Negotiated with vendors to reduce costs by 15% for a company's annual conference.

    • Managed a political campaign, coordinating with volunteers and stakeholders to ensure a successful election.

    • Collaborated with cross-fu...

  • Answered by AI
  • Q4. What am I looking for in my new role and how do I want to grow in it?
  • Ans. 

    I am looking for a challenging role where I can contribute my expertise and continue to grow professionally.

    • Opportunity to work on complex projects

    • Ability to lead and mentor junior team members

    • Continued learning and professional development

    • Opportunities for advancement and career growth

    • Collaborative and supportive work environment

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare your interview as per your resume. Prepare well and be ready to explain things in details. Also, there will be 2-3 rounds of interview on average and it may go up to 3-4 depending on role and seniority
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

Adobe Iluustrator assignment of a 4 pager layout

Round 2 - One-on-one 

(2 Questions)

  • Q1. How will you deal with multiple projects
  • Q2. How to deal with work related issues
  • Ans. 

    Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.

    • Communicate openly with colleagues and supervisors to address any issues that arise

    • Seek solutions collaboratively by brainstorming with team members and seeking input from others

    • Prioritize tasks effectively to ensure that important issues are addressed in a timely manner

  • Answered by AI

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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