S.R. Batliboi & Associates Senior Accounts and Audit Executive Interview Questions and Answers

Q1. Can you use vlookup
Ans. 
Yes, vlookup is a function in Excel used to search for a value in a table and return a corresponding value.
• Vlookup is a built-in function in Excel used to search for a value in the first column of a table and return a value in the same row from a specified column.

• It is commonly used for looking up specific information in a large dataset.

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: ...read more
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Q1. Realated past experience and knowledge
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Numerical ability

Q1. How we do audit of revenue
Ans. 
Auditing revenue involves examining financial records, verifying transactions, and ensuring compliance with accounting standards.
• Reviewing sales invoices, receipts, and contracts to ensure accuracy and completeness

• Comparing recorded revenue with supporting documentation to identify discrepancies

• Testing the effectiveness of internal controls and procedures for revenue recognition

• Analyzing revenue trends and patterns to ...read more
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Q2. What do you mean by KAM's
Ans. Give complete details of SA 701
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Q1. Why do you want to join WCC?
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Q1. What do you know about IndAS 116?
Ans. 
IndAS 116 is an accounting standard that governs the treatment of leases in financial statements.
• IndAS 116 replaces the previous standard, IndAS 17, and requires lessees to recognize most leases on their balance sheets.

• It distinguishes between finance leases and operating leases, with different accounting treatments for each.

• Under IndAS 116, lessees must recognize a right-of-use asset and a lease liability for all leas...read more
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Q1. Ind AS 115 Revenue recognition
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Q1. How do we test for completeness of asset
Ans. 
Completeness of assets can be tested by reconciling physical assets with recorded assets, conducting inventory counts, and reviewing documentation.
• Reconcile physical assets with recorded assets to ensure all assets are accounted for

• Conduct regular inventory counts to verify the presence of all assets

• Review documentation such as purchase orders, invoices, and receipts to confirm the acquisition of assets

• Perform random s
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Q1. Personal questions
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Q1. Tell me about yourself Caro 20 amendment Schedule 3 amendment
Ans. 
I am a dedicated and experienced consultant with a strong background in project management and problem-solving skills.
• Briefly mention your professional background and experience

• Highlight key skills and strengths relevant to consulting

• Mention any specific achievements or projects that showcase your abilities

• Discuss your passion for helping clients achieve their goals
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Q1. Intro Few question
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