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BRD focuses on business requirements, while FRD focuses on functional requirements.
BRD (Business Requirements Document) outlines the business objectives and goals that the project aims to achieve.
FRD (Functional Requirements Document) details the specific functions and features that the system must have to meet the business requirements.
BRD is more high-level and focuses on the 'what' of the project, while FRD is more ...
Regression statistics explain relationships between variables in a dataset.
Regression statistics help in understanding the relationship between a dependent variable and one or more independent variables.
It provides information on the strength and direction of the relationship.
Common regression statistics include R-squared, coefficients, p-values, and standard errors.
Regression analysis can be used to make predictions b
I have worked with a diverse range of clients including small businesses, multinational corporations, and non-profit organizations.
Small businesses
Multinational corporations
Non-profit organizations
Challenges faced during audit included managing tight deadlines, dealing with uncooperative clients, and interpreting complex regulations.
Managing tight deadlines for completing audit tasks
Dealing with uncooperative clients who were hesitant to provide necessary information
Interpreting complex regulations and ensuring compliance with them
Balancing multiple audit projects simultaneously
Logistic regression is used for classification while linear regression is used for regression. Threshold is decided based on the problem.
Logistic regression predicts the probability of an event occurring, while linear regression predicts a continuous outcome.
Logistic regression uses a sigmoid function to map the predicted values between 0 and 1.
Linear regression uses a linear equation to model the relationship between ...
The evaluation metric for a problem is decided based on the specific goals and requirements of the problem.
Consider the problem's objective: classification, regression, clustering, etc.
Understand the business or research context to determine the most relevant metric.
Evaluate the metric's suitability: sensitivity to class imbalance, interpretability, etc.
Choose a metric that aligns with the problem's priorities and cons...
I applied via Campus Placement
S.R.Batliboi & Co. interview questions for popular designations
I was interviewed before Jan 2024.
Ind AS 115 is a revenue recognition standard that outlines a five step model for recognizing revenue from contracts with customers.
Ind AS 115 is based on the principle that revenue should be recognized when goods or services are transferred to the customer at the amount the entity expects to be entitled to.
The five step model includes: identifying the contract with the customer, identifying the performance obligations ...
CARO (Companies Auditor's Report Order) has undergone major changes to enhance transparency and accountability in financial reporting.
CARO 2020 has expanded the scope of reporting requirements for auditors.
It now includes reporting on various additional matters such as internal financial controls, default in repayment of loans, frauds, etc.
The threshold limits for reporting on related party transactions have been revis...
IFC stands for Incremental File Change. It is a method used in software development to track changes in files over time.
IFC is commonly used in version control systems like Git to track changes made to files.
It allows developers to see the history of changes, revert to previous versions, and collaborate with others on the same codebase.
Practical examples of using IFC include committing code changes to a Git repository,
AS 9 and Ind AS 115 are accounting standards related to revenue recognition, with Ind AS 115 being more comprehensive and principles-based.
AS 9 is the old Indian Accounting Standard related to revenue recognition, while Ind AS 115 is the new converged Indian Accounting Standard based on IFRS 15.
AS 9 follows the percentage of completion method for revenue recognition, whereas Ind AS 115 follows a five-step model approac...
Ind AS 116 and AS 17M are accounting standards related to lease accounting, with Ind AS 116 being the updated version of AS 17M.
Ind AS 116 is the updated version of AS 17M, which deals with lease accounting.
Ind AS 116 requires lessees to recognize most leases on their balance sheets, while AS 17M allows for off-balance sheet treatment in certain cases.
Under Ind AS 116, lessees must recognize a right-of-use asset and a ...
Get interview-ready with Top S.R.Batliboi & Co. Interview Questions
I applied via Referral and was interviewed in Dec 2022. There were 3 interview rounds.
My daily prime activities include managing schedules, coordinating meetings, handling correspondence, and assisting with projects.
Creating daily to-do lists and prioritizing tasks
Scheduling meetings and appointments
Coordinating travel arrangements
Handling phone calls and emails
Assisting with project research and preparation
Organizing files and documents
I applied via Referral and was interviewed before Dec 2023. There was 1 interview round.
I applied via Referral and was interviewed in Jun 2022. There was 1 interview round.
I applied via Referral and was interviewed in Feb 2022. There was 1 interview round.
The question covers various topics related to auditing and accounting.
Schedule 3 amendments refer to changes made in the Companies Act, 2013.
Caro 2020 is the Companies (Auditor's Report) Order, 2020 which outlines the format and content of the auditor's report.
Stock audit involves verifying the physical existence and valuation of inventory.
Auditing rental and housekeeping expenses involves checking the accuracy and com...
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