S.R.Batliboi & Co. Executive Assistant Interview Questions and Answers

Basic Accounting rectification entries, Basic Code based reasoning, and directional questions

Q1. Mutual Fund and hedging
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Q2. Why do you want to switch
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Q3. Why you want to work at NAV
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Q4. Basic Numerical question of NAV Calculation
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Q1. Which profile you want to choose
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Q2. Salary expectation
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
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Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
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Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. What is depreciation, accrual, prepayment?
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Depreciation is the allocation of the cost of an asset over its useful life, accrual is recognizing revenue and expenses when they are incurred, and prepayment is paying for expenses before they are incurred.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet over time.

• Accrual accounting matches revenue and expenses to the period they are incurred, not when cash is exchanged.

• Prepa...read more
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Q2. Diffence between test of details and controls?
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Test of details focuses on specific transactions or account balances, while controls test the effectiveness of internal controls.
• Test of details involves examining individual transactions or account balances to ensure accuracy and completeness.

• Controls testing evaluates the effectiveness of internal controls in preventing or detecting errors or fraud.

• Test of details may involve confirming account balances with third pa...read more
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Q3. Audit procedures for purchase cycle, payroll?
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Audit procedures for purchase cycle and payroll involve verifying transactions, reconciling accounts, and testing internal controls.
• Verify purchase orders, invoices, and payments match

• Reconcile accounts payable ledger to vendor statements

• Test segregation of duties in payroll processing

• Review payroll register for accuracy and completeness

• Confirm payroll taxes are properly withheld and remitted
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Q4. Revenue recognition as per IFRS?
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Revenue recognition under IFRS involves recognizing revenue when it is earned and realizable, regardless of when cash is received.
• Revenue is recognized when it is probable that economic benefits will flow to the entity and the revenue can be reliably measured.

• Revenue is measured at the fair value of the consideration received or receivable.

• Revenue recognition criteria include transfer of risks and rewards, no continuin...read more
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Q5. What is deferred tax and why deferred tax?
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Deferred tax is a balance sheet item that represents the tax consequences of temporary differences between accounting income and taxable income.
• Deferred tax arises due to timing differences in recognizing income and expenses for tax and accounting purposes.

• It is recorded on the balance sheet as a liability or asset depending on whether the tax payable is more or less than the tax expense recognized in the income statem...read more
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Q1. Why you want to join BDO?
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Q2. What is the reason for applying for this position?
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Q3. Where do you see yourself in 5 years?
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Q4. Tell me your previous experience on how did you manage excess work pressure?
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Q5. How will you deal with demanding clients?
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Q6. How will you deal with client whet it's not our fault?
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I would empathize with the client, explain the situation calmly, offer solutions or alternatives, and ensure their satisfaction.
• Listen to the client's concerns and acknowledge their feelings

• Explain the situation calmly and objectively

• Offer solutions or alternatives to address the issue

• Ensure the client's satisfaction and maintain a positive relationship
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Q7. Would you be able to face clients and how would you negotiate for realistic deadlines if client is proposing unrealistic deadlines?
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Q1. About myself and accounting entries and compliance
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Q1. About balance sheet and goals
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Q1. Team handling, training to new staff
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Q2. Budget, target work
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Q1. Tell me about yourself IND AS related questions
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Q2. Are ok with travelling
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Yes, I am comfortable with travelling for work purposes.
• I am willing to travel for client meetings, audits, and other work-related tasks

• I understand that travelling may be required occasionally and I am prepared for it

• I have previous experience travelling for work during internships or previous jobs
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Q3. Do you have vehicle to travell around the city and daily up down from your home to Office and from office to home.
Ans. 
Yes, I have a vehicle for daily commute to the office and back home.
• Yes, I have a car that I use for daily transportation.

• I ensure regular maintenance of my vehicle to avoid any breakdowns.

• Having a vehicle allows me to be punctual and reliable for work.

• In case of emergencies or late hours at work, having a vehicle is convenient for safe travel.
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Q1. What are your salary expectations
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Q2. What is your preferable location
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Q1. Basic general questions related to things mentioned in cv
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Q1. Related to tds, advance tax
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Q2. Due dates of each
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Q1. Basic details asked by hr
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Q1. Junior partner takes interview and asked about process of GRC.
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Q1. Sr. Partner in GRC takes the interview and asked about only your personal things as he didn't know about any GRC processing. You get easily hired if u know basic process of GRC.
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