Sahyadri Industries Assistant Manager Finance Interview Questions, Process, and Tips

The question is asking if the candidate has handled the profile before.

• Yes, I have handled similar profiles in my previous roles

• No, this would be a new experience for me

• I have experience in handling financial profiles but not specifically as an Assistant Manager

Generally accepted accounting principles are a set of rules and standards that companies must follow when preparing financial statements.

• GAAP ensures consistency and transparency in financial reporting

• GAAP includes guidelines for revenue recognition, expense recognition, and asset valuation

• Examples of GAAP include the matching principle, historical cost principle, and full disclosure principle

Indian Accounting Standards (Ind AS) are a set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards (IFRS).

• Ind AS are based on principles rather than rules, providing more flexibility in financial reporting.

• They aim to improve transparency, comparability, and reliability of financial statements.

• Example: Ind AS 115 - Revenue from Contr...read more

Yes, I have experience handling ERP systems in my previous roles.

• Managed ERP system for financial data analysis and reporting

• Implemented upgrades and enhancements to ERP system

• Trained team members on how to use ERP system effectively