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I applied via Approached by Company and was interviewed in Feb 2024. There were 3 interview rounds.
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
It provides a snapshot of a company's financial position.
Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.
The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.
It helps in...
A journal entry is a record of a financial transaction in a company's accounting system.
Journal entries are used to record debits and credits for each transaction.
They help in maintaining accurate financial records and tracking the flow of money within a company.
Each journal entry includes a date, description, accounts affected, and amounts debited and credited.
For example, a journal entry for a sale transaction would ...
Petty cash is a small amount of cash kept on hand by a company for minor expenses.
Petty cash is used for small, everyday expenses that are impractical to pay for with a check or credit card.
It is typically kept in a secure location and managed by a designated employee.
Replenishment of petty cash is done by submitting receipts for the expenses incurred.
Common uses of petty cash include office supplies, postage, and mino...
Contra entry is a transaction that involves both a debit and a credit entry to the same account, resulting in a net zero effect on the account balance.
Contra entries are typically used to correct errors, transfer funds between accounts, or record non-cash transactions.
Examples of contra entries include bank transfers, cash withdrawals for personal use, and corrections of accounting mistakes.
Contra entries are usually m...
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It helps in ensuring the accuracy of the financial transactions recorded by the company.
Common items on a bank reconciliation statement include outstanding checks, deposits in transit, bank errors, and service charges.
The go...
BRS is used to document the agreed upon requirements between the client and the development team.
BRS helps in ensuring that both parties have a clear understanding of the project requirements.
It serves as a reference point throughout the development process.
BRS helps in minimizing misunderstandings and scope creep.
It provides a basis for testing the final product against the initial requirements.
Examples: Software deve
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity
For example, when a company receives cash fro...
A creditor is a person or institution to whom money is owed.
A creditor is someone who has provided goods or services on credit to another party
Creditors can include individuals, businesses, or financial institutions
Examples of creditors include suppliers, banks, and bondholders
I applied via Recruitment Consulltant and was interviewed before Nov 2021. There were 2 interview rounds.
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services.
GST is a comprehensive tax system that has replaced multiple indirect taxes in India.
It is a destination-based tax, which means that the tax is collected at the point of consumption.
GST has three components - CGST, SGST, and IGST, which are levied by the central and state governments.
It has simplified the tax structure a...
There are several types of taxes, including income tax, sales tax, property tax, and corporate tax.
Income tax is a tax on an individual's earnings or income.
Sales tax is a tax on the sale of goods and services.
Property tax is a tax on the value of real estate or personal property.
Corporate tax is a tax on the profits of corporations.
Other types of taxes include excise tax, estate tax, and payroll tax.
Top trending discussions
The hair care industry in India is growing rapidly, with increasing demand for natural and organic products. Investment decision depends on company goals and market research.
India's hair care industry is expected to reach $13.3 billion by 2025
Growing demand for natural and organic products
Strong competition from established brands like Dove, Pantene, and L'Oreal
Opportunities for niche players in the market
Investment de...
The current market situation is volatile due to the ongoing COVID-19 pandemic and geopolitical tensions.
The COVID-19 pandemic has caused disruptions in global supply chains and reduced consumer demand.
Geopolitical tensions, such as the US-China trade war, have led to uncertainty and market fluctuations.
The technology sector has been performing well, while industries such as travel and hospitality have been hit hard.
Inv...
SkinCareIndiaPvt.Ltd should focus on product innovation, competitive pricing, and effective marketing strategies.
Invest in research and development to create innovative products
Offer competitive pricing to attract price-sensitive customers
Implement effective marketing strategies to increase brand awareness and customer loyalty
Expand product line to cater to different customer needs
Partner with influencers and beauty bl...
I would invest in a firm with a strong management team, a clear growth strategy, and a solid financial track record.
Look for firms with experienced and successful leaders
Research the company's growth potential and plans for expansion
Analyze the company's financial statements and performance history
Consider the industry and market trends
Examples: Blackstone, KKR, Carlyle Group
I am a highly motivated individual with a passion for learning and a strong work ethic.
I have a degree in computer science and have completed several internships in software development.
I am proficient in programming languages such as Java, Python, and C++.
I am a quick learner and enjoy taking on new challenges.
I am a team player and have experience working collaboratively on projects.
I am also a good communicator and
Alvarez is a reputable company with a strong track record in the industry.
Alvarez has a proven track record of success in the industry
The company has a reputation for quality and reliability
Alvarez has a strong commitment to customer satisfaction
The company offers a wide range of products and services to meet the needs of its customers
Consulting provides expert advice and solutions to complex problems.
Consulting helps businesses and organizations improve their performance and achieve their goals.
Consultants bring specialized knowledge and experience to help clients solve specific problems.
Consulting can provide an outside perspective and objective analysis of a situation.
Consultants can help clients navigate change and implement new strategies.
Examp...
I have not worked at Tata Steel.
I do not have any work experience at Tata Steel.
I have not worked in the steel industry before.
I am open to exploring opportunities in the field of steel manufacturing.
I have a passion for cooking and have won several local cooking competitions.
I enjoy experimenting with different cuisines and creating my own recipes.
I have taken cooking classes and workshops to improve my skills.
I have volunteered at a local soup kitchen to help prepare meals for the homeless.
I have a food blog where I share my recipes and cooking tips.
I have also catered small events for friends and family.
My friends perceive me as a reliable and supportive person who is always there for them.
Reliable and dependable
Supportive and empathetic
Good listener
Fun and easy-going
Honest and trustworthy
Yes, I do read management books.
I believe that reading management books is essential to keep myself updated with the latest trends and techniques in the field.
I have read books like 'The Lean Startup' by Eric Ries, 'Good to Great' by Jim Collins, and 'The 7 Habits of Highly Effective People' by Stephen Covey.
These books have helped me develop my leadership skills, improve my decision-making abilities, and enhance my ov...
I applied via Referral
I applied via Campus Placement and was interviewed before May 2020. There were 3 interview rounds.
Competitor analysis involves identifying and evaluating the strengths and weaknesses of competitors.
Identify competitors in the market
Gather information on their products/services, pricing, marketing strategies, and target audience
Analyze their strengths and weaknesses
Compare their offerings to your own
Identify opportunities and threats in the market
Use SWOT analysis to summarize findings
I applied via Campus Placement
Can you derive a mathematical equation to estimate the demand for glass bottles in a region?
It is difficult to determine the exact number of street hawkers in Delhi due to their informal nature.
Street hawkers in Delhi operate informally and are not registered with any authority.
Their numbers fluctuate depending on various factors such as time of day, location, and season.
Estimates suggest that there are anywhere between 200,000 to 500,000 street hawkers in Delhi.
Counting them accurately is a challenging task ...
Can you estimate the number of e-rickshaws on the streets of Lucknow, how would a new company penetrate the Lucknow market?
I applied via Campus Placement
Suppose you are a consultant at A&M and your client is the Mumbai International Airport Authority. The CEO has approached you to suggest ways to increase earnings per passenger.
[Please note that I stands for Interviewer and C stands for Candidate]
C: I would like to start by splitting the revenue into aero and non-aero revenue. Would you like me to focus on any particular revenue stream first?
I: Yes, let us focus on non-aero revenue sources only.
C: I would like to map the customer journey here and identify key factors impacting the non-aero revenue. Passenger Mix, Placement of Retail outlets and Retail Mix are the three critical parameters.
At this point, data for Retail spend per passenger, Retail Area and Passenger Mix (International: Domestic) was provided.
C: Calculated the current numbers and what incremental revenue would the airport be able to generate through changes at various steps.
I: Could you please go ahead and compare these parameters with four major airports - Delhi, Hyderabad, Chennai, and Bangalore?
C: Differentiated the airports based on available data. Provided final recommendations for increasing the revenue.
I: Assume that there is an option to place a Subway or an Apparel shop near the boarding gates. What would you recommend?
C: Calculated the monthly revenue for both options using footfalls and average bill value, splitting into the peak, non-peak, non-operational hours and came up with a final recommendation.
Our client is a PE firm, looking to invest in a mid-market player in the Cement industry. How would you form a view on its pricing growth?
[Please note that I stands for Interviewer and C stands for Candidate]
C: Before I move on to pricing, I would like to understand a bit more about the cement company, its customers and current competition in the market.
I: Interviewer provides details of the company.
C: I now have a fair understanding of the company and would now like to move on to the macroeconomic factors impacting the industry and then would like to understand the cement industry scenario in terms of buyer, suppliers, and competition.
I: Interviewer provides details on the questions asked. How do you now approach the pricing growth?
C: Discussed the three main ways of pricing - Cost, Competition and Value based.
I: Talked about relevant concepts including asset turnover and RoI.
Estimating the number of pressure cookers sold in a year in India.
Research the population of India and estimate the average household size.
Determine the percentage of households that own a pressure cooker.
Find the average lifespan of a pressure cooker and estimate the replacement rate.
Consider factors like urbanization, income levels, and cultural preferences.
Consult industry reports and market research data for more a
The number of cricket balls used in an IPL series varies depending on factors such as match duration, weather conditions, and ball condition.
The number of cricket balls used in an IPL series can range from a few hundred to over a thousand.
Each match in an IPL series typically uses multiple balls due to wear and tear during the game.
The number of balls used can also be affected by factors such as rain interruptions or b...
I applied via Campus Placement
Started with interviewer telling me about him and his work area in A&M.
Tell me about yourself?
[Please note that I stands for Interviewer and C stands for Candidate]
C: Presented the prepared answer but modulated it more towards work experience and internships done in same area as the interviewer (Pharma).
I: Walk me through your CV and major projects done?
C: Started from work experience and explained all projects with an addition of projects done in internships at the end.
I: Your client is a big hospital looking to improve its operations. Come up with main 3 problems you would consider improving on by applying analytics-based methods.
C: Took a min to note down certain points. Followed the problems a normal person would face in the hospital after entering and effectively communicated my thinking for the problem with the interviewer.
Addressed problems relating to scheduling for a patient in attending a doctor consultation or lab, self-registration after entering hospital and report collection etc. and applied analytics-based solutions for the same.
You are conducting a cricket tournament in IIM Lucknow. How many cricket balls would be used in it if you want to order all at once?
[Please note that I stands for Interviewer and C stands for Candidate]
I: Tell me about your projects in dashboarding?
C: Walked him through all the projects done in that domain with all the technologies used. Some cross questioning on hygiene check of dashboards and things to consider while developing them.
I: As you mentioned you have a liking for sports, let's do a guesstimate. You are conducting a cricket tournament in IIM Lucknow. How many cricket balls would be used in it if you want to order all at once?
C: Asked preliminary questions about the tournament pattern and number of teams involved. Calculated the number of matches that would be played and then the number of balls that would be required. Added a buffer stock at the end as a random percentage but gave reasoning on the basis of loss and wear & tear of the balls.
The Interview was basically a last round just to know me more and about my background. Asked questions on why I chose biotechnology and now an MBA and how I see the biotech space growing in near future with some new findings in that area.
Some questions were about my work experience and internships and also about the life at IIM Lucknow so far.
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Assistant Manager
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Senior Associate
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Associate Consultant
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