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I applied via Approached by Company and was interviewed in Feb 2024. There were 3 interview rounds.
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...
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.
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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
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
posted on 3 Nov 2023
I applied via Approached by Company and was interviewed before Nov 2022. There were 3 interview rounds.
I applied via Campus Placement
You are working with the government of India and need to increase the revenue generated from sports in India. How will you do it?
[Please note that I stands for Interviewer and C stands for Candidate]
C: Sure, should I focus on one sport to increase the revenue or should I focus on all sports which have the potential to increase revenues?
I: Your choice.
C: Great. I would like to divide the sports into two categories: Individual sports like badminton, tennis and team sports like basketball, cricket. Then we can look at both the categories and focus on whichever suits us better.
I: Sounds good.
C: I would like to focus on team sports first as cricket and hockey are doing really well in India, so I would explore other such sports. I would like to take up basketball first as I know more about it as compared to others.
I: Yes, you can start with basketball.
C: Since basketball is not a common game in India, I will divide it into the rural and urban segment and think about ways to increase awareness and hence the participation. In rural areas, people do not play this sport due to improper infrastructure and hence as the government of India we could build courts in some parts to increase participation. We could also play sports mandatory as a subject in school. Coming to the urban segment, I would divide the people in two groups: sports and non-sports, then I will look at ways to increase participation in both.
I: Focus on people who play other sports, how will you increase participation from them?
C: For the people who play other sports, it is mostly because they have been taught the same since a very young age. Basketball being uncommon can be made known to people by improving the facilities available in India. Being a player myself, the facilities here are bad and hence there is less scope to do well in this sport. We could also have more events for basketball to improve competition, not just with Indian players but can bring in International players for exposure. Games like NBA should be promoted, similar to FIFA or a cricket world cup.
I: Sounds good. If you were to conduct a basketball event, what all revenue streams would you have?
C: The different revenue streams that I can think of are: Tickets, Food and Drinks, Parking, Media Rights, Advertisements, any other event conducted on the ground when there is no game going on.
Your client is a leading Asian Automaker in the Luxury segment. Should they enter India and if they do, how?
[Please note that I stands for Interviewer and C stands for Candidate]
C: Can I assume our car company to be like other Luxury players in the market like BMW, Mercedes, etc.?
I: Yes, our company is similar.
C: Do we have a time or a budget crunch?
I: Nothing of that sort.
C: Where are we currently operating, why India, why now?
I: America, vast market and felt like expanding now.
C: I would like to divide this case in 4 parts: Explore the India market, explore the luxury car industry (market sizing as well), look at how we will enter (modes of entry), potential risks involved.
I: You can ignore the first bucket and start from the second.
C: Sure. (Looked at all of Porter's forces one by one and did a qualitative level market sizing)
I: How would you make people switch to our car?
C: I would divide it in two parts: First would-be people who do not own a luxury car and the second would be people with a luxury car who can switch to our segment. To bring about a differentiation, I would firstly look at the car features, the pricing, coverage, and reach, lastly at advertising.
I: Why would people want to use a luxury car?
C: Two reasons: Status/Prestige and Credibility.
I: Good, now where all will you advertise?
C: For advertisements we have three channels: Banners and Ads, Social Media, Collaboration with offices, hotels, celebrities, etc. We could also rely on word of mouth to gain credibility.
I applied via Campus Placement
I bring a unique blend of analytical thinking and creative problem-solving, allowing me to approach challenges from multiple angles.
Analytical Skills: I have a strong background in data analysis, demonstrated by my work on a project that improved operational efficiency by 20%.
Creative Problem-Solving: I once led a team brainstorming session that generated innovative solutions for a client’s marketing strategy, resultin...
Our client is a packaged tea manufacturer. He has two factories, say Factory 1 and Factory 2 located in Noida with maximum production capacity of 100 tons per month each. Assume earlier the demand was the summation of production capacity of two factories, that is, 200 tons per month. However, client has forecasted that in coming months the demand is going to fall to 150 tons per month. Devise a production allocation strategy for the client.
[Please note that I stands for Interviewer and C stands for Candidate]
C: Where are the two factories located?
I: Assume both factories are in the same industrial park in Noida.
C: Okay. The production allocation decision will depend upon the total cost that will be incurred during the manufacturing process. Are both the factories owned by us?
I: No, only Factory 1 is owned by us. We buy the end product from Factory 2.
C: Do we have any data on what is the total cost or cost per unit incurred in both factories?
I: Yes. (Interviewer then gave the data about fixed and variable cost of both factories.)
Factory 1 - Rs 300 per ton. It can be divided into 3 parts - labor (Rs 100 – 80 fixed, 20 variable); utilities (Rs 100 per ton); fuel (Rs 100 per ton).
Factory 2 – Rs 225 per ton.
C: Okay. From the data given by you, Factory 1 has fixed cost of Rs 80 per ton * 100 tons = Rs 8000 and variable cost of Rs 220 per ton.
Assuming we produce x tons in Factory 1. Then we will be producing 150 – x in Factory 2. Max value of x can be 100 tons. Total cost would come around to be 8000 + 220x + 225(150 – x) => 41000 – 5x. Hence from the cost equation, we can infer that keeping x as 100 that is, running factory 1 at full capacity will give us the minimum cost C: Good. Can you think of why production in our own factory with outdated machinery is preferrable as compared to buying product from factory 2 which employs better production techniques?
I: The variable component of labor cost is the major factor. If the split would have been 60:40 instead of 80:20, we would have come up with a totally different answer.
We have been approached by a global publisher of legal & accounting books. They are planning to expand into India by buying a print & paper based local publisher of similar kind of books. Can you help them size the market? Also, what do you think are the risks of digital disruption?
[Short case -15 to 20 min]
(Started with questions to probe the problem statement.)
[Please note that I stands for Interviewer and C stands for Candidate]
C: Okay, just to reiterate, the client is a legal & accounting books publisher looking to buy a print & paper-based publisher in India.
I: Correct.
C: What is the objective behind buying out this new publisher?
I: They are looking for geographical expansion.
C: What is the timeline that the client is looking forward to?
I: No timeline as such. They just want to know what the potential market size of the industry is.
C: Okay. To start with estimating the market size, can you help me understand where all legal and accounting books are used? From my understanding, educational institutions, and people working in this profession might refer to these as well such as lawyers, accountants.
I: Yes, you are right. Let us consider only educational institutions for the case.
C: In educational institutions, we can have schools as in India, senior secondary education has subjects on accounts, as well as colleges/universities for these domains.
I: Consider only educational institutions for undergraduate & post-graduate studies.
C: Okay, my strategy here would be to estimate the demand of new books in a period of one year. This can be calculated by estimating number of colleges that we have in the country and the books required by students of each year, i.e., freshers, 2nd year students etc.
I: Go on.
C: (followed standard guesstimate procedure starting with Indian population, estimating the number of students opting for accounts and law post their schooling and then estimated the number of students for each year in their undergrad. Assumed the number of books required by each student in a semester and estimated the total number of books required. Took some time here and hence could not move to risks for digital disruption in the sector.)
I – Okay. I think we are running out of time. Can you quickly list down what can be the potential risks that the legal & accountings books publishing industry faces due to digital disruption?
C – Yes, due to the increasing popularity of eBooks, hard copies are not preferred much because they are bulky. Whereas eBooks can be accessed anywhere on phones, laptops. That is a potential risk that the industry faces. Also given the rise in educational tech and coming up of startups in the EdTech domain, the hard copies of textbooks are becoming redundant as most of the information is provided digitally.
I – Sure, makes sense. Thank you Rishabh for your time.
MP Government is facing an all-time low in tourism and entertainment industry due to COVID-19. Suggest some ways in which MP Government can tackle this problem.
[Short case – lasted 10-15 min]
[Please note that I stands for Interviewer and C stands for Candidate]
C: Okay, just to reiterate, MP Government has reached out to us because it is facing a decrease in revenues in tourism & entertainment industry and we have been asked to provide solutions in which it can tackle this issue.
I: Right.
C: Do we have any budgetary constraints?
I: No constraints as such.
C: What is the timeline we are looking at? Is the government looking for solutions in the short term or in the long term?
I: You can go ahead and give solutions for both short term and long term.
C: [After this the discussion was on the lines of what potentially comes under tourism & entertainment – tourist sites, cinema theatres, sports events, fairs (melas), theme parks. After this, discussion shifted to potential sources of revenue for a theatre. Employing how exactly a customer would go about watching a movie in a theatre, I laid down the journey and potential sources of revenue for the theatre such as parking fees, ticket sales and snacks & beverage sales. After this there was a similar discussion on revenues that the government can generate from hosting sporting events in the state.]
I: We can end the case now. So, what do you think how did the case go?
C: Since the case ended soon, I could have jumped quickly and elaborated on the solutions for tackling the issues instead of majorly focusing on what all the problems can be.
I: No issues, I think you listed the sources of problem well. Thank you for your time.
I applied via Campus Placement
Your client is a glass manufacturer looking to grow. They need your help.
[Please note that I stands for Interviewer and C stands for Candidate]
(Firstly, used a CPCC framework to know more about the problem)
C: Okay, I would like to start with knowing a little more about the client. When we say it is a glass manufacturer, what type of glass products do they manufacture. Is it the one used at homes or in cars or buildings or any other use?
I: Yes, so it is a glass used in glass facades in homes for windows and panes.
C: Okay. So, what type of expansion is the company eyeing. Is it looking to expand into new markets or within the same market?
I: The current market in which it operates is pretty saturated, and they are looking to expand into new markets.
C: And by new markets, do they mean new geographies or new product line.
I: They want to operate in the same geographies they have currently been operating in. They are looking to expand their product portfolio. Can you help them decide that?
C: Yes definitely. So new products can be added by either identifying different uses of the existing manufacturing capabilities or adding new ones. Considering that we have less time, the first option seems to be a better one.
I: Yes, that’s correct. Can you help them identify what are the alternate uses of the glass that they sell?
C: I would like to first divide the uses into 2 groups. Stationery uses and Moving objects. Moving objects would be the cars, buses, trucks etc. and stationery would include the buildings.
I: You can look into the building use.
C: Okay, so buildings can be then divided as residential buildings and office spaces. Majority of the office spaces have glass facades and very few residential buildings have it due to privacy concerns, which area should I first focus on?
I: We have primarily been selling our product for office buildings. Can you give some uses of the product in residential buildings?
C: Yes, definitely. (Asked for some time and then came up with a few uses) So, the uses can be of 2 types. One is outside the home use, and another could be inside it.
Outside uses includes the glass railings, windows, staircase railings Inside the house includes indoor windows, dining tables, fixed cabinets, steam room in washrooms.
(Overall, it was a moderate case. The interviewer focused more on idea generation than anything else.)
based on 3 interview experiences
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