T R Chadha & Co Llp Executive Accountant Interview Questions and Answers for Experienced

Q1. Please Introduce Yourself
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Q2. Reason for Job change?
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General Mathematical And Logical Test

Round 1 was a technical assignment which includes aptitude test, accounting test and excel test

Q1. Basic details like tell me about yourself
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Q2. About your family and future goals.
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Q1. About financial statements
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Q2. Financial ratios
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Q3. Mutual fund vs hedge fund
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Mutual funds are managed by professionals who invest pooled funds in a diversified portfolio of securities, while hedge funds are more actively managed and use a variety of strategies to achieve high returns.
• Mutual funds are regulated by the SEC and have restrictions on trading practices, while hedge funds have more flexibility and are only available to accredited investors.

• Mutual funds are typically more suitable for ...read more
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Q4. Type of bonds and shares. And corporate actions.
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Bonds and shares are types of securities issued by companies to raise capital. Corporate actions refer to events that impact shareholders.
• Types of bonds include government bonds, corporate bonds, and municipal bonds.

• Types of shares include common shares and preferred shares.

• Corporate actions include dividends, stock splits, mergers, acquisitions, and rights issues.
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Q1. About yourself tell
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Q2. Working experience
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Exacel test , reasoning test , accounting test

Q1. Accounting entries
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Q2. What you want to achive in your life
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Q1. 1. Latest Amendment- Budget related amendment for FY. 2. AS, IND AS applicability , IFC applicability. 3. CARO Related 4. TDS related
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Q1. There were many technical questions asked regarding the audit procedures and controls
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Q2. Apart from technical questions, questions about yourself and family background were asked
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Q1. No technical questions just general questions about yourself and family background
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Q1. Case study on Ind as 115. Timing of recognition as revenue of Amount provided for training employees for a specific assignment
Ans. 
Under Ind AS 115, revenue for training employees for a specific assignment should be recognized when the training services are provided.
• Revenue should be recognized over time as the training services are provided.

• The amount provided for training employees should be allocated to each period based on the progress of the training.

• The timing of revenue recognition should align with the timing of when the training services ...read more
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Q2. Ind as 116 case study
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Q3. Ind as 2 calculation of inventory cost as per fifo
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Ind AS 2 requires inventory cost to be calculated using the FIFO method.
• Under FIFO method, the oldest costs are assigned to inventory first.

• Cost of goods sold is calculated using the oldest costs first.

• Ending inventory is valued at the most recent costs.

• Example: If a company purchases inventory at $10, $12, and $15, under FIFO method, the inventory sold will be valued at $10 first.

• Example: If the company sells 100 unit...read more
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Q4. Ind as 102 journal entries
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Ind AS 102 journal entries are used to record share-based payments in financial statements.
• Ind AS 102 requires companies to recognize share-based payments as an expense in their financial statements.

• Journal entries for share-based payments typically involve debiting an expense account and crediting either equity or liability accounts.

• For example, if a company grants stock options to employees, the journal entry would i...read more
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Q1. Questions based off resume
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