Tata Steel Group Finance Manager Interview Questions and Answers

IND AS 109 is a financial reporting standard that deals with the accounting for financial instruments.

• IND AS 109 is based on the International Financial Reporting Standards (IFRS) 9.

• It covers the classification, measurement, and recognition of financial assets and liabilities.

• It requires entities to measure financial instruments at fair value, with changes in fair value recognized in profit or loss.

• It also introduces n...read more

To close month end, review financial transactions, reconcile accounts, prepare financial statements, and analyze variances.

• Review all financial transactions for accuracy and completeness

• Reconcile accounts to ensure all transactions are accounted for

• Prepare financial statements such as income statement, balance sheet, and cash flow statement

• Analyze variances between actual and budgeted amounts to identify any discrepanc...read more

Balance sheet structure includes assets, liabilities, and equity. InAS affects presentation and disclosure of financial information.

• Balance sheet includes assets, liabilities, and equity

• InAS affects presentation and disclosure of financial information

• InAS requires separate presentation of current and non-current assets and liabilities

• InAS requires disclosure of significant accounting policies and estimates

• InAS requires