The Indian Garage Co Assistant Manager Finance Interview Questions and Answers

Q1. Variable cost.............
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Q2. Overhead..........
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Excel test..............

Q1. Why to join .............
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I am excited about the opportunity to contribute my financial expertise and leadership skills to a dynamic and growing organization like yours.
• I am impressed by the company's reputation and success in the industry.

• I believe my experience and qualifications align well with the requirements of the Assistant Manager Finance role.

• I am eager to work with a talented team and contribute to the company's financial growth and s...read more
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Q2. Variable cost vs fixed cost ........
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Variable costs change with production levels while fixed costs remain constant.
• Variable costs fluctuate based on production volume (e.g. raw materials, labor)

• Fixed costs remain the same regardless of production levels (e.g. rent, salaries)

• Variable costs are directly related to the level of output, while fixed costs are independent of output

• Understanding the distinction between variable and fixed costs is crucial for bu
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Q1. Current CTC.........
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Q2. How would you rate yourself in excel...............
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I would rate myself as highly proficient in Excel.
• I have extensive experience using advanced functions and formulas in Excel.

• I am skilled in creating complex financial models and analyzing large datasets.

• I have successfully automated various reporting processes using VBA macros.

• I am proficient in data visualization techniques using pivot tables and charts.

• I have completed advanced Excel courses and certifications to en
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Q1. Revenue Standard ASC 606 Discussion
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Q2. Case basis discussion on step 4 of ASC606
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Q1. What you know about ind as
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Ind AS stands for Indian Accounting Standards which are converged with International Financial Reporting Standards (IFRS).
• Ind AS are a set of accounting standards notified by the Ministry of Corporate Affairs (MCA) in India.

• They are based on IFRS and are mandatory for certain companies to follow.

• Ind AS aim to bring transparency, comparability, and consistency in financial reporting.

• They cover various aspects of account...read more
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Q2. TDS compliances and 194c
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According

Q1. Deferred tax liability , practical use, how do we calculate
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Deferred tax liability is a balance sheet item representing taxes that will be paid in the future due to temporary differences in accounting and tax rules.
• Deferred tax liability arises when a company's taxable income is greater than its accounting income, resulting in taxes being paid in the future.

• It is calculated by multiplying the temporary difference between taxable income and accounting income by the tax rate.

• Exam...read more
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Q2. Swap in simple terms, dividend growth model
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A swap is a financial agreement between two parties to exchange cash flows or other financial instruments.
• A swap involves two parties exchanging cash flows or other financial instruments based on a predetermined set of terms.

• Common types of swaps include interest rate swaps, currency swaps, and commodity swaps.

• The dividend growth model is a method used to value a company's stock based on the expected future dividends i...read more
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Q1. Account payable?
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Q2. Difference between Profit & Revenue
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Q1. Self introduction
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Q1. About last Experienced
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Q2. Accounting Knowledge
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