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The Institute Of Chartered Accountants Interview Questions, Process, and Tips

Updated 5 Aug 2024

Top The Institute Of Chartered Accountants Interview Questions and Answers

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14 interviews found

Accounts & Audit Assistant Interview Questions & Answers

user image Damayanti Banerjee

posted on 25 Feb 2024

Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in

Round 1 - Assignment 

Assignment Details are as Follows

-Sales Audit Tally with Documents Automation (Dropbox Official) & On-site by CA Suyash Sir for Past Credit Note Balancing on Investments

Round 2 - One-on-one 

(6 Questions)

  • Q1. Tell me about yourself
  • Q2. What is Concurrent Sales Audit?
  • Ans. 

    Concurrent Sales Audit is a process of auditing sales transactions in real-time to ensure accuracy and prevent fraud.

    • Concurrent Sales Audit involves monitoring sales transactions as they occur to detect any discrepancies or irregularities.

    • It helps in identifying potential errors, fraud, or theft in sales transactions before they escalate.

    • This process can involve using software systems to track sales data in real-time a...

  • Answered by AI
  • Q3. What is a Cost Sheet?
  • Ans. 

    A cost sheet is a document that shows the detailed breakdown of all costs incurred in the production of a product or service.

    • Includes direct costs (e.g. raw materials, labor) and indirect costs (e.g. overhead)

    • Helps in determining the total cost per unit of production

    • Used for cost control and decision-making

    • Example: A manufacturing company preparing a cost sheet to analyze the cost of producing a new product

  • Answered by AI
  • Q4. Three Golden Rules of Accounting?
  • Ans. 

    The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

    • Debit the receiver, Credit the giver: When an asset or expense increases, it is debited. When a liability, equity, or revenue increases, it is credited.

    • Debit what comes in, Credit what goes out: Debit the account that receives something and credit ...

  • Answered by AI
  • Q5. What do you Know about GST, Tally & Levy Accounting Standards?
  • Ans. 

    GST is Goods and Services Tax, Tally is an accounting software, and Levy Accounting Standards refer to specific regulations for accounting practices.

    • GST is a value-added tax levied on most goods and services sold for domestic consumption.

    • Tally is a popular accounting software used for recording financial transactions and generating reports.

    • Levy Accounting Standards are specific guidelines and regulations that companies...

  • Answered by AI
  • Q6. What would you like to ask about your further hiring process in the Concurrent Sales Audit Experience?

Interview Preparation Tips

Interview preparation tips for other job seekers - More than Perfect in Training, Teaching, Explaining, Experience

Skills evaluated in this interview

Accounts & Audit Assistant Interview Questions asked at other Companies

Q1. What do you Know about GST, Tally & Levy Accounting Standards?
View answer (1)
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Job Portal and was interviewed in Jul 2024. There were 2 interview rounds.

Round 1 - Case Study 

The case was related to insolvency process of a company.

Round 2 - Face interview 

(2 Questions)

  • Q1. What are your qualifications and experience
  • Ans. 

    I have a Bachelor's degree in Law and 5 years of experience working as a Legal Executive in a reputable law firm.

    • Bachelor's degree in Law

    • 5 years of experience as a Legal Executive

    • Experience working in a reputable law firm

  • Answered by AI
  • Q2. Have you practices in IBC
  • Ans. 

    Yes, I have practiced in IBC (Insolvency and Bankruptcy Code)

    • I have experience handling insolvency cases under the Insolvency and Bankruptcy Code

    • I have represented clients in insolvency proceedings before the National Company Law Tribunal (NCLT)

    • I am familiar with the legal framework and procedures of IBC

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Go well prepared and with articulated thoughts.

Legal Executive Interview Questions asked at other Companies

Q1. Do you know anything about Recovery, Negotiation, Arbitration
View answer (1)
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Telk me about indas 115
  • Ans. 

    Ind AS 115 is a revenue recognition standard that establishes principles for recognizing revenue from contracts with customers.

    • Ind AS 115 replaces the existing revenue recognition guidance in Ind AS 18 and Ind AS 11.

    • It introduces a five-step model for revenue recognition: identify the contract, identify the performance obligations, determine the transaction price, allocate the transaction price to the performance oblig...

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. What is net suit
  • Ans. 

    NetSuite is a cloud-based business management software suite that includes accounting, enterprise resource planning (ERP), and customer relationship management (CRM) functionalities.

    • NetSuite is a cloud-based software suite used for business management.

    • It includes accounting, ERP, and CRM functionalities.

    • NetSuite helps businesses streamline their operations and improve efficiency.

    • It offers real-time visibility into key ...

  • Answered by AI

Professional 1 Interview Questions asked at other Companies

Q1. Are you aware of Servers, Database and Data center?
View answer (1)

Accountant Interview Questions & Answers

user image Anonymous

posted on 27 Mar 2023

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Feb 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. About yourself and hobby
  • Q2. Accountant related question

Interview Preparation Tips

Interview preparation tips for other job seekers - Have a good knowledge and hardworking and Smartwork passion

Accountant Interview Questions asked at other Companies

Q1. What journal is made when purchase requisition is created
View answer (24)

The Institute Of Chartered Accountants interview questions for popular designations

 Accountant

 (1)

 Accounts & Audit Assistant

 (1)

 CA Articleship

 (1)

 Chartered Accountant

 (1)

 Executive Accountant

 (1)

 Helpdesk Coordinator

 (1)

 Legal Executive

 (1)

 Maintenance Supervisor

 (1)

Legal experts Interview Questions & Answers

user image Anonymous

posted on 12 Oct 2023

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Oct 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

Amazingly done, the one who was taking was very gentle and humble while asking any question

Round 3 - Previous experiences 

(2 Questions)

  • Q1. Why did I chose my profession
  • Q2. Experiences of previous job

Get interview-ready with Top The Institute Of Chartered Accountants Interview Questions

I applied via Naukri.com and was interviewed in Feb 2022. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. What about your company.
  • Q2. What about your self
Round 2 - Technical 

(2 Questions)

  • Q1. Fire fighting system, HVAC system
  • Q2. HVAC system, type of vrv
  • Ans. 

    The type of VRV system used in the HVAC system is [insert type here].

    • The VRV system used in the HVAC system is [insert type here].

    • The type of VRV system used in the HVAC system is important to know for maintenance purposes.

    • Examples of VRV systems include Daikin, Mitsubishi, and LG.

    • It is important to have knowledge of the specific VRV system in order to troubleshoot and repair any issues that may arise.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Admin department , Fire extinguisher system, CCTV camera access control etc

Maintenance Supervisor Interview Questions asked at other Companies

Q1. What qualities do you look for in the perfect piece of jewellery
View answer (2)

Jobs at The Institute Of Chartered Accountants

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I applied via Recruitment Consulltant and was interviewed in May 2022. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. Purchase,sale,bank statement, journal entries, share working,gst
Round 2 - Assignment 

Interview Preparation Tips

Interview preparation tips for other job seekers - Experience of accountant, purchase, sale, journal entries, share working, bank statement,contra voucher,taaly, Excel

Chartered Accountant Interview Questions asked at other Companies

Q1. What is meat by trading and profit and and loss account
View answer (4)

I applied via Campus Placement and was interviewed in Aug 2021. There were 3 interview rounds.

Interview Questionnaire 

5 Questions

  • Q1. Procces to issue a shares in pvt ltd company?
  • Ans. 

    The process to issue shares in a private limited company involves several steps.

    • Determine the number of shares to be issued

    • Prepare the necessary documents, including the prospectus or offer letter

    • Obtain approval from the board of directors and shareholders

    • File the necessary forms and documents with the regulatory authorities

    • Issue the shares to the subscribers and collect the subscription money

    • Update the company's share...

  • Answered by AI
  • Q2. What is HSN code if Annual turnover is more then 1.5 cr??
  • Ans. 

    The HSN code for an annual turnover of more than 1.5 cr is required for tax purposes.

    • HSN code stands for Harmonized System of Nomenclature code.

    • It is a code used to classify goods and services for taxation purposes.

    • The specific HSN code for an annual turnover of more than 1.5 cr may vary depending on the nature of the business.

    • It is important to consult the relevant tax authorities or seek professional advice to determ

  • Answered by AI
  • Q3. What is the Maximum number of partner in business?
  • Ans. 

    The maximum number of partners in a business depends on the type of business entity.

    • For a sole proprietorship, there can only be one owner.

    • For a partnership, the maximum number of partners varies by state and can range from 2 to 100.

    • For a limited liability company (LLC), there is no limit on the number of members.

    • For a corporation, there is no limit on the number of shareholders.

    • The maximum number of partners can also ...

  • Answered by AI
  • Q4. For reapet last action what is the shortcut key in excel?
  • Ans. 

    The shortcut key for repeat last action in Excel is Ctrl + Y.

    • The shortcut key for repeat last action in Excel is Ctrl + Y.

    • This shortcut allows you to quickly repeat the last action you performed in Excel.

    • For example, if you just formatted a cell and want to apply the same formatting to another cell, you can use Ctrl + Y to repeat the formatting action.

    • This shortcut can save time and improve efficiency when working with

  • Answered by AI
  • Q5. What is the salary must of graduate in any stream according to central government?

Interview Preparation Tips

Interview preparation tips for other job seekers - Simple questions take a time and give ur best.

Skills evaluated in this interview

Executive Accountant Interview Questions asked at other Companies

Q1. What is P2P cycle , 3 way match , and what will you do if Approvals are missing in case of Non PO Invoices.
View answer (4)

I applied via Campus Placement and was interviewed in Aug 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Articlesship experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Mostly ask articleship experience

Project Associate Interview Questions asked at other Companies

Q1. What is an API? Why APIs are so popular these days? What is API Management? Why we need an API Management tool such as Apigee Edge? What is REST? What is the difference between SOAP & REST API ? What is API Proxy? What are the different... read more
View answer (1)

I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before Sep 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. How you will handle the pressure?
  • Q2. How you can help us in achieving company goal?

Interview Preparation Tips

Interview preparation tips for other job seekers - Work hard and try to add skills as CA profession is changing so add new skills

Management Trainee Interview Questions asked at other Companies

Q1. What do you mean by balance sheet reconciliation could you explain briefly?
View answer (44)

The Institute Of Chartered Accountants Interview FAQs

How many rounds are there in The Institute Of Chartered Accountants interview?
The Institute Of Chartered Accountants interview process usually has 2-3 rounds. The most common rounds in the The Institute Of Chartered Accountants interview process are One-on-one Round, Resume Shortlist and Technical.
How to prepare for The Institute Of Chartered Accountants interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at The Institute Of Chartered Accountants. The most common topics and skills that interviewers at The Institute Of Chartered Accountants expect are Communication Skills, Research, Accounting, Excel and Interpersonal Skills.
What are the top questions asked in The Institute Of Chartered Accountants interview?

Some of the top questions asked at the The Institute Of Chartered Accountants interview -

  1. What is HSN code if Annual turnover is more then 1.5 cr...read more
  2. For reapet last action what is the shortcut key in exc...read more
  3. Procces to issue a shares in pvt ltd compa...read more

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The Institute Of Chartered Accountants Interview Process

based on 6 interviews

Interview experience

3.5
  
Good
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The Institute Of Chartered Accountants Reviews and Ratings

based on 194 reviews

3.7/5

Rating in categories

3.2

Skill development

3.6

Work-life balance

3.2

Salary

3.1

Job security

3.2

Company culture

2.8

Promotions

3.2

Work satisfaction

Explore 194 Reviews and Ratings
Executive Assistant

Hyderabad / Secunderabad

2-7 Yrs

Not Disclosed

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New Delhi

3-6 Yrs

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New Delhi

2-7 Yrs

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