UBS CA Industrial Trainee Interview Questions and Answers

AS refers to Accounting Standards issued by ICAI, while IND AS refers to Indian Accounting Standards converged with IFRS.

• AS are the accounting standards issued by the Institute of Chartered Accountants of India (ICAI) for financial reporting in India.

• IND AS are the Indian Accounting Standards converged with the International Financial Reporting Standards (IFRS).

• AS are mandatory for certain entities in India, while IND ...read more

My favorite Ind AS is Ind AS 115, Revenue from Contracts with Customers.

• Ind AS 115 provides a single, comprehensive revenue recognition model for all contracts with customers.

• It outlines the principles that an entity should apply to measure and recognize revenue.

• The standard also requires enhanced disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue ...read more

Component approach is a software development methodology where the system is divided into smaller components that can be developed and tested independently.

• Components are independent and reusable units of software

• Each component has well-defined interfaces for communication with other components

• Components can be developed, tested, and maintained separately

• Example: React.js uses a component-based architecture for buildin