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Understanding journal entries for deferred and unbilled revenue, along with inventory recording.
Deferred Revenue: Recognized when cash is received before services are performed. Journal Entry: Debit Cash, Credit Deferred Revenue.
Example: A company receives $1,000 for a service to be provided next month. Entry: Debit Cash $1,000, Credit Deferred Revenue $1,000.
Unbilled Revenue: Recognized when services are performed but...
Deferred tax assets reduce future tax liabilities, while deferred tax liabilities increase them, reflecting timing differences in accounting.
Deferred tax assets arise when taxable income is greater than accounting income, e.g., carryforward of tax losses.
Deferred tax liabilities occur when accounting income is greater than taxable income, e.g., accelerated depreciation.
Deferred tax assets can be utilized to offset futu...
Aptitude has Easy questions
2 coding questions on arrays and string
Easy aptitude questions
DSA coding questions
Technical interview medium level questions
I applied via Referral and was interviewed in Oct 2022. There were 5 interview rounds.
General aptitude questions, attention to detail, graphs, accounting questions
Wipfli interview questions for popular designations
Everything
Logical reasoning, attention to details, problem solving
I applied via Naukri.com and was interviewed before Jul 2022. There were 5 interview rounds.
I applied via Walk-in and was interviewed before Mar 2020. There were 4 interview rounds.
I applied via Naukri.com and was interviewed before Dec 2020. There were 5 interview rounds.
GST has replaced multiple indirect taxes with a single tax. Recent changes include simplified return filing and reduced rates for certain items.
GST has replaced multiple indirect taxes like VAT, excise duty, service tax, etc.
It has simplified the tax structure and reduced the cascading effect of taxes.
Recent changes include the introduction of simplified return filing through GST Sahaj and GST Sugam.
GST rates have been...
I applied via Recruitment Consultant and was interviewed before Jan 2021. There was 1 interview round.
I applied via Recruitment Consultant and was interviewed in Nov 2019. There were 3 interview rounds.
I am quite handy with tools and have experience using various types of equipment.
I have experience using power tools such as drills, saws, and sanders
I am skilled in using hand tools such as hammers, screwdrivers, and wrenches
I have experience with measuring and cutting materials accurately
I am able to troubleshoot and fix common household problems such as leaky faucets or broken appliances
I would rate myself 4 out of 5 in that particular tool.
I have extensive experience using the tool in various projects.
I have received positive feedback from colleagues and clients on my proficiency in the tool.
I am confident in my ability to troubleshoot and solve problems using the tool.
However, there may be some advanced features of the tool that I am not yet familiar with.
Overall, I believe I am highly skilled in us
Some of the top questions asked at the Wipfli interview -
based on 4 interviews
Interview experience
Analyst
47
salaries
| ₹4 L/yr - ₹11 L/yr |
Assistant Manager
31
salaries
| ₹11.4 L/yr - ₹27.8 L/yr |
Audit Analyst
29
salaries
| ₹3.8 L/yr - ₹13.5 L/yr |
Tax Analyst
22
salaries
| ₹4.1 L/yr - ₹8.2 L/yr |
Senior Associate
18
salaries
| ₹9.2 L/yr - ₹19 L/yr |
Deloitte
PwC
KPMG India
Ernst & Young