Withum Interview Questions and Answers for Freshers

Q1. Describe each step of P2P Process with risk at each step.
Ans. 
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods,...read more
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Q2. What is ghost employee and how can we identify ghost employee?
Ans. 
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
• Ghost employees may have fake identities and bank accounts.

• They may receive paychecks without actually working for the company.

• To identify ghost employees, cross-check employee records with HR and payroll data.

• Look for discrepancies in employee attendance, performance, and salary payments.

• Conduct regular audits and reviews of
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Q3. What checks can you perform from PO dump?
Ans. 
Perform various checks on purchase order data dump
• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures
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Q1. Are you ok with travelling and late sitting?
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Q2. We need you to join from next Monday.
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Aptitude test duration 1 and half an hour

Q1. Why do you choose your career in accounting
Ans. 
I chose a career in accounting because of my strong analytical skills and passion for numbers.
• I have always been good with numbers and enjoy working with financial data

• I am detail-oriented and organized, which are important skills in accounting

• I believe accounting offers a stable and rewarding career path with opportunities for growth and advancement
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Q2. Why should we hire you
Ans. 
I am a dedicated and hardworking individual with a strong desire to learn and grow in this field.
• I have a strong work ethic and am willing to put in the effort to succeed

• I am eager to learn new skills and take on new challenges

• I am a team player and work well with others, contributing positively to the team dynamic
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Q1. What is brs and reasons
Ans. 
BRS stands for Bank Reconciliation Statement, which is a statement prepared to reconcile the balance as per the bank statement with the balance as per the company's books.
• BRS helps in identifying discrepancies between the bank statement and the company's records.

• It ensures that all transactions are accurately recorded and accounted for.

• Common reasons for differences in BRS include outstanding checks, deposits in transi...read more
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Q2. What is accruals
Ans. 
Accruals are expenses incurred but not yet paid or revenues earned but not yet received.
• Accruals are used to match expenses and revenues to the period in which they are incurred or earned.

• They are recorded as adjusting entries in the financial statements.

• Examples include accrued salaries, accrued interest, and accrued taxes.

• Accruals help provide a more accurate representation of a company's financial position.

• Accrual a
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Q3. Journal entries
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Q4. What do you know about bdo
Ans. 
BDO is a global accounting and advisory firm providing services in audit, tax, and consulting.
• BDO is one of the largest accounting firms in the world.

• They offer services in audit, tax, and advisory.

• BDO has offices in over 160 countries.

• The firm serves clients in various industries such as healthcare, technology, and financial services.
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Q5. Vlookup in excel
Ans. 
VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• VLOOKUP stands for 'Vertical Lookup'

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the range B2:D10 and returns the value in the 3rd column

• The last parameter [range_lookup] can be TRUE (approxim
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Q6. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, Credit the giver 2. Debit what comes in, Credit what goes out 3. Debit expenses and losses, Credit income and gains

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity

• For example, when a company receives cas...read more
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Q1. What is your salary Expectations?
Ans. 
I am looking for a competitive salary that reflects my skills and experience.
• Research industry standards for apprentice trainee salaries

• Consider cost of living in the area

• Factor in any additional benefits or perks offered by the company
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Q2. Would you know which role you are applying for in this company?
Ans. 
Yes, I am applying for the role of Apprenticeship Trainee in this company.
• I am aware that I am applying for the role of Apprenticeship Trainee.

• I have researched the responsibilities and requirements of the role.

• I am confident in my ability to excel in this position.
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Q1. What do you do in accounts
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Q2. General knowledge
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Q1. What is your last working company
Ans. 
I worked at XYZ Company as a Senior Accountant for 3 years.
• Worked at XYZ Company

• Position: Senior Accountant

• Duration: 3 years
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About all basics of accounts

Q1. Some general information
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Q1. Past experience details
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Basics of accounting and finance

Q1. Self introduction and basics of accounting and regarding resume.
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Q2. What motivates you? How do rate yourself in excel? How do you want to contribute to the company? Why tax? Why finance? Why Ryan?
Ans. 
I am motivated by the opportunity to learn and grow, excel in using Excel, and contribute to the company's success.
• I am motivated by the opportunity to learn and grow both personally and professionally.

• I have a strong proficiency in using Excel and can efficiently handle complex spreadsheets.

• I am dedicated to contributing to the company's success by utilizing my skills and knowledge in tax and finance.

• I am passionate a...read more
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Q1. This is the first in person interview round where they ll ask each and everything about the resume . And they ll also ask technical questions related to finance domain as well as taxation. Communication an...read more
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Q1. This round ll be held by the manager or operational director of the company related to the different processes your applying for. This round is will go on for 30-40 mins and little bit tough though.commu...read more
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Q1. This is the final round of interview where the HR recruiter ll ask situational based question and tricky questions as well. And moreover every round is elimination round , people who are looking to begin t...read more
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Duration was 1 hours and questions asked from the python only

Q1. About Millets and development sector
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Q2. Which subject you are interested in,?
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