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Withum Smith+Brown
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I applied via Referral and was interviewed in May 2024. There was 1 interview round.
P2P process in accounts refers to the procure-to-pay process, which involves purchasing goods or services and paying for them.
P2P process starts with the requisition of goods or services needed by a company.
Once approved, a purchase order is created and sent to the supplier.
Goods or services are received and an invoice is generated by the supplier.
The invoice is matched with the purchase order and goods receipt, and th...
Entries for Sales and Receivables involve recording sales transactions and tracking amounts owed by customers.
Record sales revenue when goods or services are delivered to customers
Track accounts receivable to monitor amounts owed by customers
Reconcile sales and receivables to ensure accuracy of financial records
Payroll entries include recording salaries, wages, taxes, and benefits for employees.
Recording gross wages for employees
Deducting taxes such as income tax and social security
Adding employer contributions to benefits like healthcare or retirement plans
Accruing vacation or sick leave balances
Adjusting for any bonuses or commissions earned
The entry for purchase from Vendor before receipt of bill is a debit to Inventory and a credit to Accounts Payable.
Debit Inventory account for the cost of the purchase
Credit Accounts Payable to show the amount owed to the vendor
Once the bill is received, adjust the entry accordingly
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I applied via Referral and was interviewed in Apr 2024. There were 2 interview rounds.
I am a dedicated and experienced consultant with a strong background in project management and problem-solving skills.
Briefly mention your professional background and experience
Highlight key skills and strengths relevant to consulting
Mention any specific achievements or projects that showcase your abilities
Discuss your passion for helping clients achieve their goals
I applied via Walk-in and was interviewed before Aug 2023. There were 2 interview rounds.
Question solving questions
I applied via Referral and was interviewed before Oct 2022. There were 3 interview rounds.
IndAS 116 is an accounting standard that governs the treatment of leases in financial statements.
IndAS 116 replaces the previous standard, IndAS 17, and requires lessees to recognize most leases on their balance sheets.
It distinguishes between finance leases and operating leases, with different accounting treatments for each.
Under IndAS 116, lessees must recognize a right-of-use asset and a lease liability for all leas...
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed in Nov 2021. There was 1 interview round.
Auditing revenue involves examining financial records, verifying transactions, and ensuring compliance with accounting standards.
Reviewing sales invoices, receipts, and contracts to ensure accuracy and completeness
Comparing recorded revenue with supporting documentation to identify discrepancies
Testing the effectiveness of internal controls and procedures for revenue recognition
Analyzing revenue trends and patterns to ...
I applied via Job Portal and was interviewed before Sep 2022. There were 3 interview rounds.
Completeness of assets can be tested by reconciling physical assets with recorded assets, conducting inventory counts, and reviewing documentation.
Reconcile physical assets with recorded assets to ensure all assets are accounted for
Conduct regular inventory counts to verify the presence of all assets
Review documentation such as purchase orders, invoices, and receipts to confirm the acquisition of assets
Perform random s
I applied via Referral and was interviewed in Apr 2024. There were 2 interview rounds.
I am a dedicated and experienced consultant with a strong background in project management and problem-solving skills.
Briefly mention your professional background and experience
Highlight key skills and strengths relevant to consulting
Mention any specific achievements or projects that showcase your abilities
Discuss your passion for helping clients achieve their goals
I applied via Walk-in and was interviewed before Aug 2023. There were 2 interview rounds.
Question solving questions
I applied via Referral and was interviewed before Oct 2022. There were 3 interview rounds.
IndAS 116 is an accounting standard that governs the treatment of leases in financial statements.
IndAS 116 replaces the previous standard, IndAS 17, and requires lessees to recognize most leases on their balance sheets.
It distinguishes between finance leases and operating leases, with different accounting treatments for each.
Under IndAS 116, lessees must recognize a right-of-use asset and a lease liability for all leas...
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed in Nov 2021. There was 1 interview round.
Auditing revenue involves examining financial records, verifying transactions, and ensuring compliance with accounting standards.
Reviewing sales invoices, receipts, and contracts to ensure accuracy and completeness
Comparing recorded revenue with supporting documentation to identify discrepancies
Testing the effectiveness of internal controls and procedures for revenue recognition
Analyzing revenue trends and patterns to ...
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Staff Accountant 2
8
salaries
| ₹8.6 L/yr - ₹10 L/yr |
Manager
8
salaries
| ₹19.2 L/yr - ₹38.9 L/yr |
Senior Consultant
8
salaries
| ₹12 L/yr - ₹20 L/yr |
Senior Accountant
7
salaries
| ₹10.8 L/yr - ₹15 L/yr |
Assistant Manager
6
salaries
| ₹12 L/yr - ₹23 L/yr |
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