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Wood Group Accountant Interview Questions and Answers

Updated 7 Feb 2021

Wood Group Accountant Interview Experiences

1 interview found

Accountant Interview Questions & Answers

user image Anonymous

posted on 7 Feb 2021

I applied via Naukri.com and was interviewed before Feb 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Related to my profile, fixed assets, cash management, general accounting

Interview Preparation Tips

Interview preparation tips for other job seekers - There will be 2 rounds. One by team lead and one by manager. They only want prior experience of the profile work here. Mainly Intercompany, general accounting, payments etc

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I appeared for an interview in Aug 2024.

Round 1 - One-on-one 

(10 Questions)

  • Q1. What are the due dates and forms required for GST returns?
  • Ans. 

    GST returns are filed monthly, quarterly, or annually depending on turnover. Forms like GSTR-1, GSTR-3B, GSTR-4, etc. are required.

    • GST returns are filed monthly, quarterly, or annually based on turnover

    • Due date for GSTR-1 is 10th of the following month, GSTR-3B is 20th of the following month, GSTR-4 is 18th of the month following the quarter

    • Forms required include GSTR-1 for outward supplies, GSTR-3B for summary return,

  • Answered by AI
  • Q2. What are the various types of GST returns, and can you explain them in detail?
  • Ans. 

    Various types of GST returns include GSTR-1, GSTR-3B, GSTR-4, GSTR-9, etc.

    • GSTR-1: Monthly return for outward supplies

    • GSTR-3B: Monthly summary return for taxable supplies

    • GSTR-4: Quarterly return for composition dealers

    • GSTR-9: Annual return for regular taxpayers

  • Answered by AI
  • Q3. What services are included under Reverse Charge Mechanism (RCM) in the Goods and Services Tax (GST)?
  • Ans. 

    Services included under Reverse Charge Mechanism (RCM) in GST are those where the recipient of the goods/services is liable to pay the tax instead of the supplier.

    • Legal services provided by an advocate or a firm of advocates

    • Services provided by an arbitral tribunal

    • Services provided by an insurance agent

    • Services provided by a recovery agent

    • Services provided by a director to a company

    • Transportation of goods by road servi...

  • Answered by AI
  • Q4. What are the different sections of TDS and can you provide a brief explanation of each?
  • Ans. 

    The different sections of TDS include salary, interest on securities, dividends, interest other than interest on securities, winnings from lotteries, etc., and income from house property.

    • Salary: TDS is deducted from the salary paid to employees.

    • Interest on securities: TDS is deducted on interest earned from securities like bonds, debentures, etc.

    • Dividends: TDS is deducted on dividends paid by companies to shareholders.

    • ...

  • Answered by AI
  • Q5. Could you provide a brief explanation of your previous work experience and describe the responsibilities you had at your last company?
  • Ans. 

    I have 5 years of experience as an accountant at a medium-sized company, where I managed financial records and prepared reports.

    • Managed financial records and transactions

    • Prepared financial reports and statements

    • Assisted with budgeting and forecasting

    • Performed audits and reconciliations

    • Collaborated with other departments on financial matters

  • Answered by AI
  • Q6. What is the impact of Input Tax Credit (ITC) in the Goods and Services Tax (GST) system?
  • Ans. 

    Input Tax Credit (ITC) in GST allows businesses to reduce their tax liability by claiming credit for taxes paid on inputs.

    • ITC helps in preventing cascading effect of taxes, where taxes are levied on taxes already paid.

    • It encourages compliance as businesses need to ensure proper documentation and reporting to claim ITC.

    • ITC reduces the overall cost of goods and services, making them more competitive in the market.

    • Example...

  • Answered by AI
  • Q7. How did you come to know about the company?
  • Ans. 

    I came to know about the company through a job posting on a popular job search website.

    • I found the job posting on Indeed.com

    • I also saw the company's profile on LinkedIn

    • A friend recommended the company to me

  • Answered by AI
  • Q8. What are the steps to create journal entries in Tally?
  • Ans. 

    Steps to create journal entries in Tally

    • Open Tally and select the company for which you want to create journal entries

    • Go to 'Accounting Vouchers' section

    • Select 'F7: Journal' to create a new journal entry

    • Enter the date, ledger accounts, and amounts for debit and credit sides

    • Save the journal entry by pressing 'Ctrl+A'

  • Answered by AI
  • Q9. Where do you see yourself in the near future?
  • Ans. 

    In the near future, I see myself advancing in my career as an Accountant, taking on more responsibilities and potentially moving into a managerial role.

    • Continuing to enhance my skills and knowledge in accounting practices

    • Seeking opportunities for professional development and growth within the company

    • Working towards obtaining additional certifications or qualifications in accounting

    • Building strong relationships with cli...

  • Answered by AI
  • Q10. Could you explain a specific GST notice you have dealt with and describe in detail how you managed to resolve it?
  • Ans. 

    Resolved a GST notice by identifying errors in input tax credit calculation and providing supporting documentation.

    • Identified errors in input tax credit calculation

    • Reviewed purchase invoices and reconciled with GST returns

    • Provided supporting documentation to prove correct input tax credit claims

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident when answering questions in a face-to-face interview. During the HR round, they may attempt to persuade you to accept a lower salary, so it is advisable to dress in formal attire and maintain a clean-shaven appearance. Additionally, our appearance, manner of speaking, and behavior during the interview significantly influence the overall impact.
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. Regarding Invoice Related to Taxation
  • Q2. Regarding Provision and Branch Entries

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through with Basics, Deep knowledge in Accounts
Interview experience
4
Good
Difficulty level
-
Process Duration
2-4 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed in Mar 2023. There were 3 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 - HR 

(1 Question)

  • Q1. Tell me about Yourself
Round 3 - One-on-one 

(1 Question)

  • Q1. General questions, Journal entries

I applied via Referral and was interviewed before May 2021. There were 3 interview rounds.

Round 1 - Aptitude Test 

I received a video call link and in that link will get the accounting basic questions for that we have to answer after a beep.

Round 2 - Technical 

(1 Question)

  • Q1. It was all basic accounting question.mostly related to 12th standard c v raman book Friendly interviewers
Round 3 - HR 

(1 Question)

  • Q1. 5 min telephonic call with recruiter

Interview Preparation Tips

Interview preparation tips for other job seekers - Get yourself prepared with basic accounting questions and be confident
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before May 2023. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. Many technical questions was asked regarding JJM Project
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. Is codes and qc knowledge quality regarding question
Round 2 - Technical 

(1 Question)

  • Q1. Is codes and technical works details

I applied via Company Website and was interviewed in Jun 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Why you left from your current company? What is your job profile? How to manage all things? To whom reported? How many employee in your current & previous company? What was the roll in previous company? Ho...
  • Q2. What is your current job location. What is the project cost? How much percentage hike my salary? What is the leave policy, HR Policies extra .

Interview Preparation Tips

Interview preparation tips for other job seekers - What is the achievements in previous companies.

I applied via Naukri.com and was interviewed before Jan 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Quality checking methods
  • Q2. Design reviews checking.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and answers only technically.
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(5 Questions)

  • Q1. What is COS and stages involved init
  • Ans. 

    COS stands for Cost of Sales, which refers to the direct costs associated with producing goods or services.

    • COS includes costs such as raw materials, labor, and manufacturing overhead.

    • Stages involved in COS include identifying direct costs, calculating total COS, and analyzing COS to determine profitability.

    • Example: If a company sells a product for $100 and the direct costs to produce that product are $60, the COS would...

  • Answered by AI
  • Q2. What do you mean by EOT
  • Ans. 

    EOT stands for End of Transmission. It is a signal used to indicate the end of a transmission of data.

    • EOT is commonly used in telecommunications and computer networking to signify the end of a message or data transmission.

    • It is represented by the ASCII control character with the code 04.

    • EOT is often used in conjunction with other control characters like SOH (Start of Header) and ETX (End of Text) in communication proto...

  • Answered by AI
  • Q3. What is a CLAIM
  • Ans. 

    A claim is a request made by an individual or entity for payment of benefits or services covered by an insurance policy.

    • A claim is typically submitted by a policyholder or healthcare provider to an insurance company.

    • It includes details such as the services provided, dates of service, and the amount billed.

    • The insurance company reviews the claim to determine if it meets the policy's coverage criteria.

    • Once approved, the ...

  • Answered by AI
  • Q4. What do you mean by RFI
  • Ans. 

    RFI stands for Request for Information, which is a formal process used to gather information from potential suppliers or vendors.

    • RFI is typically used in procurement processes to collect information about products, services, or suppliers before making a decision.

    • It helps organizations to understand the capabilities, pricing, and other details of potential suppliers.

    • RFIs are often used as a preliminary step before issui...

  • Answered by AI
  • Q5. How todo Estimates
  • Ans. 

    Estimates are calculated predictions of the cost, time, and resources required for a project.

    • Gather all relevant information and data related to the project

    • Break down the project into smaller tasks or components

    • Use historical data or industry benchmarks to estimate the time and cost for each task

    • Consider any potential risks or uncertainties that may impact the estimates

    • Document the estimates and communicate them clearl

  • Answered by AI

Skills evaluated in this interview

Wood Group Interview FAQs

How to prepare for Wood Group Accountant 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 Wood Group. The most common topics and skills that interviewers at Wood Group expect are Balance Sheet, Cash Flow, Cash Management, Consulting and Data Entry.

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Wood Group Accountant Salary
based on 223 salaries
₹5 L/yr - ₹9 L/yr
135% more than the average Accountant Salary in India
View more details

Wood Group Accountant Reviews and Ratings

based on 36 reviews

3.5/5

Rating in categories

3.2

Skill development

3.6

Work-life balance

3.9

Salary

3.0

Job security

3.1

Company culture

2.7

Promotions

3.2

Work satisfaction

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