XYXX Apparels Executive Accountant Interview Questions and Answers

Q1. Ind as 115 steps for revenue recog
Ans. 
Ind AS 115 provides a five-step model for revenue recognition.
• Identify the contract with the customer

• Identify the performance obligations in the contract

• Determine the transaction price

• Allocate the transaction price to the performance obligations

• Recognize revenue as the performance obligations are satisfied
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Q1. Fair view meaning in audit
Ans. 
Fair view in audit refers to the unbiased and accurate representation of financial statements.
• Fair view means that the financial statements present a true and fair representation of the company's financial position, performance, and cash flows.

• It requires the auditor to exercise professional judgment and skepticism in assessing the reasonableness of management's accounting estimates and judgments.

• The auditor should ens...read more
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Q1. What is goal in your life
Ans. 
My goal in life is to continuously learn and grow, both personally and professionally.
• To constantly seek new knowledge and skills

• To challenge myself and step out of my comfort zone

• To make a positive impact on others

• To achieve financial stability and security

• To maintain a healthy work-life balance
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Q2. How much score in 10th
Ans. 
The question is not relevant to my qualifications and experience as an Executive Accountant.
• My academic qualifications and scores in 10th grade are not relevant to my job as an Executive Accountant.

• My professional experience and skills are more important for this role.

• However, I can provide my academic records if required by the employer.

• My focus is on delivering high-quality financial services and meeting the company'
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