CA Industrial Trainee Interview Questions and Answers

Omnibus approval is a process where a group of related transactions or actions are approved together as a single package.

• Omnibus approval is commonly used in financial transactions, such as mutual funds, where multiple transactions are grouped together for approval.

• It saves time and effort by allowing multiple transactions to be approved at once instead of individually.

• It also helps to ensure consistency and accuracy in the approval process.

• For example, if a mutual fund wants...read more

P2P, R2R, and finance operations processes are key components of a company's financial management.

• P2P (Procure-to-Pay) involves the entire process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.

• R2R (Record-to-Report) encompasses all the activities from recording financial transactions to preparing financial statements.

• Finance operations process includes tasks such as budgeting, forecasting, financial analysis, and compliance with r...read more

I completed my CA Articleship experience in a reputed firm.

• Worked on various audit assignments

• Assisted in preparation of financial statements

• Gained knowledge in taxation and compliance

• Developed communication and teamwork skills

• Received appreciation for dedication and hard work