Manager/Senior Manager
Manager/Senior Manager Interview Questions and Answers
Q1. 1. What is the difference between grant and subsidy? 2. Which AS/Ind AS covers the income recognition of a trust? 3. What would be accounting treatment of grant/donation as per applicable AS 4. How you would to...
read moreInterview questions for Manager/Senior Manager position in NGO
Grant is a sum of money given by the government or an organization for a specific purpose, while subsidy is a financial assistance given by the government to support a particular industry or business.
AS 12 covers the income recognition of a trust.
Grants/donations are recognized as income in the profit and loss account as per AS 12. If the grant is for a specific purpose, it is recognized as deferred income and rele...read more
Q2. How do you keep track of the information security and external risks to your organisation
We keep track of information security and external risks through regular risk assessments, monitoring of industry trends, and collaboration with external partners.
Conduct regular risk assessments to identify potential threats and vulnerabilities
Monitor industry trends and news to stay informed of emerging risks
Collaborate with external partners, such as vendors and industry associations, to share information and best practices
Maintain up-to-date policies and procedures to add...read more
Q3. Strategic risks in Insurance companies
Strategic risks in insurance companies refer to potential threats to the company's long-term goals and objectives.
Changes in regulations and laws
Emerging technologies
Economic downturns
Natural disasters
Cybersecurity threats
Competition from new entrants
Changes in customer behavior
Investment risks
Political instability
Reputational risks
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