Hello everyone!! Welcome back to the TAX DESTINATION blog.Thanks for your continuous support & tremendous response to our blogs. Check out the Previous series if you haven’t read the same where we have given questions that can be asked in HR Round & Technical Round for Audit Role
CA Job Profile according to CA Final subjects into different profiles:
FR: Controllership, IND AS, Finance and Accounts
SFM: Valuation, Private Equity, IB Analyst etc.
Audit: Statutory, Internal Audit
Law: Companies Act and Other Act Compliances
SCMPE: Cost Optimisation, Budgeting, Forecasting, FP&A
Elective: Correlate with your expertise
DT: Direct tax and IT, Consultancy
IDT: GST, Custom, litigation.
In this series, we would like to give questions that can be asked in Accounts & Finance Role
Questions that can be asked in Accounts Profile
Basic Questions:
01.What is the use and purpose of Excel Pivot Table, VLOOKUP, HLOOKUP?
02. Definition, Difference and Journal entry of: – (Mandatory Ques-any one)
i. Provision & Contingent Liability
ii. Accrued Payable & Accrued Expenses
iii. Prepaid Expenses
iv. Dividend
v. Bad Debts and Provision for doubtful debts
vi. Return on Capital and Return of Capital
vii. Contingencies and Reserves
viii. Deferred tax asset and liabilities
ix. Depreciation and Impairment
x. Accumulated Depreciation
03. Accounting Concepts such as Going Concern concept and Prudence Concept
04.What are the Golden Rules of Accounting? What are different types of Accounts (Real, Nominal and Personal)?
05. What is schedule III?
06. What is CFS? Components of CFS? What is the treatment of depreciation in CFS?
07. IND AS -115,116,16 or respective AS (if you haven’t study INDAS-Study respective AS) -Mandatory ques on one of them (Just go through concepts, understand difference between AS and INDAS- In-depth study not required)
08. What are the steps of accounting cycle?
09.Explain the following terms in brief?
- Depreciation concept
and Entries - Provision for Bad Debts
- Deferred Revenue
concept and accounting entries - Three way matching concept
- Bank Reconciliation concept
- What is accumulated depreciation,Whether it is an asset or liability?
How to present in the balance sheet? -
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- Salary
entry When TDS, PF, ESI are given.
So Friends here is the list of questions that can be asked in Technical round for accounts profile, We assure this series also will help you.Soon we will release the answers for the same.
Thanks & Regards
CA Nani Balu
Founder – TD
