>> Sample
Accounting Related Inetrview Questions
Questions :
Specific Accounting related interview questions
can start like this:
Walk me through a typical cash flow statement, balance sheet,
or income statement.
Chartered Accountants can provide management consultancy services
as a corporate entity from now onwards-explain?
What is EBITDA?
What is a tax leviable on the taxable securities transaction
covered under the provision ofchapter VII of the Finance No.(2)Act
2004 called?- SECUTRITY TRANSACTION TAX(STT)
What do you kow about the use of Digital Signature Certificates
(DSC)?
What is working capital?
What is the due diligence process ?-It is the process to find
the suitability and worth of the target business in terms of
technical, marketing, financial, legal and other parameters.
Under what Head have ESOPs been bought into? (Ref Union Budget
2007-08)-FBT
What do you now about the MRA-(Mutual Recognition Agreement)
between the CA -accounting regulator here and the counterpart
in other countries.
What are your views on regulatory relevance of cost auditing
and cost record keeping?
What are deferred taxes?
What is the tax levied on certain commodities produced and consumed
in the country and on licenses of certain trades?-
EXCISE DUTY
What is a Bank Account from which withdrawals are allowed without
any restriction on frequency or amount so long as
there is a credit limit?-CURRENTACCOUNT
What is discounting and how it is different from compounding?-The
discounting is followed to find the present values of different
future cash flows. Compounding is followed to work out future
value of different future cash flows.
What is Debenture? A stock which is built up of some commodity
to meet requirements in emergencies, i.e.when scarcity occurs.
What is the gap between the value of visible and tangible exports
and visible imports are called?-TRADE GAP
What is the profit called when an asset is sold for more than
the price at which it was bought?- CAPITAL GAIN
What is Capital Budgeting? The planning process used to determine
a firm's long term investments such as new machinery, replacement
machinery, new plants, new products, and research &.development
projects.
What is Service Ta?x- It is a tax on services rendered- e.g
on telephone, electricity , insurance etc. all attracts service
tax.
What is Banking Cash Transaction Tax-( BCTT) ?-Applicable on
withdrawl ofcash from bank exceeding a particular amount.
What is Fringe Benifit Tax( FBT)?-The perquisites or benifits
provided by the epmloyer to his emplyees in addition to the salary
or wage are taxable.This is known as FBT .Employers now pay this
tax.
What is Securities Transaction Tax- (STT)?- It is a sort of
turnover tax where the investor has to pay a small tax on the
total consideration paid /received in a share transaction.
Explain SOX or Sarbanes-Oxley Act and its relevance in India.
What is the profit called when an asset is sold for more than
the price at which it was bought?-CAPITAL GAIN
What are financial instruments whose price and value derive
from the value of assets underlying them
called?-DERIVATIVES
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