Finance Controllership Domain - Frequently Asked Technical Interview Questions

Table of Contents

Average CTC: 8 to 13 LPA (approx.)
Technical Questions :

Average CTC: 8 to 13 LPA (approx.)

Technical Questions :

What is window dressing?
How do you evaluate a project?- NPV/ IRR
How do companies inflate sales?
Ind As 102 (share-based payment): how you will record the share-based payment in books, and what other implications of shared-based payment would be possible ..?
Ind As 19(Employee Benefit)
Ind AS 40: Definition of Investment Property
Ind AS 16: What is the Deemed cost exemption as per Ind AS 16?
IND AS 16: What is the concept of Component accounting as per Ind AS 16? Why Component Accounting is used?
Ind As 2: How Inventory is valued as per Ind AS 2?
Ind AS 115: What is the 5-step model of recognizing Revenue as per Ind AS 115?
Ind AS 115: What is the treatment of volume-based discount as per Ind AS 115?
Ind AS 115: What are the conditions of recognizing revenue over Point in time and Satisfied over time?
Ind AS 109: What will be the treatment of Dividends when equity is valued under FVTOCI as per Ind AS 109
Ind As 109: How Equity/Financial Asset is valued under Ind As 109?
A major difference between Ind AS 115 vs AS 9. (Just mention 2/3 points).
A major difference between Ind AS 116 vs Ind AS 17. (Just mention 2/3 points).
Ind AS 12: What is Deferred Tax Asset/Deferred Tax Liability, Journal entries for the same as per Ind as 12?
What is the difference between fair value and revaluation?
Whether mobilization advance is a financial asset?
How to measure investment property in SFS and CFS?
What is the substantial period under Ind As for capitalizing borrowing cost w.r.t qualifying assets?
Which is your favorite Ind AS, explain that and why it is your favorite.
Can LLP be a subsidiary under Ind AS?
How to control has been defined under Ind As 103. Explain by giving examples.
Deferred tax liability is current or noncurrent in nature..?
What is the difference between a finance lease and an operating lease under Ind AS 116?
What is a currency swap, or interest rate swap?
What is Going Concerned?
What is the first step of taking a loan?
What is the journal entry for 1. import of services and goods 2. for TDS and TCS – at the time of recognizing it in books and at payment 3. Prepaid expense and outstanding expense
How to make any reconciliation statement?
What is deferred revenue?
What are the changes introduced in Ind AS, tell any 5 major changes of 5 important Ind AS.
How to consolidate a subsidiary while preparing a consolidated financial statement?
Tell me about 5 step model of revenue recognition under Ind AS 115.
What does the Inventory Turnover Ratio shows?
What is ROE?
What is the net worth of the company?
What is the operating cycle or cash conversion cycle?
What is the difference between EBIT and EBIDTA? Can EBIT be greater than EBIDTA?
What are NIFTY and SENSEX?
What are EPS and Diluted EPS?
Explain valuation and techniques.
What is financial risk management?
What are SLR, CRR, REPO, Reverse Repo, and rates?
Difference between broad money and narrow money.
Explain dividend models.
What is a sin tax?
What is STT?
What is deferred tax liability and asset?
Explain cash equivalents.
Difference between Depreciation, Depletion, and Amortization.
What has accumulated depreciation?
Explain the Effective tax rate.
What are free cash flows?
Profitability and valuation ratios.
Difference between solvency and liquidity.
Difference between an operating lease and a financial lease.
What is asset acquisition?
Explain the leverage ratio and solvency ratio.
Difference between current ratio and quick ratio.
What is working capital and what is net working capital?
Components of cash flow Statement.
What is goodwill?
How to calculate goodwill?
What is contingent liability?
What is NPA?
What are REITs?
What is the book value of a business?
What is financial modeling?
What is the difference between private equity and venture capital?
Which is cheaper debt or equity?
How RTGS is different from NEFT?
What is the difference between accounts payable and accounts receivable?
What are accruals?
What are prepaid expenses?
What is principles of accounting?
What are the accounting concepts?
What is deferred revenue?
What is impairment of an asset? How is it treated in accounting?
What accounting policies are used for segment reporting?
Difference between Budgeting and Forecasting.
Conventions of accounting.
Difference between operating Lease and Finance Lease.

What is Window Dressing?
How do you evaluate a project? – NPV or IRR
How do Companies Inflate sales?
Ind AS 102 (Share-Based Payment): how you will record the share-based payment in books, what other
implications of share-based payment would be possible?
Ind AS 40(Investment Property): Definition of Investment Property?
What is deemed cost exemption as per Ind AS 16?
What is the concept of component accounting as per Ind AS 16? Why is it used?
How Inventory is valued as per Ind AS 2?
What is the 5-step model of recognizing revenue as per Ind AS 115?
What is a treatment of volume-based discount as per Ind AS 115?
What are the conditions of recognizing revenue over point in time and satisfied over time?
How Equity/Financial Asset is valued under Ind AS 109?
Major differences between Ind AS 116 and Ind AS 17? (Very Important)
What are Deferred Tax Assets and Deferred Tax Liabilities? (Very Important)
How would you perform a comparative analysis of the Income and expenditure?
Impact of recent GST amendment regarding ITC in Cash Flow and Working Capital of Companies? (Suggested by Mentors)
Measures one would take to identify revenue leakages and curtail it if any?
Explain two differences between IFRS and US GAAP accounting principles.