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BDO Interview Questions and Answers
37 Interview questions
The basic accounting equation states that assets equal liabilities plus equity, forming the foundation of double-entry accounting.
Assets = Liabilities + Equity: This equation shows that what a company owns (assets) is financed by what it owes (liabilities) and the owner's investment (equity).
Example of Assets: Cash, inventory, property, and equipment are all considered assets.
Example of Liabilities: Loans, account...
In accounting, premises refer to the foundational assumptions or principles that guide financial reporting and analysis.
Accrual Basis: This premise states that revenues and expenses should be recognized when they are earned or incurred, not when cash is exchanged. For example, a company recognizes revenue when a service is provided, even if payment is received later.
Going Concern: This assumption implies that a bu...
My best subject in college was Advanced Accounting, where I excelled in financial reporting and tax regulations.
I achieved a top grade in Advanced Accounting, demonstrating my strong grasp of complex financial concepts.
I completed a project on consolidating financial statements, which deepened my understanding of multi-entity accounting.
Participated in study groups that enhanced my analytical skills and allowed me...
Substantive tests are procedures performed to detect material misstatements in financial statements, while tests of controls evaluate the effectiveness of internal controls.
Substantive tests are used to gather evidence about the completeness, accuracy, and validity of the financial information.
Examples of substantive tests include analytical procedures, substantive analytical procedures, and tests of details.
Tests...
Accounts payable and receivable are audited by examining invoices, payments, reconciliations, and internal controls.
Reviewing invoices and matching them to purchase orders and receiving reports
Confirming balances with vendors and customers
Analyzing aging reports to identify overdue payments
Testing internal controls related to authorization, recording, and reconciliation of transactions
Performing cutoff tests to en...
Substantive testing involves testing the accuracy and completeness of financial information, while control testing evaluates the effectiveness of internal controls.
Substantive testing is used to gather evidence on the accuracy and completeness of financial information.
Control testing is used to evaluate the effectiveness of internal controls in place to prevent and detect errors or fraud.
Substantive testing includ...
BDO HR Interview Questions
Public companies are owned by the general public through shares traded on the stock exchange, while private companies are owned by a small group of individuals or investors.
Public companies have shares that are traded on the stock exchange, allowing anyone to buy or sell them.
Private companies are owned by a small group of individuals or investors, and their shares are not publicly traded.
Public companies are requ...
Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
Materiality helps auditors decide what information to focus on during an audit
It is based on the principle that only items that could influence the decisions of users of financial statements need to be disclosed
Materiality is influenced by factors such as size, nature, and circumstances ...
Accounting rules are guidelines and principles that govern the preparation of financial statements and ensure consistency and accuracy.
Accounting rules help ensure that financial information is recorded accurately and consistently.
They provide guidelines on how to classify, measure, and report financial transactions.
Examples of accounting rules include the matching principle, revenue recognition principle, and the...
I have over 5 years of experience in taxation, including preparing tax returns, conducting tax research, and advising clients on tax planning strategies.
Prepared individual and business tax returns accurately and efficiently
Conducted tax research to stay up-to-date on changing tax laws and regulations
Advised clients on tax planning strategies to minimize tax liabilities
Assisted with IRS audits and resolving tax is...
BDO Interview Experiences
49 interviews found
Anonymous
I applied via Recruitment Consulltant and was interviewed in Nov 2024. There was 1 interview round.
(2 Questions)
- Q1. How are u and what have you done
- Ans.
I am a dedicated and experienced internal auditor with a strong track record of identifying and mitigating risks.
Performed risk assessments to identify potential areas of concern
Conducted thorough audits to assess compliance with regulations and internal policies
Developed recommendations for improving internal controls and processes
Presented audit findings to senior management and stakeholders
Collaborated with cross-fu...
- Q2. Where do u see urself in 10 years
Interview Preparation Tips
(3 Questions)
- Q1. What is substantive testing and control testing
- Ans.
Substantive testing involves testing the accuracy and completeness of financial information, while control testing evaluates the effectiveness of internal controls.
Substantive testing is used to gather evidence on the accuracy and completeness of financial information.
Control testing is used to evaluate the effectiveness of internal controls in place to prevent and detect errors or fraud.
Substantive testing includes pr...
- Q2. How will you audit accounts payable and receivable?
- Ans.
Accounts payable and receivable are audited by examining invoices, payments, reconciliations, and internal controls.
Reviewing invoices and matching them to purchase orders and receiving reports
Confirming balances with vendors and customers
Analyzing aging reports to identify overdue payments
Testing internal controls related to authorization, recording, and reconciliation of transactions
Performing cutoff tests to ensure ...
- Q3. What is materiality?
- Ans.
Materiality is the concept of determining the significance or importance of information in relation to a specific context.
Materiality is a subjective concept that varies depending on the nature of the information and its impact on decision-making.
It involves assessing whether the information, if omitted or misstated, would influence the decisions of users of the financial statements.
Materiality is often considered in t...
Selected
I applied via Naukri.com and was interviewed in Sep 2024. There was 1 interview round.
(3 Questions)
- Q1. IND AS transition
- Q2. Leases , disclosure requirement
- Q3. Financial reporting disclosures
Interview Preparation Tips
I applied via Campus Placement and was interviewed in Dec 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Q2. What was your best subject in college
Interview Preparation Tips
deepa k
I applied via LinkedIn and was interviewed in Jun 2024. There were 2 interview rounds.
Online based aptitude test which included accounts. journal and ledger
(3 Questions)
- Q1. Whats your experrince in taxation
- Ans.
I have over 5 years of experience in taxation, including preparing tax returns, conducting tax research, and advising clients on tax planning strategies.
Prepared individual and business tax returns accurately and efficiently
Conducted tax research to stay up-to-date on changing tax laws and regulations
Advised clients on tax planning strategies to minimize tax liabilities
Assisted with IRS audits and resolving tax issues
W...
- Q2. What is accounting rules
- Ans.
Accounting rules are guidelines and principles that govern the preparation of financial statements and ensure consistency and accuracy.
Accounting rules help ensure that financial information is recorded accurately and consistently.
They provide guidelines on how to classify, measure, and report financial transactions.
Examples of accounting rules include the matching principle, revenue recognition principle, and the hist...
- Q3. Heads of income amd their explanations
- Ans.
Heads of income refer to different categories under which income is classified for tax purposes.
Heads of income include salary, house property, business or profession, capital gains, and other sources.
Salary income includes income from employment, bonuses, allowances, etc.
House property income includes rental income from properties owned by the individual.
Business or profession income includes income from self-employme...
Abdullah Shamim
I applied via Company Website and was interviewed in Jul 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Where do you live
- Q2. Your qualification
(2 Questions)
- Q1. Section 44ad/ab
- Q2. What is the difference between public & private co
Interview Preparation Tips
Selected
I appeared for an interview in Jan 2025, where I was asked the following questions.
- Q1. Why BDO Canada?
- Ans.
BDO Canada stands out for its commitment to client service, professional development, and a collaborative work culture.
Strong reputation in the industry for providing exceptional client service, as evidenced by numerous client testimonials.
Commitment to employee growth through continuous training programs and mentorship opportunities, fostering career advancement.
A collaborative and inclusive work environment that enco...
- Q2. How do you approach making bold leadership decisions and what is your personal leadership style?
- Ans.
I prioritize collaboration and data-driven insights to make bold leadership decisions while fostering an inclusive team environment.
I believe in gathering diverse perspectives before making decisions, as seen when I led a team to implement a new scheduling system by involving all stakeholders.
Data analysis is crucial; I once used workforce analytics to identify peak hours, leading to a 15% increase in efficiency after ...
- Q3. What has been your experience with Resource Management and Workforce Management tools?
- Ans.
I have extensive experience with various Resource and Workforce Management tools, optimizing team performance and resource allocation.
Utilized tools like Kronos and Workforce Software for scheduling and attendance tracking, improving efficiency by 20%.
Implemented a resource management system that allowed for real-time tracking of project progress and resource allocation.
Conducted training sessions for staff on using wo...
Garima Sahni
(1 Question)
- Q1. What is Materiality ?
(1 Question)
- Q1. What are assertions in audit ?
Ca inter topic discussed
(2 Questions)
- Q1. Normal question.
- Q2. Own answer can give
(2 Questions)
- Q1. Tell about yourself
- Q2. You have to tell
Leena Sharma
(1 Question)
- Q1. What are your salary expectations
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BDO Interviews By Designations
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