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BDO RISE Private Limited Interview Questions and Answers
26 Interview questions
Reviewing returns and workpapers involves thorough examination of tax documents and supporting documentation.
Start by reviewing the tax return for accuracy and completeness
Compare the numbers on the return to the supporting workpapers
Check for any discrepancies or missing information
Verify that all calculations are correct
Ensure that all necessary schedules and forms are included
Document any findings or issues for...
Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.
Identify the standalone selling prices of each service included in the bundle.
Allocate the total revenue based on the relative fair value of each service.
Recognize revenue for each service as it is delivered or as the customer consumes the service.
Ensure that the revenue recognitio...
A finance lease is a type of lease where the lessee has substantially all the risks and rewards of ownership.
The lease term is for the major part of the economic life of the asset
The present value of the minimum lease payments is equal to or more than the fair value of the asset
The asset is expected to be used by the lessee for the major part of its economic life
The lease agreement includes an option to purchase t...
Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was acquired.
Accumulated depreciation is a contra asset account, meaning it has a credit balance.
It represents the total depreciation expense recognized on an asset over its useful life.
Accumulated depreciation is used to reduce the carrying amount of an asset on the balance sheet.
For example, if a com...
Contingent assets and liabilities are potential assets and liabilities that may arise in the future based on certain events.
Contingent Asset: potential assets that may arise in the future if certain events occur, such as a pending lawsuit or a potential tax refund.
Contingent Liability: potential liabilities that may arise in the future if certain events occur, such as a pending lawsuit or a warranty claim.
Continge...
VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
VLOOKUP stands for 'Vertical Lookup'
Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])
Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searches for the value in cell A2 in the range B2:D10 and returns the value in the 3rd column
The last parameter [range_lookup] can be TRUE (app...
BDO RISE Private Limited HR Interview Questions
Accruals are expenses incurred but not yet paid or revenues earned but not yet received.
Accruals are used to match expenses and revenues to the period in which they are incurred or earned.
They are recorded as adjusting entries in the financial statements.
Examples include accrued salaries, accrued interest, and accrued taxes.
Accruals help provide a more accurate representation of a company's financial position.
Accr...
BRS stands for Bank Reconciliation Statement, which is a statement prepared to reconcile the balance as per the bank statement with the balance as per the company's books.
BRS helps in identifying discrepancies between the bank statement and the company's records.
It ensures that all transactions are accurately recorded and accounted for.
Common reasons for differences in BRS include outstanding checks, deposits in t...
To check cash and bank balances, I would perform bank reconciliations, verify deposits and withdrawals, and review bank statements.
Perform bank reconciliations to ensure the balance in the company's books matches the bank statement
Verify deposits and withdrawals by comparing them to supporting documentation such as deposit slips and checks
Review bank statements for any discrepancies or unauthorized transactions
Inv...
Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the cash is received.
Revenue is recognized when it is realized or realizable and earned.
The amount of revenue to be recognized is based on the consideration received or expected to be received in exchange for goods or services.
Revenue recognition principles may vary based on the industry and sp...
BDO RISE Private Limited Interview Experiences
34 interviews found
Anonymous
Selected
I applied via Referral and was interviewed before Jan 2024. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. What is your current CTC
(1 Question)
- Q1. Risk Based audit approach, 5 steps of revenue recognition
- Ans.
Risk-based audit approach focuses on identifying and assessing risks to determine audit procedures. Revenue recognition involves 5 key steps.
Identify the risks associated with revenue recognition, such as fraud or errors.
Assess the significance of these risks to determine the audit approach.
Design and perform audit procedures to address the identified risks.
Evaluate the results of the audit procedures and draw conclusi...
(1 Question)
- Q1. Audit Assertions
Selected
(4 Questions)
- Q1. Depreciation methods and forms
- Ans.
Depreciation methods and forms are used to allocate the cost of an asset over its useful life for tax purposes.
Depreciation methods include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
Forms used for depreciation include Form 4562 for assets placed in service during the tax year and Form 4797 for assets disposed of during the tax year.
Depreciation is important for determinin...
- Q2. Partners allocation
- Q3. 163j interest limitations
- Q4. Process of reviewing returns and wp
- Ans.
Reviewing returns and workpapers involves thorough examination of tax documents and supporting documentation.
Start by reviewing the tax return for accuracy and completeness
Compare the numbers on the return to the supporting workpapers
Check for any discrepancies or missing information
Verify that all calculations are correct
Ensure that all necessary schedules and forms are included
Document any findings or issues for furt...
Interview Preparation Tips
I applied via Referral and was interviewed in Jul 2024. There were 2 interview rounds.
(4 Questions)
- Q1. What are assertions
- Q2. What is materiality
- Q3. How would you check cash and bank balances
- Q4. Explain revenue recognition
- Ans.
Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the cash is received.
Revenue is recognized when it is realized or realizable and earned.
The amount of revenue to be recognized is based on the consideration received or expected to be received in exchange for goods or services.
Revenue recognition principles may vary based on the industry and specifi...
(2 Questions)
- Q1. Industry specific questions
- Q2. Ind as 116 accounting
I applied via Approached by Company and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. How would you identify a Finance Lease? (5 pointers)
- Ans.
A finance lease is a type of lease where the lessee has substantially all the risks and rewards of ownership.
The lease term is for the major part of the economic life of the asset
The present value of the minimum lease payments is equal to or more than the fair value of the asset
The asset is expected to be used by the lessee for the major part of its economic life
The lease agreement includes an option to purchase the as...
- Q2. How would you recognise revenue of Bundled services?
- Ans.
Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.
Identify the standalone selling prices of each service included in the bundle.
Allocate the total revenue based on the relative fair value of each service.
Recognize revenue for each service as it is delivered or as the customer consumes the service.
Ensure that the revenue recognition com...
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Apr 2024. There were 4 interview rounds.
Aptitude test duration 1 and half an hour
(2 Questions)
- Q1. Why do you choose your career in accounting
- Ans.
I much interested working in accounting because backbone of any business and grow professionally in this field
- Q2. Why should we hire you
- Ans.
I am looking for long-term commitment and see this role as an opportunity and willing to learn and contribute to team success
(6 Questions)
- Q1. What is brs and reasons
- Q2. What is accruals
- Q3. Journal entries
- Q4. What do you know about bdo
- Ans.
BDO is a global accounting and advisory firm providing services in audit, tax, and consulting.
BDO is one of the largest accounting firms in the world.
They offer services in audit, tax, and advisory.
BDO has offices in over 160 countries.
The firm serves clients in various industries such as healthcare, technology, and financial services.
- Q5. Vlookup in excel
- Q6. Golden rules of accounting
- Ans.
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
The three golden rules of accounting are: 1. Debit the receiver, Credit the giver 2. Debit what comes in, Credit what goes out 3. Debit expenses and losses, Credit income and gains
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity
For example, when a company receives cas...
(2 Questions)
- Q1. What is your salary Expectations?
- Q2. Would you know which role you are applying for in this company?
Skills evaluated in this interview
I applied via Referral and was interviewed in May 2024. There were 4 interview rounds.
30 aptitude questions in 30 minutes
1 topic was given to discuss
(1 Question)
- Q1. Questions on brd
(2 Questions)
- Q1. Job roles and responsibilities
- Q2. Question based on project
Interview Preparation Tips
Mansee Sharma
Selected
I appeared for an interview in Sep 2024.
(2 Questions)
- Q1. Tell me about yourself
- Q2. Technical questions
(1 Question)
- Q1. Basic accounting
Selected
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
It was amazing round
(2 Questions)
- Q1. Accounting rules
- Q2. How many types of Depreciation are there?
Verbal Reasoning, numerical Reasoning, logical reasoning.
(1 Question)
- Q1. About the role ,company
Interview Preparation Tips
It was quite easy. You've to have good grip in basic Accounting & Costing concepts. Also there was some reasoning & basic English comprehension test as well.
(3 Questions)
- Q1. They will try to know if your foundation in all the commerce subjects are good or not. May be they can ask few questions regarding MS Excel.
- Q2. Why do you want to join US Taxation?
- Q3. What is Vlookup & Hlookup.
- Ans.
Vlookup & Hlookup are Excel functions used to search for a value in a table and return a corresponding value.
Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column.
Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.
Both functions are commonly used in Excel for data analysis and manipulation...
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BDO RISE Private Limited Interview FAQs
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BDO RISE Private Limited Interviews By Designations
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Hyderabad / Secunderabad,
Bangalore / Bengaluru
+13-8 Yrs
Not Disclosed
|
Senior Associate
211
salaries
|  ₹11.3 L/yr - ₹20.5 L/yr |
|
Assistant Manager
208
salaries
| ₹15 L/yr - ₹25 L/yr |
|
Associate
201
salaries
| ₹6 L/yr - ₹13.2 L/yr |
|
Audit Associate
187
salaries
| ₹3.8 L/yr - ₹7.5 L/yr |
|
Tax Associate
119
salaries
| ₹3.8 L/yr - ₹7 L/yr |
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