DE Shaw Senior Specialist Interview Questions and Answers

Q1. Tell me about youtself?
Ans. 
I am a dedicated and experienced professional with a strong background in project management and team leadership.
• Over 10 years of experience in project management

• Proven track record of successfully leading cross-functional teams

• Strong communication and interpersonal skills

• Certified in project management (PMP)

• Previously managed a project with a budget of $1 million
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Q2. What do you know about TDS?
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TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.
• TDS is a system introduced by the Income Tax Department of India to collect tax at the source from where an individual's income is generated.

• It is applicable to various payments such as salary, interest, commission, rent, etc.

• The deducted TDS amount is then deposited to the government by the deductor.

• TDS rat...read more
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Q3. Situation AP based journal entries
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Q4. What is GST on reverse charge?
Ans. 
GST on reverse charge is a mechanism where the recipient of the goods/services is liable to pay the tax instead of the supplier.
• Under reverse charge mechanism, the recipient of the goods/services is responsible for paying the GST instead of the supplier.

• It is applicable in certain cases like import of services, specified goods/services, etc.

• The recipient needs to self-assess and pay the tax directly to the government.

• I...read more
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Q5. What are the documents required to initiate a foreign remittance?
Ans. 
Documents required for foreign remittance include identification proof, proof of address, and purpose of remittance.
• Identification proof such as passport or driver's license

• Proof of address like utility bill or bank statement

• Purpose of remittance document like invoice or agreement
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Q6. More situational based AP journal entries.
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Online automated video interview having 3 questions. one minute was given to read and think and two minutes to answer.

Q1. Total AP process and P2P cycle
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Q2. Most questions are from Your CV
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Q3. Detailed explanation on J.E
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J.E stands for Journal Entry, which is a record of financial transactions in a company's accounting system.
• J.E is used to record all financial transactions in a company's accounting system

• It includes details such as date, accounts involved, amounts, and descriptions

• J.E is used to create financial statements such as the balance sheet and income statement

• It helps in identifying errors and discrepancies in the accounting ...read more
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Q4. About Direct and Indirect taxation
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Q1. Need to get feedback of my first round
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