EY Global Delivery Services ( EY GDS) Associate Manager Interview Questions and Answers

The number of people currently managing varies by organization and team structure, impacting leadership dynamics.

• Management can range from a few individuals in small teams to hundreds in large corporations.

• For example, a startup may have 3-5 managers overseeing different functions.

• In contrast, a multinational company could have thousands of managers across various departments.

• The management structure often includes lay...read more

A month close checklist ensures accurate financial reporting and compliance at the end of each month.

• Reconcile accounts: Ensure all transactions are recorded and match bank statements.

• Review journal entries: Verify that all entries are accurate and properly categorized.

• Accruals and deferrals: Record any necessary adjustments for expenses and revenues.

• Inventory counts: Conduct physical counts and adjust records for disc...read more

Experienced professional with a background in project management and team leadership.

• Over 5 years of experience in project management

• Strong leadership skills demonstrated through successful team management

• Proven track record of delivering projects on time and within budget

• Excellent communication and problem-solving abilities

• Passionate about driving team success and achieving goals

I believe a salary increase is justified due to my contributions, market standards, and my commitment to professional growth.

• Consistent performance: I've consistently exceeded my targets, such as increasing sales by 20% last quarter.

• Market alignment: Research shows that the average salary for my role in our industry is 15% higher than my current compensation.

• Increased responsibilities: I've taken on additional projects...read more

Equity affects the profit and loss statement primarily through retained earnings and dividends, influencing overall financial health.

• Equity represents ownership in a company, impacting how profits are distributed.

• Retained earnings, part of equity, reflect cumulative profits not distributed as dividends, affecting future profit calculations.

• Dividends paid to shareholders reduce retained earnings, impacting the equity se...read more

Financial statements are formal records of the financial activities of a business, providing insights into its financial performance.

• 1. Income Statement: Shows revenue, expenses, and profit over a specific period. Example: Quarterly earnings report.

• 2. Balance Sheet: Snapshot of assets, liabilities, and equity at a specific point in time. Example: Year-end financial position.

• 3. Cash Flow Statement: Details cash inflows ...read more

The three golden rules of accounting guide how financial transactions are recorded and reported.

• 1. Debit what comes in, credit what goes out: This rule applies to personal accounts. For example, when a business purchases equipment, the equipment account is debited.

• 2. Debit all expenses and losses, credit all incomes and gains: This rule applies to nominal accounts. For instance, when a company earns revenue from sales,...read more

My favorite app is Spotify because it allows me to discover new music and create personalized playlists.

• Allows me to discover new music

• Create personalized playlists

• User-friendly interface

I would add a feature for personalized recommendations based on user preferences and behavior.

• Implement a recommendation algorithm to suggest relevant content or products to the user

• Allow users to customize their preferences and interests in the app settings

• Utilize user data such as past interactions and search history to tailor recommendations

• Include a 'Recommended for You' section on the app's homepage