Lodha & Company Article Assistant Interview Questions and Answers

Q1. Trial balance preparation
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Q2. Qofe adjustment , their types
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Qofe adjustment refers to the process of adjusting the quality of financial statements to reflect the true financial position of a company.
• Qofe adjustment is done to ensure that financial statements accurately reflect the financial position of a company.

• There are two types of Qofe adjustments: permanent and temporary.

• Permanent Qofe adjustments are made to correct errors in the financial statements that are not expected...read more
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Q1. About past work biggest challenges and approach on the same.
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Q2. Accounts Receivable part in O2C cycle with an example for each step of operation.
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Accounts Receivable is a crucial part of the Order-to-Cash (O2C) cycle, involving invoicing customers for goods or services rendered.
• Invoicing customers for goods or services provided

• Recording the transaction in the accounting system

• Following up on outstanding payments

• Applying payments received to the appropriate invoices

• Resolving any discrepancies or disputes with customers
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Q1. Questions on your experience
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Q2. Situation based question, general questions
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Q3. Finance related questions
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Q1. What do you do. And how you can add value
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Q1. Basic question about your work
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Hard and lengthy took long time

Q1. Only informed about stipend
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Q1. Didn't ask any question only informed about stipend
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Q1. They don't ask anything great just basic easy questions
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Q2. 5 principals of internal audit......
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The 5 principals of internal audit are integrity, objectivity, confidentiality, competency, and compliance.
• Integrity: being honest and truthful in all aspects of the audit process

• Objectivity: remaining impartial and unbiased throughout the audit

• Confidentiality: ensuring that sensitive information is protected and kept confidential

• Competency: possessing the necessary knowledge and skills to perform the audit effectively

• ...read more
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Q1. Tell me about yourself
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I am a dedicated professional with a background in finance and a passion for problem-solving and teamwork.
• Education: Graduated with a degree in Finance from XYZ University, where I was involved in the finance club.

• Experience: Worked as an intern at ABC Corp, where I assisted in financial analysis and reporting.

• Skills: Proficient in Excel and financial modeling, with a strong ability to analyze data and present findings...read more
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Q2. Articleship Experience
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My articleship experience was enriching, providing hands-on exposure to various aspects of accounting and auditing.
• Worked on auditing financial statements for small to medium-sized enterprises, enhancing my analytical skills.

• Assisted in tax planning and compliance, which deepened my understanding of tax regulations and their implications.

• Participated in client meetings, improving my communication skills and ability to ...read more
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