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PwC Associate Interview Questions and Answers
133 Interview questions
The income line on Form 1120 is found on Line 11, which reports the corporation's total income.
Line 11 of Form 1120 shows 'Total Income', which includes gross receipts and other income.
Gross receipts are reported on Line 1a, which includes sales of goods and services.
Other income, such as interest and dividends, is reported on Line 10.
The total income is calculated by summing all sources of income before deduction...
No, each state has its own rules and regulations, which can vary significantly across different areas.
States have the authority to create their own laws, leading to variations in regulations.
For example, tax laws differ between states; California has a higher income tax rate than Texas.
Education standards can vary; some states have different requirements for high school graduation.
Traffic laws also differ; for ins...
A palindrome number reads the same forwards and backwards, like 121 or 12321.
A number is a palindrome if reversing its digits gives the same number.
Example: 121 is a palindrome because reversing it gives 121.
Example: 123 is not a palindrome because reversing it gives 321.
To check if a number is a palindrome, convert it to a string and compare it with its reverse.
Purchase order type in schedule lines is determined by various factors including item category and delivery schedule.
The purchase order type is influenced by the item category (e.g., standard, consignment).
Schedule lines can be linked to specific delivery dates, affecting the order type.
For example, a 'Standard Order' type is used for regular purchases, while 'Consignment' is used for stock provided by a vendor.
Th...
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IDocs are electronic documents used in SAP for data exchange between systems. Processing involves various steps.
1. IDoc Creation: IDocs are generated from SAP transactions or programs, e.g., creating a sales order generates an IDoc.
2. IDoc Transmission: IDocs can be sent via ALE (Application Link Enabling) or EDI (Electronic Data Interchange) to other systems.
3. IDoc Processing: The receiving system processes the ...
Audit materiality refers to the significance of financial information that could influence decision-making.
Materiality is determined based on the size and nature of the item in question.
For example, a $10,000 error may be material for a small company but not for a large corporation.
It helps auditors focus on areas that could impact financial statements significantly.
Materiality can be quantitative (e.g., 5% of net...
PwC HR Interview Questions
Bank confirmation verifies account balances directly with the bank, while bank statements summarize transactions over a period.
Bank confirmation is a direct request to the bank for account balance verification.
Bank statements are periodic summaries of all transactions in an account.
Example of bank confirmation: A company requests a confirmation letter from its bank to verify its cash balance.
Example of bank statem...
Assertions are statements used to verify assumptions in code, ensuring correctness during development and testing.
Assertions help catch bugs early by validating conditions that must be true at a specific point in the code.
Example: In Python, 'assert x > 0' checks if x is positive; if not, it raises an AssertionError.
They are often used in unit tests to confirm that functions return expected results.
Assertions c...
Ind AS 109 is a financial reporting standard that deals with the recognition and measurement of financial assets and liabilities.
Ind AS 109 is based on the principles of recognizing financial assets and liabilities at fair value.
It requires entities to classify financial assets based on their business model for managing the assets and their contractual cash flow characteristics.
It also introduces the expected cred...
The five-step model of Ind AS 115 is a framework for recognizing revenue from contracts with customers.
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue as the entity satisfies a performance obligation
PwC Associate Interview Experiences
235 interviews found
Anonymous
I applied via Referral and was interviewed before Mar 2021. There were 2 interview rounds.
(3 Questions)
- Q1. 1. How are the fixed income products valued in accordance with the Prudential norms on valuation Master Circular RBI? ( My Job profile was related to Fixed Income and Money Market Treasury Operations Audit...
- Ans.
Fixed income products are valued in accordance with RBI's valuation Master Circular on Prudential norms.
Fixed income products are valued based on their market value or fair value.
The valuation is done by independent valuers or by the issuer's internal valuation committee.
The valuation should be done at least once a quarter and the results should be reported to the RBI.
The valuation should take into account factors such...
- Q2. 3. (On the basis of my past experience and projects which included audit of a Private Sector Bank and a Foreign Bank) What notable differences have you observed in the Treasury Management of one of the lar...
- Q3. 4. What do you know about fixed income and money products in India?
- Ans.
Fixed income and money products in India refer to investment options that provide a fixed return on investment.
Fixed income products include government bonds, corporate bonds, and fixed deposits.
Money products include savings accounts, money market funds, and treasury bills.
Fixed income and money products are popular among risk-averse investors.
Interest rates on fixed income products are influenced by factors such as i...
(1 Question)
- Q1. What do you know about the Government Securities Market in India?
- Ans.
The Government Securities Market in India is a platform for trading government securities.
Government Securities Market is regulated by the Reserve Bank of India.
It is a platform for trading government securities like treasury bills, bonds, and securities issued by the central and state governments.
The market is open to all investors including individuals, banks, financial institutions, and foreign investors.
The market ...
Interview Preparation Tips
45 questions, duration 1 hour
(2 Questions)
- Q1. Based on the projects.
- Q2. Based on the skills you mentioned in your resume.
(2 Questions)
- Q1. Based on the extra skills
- Q2. Puzzles and aptitude questions
(2 Questions)
- Q1. Why you want to join PWC
- Ans.
I want to join PwC for its commitment to innovation, professional growth, and impactful client solutions in a collaborative environment.
PwC's reputation for excellence in consulting and assurance services aligns with my career aspirations.
The opportunity to work with diverse clients across various industries excites me, as it will enhance my problem-solving skills.
PwC's emphasis on continuous learning and professional ...
- Q2. How you will handle criticism.
- Ans.
I embrace criticism as an opportunity for growth, using it to improve my skills and performance in a constructive manner.
Listen actively to understand the feedback without becoming defensive.
Reflect on the criticism to identify areas for improvement; for example, if a colleague suggests enhancing my presentation skills, I might seek additional training.
Ask clarifying questions to ensure I fully grasp the feedback and i...
I applied via Company Website and was interviewed in Jul 2024. There were 3 interview rounds.
(3 Questions)
- Q1. Pandas data frame manipulation questions, First was to change value of cell based certain conditions. Difference between iloc and loc with an example
- Q2. Guesstimate: no of airplane that took off and land in Mumbai airport
- Ans.
Approximately 700 airplanes take off and land at Mumbai airport daily.
Consider the average number of flights per day at Mumbai airport
Factor in peak travel times and seasonal variations
Take into account the types of aircrafts that operate at the airport
- Q3. Case Study : A retailer client is loosing his revenue from business, analyze the cause of decline.
- Ans.
The retailer client is experiencing a decline in revenue, analyze the cause.
Conduct a thorough analysis of the retailer's financial statements to identify any trends or patterns in revenue decline.
Evaluate the competitive landscape to see if new competitors have entered the market or existing competitors have gained market share.
Assess the retailer's marketing and advertising strategies to determine if they are effecti...
A case study statement along with large data set was provided, it had 6 sub problems where I was open to take assumption and do whatever analysis with the given data and was expected to come up with strategy/solution to solve those 6 sub problems.
I was given 3 days to solve this case study and was asked to present the solution on ppt or power bi dashboard. Use of any programming language like python, sql was allowed for data analysis.
3 days deadline was strictly followed.
Case study round was taken by Senior Manager at PwC. He initially asked many questions on my work experience, projects previous firm, domain specific question.
Case study solution for above 6 sub problems was extensively discussed. He thoroughly examined the solution right from data analysis codes(sql, python) to end visualization and strategy to solve those problem.
Interview Preparation Tips
- Python
- PySpark
- SQL
- PowerBi
Himanshu
(3 Questions)
- Q1. Tell me about Articleship Experience.
- Ans.
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 return preparation, gaining insights into tax regulations and compliance.
Participated in client meetings, improving my communication skills and understanding client needs.
Conducted ...
- Q2. Recent M&A and how that transaction was structured.
- Ans.
Recent M&A activity includes Microsoft's acquisition of Activision Blizzard, structured as a cash deal to enhance gaming portfolio.
Microsoft announced a $68.7 billion acquisition of Activision Blizzard in January 2022.
The deal was structured as an all-cash transaction, allowing for a straightforward valuation.
This acquisition aims to bolster Microsoft's gaming division and expand its presence in the metaverse.
Regul...
- Q3. Recent budget amendments
Selected
- Q1. What values and opportunities do you appreciate in PwC that influenced your desire to work there?
- Ans.
I value PwC's commitment to integrity, diversity, and professional growth, which align with my career aspirations.
PwC's strong emphasis on integrity and ethical practices resonates with my personal values.
The diverse and inclusive culture at PwC fosters collaboration and innovation, allowing for varied perspectives.
Opportunities for continuous learning and professional development, such as mentorship programs, are high...
- Q2. How flexible are you with the office location?
- Ans.
I am quite flexible with office locations, as I prioritize collaboration and productivity over a specific geographic area.
I am open to relocating if necessary, as I believe in adapting to the team's needs.
I have experience working remotely and can maintain productivity from various locations.
I understand the importance of being present for team meetings and client interactions, so I can adjust my location accordingly.
F...
Selected
(2 Questions)
- Q1. Inventory management process explanation
- Q2. Say about the amortization
- Ans.
Amortization is the process of spreading out loan payments over time, with a portion of each payment going towards both the principal and interest.
Amortization helps borrowers pay off a loan gradually over a set period of time.
Each payment is typically divided into two parts: one portion goes towards reducing the loan balance (principal), and the other portion covers the interest accrued.
Common examples of amortization...
Interview Preparation Tips
Skills evaluated in this interview
Selected
I appeared for an interview in Sep 2024.
(2 Questions)
- Q1. Can you tell me about yourself?
- Q2. What was your experience in your last company?
- Ans.
In my last company, I focused on project management, team collaboration, and enhancing operational efficiency.
Led a team of 5 in a project that improved client satisfaction by 20% through streamlined communication.
Implemented a new project management tool that reduced task completion time by 15%.
Conducted weekly team meetings to ensure alignment on goals and foster a collaborative environment.
Trained new employees on c...
(2 Questions)
- Q1. What are your key skills?
- Ans.
I possess strong analytical, communication, and problem-solving skills, essential for effective teamwork and project execution.
Analytical Skills: I excel at breaking down complex problems into manageable parts, as demonstrated in my previous role where I improved process efficiency by 20%.
Communication: I have experience presenting ideas clearly to diverse audiences, which helped secure stakeholder buy-in for a major p...
- Q2. What is your reason for choosing this company?
- Ans.
I admire this company's commitment to innovation and its strong values, which align with my career aspirations and personal beliefs.
The company's focus on cutting-edge technology resonates with my passion for innovation, as seen in my previous project on AI development.
I appreciate the strong emphasis on teamwork and collaboration, which I experienced during my internship where I thrived in a team-oriented environment.
...
(2 Questions)
- Q1. Take me through your CV
- Q2. Why do you want to join PwC
(1 Question)
- Q1. Take me through your cv
- Ans.
I have a diverse background in finance, with experience in investment banking, corporate finance, and financial analysis.
Worked as an investment banking analyst at Goldman Sachs for 2 years
Managed financial planning and analysis at a Fortune 500 company
Completed CFA certification in 2018
I applied via Campus Placement and was interviewed in Sep 2024. There was 1 interview round.
(2 Questions)
- Q1. Difference between queue and stack
- Q2. What is multithreading
Skills evaluated in this interview
I applied via Campus Placement
There were 45 questions to be solved in less than an hour, which included verbal and quantitative aptitude.
(1 Question)
- Q1. Explain about project and questions related to the project were asked
I appeared for an interview in Nov 2024.
(1 Question)
- Q1. Overview on form 1120 Accrued concept Depreciation concept
PwC Interview FAQs
The duration of PwC Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
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PwC Associate Reviews and Ratings
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Rating in categories
|
Senior Associate
20.2k
salaries
|  ₹12.7 L/yr - ₹25.4 L/yr |
|
Associate
15.6k
salaries
| ₹8.1 L/yr - ₹14.6 L/yr |
|
Manager
7.6k
salaries
| ₹22.5 L/yr - ₹41 L/yr |
|
Senior Consultant
5.1k
salaries
| ₹16 L/yr - ₹27 L/yr |
|
Associate2
4.9k
salaries
| ₹7.5 L/yr - ₹14 L/yr |
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