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PwC Senior Associate 1 Interview Questions and Answers
15 Interview questions
Depreciation allocates asset costs over time; amortization does the same for intangible assets.
Depreciation applies to tangible assets like machinery and vehicles.
Amortization applies to intangible assets like patents and copyrights.
Example of depreciation: A company buys a truck for $30,000 and depreciates it over 5 years.
Example of amortization: A company pays $50,000 for a patent and amortizes it over 10 years.
Testing investment, capital, and revenue involves analyzing financial metrics and performance indicators to ensure sound financial health.
Conduct a financial analysis to assess return on investment (ROI). For example, calculate ROI by dividing net profit by total investment.
Perform a break-even analysis to determine when an investment will start generating profit. This helps in understanding capital efficiency.
Use...
Financial statements summarize a company's financial performance and position, crucial for stakeholders' decision-making.
Income Statement: Shows revenues, expenses, and profits over a specific period. Example: A company reports $1M in revenue and $700K in expenses, resulting in a $300K profit.
Balance Sheet: Provides a snapshot of assets, liabilities, and equity at a specific date. Example: A company has $500K in a...
A Kanban board in React helps visualize tasks and their statuses, enhancing project management and workflow efficiency.
Component Structure: Create components for the Kanban board, such as Board, Column, and Card, to manage tasks effectively.
State Management: Use React's useState or useReducer hooks to manage the state of tasks and their statuses across columns.
Drag and Drop: Implement drag-and-drop functionality u...
What people are saying about PwC
I have 3 years of experience in manual testing, including creating test cases, executing tests, and reporting defects.
Experience in creating test cases based on requirements
Executing test cases manually to identify defects
Reporting defects and working with developers to resolve issues
Experience in regression testing and smoke testing
Knowledge of testing tools like Jira and TestRail
The Calculate function in Power BI can use up to 2 filter conditions.
The Calculate function can have a maximum of 2 filter conditions specified within it.
Filter conditions can be used to modify the context in which calculations are performed.
For example, Calculate(SUM(Sales), ProductCategory = 'Electronics', Year = 2021) uses 2 filter conditions.
There are three main types of filters in Power BI: visual-level filters, page-level filters, and report-level filters.
Visual-level filters apply only to the specific visual they are set on
Page-level filters apply to all visuals on a specific page
Report-level filters apply to all visuals in the entire report
My expectation is to contribute effectively to the team, learn and grow professionally, and eventually progress to a higher role.
Contribute effectively to the team by sharing knowledge and skills
Learn and grow professionally through training and mentorship
Progress to a higher role by consistently delivering high-quality work
Consultants in banking provide expert advice and solutions to financial institutions to improve their operations and achieve their goals.
Consultants analyze banking processes and identify areas for improvement.
They develop strategies and recommendations to optimize efficiency and reduce costs.
Consultants assist in implementing new technologies and systems to enhance banking operations.
They provide guidance on regu...
M3 of the 1065 refers to the third member's capital account in a partnership tax return form.
M3 is a section in Form 1065 where the partnership reports the tax basis capital accounts of its partners.
It includes adjustments for income, deductions, contributions, distributions, and other items that affect the partners' tax basis.
The M3 schedule reconciles the partners' capital accounts from the beginning to the end ...
PwC Senior Associate 1 Interview Experiences
16 interviews found
Suvadeep Basu
(2 Questions)
- Q1. How many types of filters are there in Power BI
- Ans.
There are three main types of filters in Power BI: visual-level filters, page-level filters, and report-level filters.
Visual-level filters apply only to the specific visual they are set on
Page-level filters apply to all visuals on a specific page
Report-level filters apply to all visuals in the entire report
- Q2. How many filter conditions can be used in Calculate function
- Ans.
The Calculate function in Power BI can use up to 2 filter conditions.
The Calculate function can have a maximum of 2 filter conditions specified within it.
Filter conditions can be used to modify the context in which calculations are performed.
For example, Calculate(SUM(Sales), ProductCategory = 'Electronics', Year = 2021) uses 2 filter conditions.
(1 Question)
- Q1. What is you expectation
- Ans.
My expectation is to contribute effectively to the team, learn and grow professionally, and eventually progress to a higher role.
Contribute effectively to the team by sharing knowledge and skills
Learn and grow professionally through training and mentorship
Progress to a higher role by consistently delivering high-quality work
Skills evaluated in this interview
I was asked to code and implement solution.
(2 Questions)
- Q1. What do u know about dcf
- Ans.
DCF, or Discounted Cash Flow, is a financial valuation method used to estimate the value of an investment based on its expected future cash flows.
Present Value Calculation: DCF calculates the present value of expected future cash flows, discounting them back to their value today using a discount rate.
Cash Flow Projections: It requires detailed projections of future cash flows, which can be based on historical data and ...
- Q2. Question to solve a OPM and make breakpoints
Interview Preparation Tips
Selected
I appeared for an interview before May 2024, where I was asked the following questions.
- Q1. Questions related to audit terms, control testing and substantive testing.
- Q2. Candidates can also be asked about the approach of dealing with control deficiencies and material misstatements
Selected
I applied via Approached by Company and was interviewed in Sep 2023. There were 2 interview rounds.
(1 Question)
- Q1. What are audit assertions, audit opinions, test of details and teat of controls
(1 Question)
- Q1. They will discuss ctc. Will try their best to low ball you.
Interview Preparation Tips
- Audit assertions
- Audit Report
- Ind as 115
- Substantive tests
- Test of controls
CA Ankita Baid
(2 Questions)
- Q1. Tell me about yourself?
- Q2. Cut off procedures
(1 Question)
- Q1. Basic questions
(2 Questions)
- Q1. PPO questions asked
- Q2. PPO questions asked on 2nd
Interview Preparation Tips
I applied via Recruitment Consulltant and was interviewed in Jan 2024. There was 1 interview round.
(1 Question)
- Q1. Explain consultant role in Banking
- Ans.
Consultants in banking provide expert advice and solutions to financial institutions to improve their operations and achieve their goals.
Consultants analyze banking processes and identify areas for improvement.
They develop strategies and recommendations to optimize efficiency and reduce costs.
Consultants assist in implementing new technologies and systems to enhance banking operations.
They provide guidance on regulator...
It was not very different from other interviews
(1 Question)
- Q1. Explain the structure of M3 of the 1065
- Ans.
M3 of the 1065 refers to the third member's capital account in a partnership tax return form.
M3 is a section in Form 1065 where the partnership reports the tax basis capital accounts of its partners.
It includes adjustments for income, deductions, contributions, distributions, and other items that affect the partners' tax basis.
The M3 schedule reconciles the partners' capital accounts from the beginning to the end of th...
Selected
I appeared for an interview before Jun 2024, where I was asked the following questions.
- Q1. Previous experience ( to understand what you have learnt
- Ans.
My previous experience has equipped me with valuable skills in project management, teamwork, and problem-solving in diverse environments.
Led a team of 5 in a project that improved operational efficiency by 20%.
Implemented a new software tool that reduced reporting time by 30%.
Collaborated with cross-functional teams to enhance product features based on user feedback.
Conducted training sessions for new hires, improving ...
- Q2. Audit observation made
- Q3. Difference between Depreciation and Amortization
- Ans.
Depreciation allocates asset costs over time; amortization does the same for intangible assets.
Depreciation applies to tangible assets like machinery and vehicles.
Amortization applies to intangible assets like patents and copyrights.
Example of depreciation: A company buys a truck for $30,000 and depreciates it over 5 years.
Example of amortization: A company pays $50,000 for a patent and amortizes it over 10 years.
- Q4. How to test investment , capital , revenue
- Ans.
Testing investment, capital, and revenue involves analyzing financial metrics and performance indicators to ensure sound financial health.
Conduct a financial analysis to assess return on investment (ROI). For example, calculate ROI by dividing net profit by total investment.
Perform a break-even analysis to determine when an investment will start generating profit. This helps in understanding capital efficiency.
Use reve...
- Q5. Major highlights of financial statement
- Ans.
Financial statements summarize a company's financial performance and position, crucial for stakeholders' decision-making.
Income Statement: Shows revenues, expenses, and profits over a specific period. Example: A company reports $1M in revenue and $700K in expenses, resulting in a $300K profit.
Balance Sheet: Provides a snapshot of assets, liabilities, and equity at a specific date. Example: A company has $500K in assets...
PwC Interview FAQs
The duration of PwC Senior Associate 1 interview process can vary, but typically it takes about less than 2 weeks to complete.
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PwC Senior Associate 1 Reviews and Ratings
based on 94 reviews
Rating in categories
|
Senior Associate
18.5k
salaries
|  ₹7.3 L/yr - ₹31 L/yr |
|
Associate
14.9k
salaries
| ₹5 L/yr - ₹18.6 L/yr |
|
Manager
7.4k
salaries
| ₹14 L/yr - ₹45 L/yr |
|
Senior Consultant
4.9k
salaries
| ₹9.1 L/yr - ₹33 L/yr |
|
Associate2
4.6k
salaries
| ₹4.8 L/yr - ₹16.5 L/yr |
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