MSKA & Associates
MSKA & Associates is a professional services firm based in India that provides various services such as audit and assurance, taxation, and advisory services to its clients. The company operates…
Deloitte Haskins & Sells LLP
Deloitte Haskins & Sells LLP is an Indian affiliate of the global professional services firm, Deloitte. It provides various services such as consulting, tax, and audit to its clients in…
EY GDS (Ernst & Young Global Delivery Services)
EY GDS (Ernst & Young Global Delivery Services) is an Indian subsidiary of the global professional services firm, EY. Products: It provides various services such as consulting, tax, and audit…
Wells Fargo
Wells Fargo is an American multinational financial services company that provides banking, investment, and mortgage products and services to consumers and businesses. Products: The company operates in the financial services…
Fullerton India Credit Company Limited
Fullerton India Credit Company Limited is a non-banking financial company (NBFC) in India that provides various financial products and services, including personal loans, business loans, and loans against property, among…
Caterpillar India Engineering Solutions Private Limited (CIESPL)
Caterpillar India Engineering Solutions Private Limited (CIESPL) is an Indian subsidiary of Caterpillar Inc., an American corporation that designs, manufactures, markets, and sells machinery and engines, including construction equipment, mining…
Britannia Industries Ltd
Britannia Industries Ltd is an Indian company that is primarily engaged in the production and distribution of packaged foods, including biscuits, bread, cakes, and dairy products. Products : The company…
Suresh Surana & Associates LLP
Suresh Surana & Associates LLP is a professional services firm based in India that provides audit, tax, advisory, and outsourcing services to clients in various industries. Products: As a professional…
ITC Limited
ITC Limited is a diversified Indian conglomerate that operates in various industries such as cigarettes, hotels, paperboards, packaging, and agri-business. Products : The company's main products include cigarettes and other…
Hindustan Coca Cola Beverages Private Limited (HCCB)
Hindustan Coca Cola Beverages Private Limited (HCCB) is an Indian subsidiary of The Coca-Cola Company, manufacturing and distributing a wide range of beverages, including carbonated soft drinks, juices, and mineral…
Atria Convergence Technologies Limited (ACT)
Atria Convergence Technologies Limited (ACT) is an Indian telecommunications company that provides high-speed internet services, digital television, and related services to residential and enterprise customers. Products : The company operates…
Anand Rathi Global Finance Limited
Anand Rathi Global Finance Limited is a financial services company that operates in the investment banking and capital markets industry. The company provides a range of services to its clients,…
Alstom Transport India Ltd
Alstom Transport India Ltd is a subsidiary of Alstom, a global leader in the railway transportation industry. The company is involved in the design, manufacture, and delivery of a wide…
Axxela Research & Analytics Pvt Ltd
Axxela Research & Analytics Pvt Ltd is a research and analytics company that provides market intelligence and strategic consulting services to clients in various industries. The company operates in the…
Walker, Chandiok & Co. LLP
Walker, Chandiok & Co. LLP is a professional services firm that provides accounting, tax, and advisory services. It operates in the accounting and professional services industry. The company provides a…
JSW Steel
JSW Steel is one of the largest steel producers in India and a leading player in the Indian steel industry. Products: The company's products include hot rolled coils, plates, cold…
Accenture
Accenture is a global professional services firm that provides a range of services and solutions, including strategy, consulting, digital, technology, and operations services. Industry:The company operates in the technology and…
Infosys Limited
Infosys Limited is an Indian multinational corporation that provides consulting, technology, and outsourcing services. Products: The company offers a wide range of products and services, including digital transformation, cloud computing,…
Manjushree Technopack Ltd
Manjushree Technopack Ltd is an Indian company that is primarily engaged in the manufacturing of flexible packaging solutions. The company offers a wide range of products, including laminated flexible packaging,…
S.R. Batliboi & Co. LLP
S.R. Batliboi & Co. LLP is a professional services firm that provides a wide range of services, including audit and assurance, tax, consulting, and financial advisory services. The firm operates…
Reliance Industries Limited (RIL)
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, India. The company operates in a wide range of industries, including petrochemicals, refining, oil and gas exploration,…
Vedanta Resources
Vedanta Resources is a global diversified natural resources company headquartered in London, United Kingdom. Products: The company is primarily engaged in the exploration and production of oil and gas, as…
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is a small finance bank in India that was established in 2016. The bank provides a range of financial products and services, including loans for small…
Welspun Transformation Services Limited
Welspun Transformation Services Limited is a subsidiary of Welspun Group, an Indian multinational conglomerate. The company is engaged in the manufacturing and supply of textiles, steel pipes, and home textiles.…
Yes Bank Limited
Yes Bank Limited is a private sector bank based in India. The bank offers a wide range of banking and financial services to its customers, including corporate banking, retail banking,…
KRIBHCO
Krishak Bharati Cooperative Limited, is a cooperative society based in India. The society is primarily engaged in the production and marketing of fertilizers. Products: KRIBHCO produces and sells a variety…
Adani Group
Adani Group is a diversified conglomerate based in India. The group has interests in various industries, including ports, logistics, agribusiness, energy, real estate, financial services, and defense. Products: Adani Group…
PRICEWATERHOUSECOOPERS SERVICE DELIVERY CENTER (KOLKATA) PRIVATE LIMITED
PricewaterhouseCoopers (PwC) Service Delivery Center (Kolkata) Private Limited is a subsidiary of PricewaterhouseCoopers (PwC), one of the largest professional services firms in the world. PwC provides a wide range of…
HDFC BANK
HDFC Bank Limited is one of the largest private sector banks in India and is headquartered in Mumbai. The bank offers a wide range of financial products and services to…
Suryoday Small Finance Bank Limited
Suryoday Small Finance Bank Limited is a small finance bank in India that offers a range of banking and financial services to its customers. The bank was established in 2008…
If you are made the CFO of this Company for 1 day, what changes will you make?
If I'm a CFO for just a day, it would probably not be wise to make too many changes. You're more likely to break things that are working rather than…
Crypto currencies – the future or a fad?
Crypto currencies are a relatively new and rapidly evolving technology, and their future is difficult to predict with certainty. However, it is worth noting that crypto currencies have already shown…
Metaverse – the future or a fad?
The concept of a "metaverse" - a virtual world where people can interact with each other and digital objects in a fully immersive way - has gained significant attention in…
The impact of inflation on the Indian economy
Here are some potential impacts of inflation on the Indian economy: Reduced purchasing power: High inflation can lead to a decline in the purchasing power of Indian consumers, as the…
What is brain drain and how does it affect the economy?
Brain drain refers to the emigration or outflow of highly skilled and talented individuals, particularly from developing countries to developed countries, in search of better job opportunities, higher salaries, and…
How is falling rupee impacting indian economy?
Here's how the depreciation of the Indian rupee against the US dollar can impact the Indian economy: 1. Export competitiveness: A depreciation of the Indian rupee against the US dollar…
Which is more important hard work or smart work?
Both hard work and smart work are important, and it's difficult to say which is more important overall as it depends on the specific situation and context. Hard work refers…
Which is more important Creativity or knowledge?
Both creativity and knowledge are important, and it's difficult to say which is more important overall as it depends on the specific situation and context. On one hand, knowledge provides…
How important is a CA for the success of a business?
Chartered Accountants (CAs) are highly trained financial professionals who play a crucial role in the success of businesses. Here are some key reasons why having a Chartered Accountant can be…
Which is most important health, education or food?
It is difficult to say which of these three is the most important as they are all essential to a person's well-being and development. Here is a brief explanation of…
Is privatization of railway is good for India?
The debate on the privatization of the Indian railway system is a complex and controversial issue with arguments on both sides. Advocates of privatization argue that it can lead to…
How can we prevent next pandemic?
Preventing the next pandemic requires a multi-disciplinary and global approach that involves multiple stakeholders including governments, public health organizations, academic institutions, and the private sector. Here are some key steps…
Is brand presence more important than goods and services?
Brand presence and goods/services are both important factors in the success of a business. It is not a matter of one being more important than the other, as both play…
What are the effect of mergers of PSU banks?
The merger of Public Sector Undertaking (PSU) banks can have several effects on the banking sector, employees, customers, and the economy as a whole. Here are some of the key…
Will automation reduce or increase jobs?
The impact of automation on the job market is a complex issue and can vary depending on the industry, the types of jobs being automated, and the overall state of…
Discuss Moonlighting?
Moonlighting refers to working a second job outside of one's regular full-time employment. This can be done for various reasons, including the desire to earn additional income, to gain experience…
Impact of plastic ban in economy and environment?
The impact of plastic ban on the economy and environment can be both positive and negative. Here are some of the key effects: Positive effects on the environment: 1.Reduction in…
What are the pros and cons of E-learning?
E-learning, or online learning, is a form of education that is delivered electronically over the internet. Here are some of the pros and cons of e-learning: Pros: 1.Convenience: E-learning offers…
How can we manage the disasters?
Disasters can have a devastating impact on communities, causing loss of life, property damage, and disruptions to daily life. Effective disaster management can help to minimize the negative effects of…
What are the challenges to the indian banking sector?
The Indian banking sector faces several challenges, including: 1.Non-performing assets (NPAs): One of the major challenges faced by the Indian banking sector is the high level of NPAs, which have…
Is the E-commerce discounts are harmful in long run?
E-commerce discounts can have both short-term and long-term effects on a business. In the short-term, discounts can be an effective tool for attracting customers, increasing sales, and boosting brand recognition.…
What will be the effect of banning chinese apps in India?
The effect of banning Chinese apps in India would depend on various factors such as the specific apps banned, the reason for the ban, and the duration of the ban.…
Impact of Russia Ukraine war on other Countries?
The conflict between Russia and Ukraine, which began in 2014, has had significant impacts on other countries as well. The war has increased tensions between Russia and the West, leading…
Impact of Tech layoffs on Individual and Society?
The impact of tech layoffs on individuals and society can be significant and far-reaching. For affected individuals, tech layoffs can lead to job loss and financial hardship. This can cause…
Impact of Technology on jobs.
The impact of technology on jobs has been a widely discussed topic in recent years. Overall, the rise of technology has had both positive and negative effects on employment. On…
Which is more important Ethics or profit?
The relationship between ethics and profit is a complex and multifaceted one, and there is ongoing debate among experts and the general public about which is more important. From one…
What are your hobbies? What extracurriculars are you interested in?
Do not mention hobbies such as "watching movies", "listening to music". This is an opportunity for you to show your interests outside of studying. Acceptable responses Reading Books Travelling Any…
What are your long term goals? What is your 5-year plan? Where do you see yourself 5 years from now?
This is one of the most joked about HR questions - obviously you don't know where you'll be. The interviewer also would not have known 5 years back that this…
Tell me about yourself
How to answer "Tell me something about yourself" Specifically for CA freshers This is the most famous interview question that will be asked in each and every interview that you…
If there is the factory and there is the fire in that factory and the machine was rendered un-useable and then we sold the machine for scrap, 100,000 was the original value and 50,000 was the written down value showing on the books and the scrap value is 10,000 and from insurance company we were able to recover 30,000, and we purchase another machine to replace the machine for 100,000. How to record the transaction?
Note: This is assuming all transactions are in the same period. If Fire is in Year 1 and Recovery is in Year 2, impairment will be done in Year 1…
How much dividend should we declare? Is there an alternative?
Dividend should be declared based on future needs of the organisation. If the company has positive NPV projects available do not declare dividend, else do. Alternatives to distribution of dividend:…
Suppose we issued equity to purchase a machinery, how will it be affecting cash flow statement for the entire year?
Ther will be no direct impact in cash flow statement either in Investing activity or financing activity as there is no cash flow. However the tax sheid on depreciation which…
Difference between research and development?
Research is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding. Development is the application of research findings or other knowledge to…
Keys to effective controllership
It’s not enough to simply know the financial controller role. There are clear ways to be more efficient and effective in this position, and to move from simple data processing…
Controller vs CFO
This is another interesting dynamic. In smaller finance teams, the controller and CFO may even be the same person.The CFO is both the leader of the finance team and a…
Controlling vs accounting
The controller is intricately involved in the company accounting process. And in many cases, they will do a lot of accounting day to day. But in larger finance teams, there’s…
What does a Financial Controller do?
The FC is a senior leader in the finance team. For this reason, it’s usually expected that job applications show significant experience in accounting and tax issues, plus the ability…
What is a Controller in Finance? OR What is Finance Controller?
A financial controller essentially is a company’s lead accountant. They oversee accounting activities and ensure that ledgers accurately reflect money coming in and out of the company. Strategic controllers also…
Difference between broad money and narrow money?
The term "narrow money" typically covers the most liquid forms of money, i.e. currency (banknotes and coins) as well as bank-account balances that can immediately be converted into currency or…
What SLR, CRR, REPO, Reverse Repo and rates?
CRR is a reserve maintained by banks with the RBI. It is a percentage of the banks' deposits maintained in cash form. SLR is an obligatory reserve that commercial banks…
What is the substantial period under Ins As for capitalizing borrowing cost w.r.t qualifying assets?
Generally, a period of 12 months is considered as a substantial period unless a shorter or longer period can be justified based on facts and circumstances of the case. Borrowing…
IND AS 16 : What is the concept of Component accounting as per Ind AS 16 ? Why Component Accounting is used ?
Each major part of an item of PPE with cost being significant in relation to total cost of the item, should be depreciated separately, even though it may not have…
Ind AS 16 : What is the Deemed cost exemption as per Ind AS 16?
As per Ind AS 101, the deemed cost exemption is applicable to PPE as defined under Ind AS 16 and recognised as Fixed Assets in the financial statements at the…
Ind AS 40 : Definition of Investment property?
IAS 40 permits treatment of property interest held in an operating lease as investment property, if the definition of investment property is otherwise met and fair value model is applied.…
IND AS 19 (Employee Benefit) ?
The Indian Accounting Standard (Ind AS) 19 aims to prescribe accounting and disclosure for employee benefits. It requires recognition of the liability by an entity when an employee provides services…
Ind As 102 ( share based payment ) : how you will record share based payment in books, what other implications of shared based payment would be possible?
• Detailed guidance available for accounting and disclosures of equity-settled and cash-settled transactions in Ind AS 102 • Ind AS 102 also covers share based payment transactions with non-employees as…
How can a company inflate sales?
Sales to Related Parties Sale to fictitious entities Prepone booking of sales Recording Sales gross of massive discounts, and recording the discount as expense Sales done to uninterested parties asking…
What is window dressing?
What is Window Dressing? Window dressing is actions taken to improve the appearance of a company's financial statements. Window dressing is particularly common when a business has a large number…
IPO AND BOOK BUILDING PROCESS
An initial public offering (IPO) is the first time that the stock of a private company is offered to the public. (HDFC Standard life Insurance) (Biggest IPO – COAL INDIA…
Explain CSR in depth as per companies act.
Corporate Social Responsibility (CSR) implies a concept, whereby companies decide voluntarily to contribute to a better society and a cleaner environment – a concept, whereby the companies integrate social and…
Effect of change in valuation of inventory from FIFO to weighted average in an inflationary environment?
Let’s assume three months, the goods were purchased in January of rupees 5 and February of rupees 10, in March it was all sold. Suppose we are following FIFO and…
Difference between EBITDA and cash flow from operation?
The main difference between EBITDA and cash flow from operation is working capital changes and taxes. In EBITDA, it is before tax and in cash flow from operations, it is…
What all items are added in inventory cost?
Cost of Inventory includes:The costs of purchase of inventories include: 1. Cost of purchase 2. Cost of conversion 3. Other cost to bring the inventory to the present location and…
Suppose the machine is destroyed in fire but the insurance exists, so what should be the treatment for the same?
Treatment in Final accounts: (i) Loss of goods due to fire, the theft or accident is known as an abnormal loss of goods. If such goods were insured by the…
What is related party as per various laws? – Companies Act, Ind AS, GST, Income Tax
As per 2(76) of Companies Act: a. a director or his relative; b. a key managerial personnel or his relative; c. a firm, in which a director, manager or his…
What is segment reporting criteria?
An operating segment is a component of an entity: (a) that engages in business activities from which it may earn revenues and incur expenses (b) whose operating results are regularly…
What is AGR dues in telecom?
Adjusted Gross Revenue (AGR) is the usage and licensing fee that telecom operators are charged by the Department of Telecommunications (DoT). It is divided into spectrum usage charges and licensing…
How is a firm valued?
Financial analysts can evaluate a corporation in a variety of ways. The discounted cash flow (DCF) approach and the relative valuation method are the two most popular methods of valuation.…
How to calculate DCF
We take cash flows for each year and discount them with either cost of equity or WACC depending upon which cash flows we are using.
What is DCF and why do we calculate DCF?
A discounted cash flow (DCF) is a valuation method used to estimate the attractiveness of an investment opportunity. DCF analysis uses future free cash flow projections and discounts them to…
What is payback period and discounted payback period?
The payback period is the length of time required to recover the cost of an investment. The payback period of a given investment or project is an important determinant of…
How to evaluate investment in the concept of capital budgeting?
The most common capital investment evaluation tools are the Payback Period (PP), Return on Investment (ROI), Net Present Value (NPR), and Internal Rate of Return (IRR). Each method can provide…
Techniques of capital budgeting?
• Payback Period. • Discounted Payback Period. • Net Present Value • Internal Rate of Return.
What is Capital budgeting? Give an example of a capital budgeting decision.
Capital budgeting is the process a business undertakes to evaluate potential major projects or investments. Construction of a new plant or a big investment in an outside venture are examples…
What is securitization?
Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming it (or them) into a security. Securitization is the financial practice of…
What is loan syndication?
Loan syndication is the process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large…
WHAT IS THE DIFFERENCE BETWEEN NPV AND XNPV in Excel?
NPV assumes that the cash flows come in equal time intervals. XNPV assumes that the cash flows don’t come in equal time intervals.
Explain NPV and IRR and how do you calculate the same?
Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to analyse the…
What is minority interest?
Ind AS 110 defines Non Controlling Interest (earlier called Minority Interest) - NCI is Equity in a subsidiary not attributable, directly or indirectly, to a parent. Minority Interest also referred…
Slightly positive NPV question
Q If the project’s initial investment is of 100 crores and NPV of the same is ₹10 lakhs, will you go for the project or not? Suppose I am getting…