Common Chartered Accountant Interview Questions and Answers for Freshers
Author: Chaitali Ray Chaudhuri (Datta) Post Date: 10 Jan 2024
Apart from some general questions about yourself, here are some examples of in-depth subject-related questions that a fresher may face during the chartered accountant interview:
1. What is the difference between cash-basis and accrual-basis accounting?
2. What should the roles and responsibilities of a CA be in an organization?
3. Explain inflation and how to measure it.
4. How to ensure compliance with GAAP or IFRS?
5. Explain the first in first out method.
6. What is meant by petty cash?
7. What is the difference between SLR and CRR?
8. What is meant by a balance sheet?
9. How to manage and motivate as well to achieve a financial goal?
10. what is the difference between a forecast and a ledge?
11. What is trading?
12. What is the role of a CA in the detection and prevention of fraud within an organization?
13. What is a profit and loss account?
14. What is cost accounting?
15. What is the impact of coronavirus on the Indian economy?
16. What is a triple balance sheet?
17. What is a ledger?
18. What is deferred tax and its impact on financial reporting?
19. How will you be updated on changes in tax laws and regulations?
20. What is the role of a CA in an organization?
21. Being a CA of an organization, how will you prepare your company for an audit?
22. How will you combine the latest technology with accounting?
23. How will you deal with discrepancies observed during reconciliation processes?
24. Which software are you proficient in to complete your accounting jobs?
25. How will you budget and forecast our organization?
As you are a fresher, you need to focus on general questions about the responsibility a CA should have in an organization. Don't panic, though.
Best of luck!
Apart from some general questions about yourself, here are some examples of in-depth subject-related questions that a fresher may face during the chartered accountant interview:
1. What is the difference between cash-basis and accrual-basis accounting?
2. What should the roles and responsibilities of a CA be in an organization?
3. Explain inflation and how to measure it.
4. How to ensure compliance with GAAP or IFRS?
5. Explain the first in first out method.
6. What is meant by petty cash?
7. What is the difference between SLR and CRR?
8. What is meant by a balance sheet?
9. How to manage and motivate as well to achieve a financial goal?
10. what is the difference between a forecast and a ledge?
11. What is trading?
12. What is the role of a CA in the detection and prevention of fraud within an organization?
13. What is a profit and loss account?
14. What is cost accounting?
15. What is the impact of coronavirus on the Indian economy?
16. What is a triple balance sheet?
17. What is a ledger?
18. What is deferred tax and its impact on financial reporting?
19. How will you be updated on changes in tax laws and regulations?
20. What is the role of a CA in an organization?
21. Being a CA of an organization, how will you prepare your company for an audit?
22. How will you combine the latest technology with accounting?
23. How will you deal with discrepancies observed during reconciliation processes?
24. Which software are you proficient in to complete your accounting jobs?
25. How will you budget and forecast our organization?
As you are a fresher, you need to focus on general questions about the responsibility a CA should have in an organization. Don't panic, though.
Best of luck!
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