DELOITTE INDIA – Questions

Submit handwritten answers to the following questions:

1. Golden Rule of Accounting and Modern rule of accounting

2. Accounting concepts and Conventions
3. Accrual basis of accounting
4. Drawing
5. Fixed vs Current assets
6. Fictitious assets
7. Bill Receivable and Bill Payable
8. Current Liabilities and Contingent liabilities
9. Double enter System and Single entry system
10. Depreciation Vs. Amortization.
11. Methods of Depreciation
12. Amortization vs. Write off
13. Revenue vs. Capital Expenditure vs Deferred Revenue Expenditure
14. Fixed and Variable cost
15. Accrued Income
16. Accounting Equation
17. Trade Vs. Cash Discount
18. Types of Journals ( ex: Subsidiary books)
19. Trail Balance
20. Bank Reconciliation statement
21. Rectification of Error and Types of Error
22. Bad Debt
23. Debtor Vs. Creditors
24. Liquidity Vs. Solvency
25. Comparative vs. Common Size financial statement
26. Working Capital and COGS
27. Gross Vs. Net Working Capital
28. IRR (internal Rate of Return) and NPV
29. ROI
30. Capital employed
31. IPO
32. Fixed Income Securities
33. Variable Income securities
34. Difference between Fixed and Variable cost.
35. Opportunity Cost
36. Transfer Pricing
37. What is buyout...? Leverage and management?
38. Do we add or subtract depreciation in cash flow? Give reason...?
39. Is depreciation a source of fund or expense? Justify
40. Difference between debt and equity...?
41. What are big 4
42. Various types of ratio
43. What is private equity?
44. What is CAPM
45. Difference b/w Merger and Acquisition
46. What is Inflation accounting
47. Cost of Equity and Cost of Debt
48. Weighted Avg. cost of capital
49. Private Equity
50. FCFF Vs. FCFE
51. DCF
52. Dividend discount models
53. Questions more on the derivatives instruments such as futures swaps default risk swap asset
management financial spread etc.
54. How can you avoid a hostile takeover?
55. What is debit and credit from the banks point of view?
56. What is capital market?
57. What is account payable?
58. What is the types of assets?
59. What items of information do you need before you can approve an invoice for payment? -
60. Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.
61. What is FBT (Fringe Benefit Tax)??
62. What is debit and credit from the customer point of view?
63. How a PO (Purchase order) is created?
64. What is a IFRS?
65. What is the difference between billable and non-billable expenses?
66. What is Merger? What is Acquisition? What are motive behind mergers and acquisitions? Tell me
about a destination you have visited or would like to go to.
67. EBITA and Operating income
68. what is the difference between a holding company and a parent company?
69. What is the entry for Discount Received? &What is the entry for discount paid?
70. In case of an acquisition, what would you consider - the equity value or the enterprise value?
71. Can a company have negative enterprise value?
72. If I give you the FCFF, how would you go about calculation the FCFE?
73. What discount rates will you go about using?
74. Systematic and unsystematic risk
75. I hope you are familiar with beta. Will you throw some light on how you will proceed to calculate
the beta?
76. How the value of goodwill calculated?
77. Methods of calculation of goodwiil
78. IPR and their accounting treatment
79. Appropriation?
80. Why stock can’t be depreciated?
81. How do you book a letter of credit in your books?
82. CRR, Inflation effect on repo rate, CAPM, Turnover Ratio, P&L Account, cost of reduction method,
How to control inflation, How you will identify manufacturing company based on balance sheet
and P&L account, Fixed and Variable cost, How you can plan the tender and what is the
process?, opportunity cost, Bank Rate, Repo Rate and Reverse Repo