CA Interview query

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This discussion addresses a common CA interview question about the candidate's role in financial finalisation and how they start their workday. While general steps like checking compliance and accounting standards were suggested, the interviewer sought a more specific, step-by-step account of actions taken upon arriving at the office. The advice provided focuses on prioritising compliance, understanding accounting policies, and analysing variances against projections.

CA Parul Saxena

CA Parul Saxena (Querist)

23 February 2022 In an interview i was asked what is your role in finalization how you start your day...what should be the answer to this?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 February 2022 Start your day with checking compliance requirements.
1 Accounting policy of the company.
2 Applicable accounting standards.
3 Companies Act requirements.
4 Applicable formats.
5 Creation of liability.
6 Tax provisions.
7 Compare with projections and previous year statements. Analyse reasons for variance.
8 Provide for bad debts.
9 Events after the balance sheet date.

CA Parul Saxena

CA Parul Saxena (Querist)

24 February 2022 Thanks Sir...but this is general reply me too told the same but they asked exactly what you do you reach your office then what will you do?

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