Part 1

1. All accounting concepts and conventions purpose of it

(All concepts are important for HR round) very IMP
2. Define the following (give examples and accounting treatment) revenue expenditure and deferred revenue
expenditure and capital expenditure (very IMP)
3. Pvt. ltd company, public ltd company, preferred shares and equity shares, share premium, discount on issue
of shares articles of association and memorandum of association objectives of these (very imp)
4. Define subsidiary and holding company, minority interest and primary market, secondary market, treatment
of minority interest (very imp)
5. What is stock exchange and give examples of (us stock exchanges names) (very imp) what is SEBI and its
functions
6. Define depreciation, depletion and amortization and methods for calculating deprecation (very imp)
7. Define provision, reserves, capital reserves and revenue reserve (accounting treatment) (imp)
8. Inventory valuation methods, primary steps for material valuation (very imp)
9. Define good will and its valuation methods (very imp)
10. Explain dividend, interim dividend and final dividend
11. Define debentures and bonus shares, rights issue
12. Total cash flow statement (difference between C.F.S AND FFS) (very imp)
13. Explain marginal costing, margin of safety, BEP, variable cost semi variable cost and fixed cost (imp)
14. Define operating costing, absorption costing and opportunity cost
15. Differnce between partnership and joint venture, revenue and income, accrued income and outstanding
income, debtor and creditors consignment, consignee, consignor (imp)
16, what are nonrecurring items in Pl a/c and noncash expenditure in Pl a/c (very imp)
17. Outstanding salaries entry and posting
18. Journal entries if the following line items are given as adjustment in balance sheet and p l a/c fire accident
of inventory
Case 1. No insurance coverage
Case 2.partly insurance coverage
Case 3. Fully insurance coverage
19. Total formulas of ratio analysis and its applications (net equity, yield, payout, PE ratio are very imp)
20. Define amalgamation and absorptions and reconstructions, methods for accounting treatment (very imp)
21. Schedule 6th balance sheet and income statement format (miscellaneous exp disclosure in it)
22. Define capital profit and revenue profit
23. What are the duties of financial manager?
24. Define internal audit and statutory audit, tax audit
25. Define mutual funds (very imp)
26. Deference between trade discount and cash discount
27. Difference between capital lease and financial lease (it is better to give one glance on AS-19) (for definitions
only)
28. What is BRS?

29. Define ADR and GDR (very imp)

30. Do the preference share holders have the voting rights?
31. What are the extraordinary income and items?
32. Investments (short and long term)
33. What is the meaning of derivatives (very very very imp)
34. Difference between the SENCEX AND NIFTY
35. Valuation methods of shares
36. Nonperforming assets (NPA) (very imp)
37. Difference between Tangible & Intangible asset (very Imp)
38. Difference between fictitious & non- fictitious asset (very imp)
39. Difference between tangible & intangible & fictitious & non-fictitious asset (very very imp)

Part 2:
1. Minority Interest means
2. Stock turnover ratio
3. Call in advance shown in the balance sheet as part of the capital, reserve, current liability
4. One of the basic accounting concepts
5. Marginal profit
6. IRR
7. Contingent liability shown in balance sheet under which head.
8. Cash flow shows the company's as worth
9. Dividend should be paid to the shareholders every year even a small amount
a. true
b. false
10. Cost reduction means
11. What is BEP?
12. What is cost control?
13. What is fictitious asset?
14. What is amortization?
15. Why should we provide depreciation?
16. What is a free reserve?
17. one of the method of depreciation,
18. difference between intangible and fictitious assets,
19. cash flows purpose,
20. asset write down and depreciation difference
21. is in India it is mandatory of preparing cash flow,
22. marginal cost means,
23. operating profit means,

24. normal earnings means,

25. goodwill impairment means
26. difference between cost control and cost reduction,
27. BEP MEANS,
28. differed revenue expenditure means,
29. miscellaneous expenditure unwritten off amt shown in...., mortgage means,
30. lease and agreement difference
31. acquisition and merger difference,
32. Capital structure contains of......,
33. Capital budgeting is the method for finding.....,
34. EPS MEANS,
35. P/V RATIO MEANS,
36. one of the method of depreciation,
37. difference between intangible and factious assets,
38. cash flows purpose,
39. asset write down and depreciation difference
40. is in India it is mandatory of preparing cash flow,
41. marginal cost means,
42. operating profit means,
43. normal earnings means,
44. goodwill impairment means
45. difference between cost control and cost reduction,
46. BEP MEANS,
47. deferred revenue expenditure means,
48. miscellaneous expenditure unwritten off amt shown in...., mortgage means,
49. lease and agreement difference
50. Acquisition and merger difference, capital structure contains of......,
51. capital budgeting is the method for finding.....,EPS MEANS,P/V RATIO MEANS,
52. Difference between financial statement and consolidated financial statement.
53. Difference between filing date and confirmed period
54. Whether accession number is available to all companies which we process
55. Do you mean director as the board member in US?
56. Who are the controlling authorities in trust?
57. Is there any rule that only independent directors should be there in the board.
58. What is the difference between board and a committee
59. What is the maximum number of committees a board should have? Specify the number?
60. What is the difference between director and director proxy?
61. Is it compulsory to follow GAPS for all US companies

62. Difference between board meeting, general meeting, committee meeting.

63. Is there chance of officer being director or vice versa
64. If there are any changes in policies will it be disclosed or not in the annual reports.
65. Whether a CPA registered in one state of US can practice all over the country.
66. Is there any compulsion that all the persons who have been stated as officers and directors in the
document should sign the document?
67. Difference between ownership and management of the company.
68. Difference between equity and preference shares.
69. Does a banker sing the annual report?
70. Sort out the difference between board of trustees and board of directors.
71. What is synergy?
72. What is siphoning of funds?
73. What are the various types of issues available for a company?
74. Difference between technical collaboration and financial collaboration?
75. What is meant by portfolio management?
76. What is meant by liability and contingent liability?
77. What is the difference between indemnity and guarantee?
78. What is meant by deemed interest in terms of management?
79. Do you think increase in turnover increases profit?
80. Whether litigations will be disclosed in annual report?
81. Difference between executive and non executive directors?
82. Do you think chairman of the meeting will be the chairman of the board?
83. Can a company be portfolio manager?
84. Can you say the important difference regarding period between def14a and 10k
85. What is public float?
86. Same members who are in board are also members in committees .The question is if the board meeting is
held will it be treated as committee meeting being held?
87. Monopoly is perse prohibited in India and whether the law is same in US.
88. Can you say the difference between a share and a stock?
89. What is difference between prospective and retrospective effect
90. Do you think each and every persons salary will be disclosed in annual report?
91. What are material transactions?
92. Difference between broker and an underwriter?
93. Difference between hedging and swapping?
94. What is loan syndication
95. Difference between growth and sustained growth
96. Difference between expansion and diversification

97. Difference between infringement and encroachment.

98. Difference between merger and reverse merger.
99. Difference between horizontal and vertical takeover.
100. Special business and ordinary business
101. Difference between primary markets and secondary markets.
102. Difference between ADR and GDR.
103. Difference between investor and Institutional investor.
104. Difference between bull and a bear.
105. Indian company and a foreign company
106. Closely held and widely held company.
107. Whether a preference shareholder is entitled to notice.
108. Is there any concept of irredeemable preference shares?
109.

Difference between society and cooperative society

110. Difference between debit note and credit note.

111. Difference between organized and unorganized sectors
112. What is opportunity cost of capital?
113. Cash budgeting and cash rationing
114. Micro and macro economics
115. Capital and revenue expenditure.
116. Expenditure and deferred expenditure.
117. Rights issue and bonus issue.
118. Difference between insurance and reinsurance
119. What is collective bargaining?
120. Do you think all matters require approval of security holders?
121. Difference between owners and beneficial owners
122. What are doubtful accounts
123. If a company has both co principal executive officers who should sign?
124. A company does not have a CEO/CFO then who should sign as CEO/CFO?
125. If the same individual is a CEO/CFO whether he should sign twice?
126. A CEO resigned at the end of the quarter. Before filing new CEO was appointed who should sign the report?
127. The officer signs the report without specifying his designation then how readers of the document will know
his designation?
128. Certifications part of certain document was not filed with the original document by the company.
Then is it enough that if the company files only that paper relating to certification?