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Hi Selina,
Firstly, I would like to thank Coco for my reference check. Now after a long wait I have joined Ernst & Young as an entry level Tax Analyst.
After graduating in 2009 I was finding it difficult to locate a good job in Australia. So I continued working in Retail, but whenever I got an opportunity to learn something new, just grabbed it. During these years I managed to join ITP(Income Tax Professionals) Tax training School for Tax consultant training, even though that was on personal taxation it has made it easy for me to understand the procedure followed for partnership and private-equity, this was early 2010. I did not continue with ITP as tax was seasonal work and I wanted something more permanent. Then kept applying for jobs but no response from the employers. I was almost giving-up on hopes, then i came across Florian's Assistant Accountant Training program but couldn't join straight away as i had no money. After 4 or 5 months i went back and joined Florian Training program in January 2011, and then I decided to come back to India and try for jobs. I then had thoughts that i have again wasted my money doing the training with Florian, but I was so wrong as that knowledge helped me with my SAP FICO training(again thanks to Coco for encouraging us to learn SAP), i was able to understand the customization much better and the reason why it was required. Then at interviews even without much preparation i was able to answer questions related to AP/AR and many others. I am now back to believing that no education goes waste, it will reflect at some point in your career.
Now about the interview process:
I applied for the same position in Deloitte first, that was in November last year where i qualified the first 4 rounds and had to go for the next two rounds of face to face interview which never happened.
Deloitte/ EY Interview process(online):
1. Basics of finance & Accounting :
Questions like Golden rules of Accounting/Principles of Accounting, when to debit when to credit, methods of Depreciation, cash/accrual basis
- all together there were 20 questions
2. Financial statement Analysis:
Questions were some what related to capital markets - 5 questions
3. Logical Reasoning and Numerical Ability: one can find samples and practice online
4. English Reading & letter writing(e-mail)
5. Communication skills/verbal ability : Listening test over the phone in a separate closed cubicle where you have to listen and repeat the same words or sentences.
The above rounds of interview were same for both, the only other round was an introduction round with EY, where we had to talk about ourselves for 2 minutes. After these rounds I was called the next day by EY HR personnel for the next two rounds, which happened after 2 days of the online test.
HR round went for around 10 minutes,
I was asked about my expected salary for which I answered - as per company standards.
why have you chosen to work in Taxation - Taxation has always interested me for its variety, no two cases can be similar.
I enjoy applying different legislation to a cases and decided solution that best favor a client.
why I came back from Australia? and few other general questions.
Technical round(Panel of 2 Senior Managers) for around 30 minutes,
Panel: Introduce yourself, Tell us something about your previous company and how did the company benefit from you?
Panel: Have you applied for any other job and do you have any other offer in hand -
Me: I have applied for Deloitte too and have cleared the online test but haven't received any call for the next rounds.
Panel: Deloitte processing takes longer and then asked, now that you have cleared Deloitte rounds too who would you join if u get an offer letter from both the companies?
Me: I have not come across such an event in my life and that would be difficult to answer.
Panel: Do you know Deloitte pays better that what we do?
Me: Yes
Panel: Ok, if you get offer letter the same time and they have offered you better package who would you choose?
Me: Deloitte, as i need the money to pay back my education loan.
Panel: Thanks for being honest with us.
Panel: forwarding a paper and pen, show us how a balance sheet looks?
Panel: after my sketch, how would it look otherwise?
before i answered they started asking me two three questions to stress me. I was actually confused which one to answer first. I just returned a smile.
Panel: what are the sub-divisions of Assets & Liabilities in a balance sheet?
Me:current Assets, property Plant and Equipment, Investments.....current liabilities, long term liabilities......was stopped in-between and was put with the next questions.
Panel:
When you will be working on two to three client engagements at the same time how would you manage your time?
what will you do when 2 managers have given u a task that has the same deadline but one engagement is very time consuming and would take-up all the time?
Our client is based in US when you leave for the day they come to work, how will you manage to communicate your work with them?
There were many other questions that I can't recollect now. But my belief is just to be myself in an interview, as the panel is much experienced and has been through the same process during his career and if one fakes he would know it easily. So my suggestion is to just be yourself when you think the question is to trick you.
http://www.accountingcoach.com thats one website I followed to keep in touch with Accountig.
I again thank the whole Florian team.
Thanking You & Kind Regards, |
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