Venue : IIMB
Date: 2nd April 2010
Profile: B.Com, CA(Inter), Grad CWA
Work Experience: Fresher
Category: OBC-NC
CAT: 84.79(QA), 72.52(DI), 89.77(VA), 88.01(OA)
10th: 84% 12th: 96% Grad: 84%
Calls: Only IIMB and no other.
Essay Topic: Breaking down larger Indian states into smaller will lead to better governance and development.
The essay went well. Anyhow I didnt touched the telegana issue due to its high controversy. Other than that, I started from pre independence era and finished it with various quotes. Overall, an average performance, I would say.
Interview:
The main protagonist is Mr. Mathew Manimala and other two people, I couldnt find out more about them.
Since I didn't remember the flow of interview, I would give it in Q&A type but not necessarily same order.
Q: You are from which university?
A: It is Manonmanium Sundaranar University.
(Shows sort of disapproval having not heard about it)
Q: You are a CA student, so why MBA?
A: Some gyan abt how it improves my knowledge.
Q: But MBA and CA are so different? Why cant you go in CA route itself?
A: Again convinced them abt they are more or less same.
Q: Would you prefer any specific work in job like taxation,etc?
A: Nope I am open to anything.
Q: What do you have in mind?
A: I would prefer Investment Banking.
Q: But IB is not related to CA?
A: Told them abt cost of capital, raise of capital through equity, debt, etc and some gyans again. (That convinced them).
Q: What is economies of scale?(Being B.Com student, this question is obviously expected)
A: Started with learning curve effect and continuing(Sudden interruption). Q: Can you tell it in layman's term shortly.
A: Large production, Low cost(And then shut my mouth close)
(That did it, everybody smiled for the style)
Q: Can you name some of the accounting firms?
A: Deloitte, PWC, Ernst & Young
(Dont know why I left out KPMG in Big Four)
Q: You are a fresher?
A: Yes. But I do have three years of articleship training which is an integral part of CA course.
Q: Tell me some of the crisis you faced in your firm?
A: My firm is in rural place. So some of the clients are not claiming Input credit on tax paid. This I came to know about through my father who is also a client in our firm. (Gave them some figures about how much we lost).
Q: Can you tell us another crisis?
A: Yeah, most of the clients are facing sudden drop in profit. When analysed, they are claiming Gratuity payment in a single year rather than providing provision for it. Being small concerns, they find it difficult to find out the exact amount. So I worked out a small excel sheet and thereby providing for proper provision.
Q: So your client would love you very much?
A: Yes sir, Because I happen to know a lot about them because my father too a client and I can gain knowledge by studying my father's own business.
Q: What do you mean by depreciation?
A: Depreciation is result of wear and tear, obsolete, change in technology.
Q: What are the various methods of providing depreciation?
A: As per companies Act, we can use Straight Line Method or Written Down value method but as per Income tax provisions, we can use only WDV method.
Q: We have lost faith in CA profession after PWC mess? What do you think of it?
A: Told them it is not so. It is an isolated case.
Q: (Not convinced) But today CA are not reporting correctly?
A: We are going to introduce IFRS in the coming financial year. Which somehow will enhance reporting standards.
Q: (Still not convinced) But CA themselves in order to retain their position, play alongwith co's.
A: It is not so. Whenever an auditor is removed, the newly appointed auditor will have to send letter to removed auditor seeking his knowledge and then only take the post.
Q: But still auditor's dont want to quit the co's they are working with.
A: Told them about professional ethics.(That brought a smile for me). Also told them how arthur andersen accounting firm dissolved after enron scandal
Q: What can we do about erring auditors? It seems that nothing we can do about them?
A: A hearing will be conducted in high court regarding professional misconduct by members by ICAI. Also a investigation committee by ICAI will also take up the matters.
Q: Did you do your CWA and CA after B.Com?
A: No sir, I entered through PE-I stream right after my 12th. So when I finished my B.Com, I had three qualifications B.Com, CA(Inter) and ICWA(Inter)
Q: So have you completed your CA or only CA (Inter)
A: I have completed only CA(Inter) but also I have completed one of the two groups in CA Final examination. I am very positive about finishing the other group also in this May examination before joining here. Regarding ICWAI, I completed all the examination and now I am a Grad CWA.
Afterwards, they checked CAT card, OBC certificate, Passport and got the LOR
Q: What is your email, it sounds funny?(Mine is cyman_05@yahoo.com)
A: It is difficult to get a id in the name of simon being very famous. So I chose cyman which pronounced same and the number 05 in id represents the year I created the ID.
Q: So you are a cyber man?
A: In a way, I am more into IT doing languages like Foxpro, etc.
The interview is over.
I told them I look forward to meet them all.
They replied "definitely" laughingly.
-----------------------------------------------------------------------
1) Dont know why they didnt checked my Extra curricular?
2) I expected them to ask about my hobbies? But there also no questions.
3) No question about General Knowledge eventhough I am a fresher.
4) The whole interview went in a pleasant manner. No showing of faces.
5) Didnt asked any questions with regard to essay writing.
Everybody's interview in my batch went on for 25 min but mine went on for more. This I realised when only the guys outside told me that. I reckon it went on for some 40 min.
Positive Note: IIMB needs diversified profiles and mine is commerce. Also the interview went very well.
Negative Note: Very low CAT scores and average performance only in EW.
Result: Rejected.
Date: 2nd April 2010
Profile: B.Com, CA(Inter), Grad CWA
Work Experience: Fresher
Category: OBC-NC
CAT: 84.79(QA), 72.52(DI), 89.77(VA), 88.01(OA)
10th: 84% 12th: 96% Grad: 84%
Calls: Only IIMB and no other.
Essay Topic: Breaking down larger Indian states into smaller will lead to better governance and development.
The essay went well. Anyhow I didnt touched the telegana issue due to its high controversy. Other than that, I started from pre independence era and finished it with various quotes. Overall, an average performance, I would say.
Interview:
The main protagonist is Mr. Mathew Manimala and other two people, I couldnt find out more about them.
Since I didn't remember the flow of interview, I would give it in Q&A type but not necessarily same order.
Q: You are from which university?
A: It is Manonmanium Sundaranar University.
(Shows sort of disapproval having not heard about it)
Q: You are a CA student, so why MBA?
A: Some gyan abt how it improves my knowledge.
Q: But MBA and CA are so different? Why cant you go in CA route itself?
A: Again convinced them abt they are more or less same.
Q: Would you prefer any specific work in job like taxation,etc?
A: Nope I am open to anything.
Q: What do you have in mind?
A: I would prefer Investment Banking.
Q: But IB is not related to CA?
A: Told them abt cost of capital, raise of capital through equity, debt, etc and some gyans again. (That convinced them).
Q: What is economies of scale?(Being B.Com student, this question is obviously expected)
A: Started with learning curve effect and continuing(Sudden interruption). Q: Can you tell it in layman's term shortly.
A: Large production, Low cost(And then shut my mouth close)
(That did it, everybody smiled for the style)
Q: Can you name some of the accounting firms?
A: Deloitte, PWC, Ernst & Young
(Dont know why I left out KPMG in Big Four)
Q: You are a fresher?
A: Yes. But I do have three years of articleship training which is an integral part of CA course.
Q: Tell me some of the crisis you faced in your firm?
A: My firm is in rural place. So some of the clients are not claiming Input credit on tax paid. This I came to know about through my father who is also a client in our firm. (Gave them some figures about how much we lost).
Q: Can you tell us another crisis?
A: Yeah, most of the clients are facing sudden drop in profit. When analysed, they are claiming Gratuity payment in a single year rather than providing provision for it. Being small concerns, they find it difficult to find out the exact amount. So I worked out a small excel sheet and thereby providing for proper provision.
Q: So your client would love you very much?
A: Yes sir, Because I happen to know a lot about them because my father too a client and I can gain knowledge by studying my father's own business.
Q: What do you mean by depreciation?
A: Depreciation is result of wear and tear, obsolete, change in technology.
Q: What are the various methods of providing depreciation?
A: As per companies Act, we can use Straight Line Method or Written Down value method but as per Income tax provisions, we can use only WDV method.
Q: We have lost faith in CA profession after PWC mess? What do you think of it?
A: Told them it is not so. It is an isolated case.
Q: (Not convinced) But today CA are not reporting correctly?
A: We are going to introduce IFRS in the coming financial year. Which somehow will enhance reporting standards.
Q: (Still not convinced) But CA themselves in order to retain their position, play alongwith co's.
A: It is not so. Whenever an auditor is removed, the newly appointed auditor will have to send letter to removed auditor seeking his knowledge and then only take the post.
Q: But still auditor's dont want to quit the co's they are working with.
A: Told them about professional ethics.(That brought a smile for me). Also told them how arthur andersen accounting firm dissolved after enron scandal
Q: What can we do about erring auditors? It seems that nothing we can do about them?
A: A hearing will be conducted in high court regarding professional misconduct by members by ICAI. Also a investigation committee by ICAI will also take up the matters.
Q: Did you do your CWA and CA after B.Com?
A: No sir, I entered through PE-I stream right after my 12th. So when I finished my B.Com, I had three qualifications B.Com, CA(Inter) and ICWA(Inter)
Q: So have you completed your CA or only CA (Inter)
A: I have completed only CA(Inter) but also I have completed one of the two groups in CA Final examination. I am very positive about finishing the other group also in this May examination before joining here. Regarding ICWAI, I completed all the examination and now I am a Grad CWA.
Afterwards, they checked CAT card, OBC certificate, Passport and got the LOR
Q: What is your email, it sounds funny?(Mine is cyman_05@yahoo.com)
A: It is difficult to get a id in the name of simon being very famous. So I chose cyman which pronounced same and the number 05 in id represents the year I created the ID.
Q: So you are a cyber man?
A: In a way, I am more into IT doing languages like Foxpro, etc.
The interview is over.
I told them I look forward to meet them all.
They replied "definitely" laughingly.
-----------------------------------------------------------------------
1) Dont know why they didnt checked my Extra curricular?
2) I expected them to ask about my hobbies? But there also no questions.
3) No question about General Knowledge eventhough I am a fresher.
4) The whole interview went in a pleasant manner. No showing of faces.
5) Didnt asked any questions with regard to essay writing.
Everybody's interview in my batch went on for 25 min but mine went on for more. This I realised when only the guys outside told me that. I reckon it went on for some 40 min.
Positive Note: IIMB needs diversified profiles and mine is commerce. Also the interview went very well.
Negative Note: Very low CAT scores and average performance only in EW.
Result: Rejected.
you are really a very knowledgeable person. i admire you . am really very proud and happy to say that i spent some days with you. such a wonderful book you are cyman........... i need your guidance to finish cwa which i have enrolled now .......
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