Deloittle placement orinteation

1. Placement Orientations
Dr. Rakesh
Bhati

2. About Company
Recruitment Process
Questions Asked in Deloitte
Interview Experiences
Deloitte Recruitment Process

3. About Company :
Deloitte is privately held company which is limited by
guarantee.
It is one of the largest accountancy and audit firms in the
world and is included in the ‘Big Four’ along with PwC, EY and
KPMG.
The origin of the company dates back to 1845, when William
Deloitte opened his first accounting office in London, England.
Today Deloitte is headquartered in New York City, and
through a series of mergers is officially called Deloitte Touche
Tohmatsu Limited (DTTL), but uses ‘Deloitte’ as it’s public brand
name.
The firm now operates in over 150 countries and employs over
312,000 people worldwide.

5. “Deloitte” is the brand under which tens of thousands of dedicated professionals in
independent firms throughout the world collaborate to provide audit, consulting, financial
advisory, risk management and tax services to selected clients. These firms are members
of Deloitte Touche Tohmatsu Limited DTTL, a UK private company limited by guarantee. Each
member firm provides services in a particular geographic area and is subject to the laws and
professional regulations of the particular country or countries in which it operates. DTTL does
not itself provide services to clients. DTTL and each DTTL member firm are separate and distinct
legal entities, which cannot obligate each other. DTTL and each DTTL member firm are liable
only for their own acts or omissions and not those of each other. Each DTTL member firm is
structured differently in accordance with national laws, regulations, customary practice, and
other factors, and may secure the provision of professional services in its territory through
subsidiaries, affiliates and/or other entities.
In the United States, Deloitte LLP is the member firm of DTTL. Like DTTL, Deloitte LLP does not
provide services to clients. Instead, services are primarily provided by the subsidiaries of
Deloitte LLP, including:
•Deloitte & Touche LLP
•Deloitte Consulting LLP
•Deloitte Financial Advisory Services LLP
•Deloitte Tax LLP

6. Leadership comes in all shapes and sizes, but we require five leadership
imperatives from all of our people:
 We live our purpose: we act as a role model, embracing and
living our purpose and values, and recognizing others for the
impact they make
 · We develop talent: we develop high-performing people and
teams through challenging and meaningful opportunities
 We drive performance: we deliver exceptional client service;
maximize results and drive high performance from people while
fostering collaboration across businesses and borders
 We believe positive influence can make an impact that matters:
we influence clients, teams, and individuals positively, leading by
example and establishing confident relationships with increasingly
senior people
 ·We move, together, towards a strategic direction: we
understand key objectives for clients and Deloitte, aligning people
to objectives and setting priorities and direction

7. Tax Consultant I
Deloitte’s Business Tax team is looking for a
corporate tax practitioner with a strong
interest in tax reporting (e.g. IAS 12, ASC
740) to join our team of professionals
dedicated to improving and transforming
our clients’ tax reporting processes.

8. Your role
Joining the UK BT practice will give you access to
work with the UK team, and across our North-West
Europe region and internationally.
This would be a perfect opportunity for a newly-
qualified corporate tax advisor with income tax
reporting experience and an interest in the wider BT
areas.
You will develop strong relationships with the
engagement team in the UK, becoming a trusted
team member and will build an understanding of how
different types of businesses and structures operate.

9. You will be responsible for:
Preparing, coordinating and reviewing key income
tax reporting judgments, significant tax estimates,
technical tax reporting conclusions, and tax
disclosures at all reporting dates for IFRS, FRS 101/102
and/or US GAAP reporters.
Take care of the preparation of monthly, quarterly &
annual financial reports & books of accounts for the
firm which will be as per IFRS, US GAAP or UK GAAP

10. You will be responsible for:
Preparation of UK corporate tax compliance
computations
Preparation of tax notes/ tax disclosures for
statutory accounts under IFRS/UK GAAP
Responsibility for a wide portfolio of clients
across all industries
An ability to manage multiple-work streams
at the same time

12. Resume
"Your resume is your calling card so
employ it wisely in your job
search. Once you secure an
interview, then you can expand
on your experiences, skills, and
education, but getting an
interview is the first step and a
well-crafted resume is a critical
component to helping you get
to that point."

13. ○ In today’s job market, it’s estimated that recruiters and hiring
managers spend about six to 10 seconds scanning a
candidate’s resume. So it’s to your benefit to ensure your
resume is both easy-to-read, as well as flexible in its format so
that it can be easily customized for a specific job posting.
○ Gone are the days of an experienced professional having a
“one-size-fits-all” resume that was general enough she/he
could use for any job posting. Candidates should consider
tailoring their resume for each job for which they apply. Doing
so may just put you on top of the pile of resumes for a position.
If you have a well-written resume already, tailoring may not
take a lot of time.

14. Here are some tips to help you get your resume read:
Think of the resume being carved up into several parts – your
contact information, a title or brand, a quick summary, and then
the body of the resume that contains your experience, as well as
information regarding your education/additional qualifications.
Start at the top of your resume – provide your name / contact
information. Just a tip: if you have a less-than-professional email
address, you may want to consider changing it. Advise not to
call out the most efficient way to contact you (i.e., either email
or cell phone)

15. ○ Immediately below your contact information, consider
providing a resume introduction that includes a title or
brand that is bold and centered on the page, as well as
a summary and areas of experience. You want to make
sure this title or brand will catch the eye of the hiring
manager or recruiter.
○ Then create what your value proposition is for this
potential employer. Provide a bolded list of key words
that capture your skills and competencies. Again, this will
help your information “jump out” at the hiring or recruiting
manager as he or she quickly scans your resume.

16. ○ Next up is your work experience section, which should be
in a bulleted format. Instead of listing responsibilities,
consider listing accomplishments that you achieved within
each position. Additionally, consider leaving off any work
experience if unrelevant to the job you are applying for.
○ The final section of the resume is your education/additional
qualifications and other relevant credentials. Consider not
listing years for which you graduated from a bachelor or
master’s degree, but merely list your major or areas of
concentration. Also, consider including relevant
certifications.

17. ○ With regard to the statement: “References available upon
request” – nowadays it’s expected you will bring a copy of
your references to the interview so there is no need to
include it on your resume.
○ One suggestion with regard to listing personal interests on a
resume, unless there is something very unique about you or
if you have a significant passion for a cause, it’s better to
leave a personal interests section off of your resume.
However, carefully think through if you have any
characteristics that may be a conversation starter for a
hiring manager or recruiter.

18. Recruitment Process :
Deloitte conducts 3-4 rounds to select freshers in their
organisation.
Online Round
Group Discussion / Just a Minute (JAM)
Technical + HR Round

19. Online Round :
Online round oftenly consists mainly of four
sections namely,
General Aptitude,
Logical,
Probability and Statistics
Verbal sections

20. The students who clear the online round are called for Group
Discussion Round.
 In this round they check your
communication and presentation skills.
Deloitte oftenly provides a case study based
on a Technical problem faced by an
organization. You would have 5 minutes to
read it and then discuss it for another 15
minutes.
Group Discussion / Just a Minute Round:

21. Sometimes, you could also be asked
to prepare charts in groups. Deloitte
moderators could also ask questions
based on your solution.
Sometimes, they provide you a minute
to put your points instead of group
discussion.
Group Discussion / Just a Minute Round:

22. NOTE :-
Do not pause, do not repeat the same
sentences you’ve used. They check your
communication and presentation skills.
Confidence is the key here!
Read the case study carefully and
understand the objective carefully.

23. NOTE
Try to mention/build upon points put
forth by fellow group members while
moving the discussion forward, this shows
that you were carefully listening to what
others were saying.
Fluency in English, though is important
but is not an eliminating factor. Make
good points.

24. The students who clear the online round are called for this Round.
They could also conduct these rounds separately.
To clear technical problems, you should be prepared with
Operating Systems, Computer Networks and database.
Students will be expected to write codes in the interview.
You should also be prepared with your resume. You may
be asked puzzles in this round.
Technical + HR Round

25. You can expect general HR questions like :
1. Tell me about Yourself
2. Why Deloitte?
3. What are your strengths and weaknesses ?
4. Are you a team player
5. What companies did you give interview for
before deloitte ?
6. What is your opinion about Long hours at work ?
7. Questions form resume
Technical + HR Round

26. NOTE
Study perfectly about the job profile.
Have an easy-going attitude towards the interview.
Project your utmost confidence.( keep smiling and
you will be confident).
Try using a good set of vocabulary.
Keep calm. The process is easy. You will get through.

27. Preparing for an interview
Here are some useful tips for when you take the first step towards a
future with a probable employer.
Be honest : Honesty is still the best policy. It is all right if you do not
know the answer to a question, and it is acceptable to take a
moment to gather your thoughts before you answer. However, do
not falsify information.
Be enthusiastic: If the prospect of the job excites you, let your
enthusiasm show. Your interviewer can differentiate an honest
attempt, from a half – hearted one.
Be confident: You have applied for a vacant position, because you
know you can do it justice. While being nervous is natural, answer
questions with confidence. It is a skill that is useful in day-to-day
interactions at the workplace, which makes it valued.

28. Preparing for an interview
Be humble: It is good to be proud of your achievements. However, do not
let pride come across as arrogance. Also, while speaking, do not indulge
in jargon, or unnecessarily flowery language.
Be punctual: Be a few minutes early if it helps you compose yourself for the
interview. Do not lose your patience in case the interviewer is late. While
being late is not acceptable behaviour for anyone, this could just be a
test.
Be observant: Read about the organisation beforehand. Up to an
acceptable degree, try to know who your interviewer is. As you wait your
turn, observe things about the office. You may be asked questions about
what you observed about the organisation’s culture, or brand.
Be acquainted with yourself: While it may seem an obvious tip, many falter
when it comes to talking about themselves. If needed, pen down your
strengths, weaknesses, and ambitions, as your prepare. It is a question that
comes up often.

29. Interview Experiences
It is always beneficial if you know what it is to
be there at that moment. So, to give you an
advantage, we provide you Interview
Experiences of candidates who have been in
your situation earlier. Make the most of it.

30. Section Part A: Read aloud
Task
description
Read a passage aloud for 30 seconds. Candidates
may not be able to finish reading the entire passage in
30 seconds, but this is not counted against them.
Examples Australia is a very large country. It is the sixth largest
country in the world. It is also a continent and is
sometimes called the 'island continent'. It is surrounded
by two oceans. Most of Australia is a desert so it is very
flat and dry, but it also has rain forests and mountains. It
is home to many different kinds of animals.
No. of
questions
02
Approx. time 2 mins

31. Section Part B: Repeats
Task description Listen to a sentence and repeat the sentence
word- for-word. The sentences are presented
in approximate order of increasing difficulty.
Examples 1. He’s a great teacher.
2. It’s not too late to change your mind.
3. People know how easy it is to get lost in
thought.
No. of questions 16
Approx. time 5 mins

32. Section Part C: Sentence builds
Task description Listen to a group of three short phrases presented
in random order and then rearrange the phrases
to make a sentence.
Examples 1. my boss/to London/moved2. of your
family/any pictures/do you have3. to their
leader/listened carefully/the young men
No. of questions 10
Approx. time 3 mins

33. Section Part D: Conversations
Task description Listen to a conversation between two speakers
and then answer a comprehension question.
Examples Speaker 1: Congratulations on graduating!
Speaker 2: Thanks! It was a lot of work. Speaker 1: I
know. You deserve a party. Question: Why does
the man deserve a party?
No. of questions 12
Approx. time 2 mins

34. Section Part E: Typing
Task description Type a given passage exactly as displayed in 60
seconds. This is an assessment of typing speed
and accuracy and allows candidates to
familiarize themselves with the keyboard.
Examples Many people do not like public speaking. They
are afraid to speak in front of a large group of
people. There are many ways to get better at
public speaking. First, it is good to know the room.
You should know where to stand and where to set
up your computer…(etc.)
No. of questions 1
Approx. time 1 min

35. Section Part F: Sentence completion
Task description Read a sentence that has a word missing, and
then supply an appropriate word to complete
the sentence. Candidates are given 25
seconds for each item.
Examples 1. Her favorite hobby is . She has so many
books.
2. He arrives and is often the first one here.
3. I asked a coworker to take over my
because I wasn’t feeling well.
No. of questions 20
Approx. time 8 mins

36. Section
Part G: Dictation
Task description
Listen to a sentence and then type the sentence
exactly as it is heard. Candidates are given 25
seconds for each item.
Examples
1. I’ll see you on Thursday.
2. How long can I keep this book?
3. She apologized to all her friends several times.
No. of questions
16
Approx. time
7 mins

37. Section Part H: Passage reconstruction
Task description Read a short paragraph for 30 seconds. After 30
seconds, the paragraph disappears. Then,
reconstruct the paragraph in 90 seconds, including
the main points and as many details as possible.
Examples Robert went to a nice restaurant for dinner. When
the waiter brought the bill, Robert reached for his
wallet, but it wasn't in his pocket. He remembered
having his wallet when he came into the restaurant.
The waiter looked around the floor near his table.
He found the wallet under the table.
No. of questions 3
Approx. time 6 mins

38. Section Part I: Summary and opinion
Task description Read a passage. Then, write a summary of the
author’s opinion in 25-50 words and give your own
opinion on the topic presented in the passage in at
least 50 words. Candidates are given 18 minutes to
read the passage and write both responses.
Examples Some children grow up in a big city while other
children grow up in the countryside. Childhood
experiences can be very different depending on
where a person is raised. Although the countryside
can be more peaceful than a big city, it is better for
children to grow up in a big city…(etc.)
No. of questions 1
Approx. time 18 mins

39. The US tax reform has brought into sharp focus the
differences between International Financial Reporting
Standards IFRS (International Accounting Standards IAS 12)
and US GAAP (Accounting Standards Codification (ASC)
740) in accounting for income taxes.
Some Generally Accepted Accounting Principles (GAAP)
differences are long-standing, but other nuances are
emerging as the accounting issues around US tax reform are
resolved. Some of these differences may create practical
issues for dual reporters.
With the enactment of H.R. 1, originally known as the Tax
Cuts and Jobs Act, on December 22, 2017, the accounting
for income tax has received significant attention over the
past couple of months. (re)visit how IAS 12 compares to ASC
740.

40. Overview of ASC 740 740-10-05 (Q&A 01)
As noted in ASC 740-10-10-1, an entity’s overall objectives in
accounting for income taxes under ASC 740 are to
(1) “recognize the amount of taxes payable or refundable for the
current year” and
(2) (2) “recognize deferred tax liabilities and assets for the future
tax consequences of events that have been recognized in an
entity’s financial statements or tax returns.”
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/audit/ASC/Roa
dmaps/us-aers-a-roadmap-to-accounting-for-income-taxes-2017.pdf

41. The following is a brief summary of deferred tax accounting, in general, under ASC 740:
• DTLs are recognized for future taxable amounts.
• DTAs are recognized for future deductions and operating loss and tax
credit carry forwards.
• The marginal tax rate is used to measure DTAs and DTLs.
• A valuation allowance is recognized to reduce DTAs to the amounts
that are more likely than not to be realized.
• The amount of the valuation allowance is based on all available
positive and negative evidence about the future.
• Deferred tax expense or benefit is computed as the difference
between the beginning and ending balance of the net DTA or DTL for the
period.
• Before the adoption of ASU 2015-17, DTAs and DTLs are classified as
current or noncurrent in accordance with the classification of the related
asset or liability for financial reporting purposes. • The effects of changes
in rates or laws are recognized on the date of enactment.

42. Question Answer
/ Final Discussion