Sadly could not get through application stage in a hurry to submit for remaining 20% of vacancies in Reading. I do not blame for my overseas qualification in Audit and Accountancy wtih an average of 80% on graduation (at least I’d like to think my failure has nothing to do with it), so this leaves me with the way I answered questions. I would really appreciate if people can give their opinion as to how they’d have answered the question or point to weaknesses in my answers. Any help will do. So here are my answers:
Q:Business and Client Service
Please provide us with your understanding of the services offered by the firm and in particular, the work undertaken in your chosen line of service (maximum 150 words).*
A:PwC offers advisory services to businesses, which can be strategic such as development of corporate objectives, growth options, reorganisation of company/finance structure and so on. Alternatively advice can be at operational level such as process improvement, cost cutting measures, productivity improvement. Another type of service that PwC can offer is assurance services for the benefit of businesses stakeholders. Assurance examines financial statements of the business, and through well structured and documented programme, expresses opinion on the true and fairness of financial statements. Business stakeholders, such as bank, may find result of audit helpful in deciding whether to grant or deny a loan to the business. Or owners of the business get assurance that their money is well spent, etc. As a result of recent downturn, services such as insolvency administration, organising tax efficient operations and risk assessment may well be on demand, which can also be provided by PwC.
Q:PwC is passionate about providing our clients with exceptional services that contribute to their business success.
From a business perspective, if you were to join PwC, which organisation would be your ideal client and what services do you think PwC would be providing to enhance the organisation’s continued business success (maximum 150 words)? Please note the organisation does not have to be a current client of PwC.*
A:My previous employer, rugby training equipment and team wear supplier, would benefit from help in some areas. The biggest weakness was no control over inventory during the year with only year-end inventory count as a way of identifying level of inventory. Advice on and implementation of inventory control, improvement of production process, tighter internal controls on delivery acceptance and product despatch could reduce production waste and possibly from dishonest employees. Company also suffered from seasonal sales pattern and required access to substantial overdraft to avoid liquidity problems. Sound advice on financial management and possibility of outsourcing admin/sales functions would help to overcome cash flow problems during quiet periods. PwC expertise could have saved company penalty fees incurred as a result of the incorrect VAT submissions. Absence of correct procedures was the cause of failure to obtain VAT numbers that are required for EC Sales submissions along with VAT returns.
Q:Striving for excellence through working as part of successful teams is key to our work. Please describe a group activity that you have been involved in where you have contributed to the team’s success. Your example should be a maximum of 150 words and include the following information: Details of the activity, key objectives, individual contribution, challenges faced and overall outcome*
A:In my current job, extra work emerged as a result of cost cutting measures. The objective was to cover shortened admin staff hours. Activities included processing and despatch of orders and resolving associated queries. I ensured that I cover share of those activities, but at the same time carry out my essential responsibilities, such as invoicing and carrying out credit control on time in order to minimise working capital cycle. Another cost cutting project was to find potential buyers for items of furniture and office equipment for company’s stock room and leased building in Manchester and vacate both in order to avoid paying further rent. I contributed to the task by researching buyers in Manchester and agreed appointment with several buyers, one of which bought all of furniture. With overall effort team saved company £6000 in annual rent payments for stock room and several months worth of lease payments.
Q:Please use the space below to list any additional personal interests, positions of responsibility held, scholarships, awards, prizes, residence abroad or significant travel that you have not already told us about (maximum 200 words). The information you list in this section will not be assessed but will provide us with valuable information to be discussed in your interview if your application is successful.
A:In my spare time I like experimenting with computers and programming. My recent interest has been control of electric motors programmatically via microcontrollers that can be used simple robotic mechanisms that can react to light, which can be controlled via sensors. Although I have not had a chance to create prototype, this will be definitely worked on in years to come as I get closer to finish my studies. Another useful experience I had was running of internet café. This exercise introduced me to management of business and people at early years and showed that hard work is rewarded in the end. I sold it in order to finance my studies and have no financial worries during my studies in the UK. Now, after having a taste of running business, having studied accounting and audit backed by Postgraduate Diploma in the UK, it would be an honour to work for number one accountancy practice in the world, gain access to piles of knowledge and expertise, be surrounded by right people, and in the end, hopefully, contribute back to the company.