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Mba Finance Interview Questions And Answers For Freshers Pdf Download
Mba Finance Interview Questions And Answers For Freshers Pdf Download

 

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Mba Finance Interview Questions And Answers For Freshers Pdf Download

 

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People searching lot of hours for gathering interview questions and answers for accounting.Some production level companies have one general formality, thats is asking their candidates about accounts payable interview questions and accounts receivable interview questions. The most common technologies used in making web pages, database interaction etc.We will help you to explore the resources of the World Wide Web and develop your skill from the basics to advance. In prometric center tests, you cannot apply this technique because the questions are displayed one by one.Anyway, this article by Pennsylvania University professor explains each step about test taking tips. Let we some important accounts interview questions. Latest MCQs General awareness - Banking IAS Prelims GS English Quantitative Aptitude ASP.NET Java C Oracle PL/SQL Programming Language Software Engineering English Mechanical Engineering Electrical Engineering Electronic Engineering Finance Home About us Sitemap Contact us Terms of use Follow us on Facebook! � Copyright 2016. You never struck on direct face-to-face conversations.I will prepare answers for these questions shortly update in this post. It helpful to reach your goals.100 Accounting Interview Questions and Answers Download Now!Master These Accountant Interview Questions12 Brilliant Accounting Interview TipsSelected Accounts Interview Questions Frequently Asked in Job FairsAns : Accounting is art of Recording, Classifying, summarizing and communicating financial Transactions, and interpreting results thereof.What is meant by Book keeping?Ans : Bookkeeping is mainly concerned with recording of financial data relating to the business operations in a significant and orderly manner.Name the Accounting ConceptsAns : Business entity concept, Going concern concept, Money measurement concept, Cost concept, Dual aspect concept, Accounting period concept, Periodic matching of costs and revenue concept, Realization concept.Why Accounting Is Important?Ans : Ascertainment of financial performance; Ascertainment of financial position; Providing financial information to users. Here are the different accounts interviews questions are available for educar los sentimientos alfonso aguilo pdf download reference and go through it. ..

 

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It helpful to prepare your CPA exam or interview.Are the following fundamental accounting assumptions followed:Going concern concept?Consistency in accounting policies?Accrual basis of preparing Financial Statement?Have significant accounting policies been listed out and disclosed at one place as part of financial statement?Is there any change in accounting policy:(a)Which has a material effect in current period?If yes, whether disclosed with quantification?If no, whether indicated the fact, that not possible?(b)Which has a material effect in later period?If yes, whether disclosed?Is the inventory valued at lower of cost and net realizable value?Is the disclosure made to that effect in accounting policy?Which is los paraisos artificiales baudelaire pdf download cost formula usedSpecific identification?FIFO?Weighted Average?Is the disclosure made to that effect in accounting policy?Have you ascertained whether cost includesCost of purchase (net of Modvatable duties)?Direct labor?Production overheads?Such other direct cost to bring inventory to their present location and condition?Have you ascertained that cost of conversion does not include the following :Interest, (Unless permitted by AS 16)?Administrative overheads?Selling and distribution cost?Abnormal elif shafak honour pdf download of material, labor and other production cost?If standard cost method followed to ascertain cost, whether standards reviewed periodically?Whether fixed overhead is worked out on normal production capacity; i.e., after taking into account loss of capacity due to planned maintenance?In arriving at cost of inventory, whetherInter-divisional profits eliminated?Foreign currency fluctuation excluded and charged as expense in respect of foreign currency loan obtained against stock?Is physical verification of inventory taken at year end?In arriving at net realizable value, have you ascertaineddamaged/obsolete/non-moving stock?subsequent sale price after Balance Sheet Date?Are the inventory in accounts classified into :Raw material and components?Stores and spares and tools?Work-in-progress?Finished goods?If the enterprisea listed company?business enterprise having turnover?if yes to any of above, is cash flow statement prepared xgraph in ns2 pdf download indirect method?is necessary reference of cash flow Statement made in the Audit Report?Depending upon the modelo 111 para rellenar pdf download activity of the enterprise, is the classification of items in the cash flow appropriate made into operating, financing and investment activities?Are the following items specifically addressedInterest Income or expense?Dividends Paid or Received ?Income Tax Paid or refunds?Conversion Gains or losses in banks accounts denominated in foreign currency ?Effect of business acquisition or divestments ?Investment in subsidiaries, equity affiliates and joint venture ?Cash flows of foreign operations ?Whether non-cash transactions like following are excluded from Cash Flow Statementacquisition of assets by assuming related liabilities?acquisition of an enterprise by issue of shares?conversion of debt into equity?Are contingent liabilities disclosed in accounts by way of notes as to its amount, nature and uncertainties which may affect the future outcome?Out of the contingent liability, have you come across any item which will result in a loss to the enterprise?If yes, whether provision is made?Have you ascertained that no contingent gains are recognized as income?Have you inquired about events occurring after balance sheet date?Are any adjustments required to be made in accounts, relating thereto?If not made, whether disclosed with quantification?(Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.)Has any of the following transaction/event taken place during the yearWrite down/back of inventories?Restructuring Cost?Disposal of Fixed Assets?Disposal of long-term investments?Legislative changes having retrospective application?Litigation Settlement?Reversal of Provisions?If yes, are the same disclosed separately or by way of note?If yes, are the same not considered as extraordinary items?Have you come across any extraordinary item of income or expense clearly distinct from ordinary activities of the enterprise?Have you come across any income or expense, which has arisen due to error or omission in the preparation of financial statement of one or more prior periods?If yes to either a or b, have the amount for each item disclosed separately in P and L A/c. .. By learning CSS one could separate HTML content from its appearance, distinguishing style from structure & can optimize website better. Click here to learn about SQL basics and developed your skills. HOME INTERVIEW QUESTIONS GD TOPICS ABOUT US Contact US Privacy Policy TERMS AND CONDITIONS 35 TOP MBA finance interview Questions pdf 35 REAL TIME MBA Interview Questions and Answers May 19, 2014 Add Comment Below are the list of top MBA interview questions and answers for freshers beginners and experienced pdf free download. JavaScript Language is a naklejki na przyprawy pdf download programming language built into Netscape 2.0 and greater. You may also be interested in.Top 5 Accounting Interview Questions And Answers Accounting interview questions and answers helpful to achieving success in.43 Accounts Payable Interview Questions and Answers Accounts payable interview questions are important concept in every CPA.Accounts Receivable Interview Questions For Job Seekers Accounts receivable interview questions are important for anyone want to.Accounts Receivable Management Services For Factoring Receivables Accounts receivable turnover is known as you receive money from.Accounts payable process and Importance Accounts payable is important part in accounting. XIV followed?If no, are there any other higher rates followed?If yes, whether disclosed the same in accounting policy?Whether, historical cost of Fixed Asset has undergone a change due to exchange fluctuation?If yes, whether depreciation on such amount provided prospectively over the residual useful life of the asset?Is the method of providing depreciation changed during the year?If yes, whether depreciation as per new method recalculated retrospectively?If yes, whether deficiency / surplus adjusted in P and L A/c.?Have the fixed assets been revalued?If yes, is depreciation provided based onby charging to Profit and Loss Account.by recouping ivan pernar mehanika novca pdf download revaluation reserve?If yes, how is the additional depreciation on revalued asset accountedby charging to Profit and Loss Account.by recouping from revaluation reserve?Is addition/extension to existing asset (not retaining a separate identity) depreciated over the remaining useful life of the asset?Is the enterprise involved incontracts for construction of dams, buildings, roads, ships, refineries, pipeline? orcontracts for the rendering of services, directly related to the construction of the asset?How many contracts at the year end are of :Fixed Price Contracts?Cost Plus Contracts?Are the following cost considered as direct cost to the contract cost?site labour cost?material costs used in construction?depreciation of machinery used for the contract?cost of moving machinery and materials to and from contract site?cost of hiring machinery for the contract?cost of design/technical assistance directly related to contract?estimated cost ofrectification?guarantee, including warranty costs?claims from third party relating to contract?Are following attributable cost, allocated to the contract costsinsurance on materials / machinery?construction overheads?interest cost ?Are the following cost excluded from contract costsgeneral administration cost for which reimbursement is not specified in the contract?selling cost?depreciation of idle plant not used for a particular contract?In respect of Intangible Assets, whether amortization is done?total contract revenue can be measured reliably?both the contract costs to complete the contract and the stage of contract completion at the reporting date can be measured reliably?contract costs can be clearly identified and measured reliably, so that actual cost incurred can be compared with prior estimates?In respect of Intangible Assets, whether amortization is done?Is contract revenue in case of fixed price contract or cost plus contract recognized using the percentage of completion method?Which of the following method is determined to ascertain the dreamer examines his pillow pdf download stage of completion of the contractthe proportion of contract costs incurred bears to the estimated total contract costs?survey of worked performed?completion of physical proportion of the contract work?Is expected loss (when contract cost exceeds contract revenue) recognized as an expense, disregarding whether or not work has commenced on the contract or stage of completion of contract activity?Have the following been disclosed in the financial statementsamount of contract revenue recognized as income?the methods used to determine contract revenue?the method used to determine the stage of completion of contract-in-progress?the aggregate amount of cost incurred and recognized profits / losses up to the reporting date?the amount of advances received? andthe amount of retentions?Have the following been presented in the Balance Sheetgross amount due from customers for contract work as an asset? andgross amount due to customers for contract work as a liability?In case of sale of goods whether the revenue is recognized only when all significant risk and rewards of ownership have been transferred to the buyer and the enterprise has retained no effective control of the goods transferred?In case of rendering of services, whether the revenue is recognized on :Completed service contract method? orProportional completion method?In case of Interest, Royalties and Dividends, whether the revenue recognized as under:Interest on time basis?Royalties in accordance with terms of agreement?Have you ascertained that when significant uncertainty exists as to the consideration or measurability, the revenue recognition is postponed and shall be recognized as revenue of the period in which the uncertainty is resolved ?Have you ascertained that adequate provision is made for expenses to be incurred for future when revenue has been fully recognized in accounts; e.g., warranties on product sold, services to be rendered for which full fees collected etc?is revenue recognized on accrual basis?If revenue recognition is postponed, the circumstance for such postponement has been disclosed?Is excise duty, paid on goods sold disclosed on the face of profit & loss statement by way of deduction from turnover / sales ?In case of capitalization of Fixed Assets whether the following is included in cost:Purchase price including import duty and other non-refundable taxes or levies (capital MODVAT if availed then excluded from cost)?Interest cost (net of income, if any) specific / general borrowing capitalized?Administrative and other general overheads excluded?Expenditure on test-runs and experimental production till commercial production?However, if commercial production prolonged, then expenses incurred after plant ready to commence commercial production charged to P and L A/c.?Whether only those expenses, incurred on existing assets, which increase capacity have been capitalized?In case of Interest, Royalties and Dividends, whether the revenue recognized as under:Hire purchase / Assets taken on lease accounted ?Joint ownership, adequate disclosure given in Balance Sheet?Consolidated price apportioned to various assets as determined by competent valuer?Goodwill recorded is, paid for or arising on merger and goodwill as a prudent policy written-off over a period?Patents and know-how accounted ?If assets are revalued, whetherRevaluation is of entire class? orWhole class of assets within a unit?Revalued amount presented in financial statement byRestating both gross book value and accumulated depreciation? orAdding the net increase on account of revaluation to net book value?Disclosure in accounting policy is made ofMethod adopted to compute the revalued amount?Nature of indices used?Year of appraisal made? andexternal valuer involved?Whether Fixed Assets retired from active use and held for disposal :Stated at lower of net book value and net realizable value? andShown separately as part of other current asset ?WhetherStandby and servicing equipment capitalized?Critical or stand-alone spares connected with specific fixed assets written off over the useful life of the Fixed Asset?You can understand from above fund accounting interview questions, which one is more important to study. It useful for students who preparing exam based on multi choice model. 2587a83389