7/29/2019 General Finance Interview

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WhyFinance?

Q:Describethefinancefunctionswithinacompanyandwhereyouseeyourselffitting.

Q:WhatsaPrice/Earning(P/E)ratioandhowdoyouuseit?Q:Whatif2companieshavethesamevalueofP/Eratios,whichcompanydoesyouthinkisbetter?Q:Howwouldyouexplainnetpresentvaluetonon-financemajor?Q:Whatisourcompanysstockprice?Howwouldyouforecastthefuturestockpricefornextyear?Q:Howwouldyouchoosetobuyaparticularstock?Q:Whymightacompanychoosedebtoverequityfinancing?Q:Whereisthemarketgoing?Q:Whatmajorfactorsdrivemergersandacquisitions?Q:Whatisgoodwill?Howdoesitaffectnetincome?Q:Whatisworkingcapital?Q:Whataredeferredtaxes?Q:Canyoudescribearecentsituationinwhichyouaccomplishedanimportantobjectiveinabriefperiodoftime?Q:Howdoyoutakechallenges?Q:Areyouwillingtoworkinshifts?Q:Whatisthethingyoulikethemostintheworld?Why?Q:Whatisthethingyoudislikethemostintheworld?Why?

Q:Whatdoessuccessmeantoyou?Q:Howdoyoudefinefailure?Q:Whatiscontingencyliability?Q:Howdoyouvalueacompany?Q:You'vebeenaskedtoreducethebudgetby8%.Whatcriteriawillyouuseinidentifyingthebudgetreductions?Q:Whoisamoreseniorcreditor,astockholderorabondholder?Q:Whatisthedifferencebetweenaccountsandfinance?Q:Explainfixedcost,variablecostandmarginalcost?Q:WhatisBreakEvenPoint?Whatdoesitsignify?Q:Whatisthepurposeofchargeback?Q:WhatisMISreportanddoyouprepareit?Q:Whyareyouleavingtheorganizationyouworkfor?

Q:Howmuchtimedoyouneedtojointheorganization?Q:Areyouaggressive?Q:Whatmakesyouagoodmanager?Q:Whatmotivatesyouthemost?Q:Whatskillsandabilitiesdoyouhave?Q:Isthereanythingyouwanttoask?Q:Ifyouwerehiredforthisjob,whatareaswouldyoumakeanimmediateimpact?Q:Inwhatareasdoyouthinkyouwillneedguidance?Q:Howwillyouapproachlearningthis"new"job?Q:Howwillyouapproachacquiringnewskillsets?Qescribethemostdifficultsituationyouhavefacedinyourcareerandhowyoumanagedit.

Qescribesomeproblemsyouencounteredinyourmostrecentpositionandowyouresolvedthem.Q:Whatspecificstepsdoyouutilizeinsolvingworkplaceproblems?Q:Whatexperiencehaveyouhadinfixedassetsaccounting?Q:HowcanyoucreateBudgetsfordailypods?Q:Howtousespecialandpairvaluesets?Q:Whatisconsolidation?Q:Whydepreciationisnotchargedonland?Q:CanuexplainmetheflowinGeneralledger?Q:Whatismeantbygroupchartofaccountsinsapfico?

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Q:HowimportantdoesAccountsreceivableforsmallbusinessandwhy?Q:WhatarethegoalsofAccountsreceivable?Q:WhatarethepowerfulsoftwaresthatcouldbeusedfordoingefficientAccountsreceivable?Q:WhatarethestrategiestobefollowedforpreparingAccountsreceivable?Q:HowdebtorsplayitsroleinAccountsreceivable?Q:WhoisresponsibleformaintainingtheAccountsreceivableinanorganization?Q:HowimportantisAccountsreceivabletobusiness?Q:WhatdoyoumeanbyAccountspayablecycle?Q:WhatisTrialBalance?Q:Whatisdifferencebetweenaccountpayableandbillspayable?Q:Howtoaccountfreightcost,handlingcharges,purchasetaxatthetimeofraisingaPurchaseOrder?Q:WhatisReconciliationStatement?Q:Howdoyouanswerthisquestion"whatiscompanycode".Q:IsitnecessarytocreateSundrycreditors?Q:WhatisthemeaningofTDS?Howitischarged?Q:WhatisinterestonCapital?Q:WhatisPoolrate?Q:Whattheproceduresorprocessinvolvedinthepreparationfortheaudit?Q:WhatisWebAudit?Q:Whatarethedifferenttypesofinternalaudit?Q:Whatisthedifferencebetweenaninternalauditandtheannualexternalaudi

t?Q:WhatisInternalAudit?Q:WhatismeantbySingleAuditprocess?Q:WhereisAuditDataStored?Q:Whatismeantbycomputerauditing?Q:Whatarethereasonsforgettingaudited?Q:Whatdo'incomeassessed'and'non-incomeassessed'mean?Q:Whatisauthorizedsharecapital?Q:Whatispaidupsharecapital?Q:Howmuchdepreciationtobecalculatedforfixedassetsolderthan5years?Q:Whatisaccumulateddepreciation?Q:Whatarethejournalentrieswhichgetpassedfromassetpurchasingtoassetretirement?

Q:Whatisfictitiousassets?Q:Whatisthedifferencebetweenthedifferentdepreciationmethods?Q:Whataretheactivitiespresentinpayrolltask?Q:WhatisPayrollDisbursementsJournal?Q:WhatarethestepsinPayrollManagement?Q:Whatisthesoftwareefficientforcarryingoutpayrolltasks?Q:WhatisthedifferencebetweenpaycheckandPayslip?Q:Howadvantageispayrollforsmallbusiness?Q:WhatisPayrollJournal?