-
Rates and Ratios
Rates and Ratios are often interpreted as same. Differentiate between the two giving at least two examples?
vasudeo007
- Aug 26th, 2008
Rates and ratios have utterly different meanings.Rates may mean the charges per unit. While ratios mean the ratio of one variable to other.Rates are expenses which are debited to profit and loss accou...
-
What is mean by Working Capital?
vasudeo007
- Aug 26th, 2008
Many people gave very precise and appropriate answer of this question here. Let me also try.In a balance sheet of any company the liabilities are bifurcated into a) capital, b) loans and c) curr...
-
Sensex Points calculatation
How do you calculate sensex points?
vasudeo007
- Aug 19th, 2008
Sensex or for that matter any index in any capital market acts as the barometer of the economy. When economy is on rise then the index shoots up and vice-versa.There is presumed to be co-relation betw...
priya
- Nov 27th, 2007
SENSEX is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 com...
-
Capitalized Property and Equipment
When can costs subsequent to acquisition of Property Plant and equipment are capitalized?
vasudeo007
- Aug 19th, 2008
When any fixed asset is purchased then all costs related to installation of the machinery and repairy (only major repairy) are capitalised.There can be quite number of expenses associated with the ass...
-
Reserves
What is meant by reserves?
vasudeo007
- Aug 18th, 2008
The word reserves is always used along with Surpluses.Surplus means any trading/business surplus in any financial year. While reserve means money kept aside for specific purpose.Example: General Resev...
Pavan Kumar
- Nov 21st, 2007
Reserve is nothing but money kepting a side for future expenses/payments i.e. unknown expenses.
-
-
-
Money Market
Explain what is money market?
vasudeo007
- Aug 18th, 2008
Money market is the market of money.Just like goods and services are sold in market money itself is also sold.That does not mean foreign currency. I mean when you buy short term deposit, treasury bill...
akki.jagani
- Jun 19th, 2008
Where we can do short time transaction of money. In money market we can borrow money for short time.
-
Business Analyst Hedge Accounting (or derivative accounting)
This is for any of you who have worked in a role of BA Hedge Accounting.I need to get an idea of your role in that position.Who are the stakeholders? Do you need to have an in depth knowledge of derivative products?Any further detail will be helpful Thanks
vasudeo007
- Aug 18th, 2008
Hi,Even I want to work as Business Analyst. I am looking for BA position. As far as derivatives are concerned they are very simple to study.Obtaining in-depth knowledge of derivatives is not much difficult.Vasudeo
-
Handling Unexpected Probelem
Which failure and unexpected problem do you remember in your resposibilties?What about the reason for this ?How did you react?Which conclusion did you draw from that?What would you do different today in a similar situation?
-
What is trade bills
shoukath
- Jul 21st, 2008
Either should be cash Invoice or Credit invoice which is belongs to Business is called Trade bill.
rama krishna
- Jul 16th, 2007
Every transaction must be supported by any document. A trade bill is a supporting document of business activities like purchases , sales, receipts, payments etc...
-
Income statement and Balance sheet statement
Which items belong in income statement and do not belong in balance sheet statement
kanr707
- Jan 15th, 2008
Dear Rekha...I want to correct something if you do not mind,About the items which you mentio it in the income statement, It does not Include capital.Capital is included in the balance sheet.
-
-
Accounting objectives
What are the objectives of Accounting?
Sweete
- Jun 24th, 2008
There are two main objectives of accounting:1. To ascertain the profit or loss earned by the firm2. To know the financial position of the firm
-
If i have paid for something why cant i expense the entire amount on the income statement?why do we need to make an adjustment to the insurance policy at the end of the year? wouldn't it have easier to record the entire balance as an expense in November when the policy was ?purchased?why do I need to take an inventory count of my supplies at the end of the year?If I receive the Hydro bill on August 5th, why don't we record the transaction for the next fiscal period rather then include it in the July 31st, 2006 fiscal year end?
lvmWHAT
- May 29th, 2008
i'm pretty sure, nick, you cant expense the ENTIRE AMOUNT on the income statement because HELLO DEPRECIATION. and what is depreciation might you ask? well depreciation means that the lovely ...
-
What is the difference between inactive accounts and dormant account
Rashmi_Nair
- May 28th, 2008
An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a spec...
satya
- Aug 20th, 2006
Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules). InActive accounts are those accounts in which transactions are being made for long time.
-
-
Financial Accounting and Reporting Practices Case Study
What are the major areas of difference in financial accounting and reporting practices observed around the world ? In what areas are there substantial similarities ?
-
Segmental Reporting
What are the benefits and costs of segmental reporting? Evaluate the quality of segmental reporting by multinational enterprises generally and by US.
-
Investment in Real Esate For Development
A companys' prinicpal activity is to buy land for development. It is like investing in land and then developing it. Do you treat this land as available for Sale or fair value through statement of income? Give the answer to comply with the International Financial Reporting Standard (IFRS)
Accounting Interview Questions
Sub Category
Questions
Answers
Last Updated
Ans