Answer Posted / Arpit Prajjwalith Singh
A financial accountant should have a strong understanding of financial reporting standards, GAAP or IFRS, tax laws, and regulatory requirements. They should also be proficient in accounting software, have analytical skills, and be able to communicate complex financial information clearly.
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What qualities have you got that would make you a good accountant?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
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Which accounting applications are your familiar with?
There is no item category assigned to account
Please provide me the entire format of P.F. & ESI
what accounts payable applications are your familiar with?
what are your current financial and accounting projects? What is your role?
Explain a time when you have not met your goal?
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The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
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Tell me an example of a tough decision that you had to make?
