INTERVIEW QUESTIONS FOR FINANCE AND ACCOUNTSJ

1. Define Project Management and outline its features clearly. Project management is an organised venture for managing projects, involves scientific application of modern tools and techniques in planning, financing, implementing, monitoring, controlling and coordinating unique activities or task produce desirable outputs in accordance with the determined objectives with in the constraints of time and cost 2. Discuss the process of generating and screening the project ideas. The process of project selection consists of following stages : ·          Idea generation ·          Environment appraisal. ·          Corporate appraisal ·          Scouting for project ideas. ·          Preliminary screening. ·          Project rating index ...

Question 1. What Are The Various Streams Of Accounting? Answer : There are three streams of accounting: o     Financial Accounting:  is the process in which business transactions are recorded systematically in the various books of accounts maintained by the organization in order to prepare financial statements. Theses financial statements are basically of two types: First is Profitability Statement or Profit and Loss Account and second is Balance Sheet. o     Cost Accounting:  is the process of classifying and recording of expenditure incurred during the operations of the organization in a systematic way, in order to ascertain the cost of a cost center with the intention to control the cost. o     Management Accounting:  is the process of analysis, interpretation and presentation of accounting information collected with the help of financial accounting and cost accounting, in order to assist management in the pro...