2COMS Executive Accountant Interview Questions and Answers

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

• Basic principles of accounting include the accounting equation, double-entry accounting, and the accrual basis of accounting.

• The accounting equation states that assets must equal liabilities plus equity.

• Double-entry accounting requires that every transaction have...read more

P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.

• The cycle starts with identifying the need for a product or service.

• Then, a purchase order is created and sent to the supplier.

• The supplier delivers the product or service and sends an invoice.

• The invoice is verified and approved for payment.

• Finally, payment is made to the supplier.

• The cycle ends with ...read more

I am changing domain to explore new opportunities and challenges.

• I want to broaden my skill set and gain new experiences.

• I am looking for a more challenging role that aligns with my career goals.

• I am interested in exploring a different industry or sector.

• I want to work with a different team or company culture.

• I am seeking better work-life balance or location.

• Example: I am currently working in the IT industry, but I wan...read more

Recruit people by leveraging technology, social media, and employee referrals.

• Use social media platforms to advertise job openings and reach a wider audience

• Leverage technology such as applicant tracking systems to streamline the recruitment process

• Encourage employee referrals and incentivize them to refer qualified candidates

• Attend job fairs and networking events to connect with potential candidates

• Offer competitive c...read more