ABB Senior Financial Analyst Interview Questions and Answers

Implemented automated financial reporting system to streamline processes

• Developed a new financial reporting template that reduced manual data entry by 50%

• Utilized advanced Excel functions to automate data analysis and reporting

• Implemented a new budgeting software that improved accuracy and efficiency in forecasting

Prepaid expenses are recorded as assets on the balance sheet until they are used up or expire.

• Prepaid expenses are initially recorded as assets on the balance sheet

• As the prepaid expenses are used up or expire, they are then recognized as expenses on the income statement

• The adjusting entry to recognize the expense involves debiting an expense account and crediting the prepaid expense account

• Examples of prepaid expenses...read more

Foreign currency revaluation in SAP involves adjusting the value of foreign currency balances to reflect current exchange rates.

• Foreign currency revaluation is typically done at month-end or year-end to ensure financial statements accurately reflect the current exchange rates.

• In SAP, the process involves running the foreign currency revaluation program (transaction code FAGL_FC_VAL) to revalue open items in foreign cur...read more