Akums Drugs & Pharmaceuticals Limited Executive Accountant Interview Questions and Answers

Case study's are too hard so keep studing

Q1. What is marketing management
Ans. 
Marketing management involves planning, organizing, directing, and controlling marketing activities to achieve organizational goals.
• Developing marketing strategies to reach target customers

• Analyzing market trends and competition

• Setting marketing budgets and monitoring expenses

• Managing advertising and promotional campaigns

• Measuring the effectiveness of marketing efforts
Answered by AI
Add your answer
Q2. Same principal of handery fayol
Ans. 
Henri Fayol's principles of management are applicable in accounting as well.
• Fayol's principle of unity of command can be applied in accounting to ensure clear reporting lines and accountability.

• The principle of division of work can be seen in accounting departments where tasks are divided among different roles for efficiency.

• Accountants can use the principle of discipline to ensure adherence to financial regulations an...read more
Answered by AI
Add your answer

Highly problem solving

Q1. What are the challenged faced in your project
Ans. 
Some challenges faced in the project include budget constraints, complex regulations, and data accuracy issues.
• Budget constraints leading to limited resources for necessary tools and software

• Complex regulations requiring thorough understanding and compliance

• Data accuracy issues causing discrepancies in financial reports
Answered by AI
Add your answer
Q2. How did you overcome them
Add your answer
Q3. How can you improve yourself better?
Ans. 
I can improve myself by continuously seeking professional development opportunities and staying updated on industry trends.
• Enroll in relevant courses or certifications to enhance skills

• Attend workshops or seminars to learn new techniques or technologies

• Join professional organizations to network and stay informed

• Seek feedback from colleagues or supervisors for areas of improvement
Answered by AI
Add your answer
Q4. What is essential quality of accountants
Ans. 
Attention to detail and strong analytical skills are essential qualities of accountants.
• Attention to detail is crucial for accuracy in financial reporting

• Strong analytical skills help in interpreting complex financial data

• Ethical behavior is important for maintaining trust and integrity

• Good communication skills are necessary for working with clients and colleagues
Answered by AI
Add your answer

Q1. Define what is a balance sheet?
Ans. 
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
• It shows the company's assets, liabilities, and shareholders' equity.

• Assets include cash, accounts receivable, inventory, and property.

• Liabilities include loans, accounts payable, and accrued expenses.

• Shareholders' equity represents the company's net worth.

• The balance sheet follows the formula...read more
Answered by AI
View 1 more answer
Q2. Describe the golden rules of Accounts?
Ans. 
The golden rules of Accounts are basic principles that guide the recording of financial transactions.
• The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

• The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

• The third golden rule is the Nominal Account rule, which states that debit all expenses and losses
Answered by AI
View 1 more answer
Q3. Describe Types of Accounts ?
Ans. 
Types of accounts include assets, liabilities, equity, revenue, and expenses.
• Assets: Resources owned by a company, such as cash, inventory, and property.

• Liabilities: Debts or obligations owed by a company, such as loans and accounts payable.

• Equity: Represents the owner's interest in the company's assets after deducting liabilities.

• Revenue: Income generated from the sale of goods or services.

• Expenses: Costs incurred in ...read more
Answered by AI
Add your answer
Q4. Theer Different types of accounts in accounting are Real account, Personal account and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account...read more
Add your answer

Q1. Tell me about yourself.
Add your answer
Q2. Why do you want to work for our company?
Add your answer
Q3. Why are you looking for a change?
Add your answer
Q4. What are your greatest strengths and weaknesses?
Add your answer

Q1. Simple question like tell me about yourself
Add your answer
Q2. What was your previous work profile
Ans. 
I worked as a Senior Accountant at XYZ Corporation for 3 years.
• Managed financial statements and reports

• Prepared budgets and forecasts

• Supervised junior accountants

• Collaborated with other departments to ensure accuracy of financial data

• Implemented new accounting software

• Reduced expenses by 10% through cost-cutting measures
Answered by AI
Add your answer

Q1. What is financial accounting
Ans. 
Financial accounting is the process of recording, summarizing, and reporting the financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements like balance sheet and income statement

• Reporting financial information to stakeholders like investors and regulators
Answered by AI
View 1 more answer
Q2. What is the formula of capital
Ans. 
The formula for capital is total assets minus total liabilities.
• Capital = Total Assets - Total Liabilities

• Total assets include cash, inventory, property, etc.

• Total liabilities include debts, loans, accounts payable, etc.
Answered by AI
View 1 more answer
Q3. What are the 3 types of liabilities
Ans. 
The 3 types of liabilities are current liabilities, non-current liabilities, and contingent liabilities.
• Current liabilities are obligations due within one year, such as accounts payable and short-term loans.

• Non-current liabilities are obligations due beyond one year, such as long-term loans and bonds payable.

• Contingent liabilities are potential obligations that depend on the outcome of future events, such as lawsuits o
Answered by AI
View 1 more answer
Q4. What are the assets
Ans. 
Assets are resources owned by a company that have economic value and can be used to generate future revenue.
• Assets can include cash, accounts receivable, inventory, property, equipment, and investments.

• Assets are typically listed on a company's balance sheet and are categorized as current assets or non-current assets.

• Current assets are expected to be converted into cash within one year, while non-current assets are lon...read more
Answered by AI
View 1 more answer
Q5. What are the golden rules for accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rules include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a company receives ...read more
Answered by AI
View 1 more answer
Q6. How many types of accounts
Ans. 
There are five main types of accounts: assets, liabilities, equity, revenue, and expenses.
• Assets: resources owned by the company (e.g. cash, inventory)

• Liabilities: obligations owed by the company (e.g. loans, accounts payable)

• Equity: the owner's claim on the company's assets (e.g. common stock)

• Revenue: income generated from the company's operations (e.g. sales revenue)

• Expenses: costs incurred to generate revenue (e.g.
Answered by AI
View 1 more answer

Q1. Job Description
Add your answer
Q2. Job Responsibility
Add your answer
Q3. Account and Finance with Insurance
Add your answer

Q1. Job Responsibility
Add your answer
Q2. Account and Finance
Add your answer
Q3. All company insurance
Add your answer

Q1. What are your strengths
Ans. My strengths are iam self motivated person and Hard working
Answered Anonymously
Add your answer
Q2. What are your goals
Add your answer
Q3. My short term goal is to achieve a good job as senior accountant in aurobindo Pharma company and my long term goal is to achieve a good job in that same company and which build my career and help the organ...read more
Add your answer
Q4. What are your qualification
Ans. I have completed graduation in government degree college autonomous siddipet with the course bachelor of commerce
Answered Anonymously
Add your answer
Q5. What are your hobbies
Ans. My hobbies are reading books leasting music playing with my friends
Answered Anonymously
Add your answer